Memphis, TN-MS-AR · Mississippi
DeSoto County
ZIP 38632
188,598 residents944 permits TTM$82,980 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$248,700
ACS 5-Year
Cap rate proxy
6.1%
FMR × 0.65 ÷ Home Value
Rent-to-income
19.4%
HUD FMR ÷ ACS HHI
Net migration
+2.35%
IRS SOI
Permits (TTM)
944
Census BPS
Climate risk
89.0
FEMA NRI (0–100)
ZIP 38632
Median home value
$248,700
Gross yield
6.2%
Buy Box score
0.8
Section 8 gap
-3.8%
Affordability
P/I: 4.1R/I: 31.9%
Section 8 detail
SAFMR: $1,290Rent: $1,341Gap: -3.8%
ZIP code breakdown8 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 38637 | $248,700 | $1,400 | 6.8% | 1.0 | 4.4% |
| 38672 | $248,700 | $1,910 | 9.2% | 0.9 | 42.4% |
| 38671 | $248,700 | $1,400 | 6.8% | 0.9 | 4.4% |
| 38680 | $248,700 | $1,240 | 6.0% | 0.9 | -7.5% |
| 38654 | $248,700 | $1,690 | 8.2% | 0.8 | 26.0% |
| 38632 | $248,700 | $1,290 | 6.2% | 0.8 | -3.8% |
| 38651 | $248,700 | $1,410 | 6.8% | 0.5 | 5.1% |
| 38641 | $248,700 | $1,150 | 5.5% | 0.4 | -14.2% |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
77.8%
Census ACS
Vacancy rate
6.4%
Census ACS
Bachelor's degree +
28.3%
Census ACS
Rent burdened
42.6%
Census ACS (>30% income)
Median age
37.0
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026