Real Estate Investing in Puryear, Tennessee (38251)
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Should you buy in 38251 (Puryear, TN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Puryear, TN (38251)?
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Market Analysis: 38251 Puryear
Not every below-median market is a bargain. Puryear's 38251 ZIP registers signals that favor experienced operators who can absorb the risk $217K pricing implies.
The investment case in 38251 is robust only for operators who understand what they are buying. A $217K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 38251 and stronger Puryear ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A impressive renter share of 14% in 38251 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 38251 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Puryear:
Market Trends
Home Value History (with trend line)
📊 How Does 38251 Compare?
| Metric | 38251 | Puryear | Paris, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $217,100 | $217,100 | N/A | $327,001 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 7.7% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38251 (Puryear, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $217,100 |
| Monthly Rent | $837 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +15.0% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (3.0%). 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 38251
Population: 3,492
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 38251
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
Is Puryear, TN a friendly market for rental owners?
Puryear, TN falls under TN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How does Puryear, TN rate as a rental market?
Puryear, TN rates 3.0/5 for investability. With median values at $217K and rents near $837/mo, the market offers reasonable fundamentals for rental investors.
Are tenants stable in Puryear, TN?
Puryear, TN draws a even-keeled base of working renters. Demand at the $837/mo rent level is reasonable for standard single-family and small multi rentals.
Are rents high in Puryear, TN?
Puryear, TN rentals go for roughly $837/mo a month. That puts gross yield in solid territory relative to $217K acquisition costs.
What price range are homes in Puryear, TN?
The median home value in Puryear, TN is roughly $217K. That puts it reasonable relative to the TN statewide average.
You know 38251 now. You don’t know where it ranks.
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How 38251 ranks in Paris, TN
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Community Ratings
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