Real Estate Investing in Hornsby, Tennessee (38044)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38044 (Hornsby, TN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 41.1% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hornsby, TN (38044)?
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Market Analysis: 38044 Hornsby
On balance, ZIP 38044 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $165K median. It rewards specialists, not generalists.
Rent of $1,008/mo on a $165K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 38044 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 38044 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 38044 ZIP's population of 657 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Experienced landlords with local relationships tend to find 38044 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 Hornsby:
Market Trends
Home Value History (with trend line)
📊 How Does 38044 Compare?
| Metric | 38044 | Hornsby | Tennessee |
|---|---|---|---|
| Home Value | $165,011 | $165,011 | $327,001 |
| 5-Year CAGR | N/A | N/A | 7.7% |
| Avg Rent | $1,008 | $1,008 | - |
| Cap Rate | 4.8% | 4.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38044 (Hornsby, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $165,011 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 13.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +21.0% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (4.8%). 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 38044
Population: 657
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 38044
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.
Frequently Asked Questions
How landlord-friendly is Hornsby, TN?
The landlord environment in Hornsby, TN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Does Hornsby, TN make sense for an investment property?
With a 2.0/5 investability score, Hornsby, TN ranks as a solid market for rental property investors. Median prices of $165K and rents of $1,008/mo drive the underlying numbers.
Which investment style suits Hornsby, TN?
A careful cash-flow rentals with hands-on management strategy Hornsby, TN best. The market produces consistent results for that approach at the $165K price point.
Does house hacking make sense in Hornsby, TN?
House hacking in Hornsby, TN is reasonable to execute. Prices around $165K and rents of $1,008/mo solid owner-occupant economics.
Are homes affordable in Hornsby, TN?
Hornsby, TN home values average about $165K. That price point suits investors targeting rentals with $1,008/mo in monthly income.
You know 38044 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38044 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.
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