Gross rental yield of 6.52% — ranked #48 of 167 Tennessee ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -1.8% | +5.8% |
| Market rent | -1.0% | +19.7% |
Metro: Memphis, TN-MS-AR · County: Shelby County · Annual rent: $17,676
Similar home values, sorted by yield — the cheapest way to see if 38117 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% |
| 38133 | Bartlett | TN | $277,794 | $1,590 | 6.87% | 14.6 | -0.2% |
| 38125 | Memphis | TN | $281,066 | $1,502 | 6.41% | 15.6 | -1.5% |
| 37412 | East Ridge | TN | $261,753 | $1,317 | 6.04% | 16.6 | -1.8% |
| 37601 | Johnson City | TN | $269,607 | $1,329 | 5.92% | 16.9 | +0.2% |
| 37874 | Sweetwater | TN | $267,952 | $1,195 | 5.35% | 18.7 | +2.7% |
| 37303 | Athens | TN | $270,474 | $1,085 | 4.81% | 20.8 | +3.0% |
Top rental yields in all of Tennessee →
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