Tennessee
Putnam County
81,366 residents641 permits TTM$56,537 median HHI8 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$246,800
ACS 5-Year
Cap rate proxy
4.3%
FMR × 0.65 ÷ Home Value
Rent-to-income
18.7%
HUD FMR ÷ ACS HHI
Net migration
+1.66%
IRS SOI
Permits (TTM)
641
Census BPS
Climate risk
65.8
FEMA NRI (0–100)
ZIP code breakdown8 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 38503 | — | — | — | 4.3% | — |
| 38505 | — | — | — | 4.3% | — |
| 38548 | — | — | — | 4.3% | — |
| 38506 | — | — | — | 5.8% | — |
| 38574 | — | — | — | 3.6% | — |
Ranked by composite score
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Demographics
Owner-occupied
60.7%
Census ACS
Vacancy rate
8.2%
Census ACS
Bachelor's degree +
29.2%
Census ACS
Rent burdened
45.3%
Census ACS (>30% income)
Median age
36.1
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