Gross rental yield of 10.7% — ranked #16 of 167 Tennessee ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -1.0% | +19.1% |
| Market rent | +0.9% | +28.6% |
Metro: Memphis, TN-MS-AR · County: Shelby County · Annual rent: $15,888
Similar home values, sorted by yield — the cheapest way to see if 38128 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 38112 | Memphis | TN | $127,447 | $1,302 | 12.26% | 8.2 | -10.8% |
| 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% |
| 37410 | Chattanooga | TN | $158,830 | $1,437 | 10.86% | 9.2 | -6.3% |
| 38115 | Memphis | TN | $167,301 | $1,075 | 7.71% | 13.0 | -0.1% |
| 38116 | Memphis | TN | $158,556 | $914 | 6.92% | 14.5 | -1.0% |
| 38012 | Brownsville | TN | $168,194 | $932 | 6.65% | 15.0 | -1.9% |
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.
Instant download after checkout · what's inside