Gross rental yield of 8.0% — ranked #22 of 167 Tennessee ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +3.9% | +29.5% |
| Market rent | — | — |
Metro: Memphis, TN-MS-AR · County: Fayette County · Annual rent: $24,612
Similar home values, sorted by yield — the cheapest way to see if 38068 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 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% |
| 37040 | Clarksville | TN | $308,250 | $1,298 | 5.05% | 19.8 | +0.0% |
Top rental yields in all of Tennessee →
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