Real Estate Investing in Dellrose, Tennessee (38453)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38453 (Dellrose, 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: 34.0% of homes vacant — above national norms.
- Elevated poverty: 21.8% poverty rate — can affect rent collection.
- Higher unemployment: 10.0% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 28.1 — 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 Dellrose, TN (38453)?
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Market Analysis: 38453 Dellrose
ZIP 38453 inside Lincoln County looks affordable on the surface — median value of $334K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $334K asset, 38453 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader TN picture, 38453 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A healthy renter share of 32% in 38453 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 38453 is an operator game, not a passive one. From an investor standpoint, entry prices of $334K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Dellrose:
Market Trends
Home Value History (with trend line)
📊 How Does 38453 Compare?
| Metric | 38453 | Dellrose | Tennessee |
|---|---|---|---|
| Home Value | $333,852 | $333,852 | $327,001 |
| 5-Year CAGR | N/A | N/A | 7.7% |
| Avg Rent | $990 | $990 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38453 (Dellrose, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $333,852 |
| Monthly Rent | $990 |
| Price-to-Rent | 28.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 4.4% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 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 (2.3%). 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 38453
Population: 545
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
🎓 Nearby Colleges & Universities
Investor Insight: With 561 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in Dellrose, TN?
In Dellrose, TN the median home value sits at $334K. Against the broader TN market, that reads as reasonable for most investors.
What is the typical vacancy rate in Dellrose, TN?
Rental vacancy in Dellrose, TN is elevated. Investors should budget normal turnover but not chronic empty units.
How deep is the rental pool in Dellrose, TN?
Working renters make up the core of the Dellrose, TN tenant base. The pool is reasonable for investors targeting long-term holds.
How strict are landlord regulations in Dellrose, TN?
Dellrose, TN falls under TN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Can I house hack in Dellrose, TN?
House hacking in Dellrose, TN is a challenging. With home values around $334K and rents at $990/mo, owner-occupants can offset a meaningful share of PITI.
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