Gross rental yield of 11.02% — ranked #13 of 167 Tennessee ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -3.5% | +18.9% |
| Market rent | +1.8% | — |
Metro: Memphis, TN-MS-AR · County: Shelby County · Annual rent: $13,908
Similar home values, sorted by yield — the cheapest way to see if 38122 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 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% |
| 38111 | Memphis | TN | $135,605 | $1,283 | 11.35% | 8.8 | -1.8% |
| 37407 | Chattanooga | TN | $128,587 | $1,198 | 11.18% | 8.9 | -2.7% |
| 38301 | Jackson | TN | $142,651 | $1,294 | 10.88% | 9.2 | -2.2% |
| 38128 | Memphis | TN | $148,486 | $1,324 | 10.70% | 9.3 | -1.0% |
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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