Rental numbers for Tennessee
10 of 165 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 5.7%.
- Gross yield
- n/a
- no Zillow rent index
- Median ZIP yield
- 5.7%
- 165 ZIPs with full data
- Cash flow
- n/a
- at 7.78%, 25% down
- Typical price
- $334,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,604/mo
- median across 165 tier A ZIPs, Aug 2026
Counties
Gross yield uses Zillow county rent where published, otherwise the median ZIP yield
| Cocke County | $246,000 | $1,900 | 9.3% | 5.7% | -$150 | n/a |
| Gibson County | $182,000 | $1,327 | 8.7% | 4.9% | -$239 | n/a |
| Madison County | $227,000 | $1,425 | 7.5% | 4.2% | -$438 | +2.3% |
| Shelby County | $219,000 | $1,348 | 7.4% | 3.6% | -$529 | +1.2% |
| Tipton County | $273,000 | $1,619 | 7.1% | 4.0% | -$563 | -1.5% |
| Dyer County | $175,000 | $1,000 | 6.9% | 3.2% | -$471 | +19.5% |
| Hawkins County | $251,000 | $1,436 | 6.9% | 3.7% | -$587 | n/a |
| Fayette County | $372,000 | $2,058 | 6.6% | 3.9% | -$783 | +1.0% |
| Anderson County | $315,000 | $1,653 | 6.3% | 3.3% | -$819 | +2.1% |
| Cumberland County | $308,000 | $1,610 | 6.3% | 3.5% | -$749 | n/a |
| Hamblen County | $273,000 | $1,404 | 6.2% | 3.3% | -$730 | +4.6% |
| Jefferson County | $338,000 | $1,681 | 6.0% | 3.2% | -$920 | n/a |
| Marshall County | $326,000 | $1,613 | 5.9% | 3.1% | -$911 | n/a |
| Sullivan County | $261,000 | $1,297 | 5.9% | 2.9% | -$785 | +4.4% |
| Weakley County | $193,000 | $956 | 5.9% | 2.7% | -$611 | n/a |
| Dickson County | $362,000 | $1,784 | 5.9% | 3.2% | -$997 | +3.4% |
| Coffee County | $309,000 | $1,504 | 5.8% | 2.9% | -$921 | +2.5% |
| Henry County | $223,000 | $1,083 | 5.8% | 2.8% | -$687 | n/a |
| Haywood County | $178,000 | $859 | 5.8% | 2.3% | -$615 | n/a |
| Washington County | $309,000 | $1,489 | 5.8% | 2.9% | -$918 | +3.1% |
| Greene County | $252,000 | $1,198 | 5.7% | 2.8% | -$775 | +7.8% |
| Putnam County | $315,000 | $1,491 | 5.7% | 2.9% | -$947 | +1.6% |
| Carter County | $240,000 | $1,122 | 5.6% | 2.6% | -$781 | n/a |
| Robertson County | $371,000 | $1,732 | 5.6% | 2.9% | -$1,108 | +0.3% |
| Blount County | $395,000 | $1,828 | 5.5% | 2.9% | -$1,174 | +1.7% |
| Knox County | $378,000 | $1,738 | 5.5% | 2.9% | -$1,132 | +0.4% |
| Bedford County | $331,000 | $1,476 | 5.3% | 2.6% | -$1,067 | n/a |
| Lawrence County | $248,000 | $1,104 | 5.3% | 2.4% | -$848 | n/a |
| Bradley County | $318,000 | $1,406 | 5.3% | 2.6% | -$1,037 | +1.4% |
| Roane County | $303,000 | $1,321 | 5.2% | 2.4% | -$1,027 | +7.2% |
| Hamilton County | $352,000 | $1,520 | 5.2% | 2.4% | -$1,208 | +1.9% |
| Montgomery County | $320,000 | $1,373 | 5.1% | 2.3% | -$1,119 | +1.7% |
| Davidson County | $428,000 | $1,834 | 5.1% | 2.4% | -$1,441 | +0.3% |
| Franklin County | $320,000 | $1,350 | 5.1% | 2.3% | -$1,114 | n/a |
| McMinn County | $260,000 | $1,091 | 5.0% | 2.3% | -$908 | -0.8% |
| Maury County | $403,000 | $1,669 | 5.0% | 2.4% | -$1,363 | +1.8% |
| Warren County | $260,000 | $1,075 | 5.0% | 2.2% | -$932 | n/a |
| Rutherford County | $415,000 | $1,713 | 5.0% | 2.4% | -$1,418 | +1.7% |
| Rhea County | $265,000 | $1,083 | 4.9% | 2.1% | -$962 | n/a |
| Cheatham County | $398,000 | $1,617 | 4.9% | 2.3% | -$1,381 | +1.4% |
| Monroe County | $291,000 | $1,183 | 4.9% | 2.2% | -$1,040 | n/a |
