Real Estate Investing in Ten Mile, Tennessee (37880)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37880 (Ten Mile, 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: 34.0% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 35.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ten Mile, TN (37880)?
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Market Analysis: 37880 Ten Mile
ZIP 37880 in Ten Mile, TN carries a robust set of headwinds. Home values near $375K and rents of $891/mo sit inside a market where underwriting has to be tight.
From a cash-flow lens, the numbers look inviting — $375K purchase price, 0.0% nominal cap — the work to hit that pro forma in 37880 is substantial and deserves full respect.
Statewide comparisons place 37880 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
From a cash-flow lens, 3,934 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 37880 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Ten Mile:
Property Strategy for 37880
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $331,387 | $990 | 2.2% | +11.7% | $165,693 |
| 3BR | $481,602 | $1,260 | 1.9% | +11.7% | $160,534 |
Market Trends
Home Value History (with trend line)
📊 How Does 37880 Compare?
| Metric | 37880 | Ten Mile | Knoxville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $374,527 | $374,527 | N/A | $327,001 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 7.7% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37880 (Ten Mile, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $374,527 |
| Monthly Rent | $891 |
| Price-to-Rent | 35.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (1.9%). 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 37880
Population: 3,934
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 37880
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 1,678 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Ten Mile, TN?
Ten Mile, TN median home values land near $375K. That is reasonable territory for investors looking at $891/mo-per-month rentals.
Can I live-in-and-rent in Ten Mile, TN?
Ten Mile, TN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $891/mo rent level.
Is TN a landlord-friendly state?
TN law landlord-friendly for landlords, and Ten Mile inherits those rules. Investors should still review local ordinances for rental licensing.
What is the typical rental rate in Ten Mile, TN?
Rent in Ten Mile, TN is around $891/mo. The resulting rent-to-value relationship with $375K pricing is reasonable for most investor models.
Is it easy to find good tenants in Ten Mile, TN?
Ten Mile, TN offers a even-keeled renter base at the $891/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 37880 now. You don’t know where it ranks.
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How 37880 ranks in Knoxville, TN
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