The Census Bureau has released the latest estimates from the American Community Survey data to estimate the median home value. We have crunched the numbers and the rankings are in. See the ZIPs in Tennessee with the lowest median home value below, and the highest median home value ZIPs. Only ZIP codes with a low margin of error are included.
For those that are looking for the benefits of home ownership without breaking the bank, the areas below may be for you. Since 2013, U.S. Google searches for "fixer upper" have increased more than 30 times, and an inexpensive home is the best place to start. Potential buyers beware though: be sure to check how the rankings have changed in recent years to make sure the local housing market isn't crashing.
The Tennessee median home value from the latest estimates is $167,500 and has risen 6.2% from $157,700.
This year saw several big changes. 38126 (Memphis, TN) rose from #2 to #1, 38108 (Memphis, TN) fell from #1 to #2, 38342 (Hollow Rock, TN) ranked for the first time, 38114 (Memphis, TN) rose from #6 to #5, and 38127 (Memphis, TN) rose from #7 to #6.