Real Estate Investing in Bethel Springs, Tennessee (38315)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38315 (Bethel Springs, 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: 18.6% 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 Bethel Springs, TN (38315)?
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Market Analysis: 38315 Bethel Springs
Looking more closely, ZIP 38315 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $157K median. It rewards specialists, not generalists.
On balance, the numbers look inviting — $157K purchase price, 0.0% nominal cap — the work to hit that pro forma in 38315 is substantial and deserves full respect.
The gap between 38315 and stronger Bethel Springs ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 38315 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 38315 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Bethel Springs:
Market Trends
Home Value History (with trend line)
📊 How Does 38315 Compare?
| Metric | 38315 | Bethel Springs | Tennessee |
|---|---|---|---|
| Home Value | $156,607 | $156,607 | $327,001 |
| 5-Year CAGR | 5.4% | 5.4% | 7.7% |
| Avg Rent | $1,008 | $1,008 | - |
| Cap Rate | 5.0% | 5.0% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38315 (Bethel Springs, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $156,607 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 13.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +11.8% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 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 (5.0%). 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 38315
Population: 3,929
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 38315
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
What kind of vacancy should I budget for in Bethel Springs, TN?
Occupancy in Bethel Springs, TN runs stable with elevated vacancy. Well-priced units at $1,008/mo lease on reasonable timelines.
What is the median home value in Bethel Springs, TN?
Expect median prices around $157K in Bethel Springs, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
What monthly rent should investors expect in Bethel Springs, TN?
Rental rates in Bethel Springs, TN average $1,008/mo. Tenant demand and $157K home values make the yield look reasonable by investor standards.
How do landlord-tenant laws work in Bethel Springs, TN?
TN ranks as a landlord-friendly state for landlord-tenant law. Bethel Springs generally follows the statewide framework, so landlords face reasonable operating rules.
What kind of market is Bethel Springs, TN for investors?
Our data puts Bethel Springs, TN at 3.0/5 for investability. Home prices of $157K and rents around $1,008/mo create a solid backdrop for investor activity.
You know 38315 now. You don’t know where it ranks.
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