Gross rental yield of 6.87% — ranked #41 of 167 Tennessee ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -0.2% | +20.3% |
| Market rent | +3.7% | +22.8% |
Metro: Memphis, TN-MS-AR · County: Shelby County · Annual rent: $19,080
Similar home values, sorted by yield — the cheapest way to see if 38133 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 38117 | Memphis | TN | $271,375 | $1,473 | 6.52% | 15.3 | -1.8% |
| 38125 | Memphis | TN | $281,066 | $1,502 | 6.41% | 15.6 | -1.5% |
| 38305 | Jackson | TN | $281,594 | $1,502 | 6.40% | 15.6 | -0.7% |
| 37604 | Johnson City | TN | $288,417 | $1,493 | 6.21% | 16.1 | -0.1% |
| 37601 | Johnson City | TN | $269,607 | $1,329 | 5.92% | 16.9 | +0.2% |
| 37664 | Kingsport | TN | $283,922 | $1,296 | 5.48% | 18.3 | +0.1% |
| 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 →
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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