Memphis, TN-MS-AR · Mississippi
Tate County
28,135 residents132 permits TTM$63,995 median HHI3 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$173,000
ACS 5-Year
Cap rate proxy
8.8%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.8%
HUD FMR ÷ ACS HHI
Net migration
+1.82%
IRS SOI
Permits (TTM)
132
Census BPS
Climate risk
41.2
FEMA NRI (0–100)
ZIP code breakdown3 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 38665 | — | — | — | 4.6% | 29.6% |
| 38668 | — | — | — | 4.6% | 29.6% |
| 38618 | $233,693 | $1,130 | 5.8% | 4.5% | 20.6% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
72.9%
Census ACS
Vacancy rate
7.0%
Census ACS
Bachelor's degree +
20.9%
Census ACS
Rent burdened
44.5%
Census ACS (>30% income)
Median age
38.5
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