Real Estate Investing in Parsons, Tennessee (38363)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38363 (Parsons, 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: 24.3% 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 Parsons, TN (38363)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 38363 Parsons
Investors eyeing 38363 need to respect the fundamentals at play. Home values of $172K come alongside slower price movement and elevated management overhead.
Rent of $846/mo on a $172K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 38363 sits below the stated 0.0% once reality is priced in.
In the broader TN picture, 38363 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Turning to rents, 5,600 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Parsons's stable or hybrid ZIPs before stepping into 38363. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Parsons:
Market Trends
Home Value History (with trend line)
📊 How Does 38363 Compare?
| Metric | 38363 | Parsons | Tennessee |
|---|---|---|---|
| Home Value | $172,371 | $172,371 | $327,001 |
| 5-Year CAGR | 6.4% | 6.4% | 7.7% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 3.8% | 3.8% | - |
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 38363 (Parsons, TN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 38363 (Parsons, TN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $172,371 |
| Monthly Rent | $846 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +12.5% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (3.8%). 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 38363
Population: 5,600
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 38363
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.
Frequently Asked Questions
What is the smart move for investors in Parsons, TN?
Most investors in Parsons, 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.
Is Parsons, TN a smart market for rental property?
The 3.0/5 investability rating in Parsons, TN reflects its $172K prices and $846/mo rents. Investors generally consider it a solid option within TN.
How do home values compare in Parsons, TN?
Homes in Parsons, TN typically sell near $172K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Are eviction rules reasonable in Parsons, TN?
For rental operators, Parsons, TN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How viable is house hacking in Parsons, TN?
The house hack math a challenging in Parsons, TN. Owner-occupant buyers benefit from the $846/mo rents and $172K home values.
You know 38363 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38363 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 38363 (Parsons)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 38363 (Parsons, TN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.