Real Estate Investing in Atoka, Tennessee (38004)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38004 (Atoka, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Atoka, TN (38004)?
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Market Analysis: 38004 Atoka
ZIP 38004 in Atoka, TN carries a substantial set of headwinds. Home values near $356K and rents of $1,323/mo sit inside a market where underwriting has to be tight.
The 38004 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 38004 sits on the difficult end of the TN spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 38004 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 38004 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 Atoka:
Property Strategy for 38004
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $312,251 | $1,940 | 4.5% | +8.5% | $104,084 |
| 4BR | $397,620 | $2,260 | 4.1% | +7.2% | $99,405 |
| 5BR | $434,341 | — | — | +7.8% | $86,868 |
Market Trends
Home Value History (with trend line)
📊 How Does 38004 Compare?
| Metric | 38004 | Atoka | Memphis, TN-MS-AR | Tennessee |
|---|---|---|---|---|
| Home Value | $355,903 | $355,903 | N/A | $327,001 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 7.7% |
| Avg Rent | $1,323 | $1,323 | 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 38004 (Atoka, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $355,903 |
| Monthly Rent | $1,323 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 38004
Population: 11,696
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 38004
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
Which investment style suits Atoka, TN?
A careful cash-flow rentals with hands-on management strategy Atoka, TN best. The market produces predictable results for that approach at the $356K price point.
How deep is the rental pool in Atoka, TN?
Expect a solid tenant pool in Atoka, TN. The rental market absorbs $1,323/mo rents without meaningful friction.
How much rent can I charge in Atoka, TN?
Atoka, TN rentals go for roughly $1,323/mo a month. That puts gross yield in solid territory relative to $356K acquisition costs.
How viable is house hacking in Atoka, TN?
The house hack math a challenging in Atoka, TN. Owner-occupant buyers benefit from the $1,323/mo rents and $356K home values.
What is the rental occupancy rate in Atoka, TN?
Atoka, TN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 38004 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38004 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 38004 ranks in Memphis, TN-MS-AR
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