Real Estate Investing in Milan, Tennessee (38358)
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Should you buy in 38358 (Milan, 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: 11.6% vacancy may signal weakening demand.
What’s happening in Milan, TN (38358)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 38358 Milan
This part of Gibson County is not an easy win. The 38358 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $188K asset, 38358 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Milan have seen price recovery that 38358 has not matched. Gibson County data supports the view that the spread is structural rather than temporary.
Who lives in 38358 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 38358 is an operator game, not a passive one. Stepping back, entry prices of $188K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Milan:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 38358 Compare?
| Metric | 38358 | Milan | Jackson, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $188,415 | $188,415 | N/A | $327,001 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 7.7% |
| Avg Rent | $1,100 | $1,100 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38358 (Milan, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $188,415 |
| Monthly Rent | $1,100 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 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 (4.6%). 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 38358
Population: 12,511
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 38358
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 market is Milan, TN for investors?
Our data puts Milan, TN at 3.0/5 for investability. Home prices of $188K and rents around $1,100/mo create a solid backdrop for investor activity.
How quickly do rentals get leased in Milan, TN?
Vacancy risk in Milan, TN is elevated. That supports steady cash flow for typical rental holds.
What investment strategy works best in Milan, TN?
Most investors in Milan, TN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What price range are homes in Milan, TN?
The median home value in Milan, TN is roughly $188K. That puts it reasonable relative to the TN statewide average.
How strong are rents in Milan, TN?
Investors in Milan, TN typically see rents near $1,100/mo per month against $188K home values - a solid setup for rental cash flow.
You know 38358 now. You don’t know where it ranks.
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How 38358 ranks in Jackson, TN
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