{
  "schema_version": "1.0",
  "submarket": {
    "slug": "germantown-tn",
    "name": "Germantown",
    "state": "TN",
    "city": "GERMANTOWN",
    "cbsa": "Memphis",
    "zip_codes": [
      "38138",
      "38139"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-19T15:25:47.493Z",
    "last_updated_at": "2026-06-02T12:49:24.786Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1258,
        "low": 1221,
        "high": 1296,
        "mom_pct": -2.7272000000000003,
        "yoy_pct": 1.5656
      },
      "2br": {
        "median": 1552,
        "low": 1474,
        "high": 1629,
        "mom_pct": 0.4925,
        "yoy_pct": 8.179166666666667
      },
      "3br": {
        "median": 1813,
        "low": 1728,
        "high": 1898,
        "mom_pct": -3.694545454545455,
        "yoy_pct": -3.444090909090909
      },
      "4br": {
        "median": 2267,
        "low": 2253,
        "high": 2340,
        "mom_pct": 0.20000000000000004,
        "yoy_pct": 4.3500000000000005
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1319,
        "low": 1290,
        "high": 1348,
        "mom_pct": 0.040000000000000015,
        "yoy_pct": 3.69
      },
      "2br": {
        "median": 1519,
        "low": 1471,
        "high": 1568,
        "mom_pct": 1.7680000000000002,
        "yoy_pct": 3.28
      },
      "3br": {
        "median": 1969,
        "low": 1919,
        "high": 2018,
        "mom_pct": 1.5585714285714285,
        "yoy_pct": 2.781428571428571
      },
      "4br": {
        "median": 2295,
        "low": 2268,
        "high": 2368,
        "mom_pct": 0.31,
        "yoy_pct": 4.035
      }
    },
    "single_family": {
      "1br": {
        "median": 1318,
        "low": 1289,
        "high": 1347,
        "mom_pct": 0.38000000000000006,
        "yoy_pct": 5.36
      },
      "2br": {
        "median": 1364,
        "low": 1344,
        "high": 1385,
        "mom_pct": -1.2428571428571427,
        "yoy_pct": 2.315714285714286
      },
      "3br": {
        "median": 2043,
        "low": 1971,
        "high": 2114,
        "mom_pct": 4.78,
        "yoy_pct": 9.338
      },
      "4br": {
        "median": 2629,
        "low": 2493,
        "high": 2766,
        "mom_pct": 3.1,
        "yoy_pct": 5.109411764705882
      }
    }
  },
  "vacancy": 4.1196,
  "days_on_market": {
    "apartment": 33,
    "condo_townhome": 34,
    "single_family": 31
  },
  "ai_summary": [
    {
      "headline": "2BR apartment rents up 8.18% YoY",
      "body": "In the Germantown (38138, 38139) rental market, 2-bedroom apartments experienced an 8.18% year-over-year increase, with median rents reaching $1,552 in April 2026. This segment recorded the largest annual gain among apartment categories, outperforming the 1.57% rise seen in 1-bedroom apartments."
    },
    {
      "headline": "3BR single-family rises 4.78% MoM",
      "body": "Rents for 3-bedroom single-family homes in Germantown (38138, 38139) climbed 4.78% month-over-month to $2,043, compared to a 1.56% MoM increase for 3-bedroom condo/townhome units. This dollar gain highlights faster rent growth in detached homes heading into spring."
    },
    {
      "headline": "Condos command $61 premium for 1BR",
      "body": "For 1-bedroom listings, Germantown (38138, 38139) rental trends indicate condos/townhomes outperform apartments, with median rents of $1,319 versus $1,258—a $61 advantage. This difference suggests renters may be paying more for layouts or amenities offered in condo properties."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Germantown, TN range from $1,258 to $2,629 per month depending on property type and bedroom count.",
      "The biggest year-over-year increase was for single-family 3BR homes, which rose 9.34%.",
      "For 3BR properties, single-family homes have a median rent of $2,043 compared to $1,813 for apartments and $1,969 for condo/townhomes."
    ],
    "qa": [
      {
        "question": "What are the typical rent prices in Germantown, TN in April 2026?",
        "answer": "In Germantown, TN as of April 2026, median rents range from $1,258 for 1BR apartments up to $2,629 for 4BR single-family homes."
      },
      {
        "question": "How does the rent gap between condo/townhome and single-family homes compare for the same bedroom count in Germantown, TN?",
        "answer": "For 4BR homes in Germantown, TN, condo/townhomes rent for $2,295 versus $2,629 for single-family, a difference of $334; at 3BR, condo/townhomes rent for $1,969 while single-family homes are $2,043, a gap of $74."
