Real Estate Investing in Pulaski, Tennessee (38478)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38478 (Pulaski, 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: 18.6% of homes vacant — above national norms.
What’s happening in Pulaski, TN (38478)?
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Market Analysis: 38478 Pulaski
Investors eyeing 38478 need to respect the fundamentals at play. Home values of $247K come alongside slower price movement and elevated management overhead.
Turning to rents, the numbers look inviting — $247K purchase price, 0.0% nominal cap — the work to hit that pro forma in 38478 is substantial and deserves full respect.
The gap between 38478 and stronger Pulaski ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
From a cash-flow lens, 18,756 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Pulaski's stable or hybrid ZIPs before stepping into 38478. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Pulaski:
Property Strategy for 38478
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $165,195 | $990 | 4.3% | +11.7% | $82,597 |
| 3BR | $258,729 | $1,190 | 3.3% | +11.2% | $86,243 |
| 4BR | $340,208 | $1,380 | 2.9% | +10.4% | $85,052 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 38478 Compare?
| Metric | 38478 | Pulaski | Tennessee |
|---|---|---|---|
| Home Value | $247,107 | $247,107 | $327,001 |
| 5-Year CAGR | 6.4% | 6.4% | 7.7% |
| Avg Rent | $1,226 | $1,226 | - |
| Cap Rate | 3.9% | 3.9% | - |
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 38478 (Pulaski, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $247,107 |
| Monthly Rent | $1,226 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (3.9%). 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 38478
Population: 18,756
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 38478
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 561 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in Pulaski, TN?
Pulaski, TN home values average about $247K. That price point suits investors targeting rentals with $1,226/mo in monthly income.
Should investors consider Pulaski, TN?
Our data puts Pulaski, TN at 3.0/5 for investability. Home prices of $247K and rents around $1,226/mo create a solid backdrop for investor activity.
What is the tenant pool like in Pulaski, TN?
Pulaski, TN offers a measured renter base at the $1,226/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does Pulaski, TN favor landlords or tenants?
TN law landlord-friendly for landlords, and Pulaski inherits those rules. Investors should still review local ordinances for rental licensing.
What monthly rent should investors expect in Pulaski, TN?
Rent in Pulaski, TN is around $1,226/mo. The resulting rent-to-value relationship with $247K pricing is reasonable for most investor models.
You know 38478 now. You don’t know where it ranks.
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