MarketsRun a deal in this market
State · TN
Tennessee
Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS
Strategy
Median home value
$316k
+2.8%Zillow ZHVI
Median rent
$1,750/mo
+4.5%Zillow ZORI
Gross yield
6.65%
Rent × 12 / value
Rent/price ratio
0.000%
1% rule benchmark
Median household income
$67,631
Census ACS
Owner-occupied
66.5%
Census ACS
Renter-occupied
33.5%
Census ACS
Population
-
Census ACS
What this means for LTR investors
Gross yield of 6.65% is below the 7% LTR sweet spot; you'd lean on appreciation here.
Rent grew 4.5% YoY while values moved 2.8%. That gap drives whether yield compresses or expands over time.
Renter share is 34% - a deep renter pool means lower vacancy risk in Tennessee.
Median income of $67,631 sets the affordability ceiling on rent growth.