Real Estate Investing in Hollow Rock, Tennessee (38342)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38342 (Hollow Rock, 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.
- Elevated vacancy: 8.5% vacancy may signal weakening demand.
- Lower household income: $36,037 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hollow Rock, TN (38342)?
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Market Analysis: 38342 Hollow Rock
ZIP 38342 in Hollow Rock, TN carries a substantial set of headwinds. Home values near $149K and rents of $837/mo sit inside a market where underwriting has to be tight.
The 38342 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within TN, ZIP 38342 trails on several market indicators that neighboring Carroll County submarkets outperform. The gap is real and significant enough to shape underwriting.
Demographically, 38342 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. impressive returns are possible in 38342, 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 Hollow Rock:
Market Trends
Home Value History (with trend line)
📊 How Does 38342 Compare?
| Metric | 38342 | Hollow Rock | Tennessee |
|---|---|---|---|
| Home Value | $149,325 | $149,325 | $327,001 |
| 5-Year CAGR | 5.4% | 5.4% | 7.7% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 4.4% | 4.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38342 (Hollow Rock, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $149,325 |
| Monthly Rent | $837 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (4.4%). 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 38342
Population: 1,176
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
What are rental rates like in Hollow Rock, TN?
Expect rents around $837/mo per month in Hollow Rock, TN. With home values at $149K, the yield math works out to reasonable levels for rental investors.
Does Hollow Rock, TN favor landlords or tenants?
TN law landlord-friendly for landlords, and Hollow Rock inherits those rules. Investors should still review local ordinances for rental licensing.
What kind of market is Hollow Rock, TN for investors?
With a 3.0/5 investability score, Hollow Rock, TN ranks as a solid market for rental property investors. Median prices of $149K and rents of $837/mo drive the underlying numbers.
Does house hacking make sense in Hollow Rock, TN?
The house hack math a challenging in Hollow Rock, TN. Owner-occupant buyers benefit from the $837/mo rents and $149K home values.
Do landlords face vacancy issues in Hollow Rock, TN?
Vacancy in Hollow Rock, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $837/mo.
You know 38342 now. You don’t know where it ranks.
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