Real Estate Investing in Luray, Tennessee (38352)
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Should you buy in 38352 (Luray, TN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Luray, TN (38352)?
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Market Analysis: 38352 Luray
Not every below-median market is a bargain. Luray's 38352 ZIP shows signals that favor experienced operators who can absorb the risk $174K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 38352 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within TN, ZIP 38352 trails on several market indicators that neighboring Chester County submarkets outperform. The gap is real and healthy enough to shape underwriting.
The demographic picture in 38352 includes headwinds that any investor should price in. Income distribution skews lower than Luray averages, and tenant stability requires active management.
Strategically, 38352 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 Luray:
Market Trends
Home Value History (with trend line)
📊 How Does 38352 Compare?
| Metric | 38352 | Luray | Jackson, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $174,215 | $174,215 | N/A | $327,001 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 7.7% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38352 (Luray, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $174,215 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +10.8% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (4.5%). 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 38352
Population: 623
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 is the median home value in Luray, TN?
Luray, TN home values average about $174K. That price point suits investors targeting rentals with $1,008/mo in monthly income.
What is the best play in Luray, TN?
The best-fit strategy in Luray, TN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Does Luray, TN favor landlords or tenants?
Luray, TN falls under TN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is Luray, TN a good place for real estate investing?
The 3.0/5 investability rating in Luray, TN reflects its $174K prices and $1,008/mo rents. Investors generally consider it a solid option within TN.
How strong is tenant demand in Luray, TN?
Expect a solid tenant pool in Luray, TN. The rental market absorbs $1,008/mo rents without meaningful friction.
You know 38352 now. You don’t know where it ranks.
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How 38352 ranks in Jackson, TN
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