Real Estate Investing in Palmersville, Tennessee (38241)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38241 (Palmersville, 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.
- High vacancy: 22.2% 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 Palmersville, TN (38241)?
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Market Analysis: 38241 Palmersville
On balance, ZIP 38241 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $206K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $206K asset, 38241 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 38241 sits on the difficult end of the TN spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
The 38241 ZIP's population of 844 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
looks to 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 Palmersville:
Market Trends
Home Value History (with trend line)
📊 How Does 38241 Compare?
| Metric | 38241 | Palmersville | Martin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $205,906 | $205,906 | N/A | $327,001 |
| 5-Year CAGR | N/A | N/A | N/A | 7.7% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38241 (Palmersville, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $205,906 |
| Monthly Rent | $837 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +13.3% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 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 (3.2%). 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 38241
Population: 844
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
Frequently Asked Questions
What are rental rates like in Palmersville, TN?
Average rent in Palmersville, TN is approximately $837/mo per month. Against $206K home values that yields a reasonable rent-to-price ratio.
Which real estate strategy fits Palmersville, TN?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Palmersville, TN. The numbers - $206K homes against $837/mo rents - support that play.
How strong is Palmersville, TN for real estate investors?
Palmersville, TN rates 2.0/5 for investability. With median values at $206K and rents near $837/mo, the market offers reasonable fundamentals for rental investors.
How much should I expect to pay for a home in Palmersville, TN?
Typical homes in Palmersville, TN go for around $206K. The 5-year CAGR of 0.0% even-keeled price movement.
How high is vacancy risk in Palmersville, TN?
Vacancy risk in Palmersville, TN is elevated. That supports predictable cash flow for typical rental holds.
You know 38241 now. You don’t know where it ranks.
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How 38241 ranks in Martin, TN
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