Rental Markets in Tennessee
DoorBase tracks rental market data across Tennessee by ZIP code. This state page is a crawlable index for investors comparing rents, cap-rate estimates, vacancy, demographics, home values, renter share, household income, and employment conditions before drilling into individual ZIP pages.
Tennessee Rental Market Overview
The current sample of indexable Tennessee ZIP markets shows average median rent of $1,600, average median home value of $372,272, average cap-rate high of 4.3%, average vacancy of 8.1%, renter ratio near 36.2%, and median household income around $73,898. These statewide figures are directional and should be used to compare markets before reviewing a specific ZIP code.
Tennessee is not one rental market. Large cities, inner suburbs, commuter towns, college markets, rural counties, resort areas, and industrial corridors can produce very different rent levels and ownership economics. DoorBase keeps the canonical content at the ZIP level so investors can move from a broad state view into the most precise local data available.
Featured Tennessee ZIP Markets
| ZIP | City | Rent | Cap Rate | Vacancy | Population |
|---|
| 37013 |
Antioch |
$1,577 |
2.4-4% |
7% |
102,055 |
| 37042 |
Clarksville |
$1,357 |
2.5-4.1% |
7.9% |
85,169 |
| 37211 |
Nashville |
$1,455 |
1.9-3.5% |
8.4% |
77,117 |
| 37128 |
Murfreesboro |
$1,702 |
2-3.6% |
5.4% |
77,016 |
| 37075 |
Hendersonville |
$1,672 |
1.5-3.1% |
5.3% |
72,541 |
| 38401 |
Columbia |
$1,586 |
2.3-3.9% |
8.8% |
66,696 |
| 37064 |
Franklin |
$2,281 |
1-2.6% |
4.1% |
66,641 |
| 37122 |
Mount Juliet |
$2,073 |
1.8-3.4% |
7.5% |
66,348 |
| 37167 |
Smyrna |
$1,699 |
2.2-3.8% |
4.2% |
63,660 |
| 37066 |
Gallatin |
$1,660 |
1.9-3.5% |
5.7% |
62,404 |
| 37040 |
Clarksville |
$1,329 |
2.3-3.9% |
6% |
62,137 |
| 37027 |
Brentwood |
$2,068 |
0.4-2% |
4.6% |
61,961 |
| 37129 |
Murfreesboro |
$1,818 |
2.1-3.7% |
8.3% |
60,615 |
| 37130 |
Murfreesboro |
$1,498 |
2.1-3.7% |
10.3% |
57,768 |
| 37043 |
Clarksville |
$1,491 |
1.9-3.5% |
5% |
57,246 |
| 38017 |
Collierville |
$1,979 |
2-3.6% |
4.2% |
56,427 |
| 37087 |
Lebanon |
$1,719 |
2-3.6% |
7% |
55,235 |
| 38305 |
Jackson |
$1,495 |
3.1-4.7% |
7% |
53,366 |
| 37421 |
Chattanooga |
$1,512 |
2.2-3.8% |
7.4% |
52,516 |
| 37174 |
Spring Hill |
$2,012 |
2-3.6% |
3.1% |
50,778 |
| 37918 |
Knoxville |
$1,631 |
2.7-4.3% |
6.4% |
45,978 |
| 37343 |
Hixson |
$1,540 |
2.2-3.8% |
6.1% |
44,572 |
| 38016 |
Cordova |
$1,506 |
2.9-4.5% |
9.2% |
44,390 |
| 38128 |
Memphis |
$1,186 |
5-6.6% |
12.3% |
44,027 |
| 38002 |
Arlington |
$1,948 |
2.6-4.2% |
1.9% |
43,868 |
