Tennessee
Wayne County
16,251 residents1 permits TTM$52,824 median HHI6 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$126,600
ACS 5-Year
Cap rate proxy
5.9%
FMR × 0.65 ÷ Home Value
Rent-to-income
14.1%
HUD FMR ÷ ACS HHI
Net migration
+0.58%
IRS SOI
Permits (TTM)
1
Census BPS
Climate risk
43.0
FEMA NRI (0–100)
ZIP code breakdown6 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 38425 | $166,939 | $925 | 6.6% | 4.3% | 33.1% |
| 38450 | $143,099 | $925 | 7.8% | 4.9% | 33.1% |
| 38452 | $126,600county est. | $925 | 8.8% | 5.9% | 33.1% |
| 38463 | $198,774 | $925 | 5.6% | 3.6% | 33.1% |
| 38471 | $126,600county est. | $925 | 8.8% | 5.9% | 33.1% |
Ranked by composite score
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Demographics
Owner-occupied
81.5%
Census ACS
Vacancy rate
20.4%
Census ACS
Bachelor's degree +
12.5%
Census ACS
Rent burdened
40.9%
Census ACS (>30% income)
Median age
44.3
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