Tennessee
Hardeman County
ZIP 38008
25,477 residents36 permits TTM$46,173 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$116,800
ACS 5-Year
Cap rate proxy
8.4%
FMR × 0.65 ÷ Home Value
Rent-to-income
21.3%
HUD FMR ÷ ACS HHI
Net migration
+0.92%
IRS SOI
Permits (TTM)
36
Census BPS
Climate risk
63.0
FEMA NRI (0–100)
ZIP 38008
Median home value
$142,535
Gross yield
7.8%
Cap rate
6.9%
Rent gap
11.6%
Affordability
P/I: 3.1R/I: —
Section 8 detail
SAFMR: $925Rent: $818Gap: 13.1%
ZIP code breakdown8 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 38008 | $142,535 | $925 | 7.8% | 6.9% | 11.6% |
| 38039 | $144,149 | $1,060 | 8.8% | 6.8% | 22.8% |
| 38042 | $116,800county est. | $1,180 | 12.1% | 8.4% | 30.7% |
| 38044 | $116,800county est. | $925 | 9.5% | 8.4% | 11.6% |
| 38052 | $171,341 | $925 | 6.5% | 5.7% | 11.6% |
Ranked by composite score
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Demographics
Owner-occupied
71.2%
Census ACS
Vacancy rate
15.5%
Census ACS
Bachelor's degree +
11.3%
Census ACS
Rent burdened
44.1%
Census ACS (>30% income)
Median age
40.4
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