Explore available listings and evaluate market performance.
Cookeville, TN Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,488
Monthly Cash Flow
-$291
Principal + Equity
$2,203
Annual Total Gain
$22,938
Cash on Cash
-4.44%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$145
Occupancy Rate
53.57%
Monthly Revenue
$1,790
Monthly Cash Flow
-$257
Principal + Equity
$2,203
Annual Total Gain
$23,342
Cash on Cash %
-3.93%
Net ROI %
Market Health & Growth
Median Income
$48,501
Population
35,544
LTR Renter %
58.8%
Forecast (1 yr)
2.35%
Appreciation (1 yr)
1.27%
Appreciation (5 yr)
48.18%
Appreciation (10 yr)
105.74%
Job Growth
3.79%
LTR Rentability
Very High
STR Demand
46
STR Rentals
154
Top Public Schools
BCapshaw Elementary School
BAlgood Elementary School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Places to Raise a Family in Tennessee
#67out of 233 markets
Best Places for Young Professionals in Tennessee
#58out of 233 markets
Places with the Best Public Schools in Tennessee
#42out of 202 markets
B
Public School
C
Crime And Safety
C
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Cookeville, TN.
In Cookeville, TN, Short Term Rentals (STRs) are regulated by the city's zoning ordinances. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: Cookeville has specific zoning districts where STRs are allowed. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Permitting Requirements: Property owners must obtain a permit from the city in order to operate an STR. The permit application process typically involves submitting documentation such as proof of insurance, a site plan, and a floor plan of the property.
3. Occupancy Limits: Cookeville has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they comply with them.
4. Noise and Nuisance Regulations: Cookeville has regulations in place to address noise and other nuisances caused by STRs. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
5. Taxation: Property owners who operate STRs in Cookeville are required to collect and remit occupancy taxes to the city. Investors should be aware of their tax obligations and ensure that they are in compliance with local tax laws.
6. Homeowner's Association Restrictions: If the property is located in a neighborhood with a homeowner's association, investors should review the association's rules and regulations regarding STRs. Some associations may have restrictions or prohibitions on short term rentals.
Overall, investors looking to purchase a property for Short Term Rental purposes in Cookeville, TN should thoroughly research and understand the local regulations and requirements to ensure a successful and compliant investment.
Market Trends Over Time
Explore 25 years of market data for Cookeville, TN, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Cookeville, TN.
The LTR Genie Score of Cookeville, TN is 85 and STR Genie Score is 60, indicating a very high and high rating respectively. The high LTR Genie Score can be attributed to the very high LTR Rentability and the impressive LTR Net ROI of 29.17%. On the other hand, the STR Genie Score is slightly lower due to the moderate STR Occupancy rate of 53.57% and the lower STR Net ROI of 29.68%.
Cookeville, TN is a growing city located in the heart of Tennessee, known for its affordable cost of living, strong job market, and vibrant community. With a 1-Year Price Appreciation Forecast of 2.35%, the market shows potential for long-term growth.
Based on the metrics provided, Cookeville, TN appears to be an attractive market for long-term rental investment due to its high LTR Genie Score and strong rental demand. However, investors may also consider exploring short-term rental opportunities, although the STR Genie Score is slightly lower. Ultimately, a diversified investment strategy that includes both long-term and short-term rentals could be beneficial in maximizing returns in Cookeville, TN's real estate market.
LTR Genie Score 93
$165,000
🛏 4 Beds🛁 2.0000 Baths🏙 1,416 sqft.🏠 SINGLE FAMILY