Real Estate Investing in Bells, Tennessee (38006)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38006 (Bells, 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.
- Elevated vacancy: 9.2% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bells, TN (38006)?
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Market Analysis: 38006 Bells
The 38006 ZIP covers a section of Bells that demands careful diligence. Prices near $213K look accessible, but the work to make a deal cash flow is real.
Rent of $1,035/mo on a $213K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 38006 sits below the stated 0.0% once reality is priced in.
Looking more closely, 38006 offers a low basis, the region around Bells has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 38006 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 38006 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Bells:
Market Trends
Home Value History (with trend line)
📊 How Does 38006 Compare?
| Metric | 38006 | Bells | Jackson, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $213,366 | $213,366 | N/A | $327,001 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.7% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38006 (Bells, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $213,366 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (3.8%). 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 38006
Population: 5,375
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 38006
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 2,427 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Bells, TN?
Typical homes in Bells, TN go for around $213K. The 5-year CAGR of 0.0% stable price movement.
Do landlords face vacancy issues in Bells, TN?
Rental vacancy in Bells, TN is elevated. Investors should budget normal turnover but not chronic empty units.
How should investors approach Bells, TN?
In Bells, TN the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $213K prices and $1,035/mo rents suits that approach.
Is rental property easy to operate in Bells, TN?
The landlord environment in Bells, TN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What monthly rent should investors expect in Bells, TN?
Rental rates in Bells, TN average $1,035/mo. Tenant demand and $213K home values make the yield look reasonable by investor standards.
You know 38006 now. You don’t know where it ranks.
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How 38006 ranks in Jackson, TN
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