Real Estate Investing in Gilt Edge, Tennessee (38015)
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Should you buy in 38015 (Gilt Edge, TN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Gilt Edge, TN (38015)?
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Market Analysis: 38015 Gilt Edge
Not every below-median market is a bargain. Gilt Edge's 38015 ZIP clocks in at signals that favor experienced operators who can absorb the risk $237K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 38015 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 38015 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 38015 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 38015 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 Gilt Edge:
Market Trends
Home Value History (with trend line)
📊 How Does 38015 Compare?
| Metric | 38015 | Gilt Edge | Memphis, TN-MS-AR | Tennessee |
|---|---|---|---|---|
| Home Value | $236,506 | $236,506 | N/A | $327,001 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.7% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38015 (Gilt Edge, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $236,506 |
| Monthly Rent | $954 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (3.2%). 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 38015
Population: 2,213
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 much should I expect to pay for a home in Gilt Edge, TN?
Typical homes in Gilt Edge, TN go for around $237K. The 5-year CAGR of 0.0% steady price movement.
Which investment style suits Gilt Edge, TN?
A careful cash-flow rentals with hands-on management strategy Gilt Edge, TN best. The market produces consistent results for that approach at the $237K price point.
How much rent can I charge in Gilt Edge, TN?
Rents in Gilt Edge, TN run near $954/mo. Compared with median home prices of $237K that produces solid gross yields for typical rentals.
Is Gilt Edge, TN suited for a house hack?
For house hackers, Gilt Edge, TN is a challenging. The $954/mo rent on a unit helps defray the mortgage on a $237K property.
Are eviction rules reasonable in Gilt Edge, TN?
For rental operators, Gilt Edge, TN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 38015 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38015 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 38015 ranks in Memphis, TN-MS-AR
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