Written by: Ashley Durmo
Introduction
Memphis, TN, known as the Home of the Blues and the Birthplace of Rock ‘n’ Roll, offers incredible investment opportunities for short-term rental investors. From bustling cultural hubs to up-and-coming neighborhoods, these areas provide high gross yields and impressive annual revenues. Let’s dive into the top zip codes for maximizing your investment in Memphis.
38126: South Memphis & Downtown Proximity
- Gross Yield: 43%
- Annual Revenue: $32,439
- Zillow Home Value: $75.5K
Zip code 38126 is located in South Memphis, close to the heart of downtown and near major attractions like Beale Street and the National Civil Rights Museum. With a gross yield of 43%, this area is one of the most profitable for short-term rental investments. The affordable Zillow home value of $75.5K paired with an annual revenue of $32,439 makes it a prime choice for investors. The neighborhood’s proximity to key cultural sites and recent redevelopment efforts are attracting both tourists and business travelers.
38108: North Memphis & Shelby Forest Area
- Gross Yield: 41%
- Annual Revenue: $28,082
- Zillow Home Value: $69.3K
Situated in North Memphis, zip code 38108 features a gross yield of 41%, with an annual revenue of $28,082 and a Zillow home value of $69.3K. This area has historically been more industrial but is now seeing a rise in interest due to its affordability and potential for growth. Investors can take advantage of the neighborhood’s proximity to Shelby Forest and emerging development projects. It’s ideal for budget-conscious guests and families looking for a more peaceful experience.
