Real Estate Investing in Shelby, Tennessee

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

7 ZIP codes • Population: 43,504

Should you buy in Shelby County, TN? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (84/100)

Solid choice β€” stable market with a reasonable entry point and good rental backup if you ever need to move.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market β€” rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Shelby County, TN?

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3.0/ 5

Investability

County-wide average

2.0/ 5

Appreciation

3.4% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $39,965
Avg Monthly Rent $1,517
ZIP Codes 7

Investing in Shelby County Real Estate

Across Shelby County's 7 ZIPs, the picture is muted β€” soft rents, slow appreciation, and demographic headwinds that don't obviously reverse in the medium term.

Investors considering Shelby, Tennessee should understand what the β˜…β˜…β˜…β˜†β˜† rating represents β€” a region with material challenges, not a temporary rough patch.

The 0% renter share in Shelby masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Shelby County, TN. Anonymous, moderated, never written by AI.

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Property managers serving Shelby County

Manage rentals here? List your business →

Advantage Property Management offers property management services in Memphis, TN, and surrounding areas, including Section 8 property management, maintenance, and renovations. summary from their website

Section 8
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Enterprise Property Management offers property management services in Memphis. summary from their website

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Foundation Property Management offers property management services in Memphis, TN. summary from their website

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Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$39,965
Avg Monthly Rent
$1,517
1% Rule
βœ“ Passes
Landlord Friendly (TN)
β˜…β˜…β˜…β˜…β˜…

πŸŽ“ Colleges & Universities in Shelby County

20 Colleges 40,987 Students 5,767 Off-Campus Renters
B
Rhodes College
4-Year Private Β· 1,952 students
B
Mid-South Christian College
4-Year Private Β· 32 students
C+
University of Memphis
4-Year Public Β· 21,736 students
πŸ“ ~2,760 students rent off-campus
C+
Baptist Health Sciences University
4-Year Private Β· 755 students
C+
Visible Music College
4-Year Private Β· 182 students
C+
Gould's Academy
Vocational For-Profit Β· 164 students
C+
Massage Institute of Memphis
Vocational For-Profit Β· 20 students
C
The University of Tennessee Health Science Center
4-Year Public Β· 3,121 students
C
Christian Brothers University
4-Year Private Β· 2,043 students
C
Tennessee College of Applied Technology-Memphis
2-Year Public Β· 1,691 students
πŸ“ ~620 students rent off-campus
C
Le Moyne-Owen College
4-Year Private Β· 646 students
C
Vibe Barber College
Vocational For-Profit Β· 63 students
C
Health-Tech Institute of Memphis
Vocational For-Profit Β· 4 students
C
Southwest Tennessee Community College
2-Year Public Β· 6,980 students
πŸ“ ~2,387 students rent off-campus
C
William R Moore College of Technology
2-Year Private Β· 461 students
C
Studio 75 Hair Academy
Vocational For-Profit Β· 12 students
C
Southern College of Optometry
4-Year Private Β· 525 students
C
Memphis Theological Seminary
4-Year Private Β· 195 students
C
Empire Beauty School-E Memphis
Vocational For-Profit Β· 216 students
D
Paul Mitchell the School-Memphis
Vocational For-Profit Β· 189 students

Investor Insight: With 5,767 students living off-campus, Shelby County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Shelby County

ZIP Codes in Shelby County, TN

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Frequently Asked Questions About Shelby County

How does, TN rate as a rental market?

Investors tracking, TN will find a 3.0/5 rating supported by $40K median home values and $1,517/mo rents. That profile suits long-term holders targeting stable returns.

What is it like being a landlord in, TN?

The landlord environment in, TN is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.

Is vacancy a concern in, TN?

, TN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

Are home values higher in, TN than the rest of TN?

Compared with TN overall, is broadly in line with on price and yield. $40K homes against $1,517/mo rents drive the comparison.

Community Ratings

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