Gross rental yield of 15.01% — ranked #4 of 167 Tennessee ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -8.1% | +4.7% |
| Market rent | +4.6% | — |
Metro: Memphis, TN-MS-AR · County: Shelby County · Annual rent: $14,064
Similar home values, sorted by yield — the cheapest way to see if 38109 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 38114 | Memphis | TN | $74,551 | $984 | 15.84% | 6.3 | -8.5% |
| 38108 | Memphis | TN | $73,235 | $965 | 15.82% | 6.3 | -6.9% |
| 38127 | Memphis | TN | $90,129 | $1,085 | 14.44% | 6.9 | -7.2% |
| 38107 | Memphis | TN | $113,109 | $1,246 | 13.22% | 7.6 | -5.3% |
| 38112 | Memphis | TN | $127,447 | $1,302 | 12.26% | 8.2 | -10.8% |
| 38105 | Memphis | TN | $114,070 | $1,115 | 11.73% | 8.5 | -6.1% |
| 38118 | Memphis | TN | $126,840 | $1,225 | 11.59% | 8.6 | -0.3% |
| 38122 | Memphis | TN | $126,235 | $1,159 | 11.02% | 9.1 | -3.5% |
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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