| 38109 |
Memphis |
$1,162 |
8.3-9.9% |
11.5% |
43,764 |
| 37920 |
Knoxville |
$1,933 |
3.5-5.1% |
10.7% |
43,509 |
| 38111 |
Memphis |
$1,284 |
6.1-7.7% |
11% |
43,308 |
| 38125 |
Memphis |
$1,511 |
3.1-4.7% |
5.4% |
42,793 |
| 38134 |
Bartlett |
$1,222 |
3.1-4.7% |
6.3% |
42,500 |
| 38501 |
Cookeville |
$1,424 |
2.6-4.2% |
8.9% |
42,422 |
| 37221 |
Nashville |
$1,623 |
1.5-3.1% |
6.9% |
41,811 |
| 38116 |
Memphis |
$924 |
3.4-5% |
16.9% |
41,393 |
| 37115 |
Madison |
$1,494 |
2.5-4.1% |
6.2% |
41,303 |
| 37363 |
Ooltewah |
$2,106 |
2.6-4.2% |
4.4% |
40,830 |
| 37660 |
Kingsport |
$1,233 |
3.1-4.7% |
12.5% |
40,114 |
| 38127 |
Memphis |
$1,101 |
8-9.6% |
19.2% |
39,553 |
| 37207 |
Nashville |
$1,957 |
3-4.6% |
7.4% |
39,450 |
| 38118 |
Memphis |
$1,148 |
5.8-7.4% |
18.7% |
39,162 |
| 37922 |
Knoxville |
$1,840 |
1.3-2.9% |
6.5% |
39,013 |
| 37601 |
Johnson City |
$1,269 |
2.7-4.3% |
7% |
38,622 |
| 37209 |
Nashville |
$1,832 |
1.6-3.2% |
8.8% |
38,367 |
| 37604 |
Johnson City |
$1,472 |
2.9-4.5% |
10% |
38,359 |
| 38018 |
Cordova |
$1,656 |
3.3-4.9% |
5.9% |
38,357 |
| 37620 |
Bristol |
$1,405 |
3.5-5.1% |
9.1% |
38,330 |
| 37076 |
Hermitage |
$1,477 |
1.9-3.5% |
7.3% |
38,124 |
| 37086 |
La Vergne |
$2,128 |
3.7-5.3% |
5.5% |
37,786 |
| 37312 |
Cleveland |
$1,378 |
2-3.6% |
5.4% |
36,894 |
| 38115 |
Memphis |
$1,012 |
3.6-5.2% |
16.2% |
36,878 |
| 37160 |
Shelbyville |
$1,472 |
2.6-4.2% |
5.1% |
36,422 |
| 37814 |
Morristown |
$1,390 |
2.7-4.3% |
8% |
34,842 |
| 37803 |
Maryville |
$2,184 |
3-4.6% |
7.2% |
33,822 |
| 37110 |
Mc Minnville |
$1,000 |
2-3.6% |
12.7% |
33,772 |
| 37643 |
Elizabethton |
$1,029 |
2.4-4% |
11.7% |
33,690 |
| 38301 |
Jackson |
$1,217 |
5.5-7.1% |
14.9% |
33,336 |
| 37876 |
Sevierville |
$1,627 |
2-3.6% |
25.4% |
32,964 |
| 37830 |
Oak Ridge |
$1,679 |
2.9-4.5% |
10.8% |
32,519 |
| 37072 |
Goodlettsville |
$1,788 |
2.4-4% |
7% |
32,344 |
| 37067 |
Franklin |
$1,971 |
0.7-2.3% |
6.3% |
31,550 |
| 37217 |
Nashville |
$1,314 |
2.2-3.8% |
10.9% |
31,440 |
Notable ZIP Markets in This Sample
The highest estimated cap-rate band in this sample tops out at 9.9% in ZIP 38109 (Memphis).
The lowest vacancy in this sample is 1.2% in ZIP 37934 (Farragut).
The highest median rent in this sample is $2,281 in ZIP 37064 (Franklin).
The highest median household income in this sample is $156,002 in ZIP 37027 (Brentwood).
Rental Markets by City
Memphis
Memphis has 8 ZIP codes in this sample. Median rents range from $924 to $1,511. Estimated cap-rate bands reach up to 9.9% at the high end. Vacancy averages 13.9%. See ZIP 38128 for the full market profile.
