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Market MapTennesseeWashington

Washington County

TennesseePopulation: 133,282
52
/100
Hold
#0 of 0 counties
#55 in Tennessee (95 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated May 11, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$304,282
Median Home Price
0% below national median
$1,441/mo
Median Rent
0% below national median
5.68%
Rent-to-Price Ratio
Top 50% nationally
-$658
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Scenario comparison

Same $1,441/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.
ScenarioPurchase priceMonthly cash flowCap rateCash-on-cash
75% of median
value-add or distressed
$228,212-$259/mo4.9%-5.9%
Median
typical MLS deal
$304,282-$658/mo3.7%-11.3%
125% of median
newer / premium
$380,353-$1,056/mo3.0%-14.5%

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$304,282
Down Payment (20%)$60,856
Loan Amount$243,426
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,441
Monthly P&I-$1,595
Est. Expenses (35%)-$504
Net Cash Flow-$658/mo
3.7%
Cap Rate (all cash)
-11.3%
Cash-on-Cash Return
5.68%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.7% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
52/100
52
Cash Flow(30%)
55/100

Based on 5.68% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
48/100

Based on -0.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
52/100

Price-to-income ratio of 5.2x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Complete rent data available

Challenges

  • -Declining home values (-0.4% YoY)
  • -Negative cash flow at typical financing (-$658/mo)
  • -Negative leverage (cap rate 3.7% < mortgage rate 6.9%)

Economic Indicators

Population
133,282
Median Income
$58,507
vs $0 national est.
Unemployment Rate
—
Data pending
Price-to-Income
5.2x
Less affordable

Who this market fits

Best for
  • +All-cash buyers: removing debt service flips the cap rate to actual yield
Skip if
  • −You need positive cash flow on day one at typical leverage
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)
  • −You expect appreciation to carry the deal, but prices have declined year over year

Compare to Nearby Counties

CountyVerdict
CurrentWashingtonTN
52$304,282$1,4415.68%Hold
SequatchieTN
52$276,009Est. pending—HoldView
BlountTN
52$380,434$1,7165.41%HoldView
RobertsonTN
51$366,187$1,6885.53%HoldView
MontgomeryTN
51$318,518$1,3865.22%HoldView
BradleyTN
51$310,113$1,3325.15%HoldView

The Bottom Line

HoldWashington is a neutral market. Consider house hacking or targeting below-market deals.

Washington County in Tennessee scores 52/100, ranking #0 of 0 US counties (top 50%). At 20% down and current rates, a median-priced rental loses about $658/month; the 5.68% gross rent-to-price ratio doesn't survive debt service. The thesis here is appreciation, value-add, house hacking, or all-cash.

Monthly Cash Flow
$-658/mo
Cap Rate
3.7%
Cash-on-Cash
-11.3%

Related markets

Markets like Washington with stronger cash flow

  • Robertson County for cash-flow rentals
  • Blount County for cash-flow rentals
  • Montgomery County for cash-flow rentals

Cheaper alternatives to Washington

  • Sequatchie County, lower entry price

Head-to-head comparisons

  • Washington vs Sequatchie for rentals
  • Washington vs Blount for rentals
  • Washington vs Robertson for rentals
All counties in Tennessee →

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