Memphis, TN-MS-AR Metro Area - Investment Guide
Metro Area • 39 Cities • 65 ZIP Codes
Avg Home Value
$244,176
Avg Monthly Rent
$1,335
Avg Cap Rate
5.08%
Avg Investability
3.2 ★
Cities
39
ZIP Codes
65
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🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
Best ZIP codes in Memphis, TN-MS-AR
Every ZIP in the metro, ranked four ways. Free.
Cities in Memphis, TN-MS-AR
Atoka
Tennessee
1 ZIPs
Bartlett
Tennessee
2 ZIPs
Brighton
Tennessee
1 ZIPs
Byhalia
Mississippi
1 ZIPs
Coldwater
Mississippi
1 ZIPs
Collierville
Tennessee
1 ZIPs
Cordova
Tennessee
1 ZIPs
Covington
Tennessee
1 ZIPs
Drummonds
Tennessee
1 ZIPs
Dundee
Mississippi
1 ZIPs
Eads
Tennessee
1 ZIPs
Earle
Arkansas
1 ZIPs
Germantown
Tennessee
2 ZIPs
Gilt Edge
Tennessee
1 ZIPs
Grand Junction
Tennessee
1 ZIPs
Hernando
Mississippi
1 ZIPs
Hickory Valley
Tennessee
1 ZIPs
Horn Lake
Mississippi
1 ZIPs
Lakeland
Tennessee
1 ZIPs
Lamar
Mississippi
1 ZIPs
Marion
Arkansas
1 ZIPs
Memphis
Tennessee
28 ZIPs
Millington
Tennessee
2 ZIPs
Moscow
Tennessee
1 ZIPs
Munford
Tennessee
1 ZIPs
Nesbit
Mississippi
1 ZIPs
Oakland
Tennessee
1 ZIPs
Olive Branch
Mississippi
1 ZIPs
Potts Camp
Mississippi
1 ZIPs
Red Banks
Mississippi
1 ZIPs
Robinsonville
Mississippi
1 ZIPs
Senatobia
Mississippi
1 ZIPs
Somerville
Tennessee
1 ZIPs
Southaven
Mississippi
2 ZIPs
Tunica
Mississippi
1 ZIPs
Walls
Mississippi
2 ZIPs
Waterford
Mississippi
1 ZIPs
West Memphis
Arkansas
1 ZIPs
Williston
Tennessee
1 ZIPs
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 38109 | Memphis | TN | $94,250 | $1,154 | 9.55% | |
| 38106 | Memphis | TN | $58,544 | $926 | 12.34% | |
| 38126 | Memphis | TN | $75,860 | $842 | 8.66% | |
| 38107 | Memphis | TN | $110,265 | $1,169 | 8.27% | |
| 38127 | Memphis | TN | $91,953 | $1,068 | 9.06% | |
| 38114 | Memphis | TN | $71,723 | $923 | 10.04% | |
| 38108 | Memphis | TN | $71,901 | $910 | 9.87% | |
| 38109 | Memphis | TN | $94,247 | $1,145 | 9.47% | |
| 38106 | Memphis | TN | $58,877 | $898 | 11.90% | |
| 38112 | Memphis | TN | $126,712 | $1,376 | 8.47% | |
| 38118 | Memphis | TN | $122,783 | $1,274 | 8.09% | |
| 38107 | Memphis | TN | $105,560 | $1,217 | 8.99% | |
| 38126 | Memphis | TN | $76,376 | $842 | 8.60% | |
| 38108 | Memphis | TN | $71,013 | $934 | 10.26% | |
| 38114 | Memphis | TN | $74,331 | $998 | 10.48% | |
| 38109 | Memphis | TN | $94,250 | $1,154 | 9.55% | |
| 38106 | Memphis | TN | $58,797 | $934 | 12.39% | |
| 38126 | Memphis | TN | $75,925 | $842 | 8.65% | |
| 38114 | Memphis | TN | $71,723 | $923 | 10.04% | |
| 38127 | Memphis | TN | $92,137 | $1,070 | 9.06% | |
| 38108 | Memphis | TN | $71,667 | $949 | 10.33% | |
| 38109 | Memphis | TN | $94,539 | $1,125 | 9.28% | |
| 38105 | Memphis | TN | $111,586 | $1,158 | 8.09% | |
| 38118 | Memphis | TN | $122,783 | $1,274 | 8.09% | |
| 38106 | Memphis | TN | $57,039 | $885 | 12.11% | |
| 38126 | Memphis | TN | $77,220 | $842 | 8.51% | |
| 38107 | Memphis | TN | $109,789 | $1,249 | 8.87% | |
| 38127 | Memphis | TN | $91,542 | $1,083 | 9.23% | |
| 38114 | Memphis | TN | $76,761 | $952 | 9.67% | |
| 38108 | Memphis | TN | $70,295 | $992 | 11.00% | |
| 38105 | Memphis | TN | $106,588 | $1,124 | 8.23% | |
| 38106 | Memphis | TN | $57,108 | $913 | 12.47% | |
| 38126 | Memphis | TN | $75,925 | $842 | 8.65% | |
| 38107 | Memphis | TN | $106,788 | $1,328 | 9.70% | |
| 38127 | Memphis | TN | $92,137 | $1,070 | 9.06% | |
| 38108 | Memphis | TN | $70,324 | $920 | 10.20% | |
| 38109 | Memphis | TN | $92,218 | $1,123 | 9.49% | |
| 38106 | Memphis | TN | $57,704 | $874 | 11.81% | |
| 38126 | Memphis | TN | $77,020 | $842 | 8.53% | |
| 38107 | Memphis | TN | $113,109 | $1,246 | 8.60% | |
| 38127 | Memphis | TN | $91,608 | $1,069 | 9.10% | |
| 38114 | Memphis | TN | $72,447 | $981 | 10.56% | |
| 38108 | Memphis | TN | $73,235 | $965 | 10.28% | |
| 38109 | Memphis | TN | $93,706 | $1,172 | 9.75% | |
| 38106 | Memphis | TN | $58,877 | $898 | 11.90% | |
| 38118 | Memphis | TN | $122,803 | $1,282 | 8.14% | |
| 38107 | Memphis | TN | $105,560 | $1,217 | 8.99% | |
| 38126 | Memphis | TN | $76,399 | $842 | 8.60% | |
| 38108 | Memphis | TN | $71,013 | $934 | 10.26% | |
| 38105 | Memphis | TN | $114,191 | $1,110 | 7.58% |
Showing top 50 of 65 ZIP codes. View all →
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About Memphis, TN-MS-AR Real Estate Market
The Memphis, TN-MS-AR metropolitan statistical area (MSA) encompasses 39 cities and 65 ZIP codes. The average home value across the metro is $244,176, with an average monthly rent of $1,335. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.