Data updated 2026-09-28 · 308 active rental listings analyzed · 567 SFR sales in comp window
$1,595
3BR Median Rent
$232K
Median SFR Price
4.5%
Est. Cap Rate
8.2%
Gross Yield
Rental Market by Bedroom — Hickory Hill
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
$840/mo
$825 – $840
8 listings
2BR
$950/mo
$875 – $1,195
38 listings
3BR
$1,595/mo
$1,435 – $1,750
210 listings
4BR
$1,975/mo
$1,745 – $2,470
47 listings
5BR
$1,565/mo
$1,565 – $1,565
5 listings
Investment Return Estimate
At the median Hickory Hill SFR sale price of $232,000, using median 3BR rent. Estimates assume 8% management fee, $3,248/yr taxes, $1,100/yr insurance, and $1,526/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 308 live competing Hickory Hill 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.
Frequently Asked Questions — Hickory Hill Rental Market
What does a 3-bedroom house rent for in Hickory Hill, Memphis?
Based on 210 active 3-bedroom rental listings in Hickory Hill as of 2026-09-28, the median asking rent is $1,595/mo (range: $1,435–$1,750/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in Hickory Hill?
The estimated cap rate in Hickory Hill is approximately 4.5%, based on a median SFR sale price of $232,000 and a median 3-bedroom annual rent of $19,140. This is a gross-income-based estimate; actual returns depend on condition, vacancy, and financing.
What is the gross rental yield in Hickory Hill?
The estimated gross yield in Hickory Hill is 8.2%, calculated from 567 SFR sales and 420 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $10,534/yr at median price and rent.
How does a Memphis property management company price rent for Hickory Hill?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 308 comparable listings in Hickory Hill 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 $1,595/mo property in Hickory Hill, that is approximately $128/mo in management fees.
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