Real Estate Investing in Allons, Tennessee (38541)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38541 (Allons, TN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
- Lower household income: $38,000 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Allons, TN (38541)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 38541 Allons
Not every below-median market is a bargain. Allons's 38541 ZIP records signals that favor experienced operators who can absorb the risk $253K pricing implies.
Turning to rents, the numbers look inviting — $253K purchase price, 0.0% nominal cap — the work to hit that pro forma in 38541 is substantial and deserves full respect.
ZIP 38541's metrics run below Overton County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 38541 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 38541 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Allons:
Market Trends
Home Value History (with trend line)
📊 How Does 38541 Compare?
| Metric | 38541 | Allons | Cookeville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $252,621 | $252,621 | N/A | $327,001 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 7.7% |
| Avg Rent | $1,098 | $1,098 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 38541 (Allons, TN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 38541 (Allons, TN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $252,621 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 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 (3.4%). 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 38541
Population: 1,584
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 38541
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 819 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are there empty rentals in Allons, TN?
Vacancy in Allons, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,098/mo.
Where do rents currently stand in Allons, TN?
The typical rental in Allons, TN commands about $1,098/mo monthly. That rent profile stable cash flow against the $253K purchase basis.
How do home values compare in Allons, TN?
In Allons, TN the median home value sits at $253K. Against the broader TN market, that reads as reasonable for most investors.
How do landlord-tenant laws work in Allons, TN?
TN ranks as a landlord-friendly state for landlord-tenant law. Allons generally follows the statewide framework, so landlords face reasonable operating rules.
How should investors approach Allons, TN?
In Allons, TN the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $253K prices and $1,098/mo rents suits that approach.
You know 38541 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38541 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 38541 ranks in Cookeville, TN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 38541 (Allons)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 38541 (Allons, TN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.