Gross rental yield of 6.36% — ranked #55 of 167 Tennessee ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -1.9% | +15.7% |
| Market rent | -0.9% | +15.2% |
Metro: Memphis, TN-MS-AR · County: Shelby County · Annual rent: $18,912
Similar home values, sorted by yield — the cheapest way to see if 38016 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 37921 | Knoxville | TN | $296,193 | $1,768 | 7.16% | 14.0 | +1.4% |
| 38018 | Cordova | TN | $293,665 | $1,700 | 6.95% | 14.4 | -2.8% |
| 38119 | Memphis | TN | $297,309 | $1,651 | 6.66% | 15.0 | -1.6% |
| 37388 | Tullahoma | TN | $300,639 | $1,573 | 6.28% | 15.9 | +3.6% |
| 37814 | Morristown | TN | $291,827 | $1,462 | 6.01% | 16.6 | +5.0% |
| 37042 | Clarksville | TN | $295,113 | $1,394 | 5.67% | 17.6 | -0.4% |
| 37416 | Chattanooga | TN | $294,325 | $1,328 | 5.41% | 18.5 | -1.3% |
| 37912 | Knoxville | TN | $295,604 | $1,228 | 4.99% | 20.1 | +1.3% |
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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