Real Estate Investing in Frankewing, Tennessee (38459)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38459 (Frankewing, 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: 30.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.9 — 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 Frankewing, TN (38459)?
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Market Analysis: 38459 Frankewing
ZIP 38459 inside Lincoln County looks affordable on the surface — median value of $317K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 38459 is durable only for operators who understand what they are buying. A $317K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 38459 and stronger Frankewing ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A impressive renter share of 15% in 38459 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Frankewing:
Market Trends
Home Value History (with trend line)
📊 How Does 38459 Compare?
| Metric | 38459 | Frankewing | Tennessee |
|---|---|---|---|
| Home Value | $317,460 | $317,460 | $327,001 |
| 5-Year CAGR | N/A | N/A | 7.7% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 2.1% | 2.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38459 (Frankewing, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $317,460 |
| Monthly Rent | $855 |
| Price-to-Rent | 30.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 4.4% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 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 (2.1%). 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 38459
Population: 497
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
Is Frankewing, TN a friendly market for rental owners?
For rental operators, Frankewing, TN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is the tenant base reliable in Frankewing, TN?
The renter base in Frankewing, TN is reasonable for the $855/mo price point. Screening well and pricing to market typically yields stable tenants.
How do experienced investors play Frankewing, TN?
The best-fit strategy in Frankewing, TN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Can I live-in-and-rent in Frankewing, TN?
House hacking in Frankewing, TN is a challenging. With home values around $317K and rents at $855/mo, owner-occupants can offset a meaningful share of PITI.
What is the typical home price in Frankewing, TN?
In Frankewing, TN the median home value sits at $317K. Against the broader TN market, that reads as reasonable for most investors.
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