Real Estate Investing in Wartburg, Tennessee (37887)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37887 (Wartburg, TN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wartburg, TN (37887)?
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Market Analysis: 37887 Wartburg
The 37887 ZIP covers a section of Wartburg that demands careful diligence. Prices near $221K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 37887 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within TN, ZIP 37887 trails on several market indicators that neighboring Morgan County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Who lives in 37887 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 37887 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 Wartburg:
Market Trends
Home Value History (with trend line)
📊 How Does 37887 Compare?
| Metric | 37887 | Wartburg | Knoxville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $221,003 | $221,003 | N/A | $327,001 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 7.7% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37887 (Wartburg, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $221,003 |
| Monthly Rent | $837 |
| Price-to-Rent | 22.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (3.0%). 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 37887
Population: 6,652
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 37887
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 2,397 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in Wartburg, TN?
The median home value in Wartburg, TN is roughly $221K. That puts it reasonable relative to the TN statewide average.
Is it easy to find good tenants in Wartburg, TN?
Tenant demand in Wartburg, TN is solid. The local workforce $837/mo rents across most rental classes.
What do landlords charge for rent in Wartburg, TN?
Expect rents around $837/mo per month in Wartburg, TN. With home values at $221K, the yield math works out to reasonable levels for rental investors.
What is it like being a landlord in Wartburg, TN?
TN law landlord-friendly for landlords, and Wartburg inherits those rules. Investors should still review local ordinances for rental licensing.
What is the smart move for investors in Wartburg, TN?
Most investors in Wartburg, TN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 37887 now. You don’t know where it ranks.
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How 37887 ranks in Knoxville, TN
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