Gross rental yield of 5.92% — ranked #75 of 167 Tennessee ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -5.8% | -5.0% |
| Market rent | -0.8% | +12.0% |
Metro: Memphis, TN-MS-AR · County: Shelby County · Annual rent: $15,276
Similar home values, sorted by yield — the cheapest way to see if 38104 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 37917 | Knoxville | TN | $261,869 | $1,746 | 8.00% | 12.5 | -0.8% |
| 37404 | Chattanooga | TN | $262,731 | $1,677 | 7.66% | 13.1 | +0.4% |
| 37914 | Knoxville | TN | $258,455 | $1,587 | 7.37% | 13.6 | +0.1% |
| 37311 | Cleveland | TN | $257,560 | $1,438 | 6.70% | 14.9 | +1.1% |
| 37412 | East Ridge | TN | $261,753 | $1,317 | 6.04% | 16.6 | -1.8% |
| 37745 | Greeneville | TN | $259,929 | $1,146 | 5.29% | 18.9 | +0.9% |
| 37743 | Greeneville | TN | $253,141 | $1,085 | 5.14% | 19.4 | +3.5% |
| 37110 | McMinnville | TN | $258,350 | $1,000 | 4.64% | 21.5 | +1.7% |
Top rental yields in all of Tennessee →
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