Most affordable ZIP codes in Tennessee
Top 25 most affordable ZIP codes in Tennessee by median home value. #1 is 38126 (Memphis) at about $59,000. Compare housing affordability on US5.
These ZIP codes have the lowest median home values in Tennessee among areas with enough population for a meaningful comparison.
Statewide, the average median home value across ZIP codes is about $223,587. The codes below sit toward the more affordable end of that distribution.
Most affordable on this board: 38126 (Memphis) at about $59,000; 38108 (Memphis) at about $62,600; 38106 (Memphis) at about $66,400.
Open any ZIP for a full demographics, income, and housing profile, or return to the Tennessee state page for the complete ZIP table.
Ranked ZIP codes
| # | ZIP | City | County | Home value | Population | Income | Home value |
|---|---|---|---|---|---|---|---|
| 1 | 38126 | Memphis | Shelby County | $59,000 | 5,723 | $30,825 | $59,000 |
| 2 | 38108 | Memphis | Shelby County | $62,600 | 18,501 | $35,435 | $62,600 |
| 3 | 38106 | Memphis | Shelby County | $66,400 | 21,827 | $29,818 | $66,400 |
| 4 | 38105 | Memphis | Shelby County | $75,400 | 5,151 | $29,316 | $75,400 |
| 5 | 38109 | Memphis | Shelby County | $76,600 | 43,764 | $36,934 | $76,600 |
| 6 | 37753 | — | Cocke County | $78,300 | 1,075 | $51,728 | $78,300 |
| 7 | 38114 | Memphis | Shelby County | $79,000 | 20,440 | $32,080 | $79,000 |
| 8 | 38080 | Bogota | Lake County | $80,200 | 2,492 | $33,750 | $80,200 |
| 9 | 38450 | Collinwood | Wayne County | $80,300 | 2,633 | $42,773 | $80,300 |
| 10 | 38232 | Hornbeak | Obion County | $81,100 | 2,254 | $49,438 | $81,100 |
| 11 | 37710 | Briceville | Anderson County | $82,500 | 1,136 | $29,646 | $82,500 |
| 12 | 38127 | Memphis | Shelby County | $82,500 | 39,553 | $37,768 | $82,500 |
| 13 | 37407 | Chattanooga | Hamilton County | $84,600 | 10,164 | $33,785 | $84,600 |
| 14 | 38231 | Henry | Henry County | $86,800 | 2,012 | $38,810 | $86,800 |
| 15 | 38037 | Gates | Haywood County | $89,000 | 1,556 | $45,948 | $89,000 |
| 16 | 38041 | Henning | Lauderdale County | $90,400 | 4,328 | $45,969 | $90,400 |
| 17 | 38233 | Kenton | Gibson County | $90,900 | 2,795 | $55,481 | $90,900 |
| 18 | 38220 | Atwood | Carroll County | $92,400 | 1,824 | $43,698 | $92,400 |
| 19 | 38258 | Trezevant | Carroll County | $92,800 | 1,384 | $52,150 | $92,800 |
| 20 | 37729 | — | Campbell County | $93,000 | 1,266 | $41,949 | $93,000 |
| 21 | 38230 | Greenfield | Weakley County | $95,600 | 3,708 | $52,633 | $95,600 |
| 22 | 38118 | Memphis | Shelby County | $95,700 | 39,162 | $42,464 | $95,700 |
| 23 | 37756 | Huntsville | Scott County | $96,300 | 2,980 | $33,988 | $96,300 |
| 24 | 38391 | — | Madison County | $97,500 | 1,507 | $74,145 | $97,500 |
| 25 | 37365 | Palmer | Grundy County | $97,600 | 1,729 | $50,962 | $97,600 |
Frequently asked questions
What are the most affordable ZIP codes in Tennessee?
By median home value, 38126 (Memphis) is near the top of the affordable list at about $59,000. Compare the ranked table below for more options.
How does US5 rank ZIP codes in Tennessee?
We rank indexable ZIP codes with positive median home values and a population floor from low to high home value.
Where can I explore all ZIP codes in Tennessee?
Visit the Tennessee state page for the full ZIP table, demographics summary, and sortable income/housing columns.