CalculateRealEstateROI

State Profile

Tennessee Investment Profile

Tennessee, led by Nashville and Memphis, offers landlord-friendly law and no income tax.

Reviewed by Keiron Brown, Founder & Editor, CalculateRealEstateROI · Educational estimates only — not investment, financial, tax, or legal advice

Tracked metros

2

Avg yield

7.5%

Avg 5-yr appreciation

54%

Landlord friendliness

7.0 / 10

Opportunities

  • No state income tax
  • Music, healthcare, logistics employment

Risks

  • Cap-rate compression in Nashville core
  • Submarket disparity in Memphis

Cash flow outlook

Above-average cash flow potential relative to the national panel.

Appreciation outlook

Healthy appreciation track record with room to run.

Tracked metros

MetroYieldCap rate5-yr appr.Vacancy
Nashville5.8%5.2%+75%5.8%
Memphis9.2%8.5%+32%9.0%

Other state profiles