Real Estate Investing in Hohenwald, Tennessee (38461)
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Should you buy in 38461 (Hohenwald, 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: 14.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.0 — 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 Hohenwald, TN (38461)?
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Market Analysis: 38461 Hohenwald
Investors eyeing 38461 need to respect the fundamentals at play. Home values of $373K come alongside slower price movement and elevated management overhead.
The 38461 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 38461 sits on the difficult end of the TN spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
From an investor standpoint, 1,176 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 38461 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Hohenwald:
Market Trends
Home Value History (with trend line)
📊 How Does 38461 Compare?
| Metric | 38461 | Hohenwald | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $373,121 | $310,104 | N/A | $327,001 |
| 5-Year CAGR | 4.9% | 5.9% | N/A | 7.7% |
| Avg Rent | $1,197 | $1,035 | N/A | - |
| Cap Rate | 2.5% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38461 (Hohenwald, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $373,121 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 26.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 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 (2.5%). 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 38461
Population: 1,176
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 38461
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 2,149 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Hohenwald, TN?
Hohenwald, TN median home values land near $373K. That is reasonable territory for investors looking at $1,197/mo-per-month rentals.
Is Hohenwald, TN good for landlords?
Hohenwald, TN operates under TN law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
What is the typical renter like in Hohenwald, TN?
The renter base in Hohenwald, TN is reasonable for the $1,197/mo price point. Screening well and pricing to market typically yields measured tenants.
What are vacancy rates like in Hohenwald, TN?
Hohenwald, TN carries elevated vacancy risk. Expect steady absorption at market rents of $1,197/mo.
Is Hohenwald, TN good for house hacking?
Hohenwald, TN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,197/mo rent level.
You know 38461 now. You don’t know where it ranks.
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How 38461 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
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