Gross rental yield of 7.71% — ranked #25 of 167 Tennessee ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -0.1% | +14.9% |
| Market rent | -0.9% | +22.2% |
Metro: Memphis, TN-MS-AR · County: Shelby County · Annual rent: $12,900
Similar home values, sorted by yield — the cheapest way to see if 38115 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 37406 | Chattanooga | TN | $184,488 | $1,688 | 10.98% | 9.1 | -0.1% |
| 38301 | Jackson | TN | $142,651 | $1,294 | 10.88% | 9.2 | -2.2% |
| 37410 | Chattanooga | TN | $158,830 | $1,437 | 10.86% | 9.2 | -6.3% |
| 38128 | Memphis | TN | $148,486 | $1,324 | 10.70% | 9.3 | -1.0% |
| 38261 | Union City | TN | $173,861 | $1,021 | 7.05% | 14.2 | +7.7% |
| 38116 | Memphis | TN | $158,556 | $914 | 6.92% | 14.5 | -1.0% |
| 38012 | Brownsville | TN | $168,194 | $932 | 6.65% | 15.0 | -1.9% |
| 38024 | Dyersburg | TN | $171,721 | $757 | 5.29% | 18.9 | -0.0% |
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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