Real Estate Investing in Halls, Tennessee (38040)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38040 (Halls, TN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.8% 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 Halls, TN (38040)?
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Market Analysis: 38040 Halls
The 38040 ZIP in Halls, TN is a local-operator market. Outside capital chasing a $150K entry has to pair deep knowledge with the discount.
The 38040 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 38040 and stronger Halls ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A significant renter share of 44% in 38040 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Halls:
Market Trends
Home Value History (with trend line)
📊 How Does 38040 Compare?
| Metric | 38040 | Halls | Jackson, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $150,191 | $150,191 | N/A | $327,001 |
| 5-Year CAGR | 4.0% | 4.0% | N/A | 7.7% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38040 (Halls, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $150,191 |
| Monthly Rent | $873 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (4.5%). 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 38040
Population: 4,689
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 38040
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 1,084 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which investment style suits Halls, TN?
Most investors in Halls, 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.
What is the average home sale price in Halls, TN?
Halls, TN median home values land near $150K. That is reasonable territory for investors looking at $873/mo-per-month rentals.
Should investors worry about vacancy in Halls, TN?
Vacancy risk in Halls, TN is elevated. That supports steady cash flow for typical rental holds.
How do landlord-tenant laws work in Halls, TN?
Landlord-friendliness in Halls, TN is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Halls, TN a good market for buy-and-hold investors?
Halls, TN rates 3.0/5 for investability. With median values at $150K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
You know 38040 now. You don’t know where it ranks.
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How 38040 ranks in Jackson, TN
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