Real Estate Investing in Leoma, Tennessee (38468)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38468 (Leoma, 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.
- Elevated vacancy: 11.6% 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 Leoma, TN (38468)?
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Market Analysis: 38468 Leoma
ZIP 38468 in Leoma, TN carries a sturdy set of headwinds. Home values near $268K and rents of $1,044/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 38468 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 38468 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 38468 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.
Strategically, 38468 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 Leoma:
Market Trends
Home Value History (with trend line)
📊 How Does 38468 Compare?
| Metric | 38468 | Leoma | Lawrenceburg, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $268,170 | $268,170 | N/A | $327,001 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.7% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38468 (Leoma, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $268,170 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +11.4% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (3.0%). 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 38468
Population: 5,442
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 38468
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
Does house hacking work in Leoma, TN?
House hacking works a challenging in Leoma, TN. Rents of $1,044/mo against $268K acquisition make the strategy solid for owner-occupants.
Does Leoma, TN favor landlords or tenants?
Rental owners in Leoma, TN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How strong is tenant demand in Leoma, TN?
Leoma, TN draws a even-keeled base of working renters. Demand at the $1,044/mo rent level is reasonable for standard single-family and small multi rentals.
What approach is best for Leoma, TN real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Leoma, TN. The numbers - $268K homes against $1,044/mo rents - support that play.
What is the median home value in Leoma, TN?
Typical homes in Leoma, TN go for around $268K. The 5-year CAGR of 0.0% predictable price movement.
You know 38468 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38468 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 38468 ranks in Lawrenceburg, TN
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