Real Estate Investing in Lutts, Tennessee (38471)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38471 (Lutts, 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: 35.7% of homes vacant — above national norms.
- Elevated poverty: 54.0% poverty rate — can affect rent collection.
- Higher unemployment: 7.2% unemployment — tenant risk signal.
• 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 Lutts, TN (38471)?
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Market Analysis: 38471 Lutts
ZIP 38471 inside Wayne County looks affordable on the surface — median value of $210K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $210K asset, 38471 is the wrong submarket. If the plan prices in friction, the yield can still work.
Put differently, 38471 offers a low basis, the region around Lutts has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 38471 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 38471 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 Lutts:
Market Trends
Home Value History (with trend line)
📊 How Does 38471 Compare?
| Metric | 38471 | Lutts | Tennessee |
|---|---|---|---|
| Home Value | $210,137 | $210,137 | $327,001 |
| 5-Year CAGR | N/A | N/A | 7.7% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38471 (Lutts, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $210,137 |
| Monthly Rent | $837 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 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 (3.1%). 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 38471
Population: 200
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
Frequently Asked Questions
What are vacancy rates like in Lutts, TN?
Vacancy in Lutts, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $837/mo.
What strategy should investors use in Lutts, TN?
Investors usually favor careful cash-flow rentals with hands-on management in Lutts, TN. With home values at $210K and rents near $837/mo, other strategies can work but produce predictable rather than outsized returns.
How deep is the rental pool in Lutts, TN?
Expect a solid tenant pool in Lutts, TN. The rental market absorbs $837/mo rents without meaningful friction.
Is Lutts, TN landlord-friendly?
TN law landlord-friendly for landlords, and Lutts inherits those rules. Investors should still review local ordinances for rental licensing.
Is Lutts, TN a good place for real estate investing?
Lutts, TN stands at an investability rating of 2.0/5, with median home values near $210K and average rents around $837/mo. That combination puts it in the durable tier for investor interest.
You know 38471 now. You don’t know where it ranks.
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