Real Estate Investing in Surgoinsville, Tennessee (37873)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37873 (Surgoinsville, TN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.1% of homes vacant — above national norms.
- Elevated poverty: 20.1% poverty rate — can affect rent collection.
- Lower household income: $37,860 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Surgoinsville, TN (37873)?
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Market Analysis: 37873 Surgoinsville
The 37873 ZIP covers a section of Surgoinsville that demands careful diligence. Prices near $237K look accessible, but the work to make a deal cash flow is real.
Meanwhile, the numbers look inviting — $237K purchase price, 0.0% nominal cap — the work to hit that pro forma in 37873 is substantial and deserves full respect.
Turning to rents, 37873 offers a low basis, the region around Surgoinsville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A solid renter share of 20% in 37873 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 37873 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Surgoinsville:
Market Trends
Home Value History (with trend line)
📊 How Does 37873 Compare?
| Metric | 37873 | Surgoinsville | Tennessee |
|---|---|---|---|
| Home Value | $236,857 | $236,857 | $327,001 |
| 5-Year CAGR | 7.8% | 7.8% | 7.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37873 (Surgoinsville, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $236,857 |
| Monthly Rent | $864 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (2.9%). 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 37873
Population: 4,446
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 37873
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.
Frequently Asked Questions
What approach is best for Surgoinsville, TN real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Surgoinsville, TN. The numbers - $237K homes against $864/mo rents - support that play.
What is the typical rental rate in Surgoinsville, TN?
Investors in Surgoinsville, TN typically see rents near $864/mo per month against $237K home values - a solid setup for rental cash flow.
What kind of vacancy should I budget for in Surgoinsville, TN?
Occupancy in Surgoinsville, TN runs even-keeled with elevated vacancy. Well-priced units at $864/mo lease on reasonable timelines.
Is it easy to find good tenants in Surgoinsville, TN?
The renter base in Surgoinsville, TN is reasonable for the $864/mo price point. Screening well and pricing to market typically yields measured tenants.
Are eviction rules reasonable in Surgoinsville, TN?
Surgoinsville, TN falls under TN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 37873 now. You don’t know where it ranks.
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