Memphis, TN-MS-AR · Mississippi
Marshall County
ZIP 38661
33,899 residents364 permits TTM$51,875 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$172,200
ACS 5-Year
Cap rate proxy
8.9%
FMR × 0.65 ÷ Home Value
Rent-to-income
21.4%
HUD FMR ÷ ACS HHI
Net migration
+2.09%
IRS SOI
Permits (TTM)
364
Census BPS
Climate risk
71.2
FEMA NRI (0–100)
ZIP 38661
Median home value
—
Gross yield
—
Cap rate
5.0%
Rent gap
27.3%
Affordability
P/I: 4.3R/I: —
Section 8 detail
SAFMR: $1,274Rent: $926Gap: 37.6%
ZIP code breakdown5 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 38659 | — | — | — | 7.1% | 27.3% |
| 38635 | — | — | — | 6.6% | 27.3% |
| 38685 | — | — | — | 6.0% | 27.3% |
| 38661 | — | — | — | 5.0% | 27.3% |
| 38611 | $267,052 | $1,330 | 6.0% | 4.2% | 30.4% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
76.7%
Census ACS
Vacancy rate
16.4%
Census ACS
Bachelor's degree +
14.5%
Census ACS
Rent burdened
43.6%
Census ACS (>30% income)
Median age
41.8
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