Real Estate Investing in Dyer, Tennessee (38330)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38330 (Dyer, TN)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.3% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Dyer, TN (38330)?
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Market Analysis: 38330 Dyer
Investors eyeing 38330 need to respect the fundamentals at play. Home values of $154K come alongside slower price movement and elevated management overhead.
For an experienced owner, 38330 can be a a credible choice for hunting ground — but the discount at $154K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 38330 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 38330 includes headwinds that any investor should price in. Income distribution skews lower than Dyer averages, and tenant stability requires active management.
New investors are better served looking at Dyer's stable or hybrid ZIPs before stepping into 38330. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Dyer:
Market Trends
Home Value History (with trend line)
📊 How Does 38330 Compare?
| Metric | 38330 | Dyer | Jackson, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $153,582 | $153,582 | N/A | $327,001 |
| 5-Year CAGR | 4.0% | 4.0% | N/A | 7.7% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38330 (Dyer, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $153,582 |
| Monthly Rent | $837 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.3% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (4.3%). 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 38330
Population: 3,938
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 38330
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
Investor Insight: With 2,085 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Dyer, TN a good place for real estate investing?
Yes - Dyer, TN a 3.0/5 investability score. With $154K home prices against $837/mo monthly rent, the market delivers a reasonable entry point for new investors.
How high is vacancy risk in Dyer, TN?
Vacancy risk in Dyer, TN is elevated. That supports consistent cash flow for typical rental holds.
How should investors approach Dyer, TN?
In Dyer, TN the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $154K prices and $837/mo rents suits that approach.
How much does a house cost in Dyer, TN?
In Dyer, TN the median home value sits at $154K. Against the broader TN market, that reads as reasonable for most investors.
What is the renter demographic in Dyer, TN?
Dyer, TN offers a steady renter base at the $837/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 38330 now. You don’t know where it ranks.
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How 38330 ranks in Jackson, TN
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