Tennessee
Monroe County
47,054 residents195 permits TTM$56,648 median HHI4 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$199,700
ACS 5-Year
Cap rate proxy
4.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
14.8%
HUD FMR ÷ ACS HHI
Net migration
+1.56%
IRS SOI
Permits (TTM)
195
Census BPS
Climate risk
60.9
FEMA NRI (0–100)
ZIP code breakdown4 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 37385 | $237,930 | $925 | 4.7% | 3.3% | 24.4% |
| 37874 | $252,267 | $990 | 4.7% | 3.3% | 29.4% |
| 37354 | $279,517 | $925 | 4.0% | 2.9% | 24.4% |
| 37885 | $467,394 | $1,180 | 3.0% | 1.7% | 40.8% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
72.2%
Census ACS
Vacancy rate
10.5%
Census ACS
Bachelor's degree +
15.8%
Census ACS
Rent burdened
38.8%
Census ACS (>30% income)
Median age
44.8
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 28, 2026