Rental numbers for the Cookeville, TN metro
The typical home here runs -$799 a month at 7.78% with 25% down, breaking even at about 1.8%. 0 of 2 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.9%.
- Gross yield
- 6.1%
- typical home, Zillow
- Median ZIP yield
- 5.9%
- 2 ZIPs with full data
- Cash flow
- -$799/mo
- at 7.78%, 25% down
- Typical price
- $295,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,501/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
18 with published figures
| 38506Cookeville | $340,000 | $1,751 | 6.2% | 3.4% | -$878 | n/a |
| 38541Allons | $256,000 | $1,220* | 5.7% | 2.7% | -$794 | n/a |
| 38501Cookeville | $302,000 | $1,424 | 5.7% | 2.8% | -$919 | +1.8% |
| 38562Gainesboro | $209,000 | $930* | 5.3% | 2.3% | -$730 | n/a |
| 38554Crawford | $214,000 | $930* | 5.2% | 2.4% | -$728 | n/a |
| 38543Alpine | $230,000 | $950* | 5.0% | 2.1% | -$839 | n/a |
| 38588Whitleyville | $230,000 | $950* | 5.0% | 2.1% | -$830 | n/a |
| 38568Hilham | $251,000 | $1,010* | 4.8% | 2.0% | -$924 | n/a |
| 38589Wilder | $236,000 | $930* | 4.7% | 2.0% | -$883 | n/a |
| 38570Livingston | $239,000 | $930* | 4.7% | 1.8% | -$933 | n/a |
| 38564Granville | $250,000 | $930* | 4.5% | 1.6% | -$1,006 | n/a |
| 38545Bloomington Springs | $253,000 | $930* | 4.4% | 1.3% | -$1,099 | n/a |
| 38573Monroe | $277,000 | $990* | 4.3% | 1.7% | -$1,102 | n/a |
| 38544Baxter | $299,000 | $960* | 3.9% | 1.2% | -$1,310 | n/a |
| 38548Buffalo Valley | $298,000 | $950* | 3.8% | 1.0% | -$1,353 | n/a |
| 38574Monterey | $295,000 | $930* | 3.8% | 1.2% | -$1,304 | n/a |
| 38580Rickman | $305,000 | $930* | 3.6% | 1.2% | -$1,332 | n/a |
| 38582Silver Point | $364,000 | $930* | 3.1% | 0.5% | -$1,822 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.1%
- Rent, 12 months
- +1.8%
- Rent minus price growth
- -0.4 pts
- Property tax
- 0.45%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $233,868 | n/a |
| Aug 2022 | $273,243 | $1,317 |
| Aug 2023 | $278,082 | $1,404 |
| Aug 2024 | $286,228 | $1,439 |
| Aug 2025 | $288,810 | $1,475 |
| Aug 2026 | $294,931 | $1,501 |
Counties
- Putnam County, TN5.9% median yield
- Overton County, TNn/a median yield
- Jackson County, TNn/a median yield
- Clay County, TNn/a median yield
- Fentress County, TNn/a median yield
Tools
Questions
- Is the Cookeville, TN metro good for rental property?
- The typical home here runs -$799 a month at 7.78% with 25% down, breaking even at about 1.8%. 0 of 2 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.9%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Cookeville, TN metro have the highest rental yield?
- 38506 (Cookeville) at 6.2%, 38501 (Cookeville) at 5.7%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.