| Sevier County | $408,000 | $1,630 | 4.8% | 2.4% | -$1,371 | +7.9% |
| Loudon County | $450,000 | $1,779 | 4.7% | 2.4% | -$1,538 | +5.0% |
| Sumner County | $443,000 | $1,677 | 4.5% | 2.0% | -$1,639 | +1.8% |
| Wilson County | $503,000 | $1,829 | 4.4% | 2.0% | -$1,869 | +2.2% |
| Williamson County | $929,000 | $2,124 | 2.7% | 0.8% | -$4,401 | +0.9% |
| Benton County | $191,000 | not published | n/a | n/a | n/a | n/a |
| Bledsoe County | $252,000 | not published | n/a | n/a | n/a | n/a |
| Campbell County | $245,000 | not published | n/a | n/a | n/a | n/a |
| Cannon County | $325,000 | not published | n/a | n/a | n/a | n/a |
| Carroll County | $182,000 | not published | n/a | n/a | n/a | n/a |
| Chester County | $169,000 | not published | n/a | n/a | n/a | n/a |
| Claiborne County | $228,000 | not published | n/a | n/a | n/a | n/a |
| Clay County | $216,000 | not published | n/a | n/a | n/a | n/a |
| Crockett County | $194,000 | not published | n/a | n/a | n/a | n/a |
| Decatur County | $187,000 | not published | n/a | n/a | n/a | n/a |
| DeKalb County | $299,000 | not published | n/a | n/a | n/a | n/a |
| Fentress County | $250,000 | not published | n/a | n/a | n/a | n/a |
| Giles County | $256,000 | not published | n/a | n/a | n/a | n/a |
| Grainger County | $283,000 | not published | n/a | n/a | n/a | n/a |
| Grundy County | $209,000 | not published | n/a | n/a | n/a | n/a |
| Hancock County | $178,000 | not published | n/a | n/a | n/a | n/a |
| Hardeman County | $164,000 | not published | n/a | n/a | n/a | n/a |
| Hardin County | $210,000 | not published | n/a | n/a | n/a | n/a |
| Henderson County | $214,000 | not published | n/a | n/a | n/a | n/a |
| Hickman County | $191,000 | not published | n/a | n/a | n/a | n/a |
| Houston County | $233,000 | not published | n/a | n/a | n/a | n/a |
| Humphreys County | $254,000 | not published | n/a | n/a | n/a | n/a |
| Jackson County | $232,000 | not published | n/a | n/a | n/a | n/a |
| Johnson County | $249,000 | not published | n/a | n/a | n/a | n/a |
| Lake County | $114,000 | not published | n/a | n/a | n/a | n/a |
| Lauderdale County | $142,000 | not published | n/a | n/a | n/a | n/a |
| Lewis County | $249,000 | not published | n/a | n/a | n/a | n/a |
| Lincoln County | $265,000 | not published | n/a | n/a | n/a | n/a |
| Macon County | $264,000 | not published | n/a | n/a | n/a | n/a |
| Marion County | $261,000 | not published | n/a | n/a | n/a | n/a |
| McNairy County | $175,000 | not published | n/a | n/a | n/a | n/a |
| Meigs County | $306,000 | not published | n/a | n/a | n/a | n/a |
| Moore County | $364,000 | not published | n/a | n/a | n/a | n/a |
| Morgan County | $214,000 | not published | n/a | n/a | n/a | n/a |
| Obion County | $170,000 | not published | n/a | n/a | n/a | n/a |
| Overton County | $259,000 | not published | n/a | n/a | n/a | n/a |
| Perry County | $175,000 | not published | n/a | n/a | n/a | n/a |
| Pickett County | $258,000 | not published | n/a | n/a | n/a | n/a |
| Polk County | $257,000 | not published | n/a | n/a | n/a | n/a |
| Scott County | $191,000 | not published | n/a | n/a | n/a | n/a |
| Sequatchie County | $286,000 | not published | n/a | n/a | n/a | n/a |
| Smith County | $313,000 | not published | n/a | n/a | n/a | n/a |
