Real Estate Investing in Atwood, Tennessee (38220)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38220 (Atwood, 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: 17.2% 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 Atwood, TN (38220)?
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Market Analysis: 38220 Atwood
The 38220 ZIP in Atwood, TN is a local-operator market. Outside capital chasing a $152K entry has to pair deep knowledge with the discount.
The 38220 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader TN picture, 38220 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A resilient renter share of 13% in 38220 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 38220 is an operator game, not a passive one. On the rental side, entry prices of $152K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Atwood:
Market Trends
Home Value History (with trend line)
📊 How Does 38220 Compare?
| Metric | 38220 | Atwood | Jackson, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $151,857 | $151,857 | N/A | $327,001 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 7.7% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38220 (Atwood, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $151,857 |
| Monthly Rent | $837 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (4.3%). 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 38220
Population: 1,824
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 38220
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
What type of investing works in Atwood, TN?
Investors usually favor careful cash-flow rentals with hands-on management in Atwood, TN. With home values at $152K and rents near $837/mo, other strategies can work but produce predictable rather than outsized returns.
How high is vacancy risk in Atwood, TN?
Atwood, TN carries elevated vacancy risk. Expect predictable absorption at market rents of $837/mo.
How does Atwood, TN rate as a rental market?
Atwood, TN rates 3.0/5 for investability. With median values at $152K and rents near $837/mo, the market offers reasonable fundamentals for rental investors.
Is Atwood, TN a good market for FHA house hackers?
Atwood, TN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $837/mo rent level.
How landlord-friendly is Atwood, TN?
The landlord environment in Atwood, TN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 38220 now. You don’t know where it ranks.
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How 38220 ranks in Jackson, TN
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