Real Estate Investing in Summertown, Tennessee (38483)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38483 (Summertown, 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: 15.0% 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 Summertown, TN (38483)?
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Market Analysis: 38483 Summertown
The 38483 ZIP in Summertown, TN is a local-operator market. Outside capital chasing a $303K entry has to pair deep knowledge with the discount.
For an experienced owner, 38483 can be a a viable market for hunting ground — but the discount at $303K reflects genuine risk that outside investors often underestimate.
In the broader TN picture, 38483 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 38483 includes headwinds that any investor should price in. Income distribution skews lower than Summertown averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 38483 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 Summertown:
Market Trends
Home Value History (with trend line)
📊 How Does 38483 Compare?
| Metric | 38483 | Summertown | Lawrenceburg, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $302,993 | $302,993 | N/A | $327,001 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.7% |
| Avg Rent | $1,197 | $1,197 | N/A | - |
| 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 38483 (Summertown, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $302,993 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +9.3% ▲ |
🏠 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 (3.1%). 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 38483
Population: 7,133
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 38483
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
What monthly rent should investors expect in Summertown, TN?
Rents in Summertown, TN run near $1,197/mo. Compared with median home prices of $303K that produces solid gross yields for typical rentals.
How do experienced investors play Summertown, TN?
Summertown, TN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($303K prices, $1,197/mo rents) make it a reasonable choice.
Are homes affordable in Summertown, TN?
Expect median prices around $303K in Summertown, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Can owner-occupants cash flow in Summertown, TN?
House hacking in Summertown, TN is a challenging. With home values around $303K and rents at $1,197/mo, owner-occupants can offset a meaningful share of PITI.
Is TN a landlord-friendly state?
TN law landlord-friendly for landlords, and Summertown inherits those rules. Investors should still review local ordinances for rental licensing.
You know 38483 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38483 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 38483 ranks in Lawrenceburg, TN
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