| Stewart County | $255,000 | not published | n/a | n/a | n/a | n/a |
| Trousdale County | $361,000 | not published | n/a | n/a | n/a | n/a |
| Unicoi County | $244,000 | not published | n/a | n/a | n/a | n/a |
| Union County | $298,000 | not published | n/a | n/a | n/a | n/a |
| Van Buren County | $239,000 | not published | n/a | n/a | n/a | n/a |
| Wayne County | $185,000 | not published | n/a | n/a | n/a | n/a |
| White County | $283,000 | not published | n/a | n/a | n/a | n/a |
Highest-yield ZIP codes in Tennessee
Tier A only: Zillow value against Zillow rent
| ZIP | Typical price | Rent | Gross yield | Cash flow /mo |
|---|---|---|---|---|
| 38108Memphis | $72,000 | $1,103 | 18.3% | +$292 |
| 38106Memphis | $58,000 | $870 | 17.9% | +$166 |
| 38109Memphis | $92,000 | $1,162 | 15.1% | +$179 |
| 38127Memphis | $91,000 | $1,101 | 14.6% | +$148 |
| 38114Memphis | $75,000 | $894 | 14.4% | +$82 |
| 38105Memphis | $112,000 | $1,164 | 12.4% | +$61 |
| 38107Memphis | $112,000 | $1,151 | 12.3% | +$63 |
| 37915Knoxville | $200,000 | $1,976 | 11.9% | +$213 |
| 38112Memphis | $127,000 | $1,241 | 11.8% | +$37 |
| 38111Memphis | $135,000 | $1,284 | 11.4% | -$13 |
Trends
Five years to August 2026
- Price, 12 months
- +0.7%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 0.50%
- effective rate, ACS 2024
Typical value (Zillow ZHVI)Indexed to 100 at Aug 2021
Show the numbers
| Month | Typical value |
|---|---|
| Aug 2021 | $267,772 |
| Aug 2022 | $318,918 |
| Aug 2023 | $322,448 |
| Aug 2024 | $333,168 |
| Aug 2025 | $331,903 |
| Aug 2026 | $334,108 |
Costs that vary by state
- Effective property tax
- 0.50%
- Census ACS 2024
- Landlord insurance default
- $1,979/yr
- NAIC HO-3 $1,649 x 1.2
- Permits per 1,000 households
- 14.7
- last 12 months
- Median typical price
- $355,000
- tier A ZIPs
Metros
- Athens, TN
- Chattanooga, TN
- Clarksville, TN
- Cleveland, TN
- Cookeville, TN
- Crossville, TN
- Dayton, TN
- Dyersburg, TN
- Greeneville, TN
- Jackson, TN
- Johnson City, TN
- Kingsport, TN
- Knoxville, TN
- Lawrenceburg, TN
- Lewisburg, TN
- Martin, TN
- McMinnville, TN
- Memphis, TN
- Morristown, TN
- Nashville, TN
- Newport, TN
- Paris, TN
- Sevierville, TN
- Shelbyville, TN
- Tullahoma, TN
- Union City, TN
Questions
- Is Tennessee good for rental property?
- 10 of 165 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 5.7%. Cash flow assumes the typical home in each ZIP, 7.78% with 25% down and the default costs.
- What is the average property tax rate in Tennessee?
- About 0.50% of value statewide (Census ACS median taxes paid over median value). Rates vary widely by county; the county table above links to each.
- What does landlord insurance cost in Tennessee?
- NAIC's 2023 average homeowners (HO-3) premium in Tennessee was $1,649. Landlord policies usually cost more, so this site assumes $1,979 a year. Quotes depend on the property, coverage and claims history.
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.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
- NAIC Homeowners Insurance Report, data for 2023
National Association of Insurance Commissioners. Read: 2023.
Average HO-3 homeowners premium by state, multiplied by 1.2 as a landlord-policy assumption.
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.