Nashville-Davidson--Murfreesboro--Franklin, TN · Tennessee
Smith County
ZIP 37151
20,196 residents154 permits TTM$62,799 median HHI9 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$224,500
ACS 5-Year
Cap rate proxy
9.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.8%
HUD FMR ÷ ACS HHI
Net migration
+2.05%
IRS SOI
Permits (TTM)
154
Census BPS
Climate risk
18.8
FEMA NRI (0–100)
ZIP 37151
Median home value
—
Gross yield
—
Cap rate
4.7%
Rent gap
49.3%
Affordability
P/I: 4.7R/I: —
Section 8 detail
SAFMR: $1,730Rent: $877Gap: 97.3%
ZIP code breakdown9 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 38552 | — | — | — | 4.7% | 49.3% |
| 37145 | — | — | — | 4.3% | 49.3% |
| 37151 | — | — | — | 4.7% | 49.3% |
| 38567 | — | — | — | 4.7% | 49.3% |
| 37030 | — | — | — | 3.9% | 49.3% |
Ranked by composite score
Compare all ZIPs in Smith County
See all 9 ZIPs ranked by yield and cap rate
Compare yields, cap rates, rent gaps, and affordability across every ZIP. Free account.
- Sortable table — sort by yield, rent gap, affordability
- Drill into any ZIP for full detail
- Save markets and weekly market digest
Free · No credit card · No spam
4
ZIP comparison table. Showing 5 of 9 ZIPs. Sign up to see all.
Demographics
Owner-occupied
75.5%
Census ACS
Vacancy rate
11.9%
Census ACS
Bachelor's degree +
17.9%
Census ACS
Rent burdened
28.1%
Census ACS (>30% income)
Median age
40.7
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