Memphis, TN-MS-AR · Mississippi
DeSoto County
ZIP 38672
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 38672
Median home value
$328,786
Gross yield
7.0%
Buy Box score
0.9
Section 8 gap
42.4%
Affordability
P/I: 4.0R/I: 31.3%
Section 8 detail
SAFMR: $1,910Rent: $1,341Gap: 42.4%
ZIP code breakdown8 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 38637 | $198,965 | $1,400 | 8.4% | 9.1% | -7.4% |
| 38680 | $257,280 | $1,240 | 5.8% | 8.4% | -45.2% |
| 38671 | $232,755 | $1,400 | 7.2% | 8.1% | -12.3% |
| 38672 | $328,786 | $1,910 | 7.0% | 7.9% | -13.5% |
| 38632 | $341,432 | $1,290 | 4.5% | 7.7% | -70.8% |
| 38654 | $328,435 | $1,690 | 6.2% | 7.0% | -13.0% |
| 38641 | $316,684 | $1,150 | 4.4% | 5.1% | -16.6% |
| 38651 | $352,817 | $1,410 | 4.8% | 4.6% | 4.9% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
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