Real Estate Investing in Hohenwald, Tennessee (38462)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38462 (Hohenwald, TN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.2% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hohenwald, TN (38462)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 38462 Hohenwald
The 38462 ZIP in Hohenwald, TN is a local-operator market. Outside capital chasing a $247K entry has to pair deep knowledge with the discount.
The 38462 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 38462 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 38462 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 38462 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 Hohenwald:
Property Strategy for 38462
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $177,247 | $970 | 3.9% | +13.0% | $88,624 |
| 3BR | $264,989 | $1,350 | 3.7% | +12.2% | $88,330 |
| 4BR | $332,332 | $1,630 | 3.5% | +12.0% | $83,083 |
Market Trends
Home Value History (with trend line)
📊 How Does 38462 Compare?
| Metric | 38462 | Hohenwald | Tennessee |
|---|---|---|---|
| Home Value | $247,086 | $310,104 | $327,001 |
| 5-Year CAGR | 6.9% | 5.9% | 7.7% |
| Avg Rent | $873 | $1,035 | - |
| Cap Rate | 2.8% | 2.6% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38462 (Hohenwald, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $247,086 |
| Monthly Rent | $873 |
| Price-to-Rent | 23.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +10.2% ▲ |
🏠 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 (2.8%). 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 38462
Population: 10,268
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 38462
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 753 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Hohenwald, TN a good place for real estate investing?
Hohenwald, TN reflects an investability rating of 3.0/5, with median home values near $247K and average rents around $873/mo. That combination puts it in the impressive tier for investor interest.
What kind of tenants rent in Hohenwald, TN?
Tenant quality in Hohenwald, TN ranks as solid. Landlords generally report steady occupancy at market rents of $873/mo.
Which investment style suits Hohenwald, TN?
Investors usually favor careful cash-flow rentals with hands-on management in Hohenwald, TN. With home values at $247K and rents near $873/mo, other strategies can work but produce reliable rather than outsized returns.
What is the typical home price in Hohenwald, TN?
Homes in Hohenwald, TN typically sell near $247K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
What do landlords charge for rent in Hohenwald, TN?
Rent in Hohenwald, TN is around $873/mo. The resulting rent-to-value relationship with $247K pricing is reasonable for most investor models.
You know 38462 now. You don’t know where it ranks.
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