Real Estate Investing in Dyersburg, Tennessee (38024)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38024 (Dyersburg, 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: 9.8% vacancy may signal weakening demand.
What’s happening in Dyersburg, TN (38024)?
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Market Analysis: 38024 Dyersburg
In practical terms, ZIP 38024 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $172K median. It rewards specialists, not generalists.
For an experienced owner, 38024 can be a worth a close look for hunting ground — but the discount at $172K reflects genuine risk that outside investors often underestimate.
In the broader TN picture, 38024 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 38024 ZIP's population of 25,357 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Distressed ZIPs reward experience. solid returns are possible in 38024, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Dyersburg:
Property Strategy for 38024
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $75,186 | $930 | 8.9% | +6.6% | $37,593 |
| 3BR | $187,946 | $1,220 | 4.7% | +7.8% | $62,649 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 38024 Compare?
| Metric | 38024 | Dyersburg | Dyersburg, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $171,653 | $173,081 | N/A | $327,001 |
| 5-Year CAGR | 3.6% | 3.6% | N/A | 7.7% |
| Avg Rent | $800 | $819 | N/A | - |
| Cap Rate | 3.6% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38024 (Dyersburg, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $171,653 |
| Monthly Rent | $800 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 Rent Trends
| 1-Year | +12.7% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 38024
Population: 25,357
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 38024
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 3,169 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Dyersburg, TN for real estate investors?
Dyersburg, TN rates 3.0/5 for investability. With median values at $172K and rents near $800/mo, the market offers reasonable fundamentals for rental investors.
How much rent can I charge in Dyersburg, TN?
Rents in Dyersburg, TN run near $800/mo. Compared with median home prices of $172K that produces solid gross yields for typical rentals.
Do landlords face vacancy issues in Dyersburg, TN?
Rental vacancy in Dyersburg, TN is elevated. Investors should budget normal turnover but not chronic empty units.
What is the best play in Dyersburg, TN?
For Dyersburg, TN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Are renters plentiful in Dyersburg, TN?
Working renters make up the core of the Dyersburg, TN tenant base. The pool is reasonable for investors targeting long-term holds.
You know 38024 now. You don’t know where it ranks.
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How 38024 ranks in Dyersburg, TN
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