Real Estate Investing in Monroe, Tennessee (38573)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38573 (Monroe, 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: 23.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.7 — 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 Monroe, TN (38573)?
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Market Analysis: 38573 Monroe
This part of Overton County is not an easy win. The 38573 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 38573 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within TN, ZIP 38573 trails on several market indicators that neighboring Overton County submarkets outperform. The gap is real and healthy enough to shape underwriting.
The demographic picture in 38573 includes headwinds that any investor should price in. Income distribution skews lower than Monroe averages, and tenant stability requires active management.
New investors are better served looking at Monroe's stable or hybrid ZIPs before stepping into 38573. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Monroe:
Market Trends
Home Value History (with trend line)
📊 How Does 38573 Compare?
| Metric | 38573 | Monroe | Cookeville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $274,932 | $274,932 | N/A | $327,001 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.7% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38573 (Monroe, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $274,932 |
| Monthly Rent | $891 |
| Price-to-Rent | 25.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (2.5%). 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 38573
Population: 2,006
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 819 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Monroe, TN better for rentals, flips, or BRRRR?
Monroe, TN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($275K prices, $891/mo rents) make it a reasonable choice.
What kind of tenants rent in Monroe, TN?
Monroe, TN offers a predictable renter base at the $891/mo rent level. Tenant turnover is reasonable for well-managed properties.
How expensive is real estate in Monroe, TN?
Median home price in Monroe, TN is near $275K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Is Monroe, TN a good market for buy-and-hold investors?
Investors tracking Monroe, TN will find a 3.0/5 rating supported by $275K median home values and $891/mo rents. That profile suits long-term holders targeting consistent returns.
Are eviction rules reasonable in Monroe, TN?
For rental operators, Monroe, TN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 38573 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38573 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 38573 ranks in Cookeville, TN
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