Gross rental yield of 5.88% — ranked #78 of 167 Tennessee ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +2.2% | +34.6% |
| Market rent | -1.5% | — |
Metro: Cookeville, TN · County: Putnam County · Annual rent: $18,000
Similar home values, sorted by yield — the cheapest way to see if 38501 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 38068 | Somerville | TN | $307,621 | $2,051 | 8.00% | 12.5 | +3.9% |
| 37701 | Alcoa | TN | $313,481 | $1,883 | 7.21% | 13.9 | +1.2% |
| 38135 | Bartlett | TN | $302,608 | $1,815 | 7.20% | 13.9 | -0.5% |
| 38119 | Memphis | TN | $297,309 | $1,651 | 6.66% | 15.0 | -1.6% |
| 37323 | Cleveland | TN | $307,218 | $1,677 | 6.55% | 15.3 | +2.2% |
| 38016 | Cordova | TN | $297,074 | $1,576 | 6.36% | 15.7 | -1.9% |
| 37388 | Tullahoma | TN | $300,639 | $1,573 | 6.28% | 15.9 | +3.6% |
| 37040 | Clarksville | TN | $308,250 | $1,298 | 5.05% | 19.8 | +0.0% |
Top rental yields in all of Tennessee →
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