Gross rental yield of 7.85% — ranked #25 of 167 Tennessee ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +1.7% | +27.4% |
| Market rent | +5.3% | — |
Metro: Memphis, TN-MS-AR · County: Shelby County · Annual rent: $19,500
Similar home values, sorted by yield — the cheapest way to see if 38053 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 37914 | Knoxville | TN | $258,455 | $1,587 | 7.37% | 13.6 | +0.1% |
| 37411 | Chattanooga | TN | $237,342 | $1,432 | 7.24% | 13.8 | -2.7% |
| 37311 | Cleveland | TN | $257,560 | $1,438 | 6.70% | 14.9 | +1.1% |
| 38104 | Memphis | TN | $257,941 | $1,273 | 5.92% | 16.9 | -5.8% |
| 37643 | Elizabethton | TN | $237,703 | $1,067 | 5.38% | 18.6 | -0.7% |
| 37743 | Greeneville | TN | $253,141 | $1,085 | 5.14% | 19.4 | +3.5% |
| 37748 | Harriman | TN | $246,082 | $1,043 | 5.09% | 19.7 | +5.4% |
| 37110 | McMinnville | TN | $258,350 | $1,000 | 4.64% | 21.5 | +1.7% |
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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