Real Estate Investing in Farragut, Tennessee (37934)
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Should you buy in 37934 (Farragut, TN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Farragut, TN (37934)?
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Market Analysis: 37934 Farragut
ZIP 37934 inside Knox County looks affordable on the surface — median value of $662K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 37934 can be a a viable market for hunting ground — but the discount at $662K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Farragut have seen price recovery that 37934 has not matched. Knox County data supports the view that the spread is structural rather than temporary.
From an investor standpoint, 28,237 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.
Strategically, 37934 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 Farragut:
Property Strategy for 37934
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $341,919 | $2,210 | 4.7% | +10.7% | $170,960 |
| 3BR | $480,194 | $2,800 | 4.2% | +11.3% | $160,065 |
| 4BR | $719,617 | $3,260 | 3.3% | +11.6% | $179,904 |
| 5BR | $916,565 | — | — | +11.3% | $183,313 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37934 Compare?
| Metric | 37934 | Farragut | Knoxville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $661,788 | $661,788 | N/A | $327,001 |
| 5-Year CAGR | 8.8% | 8.8% | N/A | 7.7% |
| Avg Rent | $2,253 | $2,253 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37934 (Farragut, TN). Anonymous, moderated, never written by AI.
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Property managers serving Knox County
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📊 Market Snapshot
| Home Value | $661,788 |
| Monthly Rent | $2,253 |
| Price-to-Rent | 24.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +8.8% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 37934
Population: 28,237
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
🎓 Nearby Colleges & Universities
Investor Insight: With 2,984 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Farragut, TN a smart market for rental property?
Our data puts Farragut, TN at 3.0/5 for investability. Home prices of $662K and rents around $2,253/mo create a solid backdrop for investor activity.
How do experienced investors play Farragut, TN?
Most investors in Farragut, 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.
Are tenants stable in Farragut, TN?
Tenant demand in Farragut, TN is solid. The local workforce $2,253/mo rents across most rental classes.
How tight is the rental market in Farragut, TN?
Occupancy in Farragut, TN runs reliable with elevated vacancy. Well-priced units at $2,253/mo lease on reasonable timelines.
Is Farragut, TN a friendly market for rental owners?
The landlord environment in Farragut, TN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 37934 now. You don’t know where it ranks.
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How 37934 ranks in Knoxville, TN
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Community Ratings
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