Real Estate Investing in Westport, Tennessee (38387)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38387 (Westport, TN)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 19.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.4 — hard to cash-flow at these prices.
• 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 Westport, TN (38387)?
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Market Analysis: 38387 Westport
ZIP 38387 in Westport, TN carries a durable set of headwinds. Home values near $280K and rents of $918/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 38387 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In practical terms, 38387 offers a low basis, the region around Westport has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 38387 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 38387 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 Westport:
Market Trends
Home Value History (with trend line)
📊 How Does 38387 Compare?
| Metric | 38387 | Westport | Tennessee |
|---|---|---|---|
| Home Value | $279,510 | $279,510 | $327,001 |
| 5-Year CAGR | N/A | N/A | 7.7% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 2.6% | 2.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38387 (Westport, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $279,510 |
| Monthly Rent | $918 |
| Price-to-Rent | 25.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +13.3% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (2.6%). 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 38387
Population: 331
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
Frequently Asked Questions
How much should I expect to pay for a home in Westport, TN?
Expect median prices around $280K in Westport, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Is rental property easy to operate in Westport, TN?
Landlord-friendliness in Westport, TN is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How do experienced investors play Westport, TN?
The best-fit strategy in Westport, TN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Do landlords face vacancy issues in Westport, TN?
Expect elevated vacancy in Westport, TN. Rents at $918/mo are absorbed by the tenant base without meaningful lag.
Does house hacking work in Westport, TN?
House hacking in Westport, TN is reasonable to execute. Prices around $280K and rents of $918/mo solid owner-occupant economics.
You know 38387 now. You don’t know where it ranks.
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