Real Estate Investing in Cedar Grove, Tennessee (38321)
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Should you buy in 38321 (Cedar Grove, 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.
- Elevated vacancy: 8.2% vacancy may signal weakening demand.
- Elevated poverty: 25.1% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cedar Grove, TN (38321)?
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Market Analysis: 38321 Cedar Grove
The 38321 ZIP covers a section of Cedar Grove that demands careful diligence. Prices near $203K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 38321 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader TN picture, 38321 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 38321 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 38321 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Cedar Grove:
Market Trends
Home Value History (with trend line)
📊 How Does 38321 Compare?
| Metric | 38321 | Cedar Grove | Tennessee |
|---|---|---|---|
| Home Value | $203,044 | $203,044 | $327,001 |
| 5-Year CAGR | 6.4% | 6.4% | 7.7% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 3.5% | 3.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38321 (Cedar Grove, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $203,044 |
| Monthly Rent | $918 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +11.4% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.5%). 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 38321
Population: 2,629
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much rent can I charge in Cedar Grove, TN?
Rents in Cedar Grove, TN run near $918/mo. Compared with median home prices of $203K that produces solid gross yields for typical rentals.
What is the tenant pool like in Cedar Grove, TN?
Expect a solid tenant pool in Cedar Grove, TN. The rental market absorbs $918/mo rents without meaningful friction.
Are homes affordable in Cedar Grove, TN?
Cedar Grove, TN home values average about $203K. That price point suits investors targeting rentals with $918/mo in monthly income.
Is Cedar Grove, TN a friendly market for rental owners?
For rental operators, Cedar Grove, TN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Cedar Grove, TN better for rentals, flips, or BRRRR?
For Cedar Grove, TN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 38321 now. You don’t know where it ranks.
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