Real Estate Investing in Bloomington Springs, Tennessee (38545)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38545 (Bloomington Springs, 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: 13.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.3 — 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 Bloomington Springs, TN (38545)?
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Market Analysis: 38545 Bloomington Springs
ZIP 38545 inside Jackson County looks affordable on the surface — median value of $254K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 38545 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
From a cash-flow lens, 38545 offers a low basis, the region around Bloomington Springs has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 38545 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 38545 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 Bloomington Springs:
Market Trends
Home Value History (with trend line)
📊 How Does 38545 Compare?
| Metric | 38545 | Bloomington Springs | Cookeville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $254,056 | $254,056 | N/A | $327,001 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 7.7% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38545 (Bloomington Springs, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $254,056 |
| Monthly Rent | $837 |
| Price-to-Rent | 25.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 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 (2.6%). 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 38545
Population: 1,545
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
🎓 Nearby Colleges & Universities
Investor Insight: With 657 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Bloomington Springs, TN?
Homes in Bloomington Springs, TN typically sell near $254K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Is Bloomington Springs, TN a good market for FHA house hackers?
Bloomington Springs, TN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $837/mo rent level.
Is it easy to find good tenants in Bloomington Springs, TN?
The renter base in Bloomington Springs, TN is reasonable for the $837/mo price point. Screening well and pricing to market typically yields reliable tenants.
What is it like being a landlord in Bloomington Springs, TN?
TN ranks as a landlord-friendly state for landlord-tenant law. Bloomington Springs generally follows the statewide framework, so landlords face reasonable operating rules.
What real estate strategy is ideal for Bloomington Springs, TN?
For Bloomington Springs, TN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 38545 now. You don’t know where it ranks.
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How 38545 ranks in Cookeville, TN
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