Real Estate Investing in Collinwood, Tennessee (38450)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38450 (Collinwood, 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: 17.9% of homes vacant — above national norms.
- Elevated poverty: 23.9% poverty rate — can affect rent collection.
- Lower household income: $35,694 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Collinwood, TN (38450)?
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Market Analysis: 38450 Collinwood
ZIP 38450 in Collinwood, TN carries a robust set of headwinds. Home values near $154K and rents of $837/mo sit inside a market where underwriting has to be tight.
On balance, the numbers look inviting — $154K purchase price, 0.0% nominal cap — the work to hit that pro forma in 38450 is substantial and deserves full respect.
Regionally, 38450 sits on the difficult end of the TN spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 38450 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. resilient returns are possible in 38450, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Collinwood:
Market Trends
Home Value History (with trend line)
📊 How Does 38450 Compare?
| Metric | 38450 | Collinwood | Tennessee |
|---|---|---|---|
| Home Value | $153,700 | $153,700 | $327,001 |
| 5-Year CAGR | 7.1% | 7.1% | 7.7% |
| Avg Rent | $837 | $837 | - |
| 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 38450 (Collinwood, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $153,700 |
| 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 | 11.3% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 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 (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 38450
Population: 2,633
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 38450
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
How does Collinwood, TN stack up for property investment?
Collinwood, TN reflects an investability rating of 3.0/5, with median home values near $154K and average rents around $837/mo. That combination puts it in the sturdy tier for investor interest.
What is the average monthly rent in Collinwood, TN?
Rent in Collinwood, TN is around $837/mo. The resulting rent-to-value relationship with $154K pricing is reasonable for most investor models.
What is the typical vacancy rate in Collinwood, TN?
Collinwood, TN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Are renters plentiful in Collinwood, TN?
Working renters make up the core of the Collinwood, TN tenant base. The pool is reasonable for investors targeting long-term holds.
How expensive is real estate in Collinwood, TN?
The median home value in Collinwood, TN is roughly $154K. That puts it reasonable relative to the TN statewide average.
You know 38450 now. You don’t know where it ranks.
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