Real Estate Investing in Medon, Tennessee (38356)
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Should you buy in 38356 (Medon, 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: 14.9% 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 Medon, TN (38356)?
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Market Analysis: 38356 Medon
ZIP 38356 inside Madison County looks affordable on the surface — median value of $218K — but the discount exists for reasons that a careful buyer should understand before committing.
On balance, the numbers look inviting — $218K purchase price, 0.0% nominal cap — the work to hit that pro forma in 38356 is substantial and deserves full respect.
Nearby ZIPs in Medon have seen price recovery that 38356 has not matched. Madison County data supports the view that the spread is structural rather than temporary.
A sturdy renter share of 27% in 38356 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 38356 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 Medon:
Market Trends
Home Value History (with trend line)
📊 How Does 38356 Compare?
| Metric | 38356 | Medon | Jackson, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $217,670 | $217,670 | N/A | $327,001 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.7% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38356 (Medon, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $217,670 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (3.6%). 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 38356
Population: 2,564
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
Investor Insight: With 2,427 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Medon, TN make sense for an investment property?
With a 3.0/5 investability score, Medon, TN ranks as a solid market for rental property investors. Median prices of $218K and rents of $1,008/mo drive the underlying numbers.
What is the typical home price in Medon, TN?
In Medon, TN the median home value sits at $218K. Against the broader TN market, that reads as reasonable for most investors.
How do experienced investors play Medon, TN?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Medon, TN. The numbers - $218K homes against $1,008/mo rents - support that play.
What is the rental occupancy rate in Medon, TN?
Occupancy in Medon, TN runs predictable with elevated vacancy. Well-priced units at $1,008/mo lease on reasonable timelines.
Is rental property easy to operate in Medon, TN?
The landlord environment in Medon, TN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 38356 now. You don’t know where it ranks.
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How 38356 ranks in Jackson, TN
Every ZIP in this metro, ranked. Free.
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