Real Estate Investing in Collierville, Tennessee (38017)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38017 (Collierville, TN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Collierville, TN (38017)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 38017 Collierville
ZIP 38017 inside Shelby County looks affordable on the surface — median value of $514K — but the discount exists for reasons that a careful buyer should understand before committing.
The 38017 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 38017 sits on the difficult end of the TN spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
The 38017 ZIP's population of 56,427 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Experienced landlords with local relationships tend to find 38017 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Collierville:
Property Strategy for 38017
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $327,152 | $1,650 | 3.6% | +5.7% | $163,576 |
| 3BR | $370,038 | $2,180 | 4.2% | +5.9% | $123,346 |
| 4BR | $525,446 | $2,540 | 3.5% | +5.9% | $131,362 |
| 5BR | $672,004 | — | — | +5.8% | $134,401 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 38017 Compare?
| Metric | 38017 | Collierville | Memphis, TN-MS-AR | Tennessee |
|---|---|---|---|---|
| Home Value | $513,709 | $513,709 | N/A | $327,001 |
| 5-Year CAGR | 3.6% | 3.6% | N/A | 7.7% |
| Avg Rent | $1,982 | $1,982 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38017 (Collierville, 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
Enterprise Property Management offers property management services in Memphis. summary from their website
Foundation Property Management offers property management services in Memphis, TN. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $513,709 |
| Monthly Rent | $1,982 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 38017
Population: 56,427
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 38017
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,387 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Collierville, TN a good investment right now?
Collierville, TN scores 3.0/5 for investability. Home values sit at $514K and rents near $1,982/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the smart move for investors in Collierville, TN?
Most investors in Collierville, TN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What are vacancy rates like in Collierville, TN?
Vacancy in Collierville, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,982/mo.
How expensive is real estate in Collierville, TN?
The median home value in Collierville, TN is roughly $514K. That puts it reasonable relative to the TN statewide average.
Does a duplex house hack pencil in Collierville, TN?
For house hackers, Collierville, TN is a challenging. The $1,982/mo rent on a unit helps defray the mortgage on a $514K property.
You know 38017 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38017 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 38017 ranks in Memphis, TN-MS-AR
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