Memphis, TN-MS-AR · Tennessee
Tipton County
ZIP 38019
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 38019
Median home value
$201,889
Gross yield
6.3%
Cap rate
6.0%
Rent gap
5.0%
Affordability
P/I: 2.8R/I: —
Section 8 detail
SAFMR: $1,060Rent: $1,007Gap: 5.3%
ZIP code breakdown7 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 38019 | $201,889 | $1,060 | 6.3% | 6.0% | 5.0% |
| 38023 | $265,789 | $1,300 | 5.9% | 4.5% | 22.5% |
| 72338 | $220,100county est. | $1,060 | 5.8% | 5.5% | 5.0% |
| 38015 | $221,628 | $1,060 | 5.7% | 5.5% | 5.0% |
| 38004 | $345,947 | $1,470 | 5.1% | 3.5% | 31.5% |
Ranked by composite score
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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