Real Estate Investing in Walling, Tennessee (38587)
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Should you buy in 38587 (Walling, 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 price-to-rent: Price-to-rent ratio 28.9 — hard to cash-flow at these prices.
- Lower household income: $36,816 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 Walling, TN (38587)?
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Market Analysis: 38587 Walling
The 38587 ZIP in Walling, TN is a local-operator market. Outside capital chasing a $290K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $290K asset, 38587 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 38587 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 38587 ZIP's population of 1,169 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Strategy in 38587 is an operator game, not a passive one. Turning to rents, entry prices of $290K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Walling:
Market Trends
Home Value History (with trend line)
📊 How Does 38587 Compare?
| Metric | 38587 | Walling | Tennessee |
|---|---|---|---|
| Home Value | $289,743 | $289,743 | $327,001 |
| 5-Year CAGR | 6.5% | 6.5% | 7.7% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38587 (Walling, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $289,743 |
| Monthly Rent | $837 |
| Price-to-Rent | 28.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (2.3%). 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 38587
Population: 1,169
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
Frequently Asked Questions
What do rentals go for in Walling, TN?
Rental rates in Walling, TN average $837/mo. Tenant demand and $290K home values make the yield look reasonable by investor standards.
How deep is the rental pool in Walling, TN?
The tenant pool in Walling, TN is solid, supported by local employment and population fundamentals. Rents of $837/mo are well-absorbed by the market.
Does Walling, TN make sense for an investment property?
With a 3.0/5 investability score, Walling, TN ranks as a solid market for rental property investors. Median prices of $290K and rents of $837/mo drive the underlying numbers.
How should investors approach Walling, TN?
Most investors in Walling, TN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the typical vacancy rate in Walling, TN?
Walling, TN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
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