Real Estate Investing in New Tazewell, Tennessee (37888)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37888 (New Tazewell, 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: 21.8% 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 New Tazewell, TN (37888)?
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Market Analysis: 37888 New Tazewell
This part of Grainger County is not an easy win. The 37888 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 37888 is notable only for operators who understand what they are buying. A $250K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 37888's metrics run below Grainger County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 37888 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 37888 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 New Tazewell:
Market Trends
Home Value History (with trend line)
📊 How Does 37888 Compare?
| Metric | 37888 | New Tazewell | Morristown, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $249,719 | $246,961 | N/A | $327,001 |
| 5-Year CAGR | 5.7% | 5.5% | N/A | 7.7% |
| Avg Rent | $918 | $905 | N/A | - |
| 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 37888 (New Tazewell, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $249,719 |
| Monthly Rent | $918 |
| Price-to-Rent | 22.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +14.5% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 37888
Population: 3,385
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 37888
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
Frequently Asked Questions
Are there empty rentals in New Tazewell, TN?
Vacancy in New Tazewell, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $918/mo.
How qualified is the tenant pool in New Tazewell, TN?
Expect a solid tenant pool in New Tazewell, TN. The rental market absorbs $918/mo rents without meaningful friction.
Is New Tazewell, TN good for landlords?
New Tazewell, TN falls under TN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Where do rents currently stand in New Tazewell, TN?
Investors in New Tazewell, TN typically see rents near $918/mo per month against $250K home values - a solid setup for rental cash flow.
Is house hacking profitable in New Tazewell, TN?
House hacking works a challenging in New Tazewell, TN. Rents of $918/mo against $250K acquisition make the strategy solid for owner-occupants.
You know 37888 now. You don’t know where it ranks.
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How 37888 ranks in Morristown, TN
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