Fastest-Appreciating ZIP Codes in Memphis, TN-MS-AR (2026)
Ranked by 5-year compound annual growth in home values. Fast growth and strong cash flow rarely appear in the same ZIP — this is the other side of that trade.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 38105 1% rule | Memphis, TN | $111,586 | $1,158 | 8.09% | 7.5% |
| 2 | 38023 | Drummonds, TN | $275,711 | $1,170 | 3.31% | 6.2% |
| 3 | 38058 | Munford, TN | $289,070 | $1,200 | 3.24% | 6.2% |
| 4 | 38015 | Gilt Edge, TN | $236,506 | $954 | 3.15% | 6.0% |
| 5 | 38126 1% rule | Memphis, TN | $76,399 | $842 | 8.60% | 6.0% |
| 6 | 38019 | Covington, TN | $210,581 | $1,100 | 4.07% | 5.9% |
| 7 | 38004 | Atoka, TN | $355,903 | $1,323 | 2.90% | 5.6% |
| 8 | 38011 | Brighton, TN | $273,482 | $1,017 | 2.90% | 5.5% |
| 9 | 72364 | Marion, AR | $239,379 | $1,018 | 3.32% | 5.5% |
| 10 | 38661 | Red Banks, MS | $238,921 | $1,062 | 3.47% | 5.3% |
| 11 | 38068 | Somerville, TN | $303,788 | $2,051 | 5.27% | 5.2% |
| 12 | 38668 | Senatobia, MS | $247,400 | $954 | 3.01% | 5.1% |
| 13 | 38053 | Millington, TN | $245,137 | $1,595 | 5.07% | 5.0% |
| 14 | 38618 | Coldwater, MS | $244,605 | $1,017 | 3.24% | 5.0% |
| 15 | 38611 | Byhalia, MS | $280,389 | $1,197 | 3.33% | 4.9% |
| 16 | 38671 | Southaven, MS | $236,424 | $1,499 | 4.95% | 4.8% |
| 17 | 38057 | Moscow, TN | $296,200 | $954 | 2.51% | 4.7% |
| 18 | 38664 | Robinsonville, MS | $204,656 | $1,125 | 4.29% | 4.6% |
| 19 | 38637 | Horn Lake, MS | $203,485 | $1,512 | 5.80% | 4.5% |
| 20 | 38028 | Eads, TN | $610,720 | $1,287 | 1.64% | 4.5% |
| 21 | 38665 | Sarah, MS | $239,044 | $1,044 | 3.41% | 4.5% |
| 22 | 38641 | Walls, MS | $329,854 | $1,035 | 2.45% | 4.4% |
| 23 | 38060 | Oakland, TN | $354,523 | $2,150 | 4.73% | 4.1% |
| 24 | 38134 | Memphis, TN | $228,119 | $1,274 | 4.36% | 4.0% |
| 25 | 38122 | Memphis, TN | $125,805 | $1,151 | 7.14% | 3.9% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Memphis, TN-MS-AR · Affordable in Memphis, TN-MS-AR · 1% Rule in Memphis, TN-MS-AR
Or see the full Memphis, TN-MS-AR metro profile.