RentYield Atlas

ZIP 38002 — Lakeland, TN: rental yield & market data

Gross rental yield of 6.09% — ranked #63 of 167 Tennessee ZIP codes. June 2026 data.

Gross rental yield
6.09%
Home value
$413,569
Market rent / mo
$2,101
Price-to-rent
16.4

Trend

Metric1-year change5-year change
Home value-1.9% +17.4%
Market rent+0.1% +22.6%

Metro: Memphis, TN-MS-AR · County: Shelby County · Annual rent: $25,212

Comparable ZIP codes in Tennessee

Similar home values, sorted by yield — the cheapest way to see if 38002 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
37803MaryvilleTN$418,156$2,1126.06%16.5+1.7%
37801MaryvilleTN$406,716$1,8975.60%17.9+2.3%
37167SmyrnaTN$407,396$1,6954.99%20.0-0.9%
37876SeviervilleTN$414,580$1,7034.93%20.3-0.8%
37923KnoxvilleTN$410,636$1,6734.89%20.5+0.4%
37072GoodlettsvilleTN$410,762$1,6614.85%20.6-1.1%
37076NashvilleTN$407,029$1,4684.33%23.1-2.4%
37408ChattanoogaTN$411,141$1,4744.30%23.2-1.4%

Top rental yields in all of Tennessee →

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