Gross rental yield of 6.63% — ranked #47 of 167 Tennessee ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -1.8% | +14.4% |
| Market rent | +2.8% | — |
Metro: Memphis, TN-MS-AR · County: Shelby County · Annual rent: $29,424
Similar home values, sorted by yield — the cheapest way to see if 38138 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 37363 | Ooltewah | TN | $447,171 | $2,047 | 5.49% | 18.2 | -0.5% |
| 37219 | Nashville | TN | $455,507 | $1,982 | 5.22% | 19.2 | -1.7% |
| 37129 | Murfreesboro | TN | $450,269 | $1,795 | 4.78% | 20.9 | +0.0% |
| 37087 | Lebanon | TN | $447,702 | $1,768 | 4.74% | 21.1 | +0.9% |
| 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% |
| 37402 | Chattanooga | TN | $454,338 | $1,419 | 3.75% | 26.7 | -2.4% |
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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