Real Estate Investing in Ethridge, Tennessee (38456)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38456 (Ethridge, TN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.5 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ethridge, TN (38456)?
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Market Analysis: 38456 Ethridge
The 38456 ZIP in Ethridge, TN is a local-operator market. Outside capital chasing a $282K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 38456 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Ethridge have seen price recovery that 38456 has not matched. Lawrence County data supports the view that the spread is structural rather than temporary.
Demographically, 38456 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 38456 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Ethridge:
Market Trends
Home Value History (with trend line)
📊 How Does 38456 Compare?
| Metric | 38456 | Ethridge | Lawrenceburg, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $282,370 | $282,370 | N/A | $327,001 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.7% |
| Avg Rent | $855 | $855 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38456 (Ethridge, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $282,370 |
| Monthly Rent | $855 |
| Price-to-Rent | 27.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +11.3% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 (2.4%). 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 38456
Population: 4,600
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 38456
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
Frequently Asked Questions
How do home values compare in Ethridge, TN?
In Ethridge, TN the median home value sits at $282K. Against the broader TN market, that reads as reasonable for most investors.
What real estate strategy is ideal for Ethridge, TN?
Ethridge, TN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($282K prices, $855/mo rents) make it a reasonable choice.
How quickly do rentals get leased in Ethridge, TN?
Ethridge, TN carries elevated vacancy risk. Expect stable absorption at market rents of $855/mo.
Is Ethridge, TN a friendly market for rental owners?
Ethridge, TN falls under TN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What kind of tenants rent in Ethridge, TN?
Ethridge, TN offers a consistent renter base at the $855/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 38456 now. You don’t know where it ranks.
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How 38456 ranks in Lawrenceburg, TN
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