Real Estate Investing in Wilder, Tennessee (38589)
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Should you buy in 38589 (Wilder, TN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
• 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 Wilder, TN (38589)?
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Market Analysis: 38589 Wilder
Not every below-median market is a bargain. Wilder's 38589 ZIP posts signals that favor experienced operators who can absorb the risk $232K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $232K asset, 38589 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 38589 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 38589 includes headwinds that any investor should price in. Income distribution skews lower than Wilder averages, and tenant stability requires active management.
The 38589 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Wilder:
Market Trends
Home Value History (with trend line)
📊 How Does 38589 Compare?
| Metric | 38589 | Wilder | Cookeville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $231,995 | $231,995 | N/A | $327,001 |
| 5-Year CAGR | N/A | N/A | N/A | 7.7% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38589 (Wilder, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $231,995 |
| Monthly Rent | $837 |
| Price-to-Rent | 23.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 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 (2.8%). 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 38589
Population: 476
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 Wilder, TN stack up for property investment?
Yes - Wilder, TN a 2.0/5 investability score. With $232K home prices against $837/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the typical renter like in Wilder, TN?
Tenant quality in Wilder, TN ranks as solid. Landlords generally report consistent occupancy at market rents of $837/mo.
What are rental rates like in Wilder, TN?
Average rent in Wilder, TN is approximately $837/mo per month. Against $232K home values that yields a reasonable rent-to-price ratio.
Is Wilder, TN a good market for FHA house hackers?
Wilder, TN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $232K price point reasonable to enter.
Are there empty rentals in Wilder, TN?
Vacancy in Wilder, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $837/mo.
You know 38589 now. You don’t know where it ranks.
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How 38589 ranks in Cookeville, TN
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