Memphis, TN-MS-AR · Tennessee
Tipton County
61,339 residents153 permits TTM$71,736 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$220,100
ACS 5-Year
Cap rate proxy
6.9%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.8%
HUD FMR ÷ ACS HHI
Net migration
+1.70%
IRS SOI
Permits (TTM)
153
Census BPS
Climate risk
81.0
FEMA NRI (0–100)
ZIP code breakdown7 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 38023 | $220,100 | $1,300 | 7.1% | 0.5 | 29.1% |
| 38004 | $220,100 | $1,470 | 8.0% | 0.4 | 46.0% |
| 38019 | $220,100 | $1,060 | 5.8% | 0.4 | 5.3% |
| 38015 | $220,100 | $1,060 | 5.8% | 0.4 | 5.3% |
| 38011 | $220,100 | $1,130 | 6.2% | 0.3 | 12.2% |
| 38058 | $220,100 | $1,220 | 6.7% | 0.3 | 21.2% |
| 72338 | $220,100 | $1,060 | 5.8% | — | 5.3% |
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Demographics
Owner-occupied
77.2%
Census ACS
Vacancy rate
6.9%
Census ACS
Bachelor's degree +
18.5%
Census ACS
Rent burdened
38.0%
Census ACS (>30% income)
Median age
38.7
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