Data updated 2026-09-28 · 191 active rental listings analyzed · 143 SFR sales in comp window
$1,200
3BR Median Rent
$127K
Median SFR Price
6.6%
Est. Cap Rate
11.4%
Gross Yield
Rental Market by Bedroom — Orange Mound
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
$700/mo
$699 – $750
17 listings
2BR
$840/mo
$755 – $895
61 listings
3BR
$1,200/mo
$995 – $1,395
65 listings
4BR
$1,550/mo
$1,450 – $1,680
46 listings
5BR
$2,600/mo
$2,600 – $2,600
2 listings
Investment Return Estimate
At the median Orange Mound SFR sale price of $126,500, using median 3BR rent. Estimates assume 8% management fee, $1,771/yr taxes, $1,100/yr insurance, and $1,152/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 191 live competing Orange Mound 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 Orange Mound, Memphis?
Based on 65 active 3-bedroom rental listings in Orange Mound as of 2026-09-28, the median asking rent is $1,200/mo (range: $995–$1,395/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in Orange Mound?
The estimated cap rate in Orange Mound is approximately 6.6%, based on a median SFR sale price of $126,500 and a median 3-bedroom annual rent of $14,400. This is a gross-income-based estimate; actual returns depend on condition, vacancy, and financing.
What is the gross rental yield in Orange Mound?
The estimated gross yield in Orange Mound is 11.4%, calculated from 143 SFR sales and 121 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $8,361/yr at median price and rent.
How does a Memphis property management company price rent for Orange Mound?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 191 comparable listings in Orange Mound 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 $1,200/mo property in Orange Mound, that is approximately $96/mo in management fees.
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