Gross rental yield of 5.05% — ranked #108 of 167 Tennessee ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +0.0% | +29.3% |
| Market rent | -0.6% | +19.4% |
Metro: Clarksville, TN-KY · County: Montgomery County · Annual rent: $15,576
Similar home values, sorted by yield — the cheapest way to see if 37040 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 38068 | Somerville | TN | $307,621 | $2,051 | 8.00% | 12.5 | +3.9% |
| 37701 | Alcoa | TN | $313,481 | $1,883 | 7.21% | 13.9 | +1.2% |
| 38135 | Bartlett | TN | $302,608 | $1,815 | 7.20% | 13.9 | -0.5% |
| 38119 | Memphis | TN | $297,309 | $1,651 | 6.66% | 15.0 | -1.6% |
| 37323 | Cleveland | TN | $307,218 | $1,677 | 6.55% | 15.3 | +2.2% |
| 37388 | Tullahoma | TN | $300,639 | $1,573 | 6.28% | 15.9 | +3.6% |
| 37160 | Shelbyville | TN | $315,537 | $1,573 | 5.98% | 16.7 | +1.5% |
| 38501 | Cookeville | TN | $305,966 | $1,500 | 5.88% | 17.0 | +2.2% |
Top rental yields in all of Tennessee →
Screening more than one ZIP? Get every Tennessee ZIP and all 49 other states at once. CSV, opens in Excel / Sheets / pandas. 13 columns incl. metro, county, price-to-rent, 1y & 5y value and rent growth.
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