Real Estate Investing in Pioneer, Tennessee (37847)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37847 (Pioneer, TN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
- Elevated poverty: 27.0% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pioneer, TN (37847)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37847 Pioneer
Stepping back, ZIP 37847 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $188K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 37847 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 37847 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 37847 ZIP's population of 2,789 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Experienced landlords with local relationships tend to find 37847 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Pioneer:
Market Trends
Home Value History (with trend line)
📊 How Does 37847 Compare?
| Metric | 37847 | Pioneer | Knoxville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $188,331 | $188,331 | N/A | $327,001 |
| 5-Year CAGR | N/A | N/A | N/A | 7.7% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37847 (Pioneer, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $188,331 |
| Monthly Rent | $837 |
| Price-to-Rent | 18.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 37847
Population: 2,789
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 37847
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 689 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the rental occupancy rate in Pioneer, TN?
Occupancy in Pioneer, TN runs steady with elevated vacancy. Well-priced units at $837/mo lease on reasonable timelines.
What is the average monthly rent in Pioneer, TN?
Expect rents around $837/mo per month in Pioneer, TN. With home values at $188K, the yield math works out to reasonable levels for rental investors.
What strategy should investors use in Pioneer, TN?
A careful cash-flow rentals with hands-on management strategy Pioneer, TN best. The market produces stable results for that approach at the $188K price point.
Is Pioneer, TN landlord-friendly?
TN law landlord-friendly for landlords, and Pioneer inherits those rules. Investors should still review local ordinances for rental licensing.
How do home values compare in Pioneer, TN?
In Pioneer, TN the median home value sits at $188K. Against the broader TN market, that reads as reasonable for most investors.
You know 37847 now. You don’t know where it ranks.
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How 37847 ranks in Knoxville, TN
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