Real Estate Investing in Martin, Tennessee (38237)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38237 (Martin, 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.
- High vacancy: 13.3% of homes vacant — above national norms.
What’s happening in Martin, TN (38237)?
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Market Analysis: 38237 Martin
The 38237 ZIP covers a section of Martin that demands careful diligence. Prices near $223K look accessible, but the work to make a deal cash flow is real.
The 38237 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 38237 sits on the difficult end of the TN spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
A healthy renter share of 45% in 38237 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
tilts toward 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 Martin:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 38237 Compare?
| Metric | 38237 | Martin | Martin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $222,735 | $222,735 | N/A | $327,001 |
| 5-Year CAGR | 8.2% | 8.2% | N/A | 7.7% |
| Avg Rent | $961 | $961 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38237 (Martin, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $222,735 |
| Monthly Rent | $961 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.4%). 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 38237
Population: 15,273
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 38237
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 527 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Martin, TN?
With a 3.0/5 investability score, Martin, TN ranks as a solid market for rental property investors. Median prices of $223K and rents of $961/mo drive the underlying numbers.
What do landlords charge for rent in Martin, TN?
Rent in Martin, TN is around $961/mo. The resulting rent-to-value relationship with $223K pricing is reasonable for most investor models.
What strategy should investors use in Martin, TN?
A careful cash-flow rentals with hands-on management strategy Martin, TN best. The market produces consistent results for that approach at the $223K price point.
Are tenants stable in Martin, TN?
Working renters make up the core of the Martin, TN tenant base. The pool is reasonable for investors targeting long-term holds.
How do landlord-tenant laws work in Martin, TN?
TN ranks as a landlord-friendly state for landlord-tenant law. Martin generally follows the statewide framework, so landlords face reasonable operating rules.
You know 38237 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38237 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.
How 38237 ranks in Martin, TN
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