Nashville-Davidson--Murfreesboro--Franklin, TN
N/A transactions last 30d
6.78%
gross yield
$2,325
Median rent
$406,025
Avg home value
N/A
30d transactions
Market data updated Jul 1, 2026
Tennessee Average Rent & Rental Yield
Screen Tennessee rental return signals with average asking rent (median), gross rental yield, home value, and transaction activity. Use this page as a market-level starting point before underwriting individual properties, operators, or borrower prospects.
7.64%
Gross Rental Yield
$1,950
Median Rent
$305,806
Avg Home Value
N/A
Transactions (30d)
Average rent in Tennessee
The median asking rent in Tennessee is $1,950 as of July 2026, based on active rental listings statewide. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $305,806, that rent level prices Tennessee at a 7.64% gross rental yield. Rent and yield vary widely by metro — use the metro breakdown below to compare individual Tennessee markets.
Rental yield snapshot for Tennessee
Gross rental yield is a first-pass market screen. It does not include taxes, insurance, repairs, vacancies, financing, or property-level operating differences. Pair it with observed transaction activity before choosing where to prospect.
N/A
Median Sale Price
N/A
Active Listings
N/A
Avg Days on Market
N/A
Months of Supply
N/A
Price Reduced
Jul 1, 2026
Market Data Date
Metro market heatmap
Featured metros combine the largest Tennessee markets by transaction activity with the highest gross-yield markets, so both demand centers and return outliers stay visible in one screen.
Tennessee metro market heatmap
Each metro tile shows rent, value, transaction context, and a direct path into the Rental Insights workflow.
Under 5.5%5.5% to <6.5%6.5% to <7.5%7.5%+
Knoxville, TN
N/A transactions last 30d
7.74%
gross yield
$2,100
Median rent
$320,368
Avg home value
N/A
30d transactions
Memphis, TN-MS-AR
N/A transactions last 30d
10.01%
gross yield
$1,525
Median rent
$179,020
Avg home value
N/A
30d transactions
Chattanooga, TN-GA
N/A transactions last 30d
7.81%
gross yield
$2,000
Median rent
$304,688
Avg home value
N/A
30d transactions
Kingsport-Bristol, TN-VA
N/A transactions last 30d
9.87%
gross yield
$1,650
Median rent
$192,669
Avg home value
N/A
30d transactions
Johnson City, TN
N/A transactions last 30d
8.60%
gross yield
$1,800
Median rent
$235,624
Avg home value
N/A
30d transactions
Jackson, TN
N/A transactions last 30d
10.48%
gross yield
$1,650
Median rent
$188,160
Avg home value
N/A
30d transactions
Greeneville, TN
N/A transactions last 30d
9.01%
gross yield
$1,500
Median rent
$166,531
Avg home value
N/A
30d transactions
Lawrenceburg, TN
N/A transactions last 30d
9.12%
gross yield
$1,450
Median rent
$157,759
Avg home value
N/A
30d transactions
Paris, TN
N/A transactions last 30d
11.42%
gross yield
$1,200
Median rent
$137,095
Avg home value
N/A
30d transactions
Martin, TN
N/A transactions last 30d
11.22%
gross yield
$1,200
Median rent
$130,392
Avg home value
N/A
30d transactions
Dyersburg, TN
N/A transactions last 30d
10.32%
gross yield
$1,250
Median rent
$134,912
Avg home value
N/A
30d transactions
Metro
Gross Yield
Median Rent
Avg Home Value
30d Transactions
Nashville-Davidson--Murfreesboro--Franklin, TN
TN
6.78%
$2,325
$406,025
N/A
Knoxville, TN
TN
7.74%
$2,100
$320,368
N/A
Memphis, TN-MS-AR
TN
10.01%
$1,525
$179,020
N/A
Chattanooga, TN-GA
TN
7.81%
$2,000
$304,688
N/A
Kingsport-Bristol, TN-VA
TN
9.87%
$1,650
$192,669
N/A
Johnson City, TN
TN
8.60%
$1,800
$235,624
N/A
Jackson, TN
TN
10.48%
$1,650
$188,160
N/A
Greeneville, TN
TN
9.01%
$1,500
$166,531
N/A
Lawrenceburg, TN
TN
9.12%
$1,450
$157,759
N/A
Paris, TN
TN
11.42%
$1,200
$137,095
N/A
Martin, TN
TN
11.22%
$1,200
$130,392
N/A
Dyersburg, TN
TN
10.32%
$1,250
$134,912
N/A
All Tennessee rental markets
Average rent and rental yield reports for every covered Tennessee metro (25 markets).
- Athens, TN8.30% yield
- Chattanooga, TN-GA7.81% yield
- Clarksville, TN-KY7.23% yield
- Cleveland, TN7.75% yield
- Cookeville, TN7.38% yield
- Crossville, TN8.12% yield
- Dyersburg, TN10.32% yield
- Fayetteville, TN8.80% yield
- Greeneville, TN9.01% yield
- Jackson, TN10.48% yield
- Johnson City, TN8.60% yield
- Kingsport-Bristol, TN-VA9.87% yield
- Knoxville, TN7.74% yield
- Lawrenceburg, TN9.12% yield
- Lewisburg, TN7.91% yield
- Martin, TN11.22% yield
- Mcminnville, TN8.52% yield
- Memphis, TN-MS-AR10.01% yield
- Morristown, TN8.50% yield
- Nashville-Davidson--Murfreesboro--Franklin, TN6.78% yield
- Paris, TN11.42% yield
- Sevierville, TN7.48% yield
- Shelbyville, TN7.65% yield
- Tullahoma-Manchester, TN7.67% yield
- Winchester, TN7.96% yield
Turn Tennessee rental signals into a target list
Use yield context to prioritize a market, then move into rental listings, active investors, borrower prospects, or a custom data pull for your team.