Memphis, TN-MS-AR · Mississippi
DeSoto County
188,598 residents944 permits TTM$82,980 median HHI8 ZIP codesUpdated April 28, 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 code breakdown8 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 38671 | $232,755 | $1,400 | 7.2% | 8.0% | -12.5% |
| 38680 | $257,280 | $1,240 | 5.8% | 9.2% | -61.7% |
| 38637 | $198,965 | $1,400 | 8.4% | 8.9% | -6.8% |
| 38672 | $328,786 | $1,910 | 7.0% | 8.2% | -18.0% |
| 38654 | $328,435 | $1,690 | 6.2% | 7.2% | -17.3% |
Ranked by composite score
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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 28, 2026