Real Estate Investing in Iron City, Tennessee (38463)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38463 (Iron City, TN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Iron City, TN (38463)?
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Market Analysis: 38463 Iron City
ZIP 38463 in Iron City, TN carries a durable set of headwinds. Home values near $209K and rents of $891/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 38463 can be a a credible choice for hunting ground — but the discount at $209K reflects genuine risk that outside investors often underestimate.
Regionally, 38463 sits on the difficult end of the TN spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 38463 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 38463 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 Iron City:
Market Trends
Home Value History (with trend line)
📊 How Does 38463 Compare?
| Metric | 38463 | Iron City | Lawrenceburg, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $208,803 | $208,803 | N/A | $327,001 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.7% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38463 (Iron City, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $208,803 |
| Monthly Rent | $891 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (3.3%). 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 38463
Population: 2,857
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
Frequently Asked Questions
What is the average monthly rent in Iron City, TN?
Expect rents around $891/mo per month in Iron City, TN. With home values at $209K, the yield math works out to reasonable levels for rental investors.
What is the tenant pool like in Iron City, TN?
Expect a solid tenant pool in Iron City, TN. The rental market absorbs $891/mo rents without meaningful friction.
Should investors worry about vacancy in Iron City, TN?
Vacancy in Iron City, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $891/mo.
Is rental property easy to operate in Iron City, TN?
The landlord environment in Iron City, TN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Iron City, TN a good market for buy-and-hold investors?
Our data puts Iron City, TN at 3.0/5 for investability. Home prices of $209K and rents around $891/mo create a solid backdrop for investor activity.
You know 38463 now. You don’t know where it ranks.
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How 38463 ranks in Lawrenceburg, TN
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