Best ZIP Codes for Cash Flow in Memphis, TN-MS-AR (2026)
Ranked by cap rate — the annual return on the purchase price before financing. ZIPs that also clear the 1% rule are marked.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 38106 1% rule | Memphis, TN | $57,039 | $885 | 12.11% | 2.8% |
| 2 | 72331 1% rule | Earle, AR | $66,893 | $954 | 11.12% | -1.6% |
| 3 | 38108 1% rule | Memphis, TN | $70,295 | $992 | 11.00% | 2.7% |
| 4 | 38114 1% rule | Memphis, TN | $74,233 | $974 | 10.23% | 1.2% |
| 5 | 38109 1% rule | Memphis, TN | $91,802 | $1,162 | 9.87% | 1.5% |
| 6 | 38127 1% rule | Memphis, TN | $90,463 | $1,077 | 9.29% | 1.4% |
| 7 | 38107 1% rule | Memphis, TN | $109,789 | $1,249 | 8.87% | 2.9% |
| 8 | 38126 1% rule | Memphis, TN | $76,399 | $842 | 8.60% | 6.0% |
| 9 | 38105 1% rule | Memphis, TN | $111,586 | $1,158 | 8.09% | 7.5% |
| 10 | 38112 1% rule | Memphis, TN | $124,787 | $1,254 | 7.84% | 1.0% |
| 11 | 38111 | Memphis, TN | $134,255 | $1,289 | 7.49% | 1.9% |
| 12 | 38118 | Memphis, TN | $124,413 | $1,175 | 7.36% | 2.1% |
| 13 | 38122 | Memphis, TN | $125,805 | $1,151 | 7.14% | 3.9% |
| 14 | 38128 | Memphis, TN | $146,949 | $1,228 | 6.52% | 3.5% |
| 15 | 38141 | Memphis, TN | $192,027 | $1,597 | 6.49% | 3.2% |
| 16 | 38637 | Horn Lake, MS | $203,485 | $1,512 | 5.80% | 4.5% |
| 17 | 72301 | West Memphis, AR | $133,816 | $954 | 5.56% | 2.9% |
| 18 | 38676 | Tunica, MS | $145,228 | $1,008 | 5.41% | 0.7% |
| 19 | 38672 | Southaven, MS | $337,222 | $2,318 | 5.36% | 3.0% |
| 20 | 38068 | Somerville, TN | $303,788 | $2,051 | 5.27% | 5.2% |
| 21 | 38632 | Hernando, MS | $350,087 | $2,279 | 5.08% | 3.8% |
| 22 | 38053 | Millington, TN | $245,137 | $1,595 | 5.07% | 5.0% |
| 23 | 38115 | Memphis, TN | $166,446 | $1,057 | 4.95% | 2.5% |
| 24 | 38671 | Southaven, MS | $236,424 | $1,499 | 4.95% | 4.8% |
| 25 | 38135 | Bartlett, TN | $301,004 | $1,896 | 4.91% | 3.8% |
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
Appreciation 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.