Cheapest and most expensive ZIP codes in Tennessee
Typical home values for 587 Tennessee ZIP codes with Zillow data (2026-09). Click a ZIP for its price trend and market stats.
10 most affordable ZIP codes
| ZIP | City | County | Typical value | 6-mo change |
|---|---|---|---|---|
| 37137 | Nunnelly | Hickman County | $53,593 | -3.3% |
| 38106 | Memphis | Shelby County | $54,692 | -2.3% |
| 38108 | Memphis | Shelby County | $66,545 | -0.9% |
| 38114 | Memphis | Shelby County | $70,758 | -2.6% |
| 38126 | Memphis | Shelby County | $72,413 | -1.2% |
| 38127 | Memphis | Shelby County | $86,555 | -4.5% |
| 38109 | Memphis | Shelby County | $87,744 | -4.1% |
| 38107 | Memphis | Shelby County | $103,875 | -0.6% |
| 38259 | Trimble | Dyer County | $106,976 | -0.0% |
| 38105 | Memphis | Shelby County | $107,372 | +0.1% |
10 most expensive ZIP codes
| ZIP | City | County | Typical value | 6-mo change |
|---|---|---|---|---|
| 37046 | College Grove | Williamson County | $1,295,361 | -0.2% |
| 37014 | Arrington | Williamson County | $1,278,009 | +0.3% |
| 37027 | Brentwood | Williamson County | $1,220,331 | +0.9% |
| 37215 | Nashville | Davidson County | $1,183,640 | +0.9% |
| 37350 | Lookout Mountain | Hamilton County | $1,086,591 | +3.0% |
| 37205 | Nashville | Davidson County | $1,061,046 | +1.8% |
| 37069 | Franklin | Williamson County | $998,910 | -0.0% |
| 37204 | Nashville | Davidson County | $989,781 | +0.4% |
| 37067 | Franklin | Williamson County | $941,539 | -0.5% |
| 37220 | Nashville | Davidson County | $906,538 | +0.9% |
What these numbers mean for Tennessee buyers
The most expensive Tennessee ZIP code in this list has a typical home value 24.2 times the cheapest. The middle ZIP code is at $265,881. 418 of 587 ZIP codes are below the statewide typical value of $330,844.
Over the last six months, typical values rose in 347 of 587 ZIP codes and fell or held steady in 240.
Down payment at different price points
At the cheapest ZIP's typical value, a 3.5% down payment is $1,876 and 20% is $10,719. At the middle ZIP's value, the same down payments are $9,306 and $53,176. Add roughly 2% to 5% for closing costs.
Before you choose a ZIP code, compare Tennessee property and transfer taxes and check Tennessee first-time buyer programs, which can lower the cash you need.
Source: Zillow Home Value Index (ZHVI), mid-tier, by ZIP. ZIPs without their own Zillow series are excluded. 6-month change = last six monthly readings.
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