Market Report · Updated May 2026
Memphis Cash Home Buyer Report — May 2026
We ranked every Memphis ZIP code in our buy-box by gross rental yield. The table below shows the 20 highest-yield ZIPs — these are the markets where Oxbow is most actively making cash offers right now.
Memphis Snapshot
Across 20 Memphis ZIP codes, home values range from $125,658 to $302,390. The average gross rental yield (annual rent ÷ home value) is 8.0%, which is the key metric we use to identify cash-friendly markets — higher yield means a stronger investor exit, which means we can pay more for your home.
Top 20 Memphis ZIPs by Yield
Ranked by gross rental yield (annual rent ÷ median home value). All data sourced from Zillow Research (ZHVI + ZORI), May 2026. Click any ZIP to get a cash offer on a property there.
| Rank | ZIP | City | Median Value | Median Rent | Gross Yield | |
|---|---|---|---|---|---|---|
| 1 | 38118 | Memphis, TN | $126,190 | $1,264/mo | 12% | Cash offer → |
| 2 | 38112 | Memphis, TN | $126,825 | $1,246/mo | 11.8% | Cash offer → |
| 3 | 38111 | Memphis, TN | $133,389 | $1,250/mo | 11.2% | Cash offer → |
| 4 | 38122 | Memphis, TN | $125,658 | $1,138/mo | 10.9% | Cash offer → |
| 5 | 38128 | Memphis, TN | $149,717 | $1,260/mo | 10.1% | Cash offer → |
| 6 | 38141 | Memphis, TN | $191,303 | $1,541/mo | 9.7% | Cash offer → |
| 7 | 38637 | Horn Lake, MS | $202,329 | $1,495/mo | 8.9% | Cash offer → |
| 8 | 38671 | Southaven, MS | $235,374 | $1,575/mo | 8% | Cash offer → |
| 9 | 38115 | Memphis, TN | $170,257 | $1,074/mo | 7.6% | Cash offer → |
| 10 | 38053 | Millington, TN | $243,109 | $1,538/mo | 7.6% | Cash offer → |
| 11 | 38018 | Memphis, TN | $292,178 | $1,789/mo | 7.3% | Cash offer → |
| 12 | 38135 | Bartlett, TN | $300,067 | $1,816/mo | 7.3% | Cash offer → |
| 13 | 38117 | Memphis, TN | $268,238 | $1,619/mo | 7.2% | Cash offer → |
| 14 | 38133 | Bartlett, TN | $267,895 | $1,519/mo | 6.8% | Cash offer → |
| 15 | 38016 | Cordova, TN | $298,700 | $1,619/mo | 6.5% | Cash offer → |
| 16 | 38019 | Covington, TN | $208,971 | $1,038/mo | 6% | Cash offer → |
| 17 | 38134 | Memphis, TN | $227,636 | $1,066/mo | 5.6% | Cash offer → |
| 18 | 38119 | Memphis, TN | $302,390 | $1,393/mo | 5.5% | Cash offer → |
| 19 | 72364 | Marion, AR | $237,278 | $1,059/mo | 5.4% | Cash offer → |
| 20 | 38104 | Memphis, TN | $270,746 | $1,107/mo | 4.9% | Cash offer → |
How We Use This Data
At Oxbow Home Solutions, we make cash offers in markets where the math works for both sides. A higher gross rental yield means investors — our typical exit buyers — can hit their target return at a higher acquisition price. That lets us pay more for your home than we could in a low-yield market.
This report is part of our free seller resources. It updates monthly from public Zillow Research data, so the numbers stay current. If you own a home in any of the ZIPs listed above, we are actively buying — request a cash offer and we will respond within 24 hours.
Sources & Methodology
- Home values: Zillow Home Value Index (ZHVI), single-family residential, mid-tier (0.33-0.67), seasonally adjusted, smoothed. zillow.com/research/data/
- Rents: Zillow Observed Rent Index (ZORI), single-family + condo + multi-family blend, seasonally adjusted, smoothed.
- Filter: ZIP must have median home value in our buy-box range and median rent of $1,000+/month.
- Yield calculation: (Median rent × 12) ÷ Median home value. Gross yield, before taxes/insurance/maintenance.
- Updated: May 2026. We regenerate this report whenever Zillow ships their monthly data refresh (typically the 16th of each month).
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