Real Estate Investing in Primm Springs, Tennessee (38476)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38476 (Primm Springs, 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: 31.0% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 39.5 — 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 Primm Springs, TN (38476)?
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Market Analysis: 38476 Primm Springs
ZIP 38476 inside Maury County looks affordable on the surface — median value of $593K — 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 $593K asset, 38476 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 38476's metrics run below Maury County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 38476 ZIP's population of 1,240 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Experienced landlords with local relationships tend to find 38476 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Primm Springs:
Market Trends
Home Value History (with trend line)
📊 How Does 38476 Compare?
| Metric | 38476 | Primm Springs | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $592,503 | $592,503 | N/A | $327,001 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 7.7% |
| Avg Rent | $1,251 | $1,251 | N/A | - |
| Cap Rate | 1.7% | 1.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38476 (Primm Springs, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $592,503 |
| Monthly Rent | $1,251 |
| Price-to-Rent | 39.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.5% |
| Cap Rate | 1.7% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +9.7% ▲ |
🏠 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 (1.7%). 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 38476
Population: 1,240
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
How does Primm Springs, TN rate as a rental market?
Primm Springs, TN rates 3.0/5 for investability. With median values at $593K and rents near $1,251/mo, the market offers reasonable fundamentals for rental investors.
How strong is tenant demand in Primm Springs, TN?
Working renters make up the core of the Primm Springs, TN tenant base. The pool is reasonable for investors targeting long-term holds.
How much do tenants pay in Primm Springs, TN?
Expect rents around $1,251/mo per month in Primm Springs, TN. With home values at $593K, the yield math works out to reasonable levels for rental investors.
Is Primm Springs, TN good for landlords?
Primm Springs, TN falls under TN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is vacancy a concern in Primm Springs, TN?
Expect elevated vacancy in Primm Springs, TN. Rents at $1,251/mo are absorbed by the tenant base without meaningful lag.
You know 38476 now. You don’t know where it ranks.
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How 38476 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
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