Neighborhood
Harbor Town
Memphis, Tennessee US
Harbor Town, Memphis, Tennessee presents a yield-focused profile with gross yield of 7.8 and prices about 6% above the city median and 38% below the state median. Prices are up 50.0% over the past year, indicating strong recent movement, while the Red Flag score of 51 suggests moderate overall risk. Walkability is 52, and education is in the 5th percentile.
AI Summary•Updated May 2026
Area
6.10 mi²
ZIP Code
38107
County
Shelby County
State
Tennessee
Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024
Verified Price · Median Sale
$179,947
YoY+50.0%
Gross Rental Yield
7.8%
Listed rent · ZORI annualized
Red Flag Index
Moderate
51 / 100
Walkability Score
52
OpenStreetMap POI density · national percentile
Education Score
5 / 100
Pre-pandemic SEDA (2018/19) · district proxy
AI Score
66
DistrictScore attractiveness · national model
Harbor Town Property Prices & Rental Yield
Verified Redfin sale data and Zillow ZORI asking rent for Harbor Town, Memphis.
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Sign in to view — freeMarket Economics Snapshot
May 2026| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $179,947 | +50.0% |
| Price / Sq Ft (Verified) | $132/sqft | +0.3% |
| Asking Rent (Median) | $1,169/mo | +9.6% |
| Gross Rental Yield | 7.8% | — |
| Liquidity Score | 21 / 100 | Low |
| Homes Sold (Period) | 42 | +61.5% |
Is Harbor Town Safe? Natural-Hazard Risk
FEMA National Risk Index composite across eight hazards, plus inherited Tennessee crime context.
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Sign in to view — free What Stands Out AI Insight
Above-average gross rental yield at 7.8%
Appreciating market — +50.0% sale-price YoY
Active transaction volume — 42 homes sold last period
Earthquake risk is Very High (100/100)
Tornado risk is Very High (80/100)
Insights are generated from Harbor Town's live DistrictScore metrics.
Harbor Town Environment & Safety
Satellite PM2.5 air-quality history, FBI UCR crime trend (Tennessee-level, the finest official aggregation), EPA radon potential and point-source hazard screening.
Air Quality — PM2.5
2015–20245.9 µg/m³ Meets EPA, above WHO guideline+0.2% since 2015
EPA 9WHO 5
20152024
Annual mean fine-particle (PM2.5) concentration at the Harbor Town centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 47% of U.S. neighborhoods.
Tennessee Crime Trend
FBI UCR20132024
All crimes / 1k
Violent / 1k
| Year | Crimes / 1k | Violent / 1k | YoY |
|---|---|---|---|
| 2024 | 26.2 | 5.9 | -11.8% |
| 2023 | 30.1 | 6.4 | +2.8% |
| 2022 | 29.7 | 6.4 | +2.6% |
| 2021 | 29.3 | 6.7 | -6.4% |
| 2020 | 31.7 | 6.7 | -2.1% |
| 2019 | 32.6 | 6.0 | — |
Reported at the state level — the finest official US crime aggregation; Harbor Town inherits the Tennessee figures.
Radon Potential
EPAZone 3
Zone 3 — Lowest potential · Harbor Town
EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.
Environmental Hazards
EPA / BTSSuperfund (NPL)3.5 kmModerate
Industrial odor7 nearbyVery High
Point-source screening near Harbor Town: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.
Walkability & Amenities in Harbor Town
Amenity density and pedestrian access from OpenStreetMap points of interest.
Walkability & Amenities
OpenStreetMap POI52
Somewhat Walkable
Walkability Score
0
Grocery
4
Dining
14
Schools
0
Universities
1
Hospitals
1
Pharmacies
10
Parks
5
Rail Transit
0
Coworking
POI counts are amenities within Harbor Town's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.
Harbor Town vs Memphis vs Tennessee
How Harbor Town benchmarks against its city and state medians.
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Sign in to view — freeBuying Property in the US as a Foreigner
Federal & Tennessee tax facts for non-resident buyers, plus the latest local market news.
Buying as a Foreigner
US Tax & OwnershipApplies to everyone7
Capital Gains (Federal)
Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).
Property Tax
Property tax: ~0.46% average effective rate (statewide average; set and collected locally).
State Income Tax
No state income tax — rental income is not taxed at the state level.
State Capital Gains
No state capital gains tax.
Transfer Tax
Real estate transfer tax: 0.37%.
Assessment Cap
No Proposition 13-style assessment cap; property is reassessed at market value.
Mansion Tax / Rent Control
No statewide mansion tax or statewide rent control.
US citizens & tax residents6
Primary-Home Exclusion
Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.
1031 Like-Kind Exchange
A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.
Depreciation Recapture
Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).
Mortgage Interest Deduction
Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).
Opportunity Zones
Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.
Rental Income (Resident)
Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.
Foreign buyers (non-residents)5
FIRPTA (Foreign Sellers)
FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.
Non-Resident Capital Gains
Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.
Non-Resident Rental Tax
Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).
Estate Tax (Non-Resident)
Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.
ITIN Requirement
Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.
Talk to a US real-estate tax advisor
FIRPTA, ITIN & Tennessee property-tax guidance for foreign buyers
Harbor Town Real Estate FAQ
Harbor Town, Memphis, Tennessee has gross yield of 7.8 and prices about 6% above the city median and 38% below the state median. Prices are up 50.0% over the past year, while the Red Flag score of 51 indicates moderate overall risk.
Neighborhoods near Harbor Town
Compare Harbor Town with nearby neighborhoods in Memphis.
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