Data updated 2026-09-28 · 363 active rental listings analyzed · 594 SFR sales in comp window
$1,165
3BR Median Rent
$145K
Median SFR Price
5.5%
Est. Cap Rate
9.8%
Gross Yield
Rental Market by Bedroom — Whitehaven
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
$685/mo
$650 – $910
42 listings
2BR
$799/mo
$770 – $975
59 listings
3BR
$1,165/mo
$1,025 – $1,335
202 listings
4BR
$1,290/mo
$1,125 – $1,395
54 listings
5BR
$1,650/mo
$1,590 – $1,700
6 listings
Investment Return Estimate
At the median Whitehaven SFR sale price of $145,000, using median 3BR rent. Estimates assume 8% management fee, $2,030/yr taxes, $1,100/yr insurance, and $1,142/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 363 live competing Whitehaven 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 Whitehaven, Memphis?
Based on 202 active 3-bedroom rental listings in Whitehaven as of 2026-09-28, the median asking rent is $1,165/mo (range: $1,025–$1,335/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in Whitehaven?
The estimated cap rate in Whitehaven is approximately 5.5%, based on a median SFR sale price of $145,000 and a median 3-bedroom annual rent of $13,980. This is a gross-income-based estimate; actual returns depend on condition, vacancy, and financing.
What is the gross rental yield in Whitehaven?
The estimated gross yield in Whitehaven is 9.8%, calculated from 594 SFR sales and 485 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $8,008/yr at median price and rent.
How does a Memphis property management company price rent for Whitehaven?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 363 comparable listings in Whitehaven 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 $1,165/mo property in Whitehaven, that is approximately $93/mo in management fees.
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