      },
      {
        "question": "Which segment in Germantown, TN saw the largest month-over-month rent change in April 2026?",
        "answer": "Single-family 3BR homes showed the sharpest month-over-month movement with a 4.78% increase in April 2026."
      },
      {
        "question": "For which bedroom count does a property type significantly outperform the others in Germantown, TN?",
        "answer": "At 4BR, single-family homes dramatically outperform apartments ($2,629 vs $2,267) and condo/townhomes ($2,629 vs $2,295) in Germantown, TN."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1258,
          "2br": 1552,
          "3br": 1813,
          "4br": 2267
        },
        "condo_townhome": {
          "1br": 1319,
          "2br": 1519,
          "3br": 1969,
          "4br": 2295
        },
        "single_family": {
          "1br": 1318,
          "2br": 1364,
          "3br": 2043,
          "4br": 2629
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1294,
          "2br": 1544,
          "3br": 1883,
          "4br": 2263
        },
        "condo_townhome": {
          "1br": 1319,
          "2br": 1495,
          "3br": 1933,
          "4br": 2288
        },
        "single_family": {
          "1br": 1313,
          "2br": 1382,
          "3br": 1930,
          "4br": 2515
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1293,
          "2br": 1495,
          "3br": 1950,
          "4br": 2278
        },
        "condo_townhome": {
          "1br": 1323,
          "2br": 1508,
          "3br": 1946,
          "4br": 2298
        },
        "single_family": {
          "1br": 1312,
          "2br": 1385,
          "3br": 1904,
          "4br": 2493
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1283,
          "2br": 1491,
          "3br": 1933,
          "4br": 2301
        },
        "condo_townhome": {
          "1br": 1328,
          "2br": 1535,
          "3br": 1973,
          "4br": 2302
        },
        "single_family": {
          "1br": 1306,
          "2br": 1387,
          "3br": 1914,
          "4br": 2475
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1299,
          "2br": 1496,
          "3br": 1969,
          "4br": 2319
        },
        "condo_townhome": {
          "1br": 1329,
          "2br": 1532,
          "3br": 1987,
          "4br": 2310
        },
        "single_family": {
          "1br": 1307,
          "2br": 1392,
          "3br": 1896,
          "4br": 2561
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1300,
          "2br": 1536,
          "3br": 1978,
          "4br": 2326
        },
        "condo_townhome": {
          "1br": 1336,
          "2br": 1577,
          "3br": 1991,
          "4br": 2318
        },
        "single_family": {
          "1br": 1312,
          "2br": 1400,
          "3br": 1908,
          "4br": 2575
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1294,
          "2br": 1520,
          "3br": 1977,
          "4br": 2313
        },
        "condo_townhome": {
          "1br": 1348,
          "2br": 1564,
          "3br": 1988,
          "4br": 2331
        },
        "single_family": {
          "1br": 1319,
          "2br": 1410,
          "3br": 1908,
          "4br": 2580
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1282,
          "2br": 1523,
          "3br": 1956,
          "4br": 2293
        },
        "condo_townhome": {
          "1br": 1357,
          "2br": 1573,
          "3br": 2031,
          "4br": 2344
        },
        "single_family": {
          "1br": 1326,
          "2br": 1419,
          "3br": 1935,
          "4br": 2565
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 1270,
          "2br": 1511,
          "3br": 1939,
          "4br": 2266
        },
        "condo_townhome": {
          "1br": 1357,
          "2br": 1561,
          "3br": 2036,
          "4br": 2344
        },
        "single_family": {
          "1br": 1324,
          "2br": 1419,
          "3br": 1944,
          "4br": 2557
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 1256,
          "2br": 1479,
          "3br": 1934,
          "4br": 2243
        },
        "condo_townhome": {
          "1br": 1341,
          "2br": 1542,
          "3br": 2018,
          "4br": 2319
        },
        "single_family": {
          "1br": 1310,
          "2br": 1404,
          "3br": 1916,
          "4br": 2534
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 1246,
          "2br": 1436,
          "3br": 1884,
          "4br": 2218
        },
        "condo_townhome": {
          "1br": 1316,
          "2br": 1511,
          "3br": 1974,
          "4br": 2280
        },
        "single_family": {
          "1br": 1291,
          "2br": 1379,
          "3br": 1851,
          "4br": 2522
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 1236,
          "2br": 1417,
          "3br": 1868,
          "4br": 2196
        },
        "condo_townhome": {
          "1br": 1288,
          "2br": 1483,
          "3br": 1936,
          "4br": 2238
        },
        "single_family": {
          "1br": 1268,
          "2br": 1351,
          "3br": 1819,
          "4br": 2490
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/germantown-tn/",
    "self": "https://data.estaite.com/feeds/germantown-tn.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}