Real Estate Investing in Gainesboro, Tennessee (38562)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38562 (Gainesboro, 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: 22.1% of homes vacant — above national norms.
- Lower household income: $39,402 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 Gainesboro, TN (38562)?
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Market Analysis: 38562 Gainesboro
Stepping back, ZIP 38562 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $212K median. It rewards specialists, not generalists.
The 38562 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Gainesboro have seen price recovery that 38562 has not matched. Jackson County data supports the view that the spread is structural rather than temporary.
Demographically, 38562 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 38562 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 Gainesboro:
Market Trends
Home Value History (with trend line)
📊 How Does 38562 Compare?
| Metric | 38562 | Gainesboro | Cookeville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $211,834 | $211,834 | N/A | $327,001 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.7% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 38562 (Gainesboro, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $211,834 |
| Monthly Rent | $837 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 38562
Population: 6,586
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 38562
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 657 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is vacancy a concern in Gainesboro, TN?
Expect elevated vacancy in Gainesboro, TN. Rents at $837/mo are absorbed by the tenant base without meaningful lag.
What do rentals go for in Gainesboro, TN?
Average rent in Gainesboro, TN is approximately $837/mo per month. Against $212K home values that yields a reasonable rent-to-price ratio.
What type of investing works in Gainesboro, TN?
Investors usually favor careful cash-flow rentals with hands-on management in Gainesboro, TN. With home values at $212K and rents near $837/mo, other strategies can work but produce steady rather than outsized returns.
Can I live-in-and-rent in Gainesboro, TN?
The house hack math a challenging in Gainesboro, TN. Owner-occupant buyers benefit from the $837/mo rents and $212K home values.
Is Gainesboro in TN worth investing in?
Investors tracking Gainesboro, TN will find a 3.0/5 rating supported by $212K median home values and $837/mo rents. That profile suits long-term holders targeting steady returns.
You know 38562 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38562 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 38562 ranks in Cookeville, TN
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