Gross rental yield of 3.87% — ranked #153 of 167 Tennessee ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -1.7% | +10.1% |
| Market rent | -1.0% | — |
Metro: Memphis, TN-MS-AR · County: Shelby County · Annual rent: $16,692
Similar home values, sorted by yield — the cheapest way to see if 38120 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 38138 | Germantown | TN | $443,724 | $2,452 | 6.63% | 15.1 | -1.8% |
| 37803 | Maryville | TN | $418,156 | $2,112 | 6.06% | 16.5 | +1.7% |
| 37363 | Ooltewah | TN | $447,171 | $2,047 | 5.49% | 18.2 | -0.5% |
| 37127 | Murfreesboro | TN | $424,821 | $1,831 | 5.17% | 19.3 | -0.4% |
| 37128 | Murfreesboro | TN | $446,937 | $1,734 | 4.66% | 21.5 | -0.5% |
| 37931 | Knoxville | TN | $439,777 | $1,698 | 4.63% | 21.6 | +1.2% |
| 37066 | Gallatin | TN | $444,495 | $1,636 | 4.42% | 22.6 | +0.6% |
| 37863 | Pigeon Forge | TN | $422,535 | $1,475 | 4.19% | 23.9 | -3.3% |
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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