Nashville
Nashville has 7 ZIP codes in this sample. Median rents range from $1,314 to $2,146. Estimated cap-rate bands reach up to 4.6% at the high end. Vacancy averages 7.9%. See ZIP 37211 for the full market profile.
Knoxville
Knoxville has 7 ZIP codes in this sample. Median rents range from $1,588 to $1,933. Estimated cap-rate bands reach up to 5.1% at the high end. Vacancy averages 8.2%. See ZIP 37918 for the full market profile.
Clarksville
Clarksville has 3 ZIP codes in this sample. Median rents range from $1,329 to $1,491. Estimated cap-rate bands reach up to 4.1% at the high end. Vacancy averages 6.3%. See ZIP 37042 for the full market profile.
Murfreesboro
Murfreesboro has 3 ZIP codes in this sample. Median rents range from $1,498 to $1,818. Estimated cap-rate bands reach up to 3.7% at the high end. Vacancy averages 8.0%. See ZIP 37128 for the full market profile.
Cleveland
Cleveland has 3 ZIP codes in this sample. Median rents range from $1,322 to $1,675. Estimated cap-rate bands reach up to 4.8% at the high end. Vacancy averages 7.8%. See ZIP 37312 for the full market profile.
Franklin
Franklin has 2 ZIP codes in this sample. Median rents range from $1,971 to $2,281. Estimated cap-rate bands reach up to 2.6% at the high end. Vacancy averages 5.2%. See ZIP 37064 for the full market profile.
Jackson
Jackson has 2 ZIP codes in this sample. Median rents range from $1,217 to $1,495. Estimated cap-rate bands reach up to 7.1% at the high end. Vacancy averages 10.9%. See ZIP 38305 for the full market profile.
Cordova
Cordova has 2 ZIP codes in this sample. Median rents range from $1,506 to $1,656. Estimated cap-rate bands reach up to 4.9% at the high end. Vacancy averages 7.5%. See ZIP 38016 for the full market profile.
Johnson City
Johnson City has 2 ZIP codes in this sample. Median rents range from $1,269 to $1,472. Estimated cap-rate bands reach up to 4.5% at the high end. Vacancy averages 8.5%. See ZIP 37601 for the full market profile.
Bartlett
Bartlett has 2 ZIP codes in this sample. Median rents range from $1,222 to $1,879. Estimated cap-rate bands reach up to 5.3% at the high end. Vacancy averages 4.3%. See ZIP 38134 for the full market profile.
Cookeville
Cookeville has 2 ZIP codes in this sample. Median rents range from $1,424 to $1,751. Estimated cap-rate bands reach up to 4.5% at the high end. Vacancy averages 7.0%. See ZIP 38501 for the full market profile.
How to Use the Tennessee Directory
Start with the state page to understand the range of rental markets, then open individual ZIP pages for the numbers that matter most to underwriting. A state average can hide important local differences. One ZIP may have stronger rent growth and lower vacancy while a nearby ZIP has better purchase prices but weaker renter demand.
The most useful investor workflow is to compare rent, cap rate, vacancy, home value, renter ratio, household income, population growth, unemployment, and job growth together. No single number is enough. A high cap-rate estimate can be offset by weak income, high vacancy, or limited tenant demand. A lower cap-rate estimate can still make sense if the market has strong income, job growth, and durable renter demand.
State Coverage and Internal Links
This page links into the canonical ZIP URL structure, such as /rentals/tn/30318, without bringing back city parent pages. That structure keeps DoorBase clean for search engines: state pages organize the directory, ZIP pages hold the canonical data, and future market guides can exist separately as heavier editorial SEO hubs.
DoorBase currently tracks 80 sampled ZIP markets across 47 Tennessee cities in this crawlable state summary. The live React page may show a broader interactive directory after JavaScript loads, while this fallback body ensures crawlers receive meaningful text and links immediately.
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