Data updated 2026-09-28 · 158 active rental listings analyzed · 296 SFR sales in comp window
$1,195
3BR Median Rent
$160K
Median SFR Price
5.2%
Est. Cap Rate
9.4%
Gross Yield
Rental Market by Bedroom — Berclair-Highland Heights
Median asking rent, interquartile range, and active comp count. Source: live Memphis MLS rental listings, updated 2026-09-28.
Size
Median Rent
Typical Range (P25–P75)
Active Comps
1BR
$775/mo
$750 – $850
11 listings
2BR
$950/mo
$850 – $1,000
62 listings
3BR
$1,195/mo
$1,125 – $1,495
71 listings
4BR
$1,750/mo
$1,550 – $1,925
14 listings
Investment Return Estimate
At the median Berclair-Highland Heights SFR sale price of $160,000, using median 3BR rent. Estimates assume 8% management fee, $2,240/yr taxes, $1,100/yr insurance, and $1,200/yr maintenance reserve.
Our numbers come from an operated book, not estimates. Across 35 LPS-managed STR properties with at least 4 months of operational history, our portfolio runs within 0.6 percentage point of each property's own-zip Airbtics market median occupancy — at-market, verified against two independent commercial data sources. For LTR, we reference 158 live competing Berclair-Highland Heights listings to price each door, updated weekly.
We don't claim a premium we can't prove. Our proposals include the actual comp data behind every number.
What does a 3-bedroom house rent for in Berclair-Highland Heights, Memphis?
Based on 71 active 3-bedroom rental listings in Berclair-Highland Heights as of 2026-09-28, the median asking rent is $1,195/mo (range: $1,125–$1,495/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in Berclair-Highland Heights?
The estimated cap rate in Berclair-Highland Heights is approximately 5.2%, based on a median SFR sale price of $160,000 and a median 3-bedroom annual rent of $14,340. This is a gross-income-based estimate; actual returns depend on condition, vacancy, and financing.
What is the gross rental yield in Berclair-Highland Heights?
The estimated gross yield in Berclair-Highland Heights is 9.4%, calculated from 296 SFR sales and 149 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $8,360/yr at median price and rent.
How does a Memphis property management company price rent for Berclair-Highland Heights?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 158 comparable listings in Berclair-Highland Heights with per-bedroom pricing to establish asking rent for each new property, updated weekly from portal data.
What does LPS (Longstep Property Solutions) charge for property management in Memphis?
LPS charges 8% of monthly rent for long-term rental management. There are no lease renewal fees or vacancy fees. On a $1,195/mo property in Berclair-Highland Heights, that is approximately $96/mo in management fees.
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