Real Estate Investing in Dukedom, Tennessee (38226)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38226 (Dukedom, TN)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated poverty: 55.1% poverty rate — can affect rent collection.
- Higher unemployment: 10.7% unemployment — tenant risk signal.
- Lower household income: $20,042 median — tenant affordability is tighter.
• 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 Dukedom, TN (38226)?
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Market Analysis: 38226 Dukedom
Not every below-median market is a bargain. Dukedom's 38226 ZIP stands at signals that favor experienced operators who can absorb the risk $215K pricing implies.
For an experienced owner, 38226 can be a a viable market for hunting ground — but the discount at $215K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 38226 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A impressive renter share of 0% in 38226 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Dukedom's stable or hybrid ZIPs before stepping into 38226. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Dukedom:
Market Trends
Home Value History (with trend line)
📊 How Does 38226 Compare?
| Metric | 38226 | Dukedom | Martin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $215,473 | $215,473 | N/A | $327,001 |
| 5-Year CAGR | N/A | N/A | N/A | 7.7% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38226 (Dukedom, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $215,473 |
| Monthly Rent | $846 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 14.6% |
📈 Home Appreciation
| 1-Year | +17.7% ▲ |
| 3-Year CAGR | +11.5% ▲ |
| 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 (3.1%). 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 38226
Population: 255
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
🎓 Nearby Colleges & Universities
Investor Insight: With 527 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average monthly rent in Dukedom, TN?
Rent in Dukedom, TN is around $846/mo. The resulting rent-to-value relationship with $215K pricing is reasonable for most investor models.
Is vacancy a concern in Dukedom, TN?
Expect elevated vacancy in Dukedom, TN. Rents at $846/mo are absorbed by the tenant base without meaningful lag.
Is Dukedom, TN a smart market for rental property?
With a 2.0/5 investability score, Dukedom, TN ranks as a solid market for rental property investors. Median prices of $215K and rents of $846/mo drive the underlying numbers.
What type of investing works in Dukedom, TN?
A careful cash-flow rentals with hands-on management strategy Dukedom, TN best. The market produces even-keeled results for that approach at the $215K price point.
Does house hacking work in Dukedom, TN?
House hacking in Dukedom, TN is reasonable to execute. Prices around $215K and rents of $846/mo solid owner-occupant economics.
You know 38226 now. You don’t know where it ranks.
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How 38226 ranks in Martin, TN
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