Tennessee
Clay County
7,621 residents25 permits TTM$44,712 median HHI2 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$136,900
ACS 5-Year
Cap rate proxy
4.8%
FMR × 0.65 ÷ Home Value
Rent-to-income
14.7%
HUD FMR ÷ ACS HHI
Net migration
+0.35%
IRS SOI
Permits (TTM)
25
Census BPS
Climate risk
13.3
FEMA NRI (0–100)
ZIP code breakdown2 ZIP codes
Numbers repeat across most ZIPs in this county
ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 38575 | $136,900county est. | $925 | 8.1% | 4.8% | 41.0% |
| 38551 | $191,431 | $925 | 5.8% | 3.4% | 41.0% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
77.6%
Census ACS
Vacancy rate
19.7%
Census ACS
Bachelor's degree +
12.0%
Census ACS
Rent burdened
19.8%
Census ACS (>30% income)
Median age
48.8
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