Real Estate Investing in Granville, Tennessee (38564)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38564 (Granville, 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: 36.3% of homes vacant — above national norms.
- Higher unemployment: 8.6% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 25.1 — hard to cash-flow at these prices.
- Lower household income: $37,326 median — tenant affordability is tighter.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Granville, TN (38564)?
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Market Analysis: 38564 Granville
ZIP 38564 in Granville, TN carries a sturdy set of headwinds. Home values near $252K and rents of $837/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 38564 can be a a viable market for hunting ground — but the discount at $252K reflects genuine risk that outside investors often underestimate.
Regionally, 38564 sits on the difficult end of the TN spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 38564 includes headwinds that any investor should price in. Income distribution skews lower than Granville averages, and tenant stability requires active management.
Distressed ZIPs reward experience. significant returns are possible in 38564, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Granville:
Market Trends
Home Value History (with trend line)
📊 How Does 38564 Compare?
| Metric | 38564 | Granville | Cookeville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $251,720 | $251,720 | N/A | $327,001 |
| 5-Year CAGR | 5.6% | 5.6% | 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 38564 (Granville, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $251,720 |
| Monthly Rent | $837 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 38564
Population: 435
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
Frequently Asked Questions
How does Granville, TN stack up for property investment?
Yes - Granville, TN a 3.0/5 investability score. With $252K home prices against $837/mo monthly rent, the market delivers a reasonable entry point for new investors.
Do landlords face vacancy issues in Granville, TN?
Expect elevated vacancy in Granville, TN. Rents at $837/mo are absorbed by the tenant base without meaningful lag.
What is the typical rental rate in Granville, TN?
Investors in Granville, TN typically see rents near $837/mo per month against $252K home values - a solid setup for rental cash flow.
What is the average home sale price in Granville, TN?
Expect median prices around $252K in Granville, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
What does house hacking look like in Granville, TN?
The a challenging house-hack environment in Granville, TN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 38564 now. You don’t know where it ranks.
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How 38564 ranks in Cookeville, TN
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