Memphis, TN-MS-AR · Tennessee
Fayette County
ZIP 38049
42,653 residents298 permits TTM$84,764 median HHI9 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$316,000
ACS 5-Year
Cap rate proxy
4.8%
FMR × 0.65 ÷ Home Value
Rent-to-income
12.5%
HUD FMR ÷ ACS HHI
Net migration
+2.67%
IRS SOI
Permits (TTM)
298
Census BPS
Climate risk
76.0
FEMA NRI (0–100)
ZIP 38049
Median home value
$316,000
Gross yield
4.1%
Buy Box score
0.8
Section 8 gap
21.2%
Affordability
P/I: 2.7R/I: —
Section 8 detail
SAFMR: $1,070Rent: $883Gap: 21.2%
ZIP code breakdown9 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 38060 | $316,000 | $1,510 | 5.7% | 0.9 | 71.0% |
| 38049 | $316,000 | $1,070 | 4.1% | 0.8 | 21.2% |
| 38057 | $316,000 | $1,060 | 4.0% | 0.7 | 20.0% |
| 38068 | $316,000 | $1,060 | 4.0% | 0.7 | 20.0% |
| 38028 | $316,000 | $1,430 | 5.4% | 0.5 | 61.9% |
| 38066 | $316,000 | $1,060 | 4.0% | 0.3 | 20.0% |
| 38036 | $316,000 | $1,780 | 6.8% | — | 101.6% |
| 38046 | $316,000 | $1,060 | 4.0% | — | 20.0% |
| 38076 | $316,000 | $1,080 | 4.1% | — | 22.3% |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
80.7%
Census ACS
Vacancy rate
7.5%
Census ACS
Bachelor's degree +
26.9%
Census ACS
Rent burdened
37.1%
Census ACS (>30% income)
Median age
47.2
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