Real Estate Investing in Oakfield, Tennessee (38362)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38362 (Oakfield, 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.
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 Oakfield, TN (38362)?
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Market Analysis: 38362 Oakfield
The 38362 ZIP in Oakfield, TN is a local-operator market. Outside capital chasing a $212K entry has to pair deep knowledge with the discount.
The investment case in 38362 is notable only for operators who understand what they are buying. A $212K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 38362 and stronger Oakfield ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A robust renter share of 34% in 38362 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 38362 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Oakfield:
Market Trends
Home Value History (with trend line)
📊 How Does 38362 Compare?
| Metric | 38362 | Oakfield | Jackson, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $212,192 | $212,192 | N/A | $327,001 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.7% |
| Avg Rent | $1,377 | $1,377 | N/A | - |
| Cap Rate | 5.1% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38362 (Oakfield, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $212,192 |
| Monthly Rent | $1,377 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (5.1%). 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 38362
Population: 991
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 38362
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Jackson Academic STEAM Academy
East Elementary School
Jackson Career Technology Magnet Elementary
Liberty Technology Magnet High School
Pope School
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
Investor Insight: With 3,633 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is tenant demand in Oakfield, TN?
Oakfield, TN draws a reliable base of working renters. Demand at the $1,377/mo rent level is reasonable for standard single-family and small multi rentals.
Should investors consider Oakfield, TN?
With a 3.0/5 investability score, Oakfield, TN ranks as a solid market for rental property investors. Median prices of $212K and rents of $1,377/mo drive the underlying numbers.
Are homes affordable in Oakfield, TN?
Oakfield, TN home values average about $212K. That price point suits investors targeting rentals with $1,377/mo in monthly income.
What is it like being a landlord in Oakfield, TN?
TN ranks as a landlord-friendly state for landlord-tenant law. Oakfield generally follows the statewide framework, so landlords face reasonable operating rules.
Are there empty rentals in Oakfield, TN?
Oakfield, TN sees elevated vacancy, which is reasonable relative to the broader TN rental market.
You know 38362 now. You don’t know where it ranks.
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How 38362 ranks in Jackson, TN
Every ZIP in this metro, ranked. Free.
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