Real Estate Investing in Sharon, Tennessee (38255)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38255 (Sharon, TN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 12.1% 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 Sharon, TN (38255)?
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Market Analysis: 38255 Sharon
ZIP 38255 in Sharon, TN carries a sturdy set of headwinds. Home values near $161K and rents of $837/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 38255 can be a a strong candidate for hunting ground — but the discount at $161K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 38255 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 38255 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. significant returns are possible in 38255, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Sharon:
Market Trends
Home Value History (with trend line)
📊 How Does 38255 Compare?
| Metric | 38255 | Sharon | Martin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $160,845 | $160,845 | N/A | $327,001 |
| 5-Year CAGR | 8.6% | 8.6% | N/A | 7.7% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38255 (Sharon, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $160,845 |
| Monthly Rent | $837 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.1% |
| 5-Year IRR | 12.6% |
📈 Home Appreciation
| 1-Year | +11.0% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (4.1%). 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 38255
Population: 2,356
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 38255
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
What kind of market is Sharon, TN for investors?
Investors tracking Sharon, TN will find a 3.0/5 rating supported by $161K median home values and $837/mo rents. That profile suits long-term holders targeting steady returns.
What real estate strategy is ideal for Sharon, TN?
Sharon, TN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($161K prices, $837/mo rents) make it a reasonable choice.
Is Sharon, TN suited for a house hack?
The a challenging house-hack environment in Sharon, TN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the average home sale price in Sharon, TN?
Expect median prices around $161K in Sharon, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
What are rental rates like in Sharon, TN?
Average rent in Sharon, TN is approximately $837/mo per month. Against $161K home values that yields a reasonable rent-to-price ratio.
You know 38255 now. You don’t know where it ranks.
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How 38255 ranks in Martin, TN
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