Real Estate Investing in Pall Mall, Tennessee (38577)
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Should you buy in 38577 (Pall Mall, TN)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 12.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pall Mall, TN (38577)?
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Market Analysis: 38577 Pall Mall
The 38577 ZIP covers a section of Pall Mall that demands careful diligence. Prices near $235K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 38577 can be a worth a close look for hunting ground — but the discount at $235K reflects genuine risk that outside investors often underestimate.
Regionally, 38577 sits on the difficult end of the TN spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 38577 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 38577 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Pall Mall:
Market Trends
Home Value History (with trend line)
📊 How Does 38577 Compare?
| Metric | 38577 | Pall Mall | Tennessee |
|---|---|---|---|
| Home Value | $235,433 | $235,433 | $327,001 |
| 5-Year CAGR | N/A | N/A | 7.7% |
| Avg Rent | $1,026 | $1,026 | - |
| Cap Rate | 3.4% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38577 (Pall Mall, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $235,433 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 38577
Population: 1,315
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 strong is Pall Mall, TN for real estate investors?
Pall Mall, TN scores 2.0/5 for investability. Home values sit at $235K and rents near $1,026/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Can I live-in-and-rent in Pall Mall, TN?
House hacking in Pall Mall, TN is a challenging. With home values around $235K and rents at $1,026/mo, owner-occupants can offset a meaningful share of PITI.
What is the best play in Pall Mall, TN?
For Pall Mall, TN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What kind of vacancy should I budget for in Pall Mall, TN?
Pall Mall, TN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How do home values compare in Pall Mall, TN?
In Pall Mall, TN the median home value sits at $235K. Against the broader TN market, that reads as reasonable for most investors.
You know 38577 now. You don’t know where it ranks.
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