ZIPs in Tennessee with the Most Affordable Homes

The Top 3

#1

38459 (Frankewing, TN)

Median Multiple of 0.7

#2

38348 (Lavinia, TN)

Median Multiple of 1.4

#3

38342 (Hollow Rock, TN)

Median Multiple of 1.5

About the Rankings

The Census Bureau has released the latest estimates from the American Community Survey data to estimate the median multiple. We have crunched the numbers and the rankings are in. See the ZIPs in Tennessee with the lowest median multiple below, and the highest median multiple ZIPs. Only ZIP codes with a low margin of error are included.

To determine housing affordability, we compare local home prices with local incomes. The median multiple answers the question, "how many years would it take for the median income to pay off the median home price?" Lower values indicate that incomes in the area are high enough to make it easier to pay off a home. Anything under 3 is considered affordable.

The Tennessee median multiple from the latest estimates is 3.3 and has risen 0.4% from 3.2.

This year saw several big changes. 38459 (Frankewing, TN) ranked for the first time, 38348 (Lavinia, TN) ranked for the first time, 38342 (Hollow Rock, TN) fell from #2 to #3, 38460 (Goodspring, TN) ranked for the first time, and 38232 (Hornbeak, TN) ranked for the first time.

The Top 50

#1
38459 (Frankewing, TN)
Previously unranked at 1.1
0.7
#2
38348 (Lavinia, TN)
Previously unranked at 1.4
1.4
#3
38342 (Hollow Rock, TN)
Previously #2 at 1.6
1.5
#4
38460 (Goodspring, TN)
Previously unranked at 2.0
1.6
#5
38232 (Hornbeak, TN)
Previously unranked at 2.0
1.6
#6
37134 (New Johnsonville, TN)
Previously #1 at 1.6
1.6
#7
38255 (Sharon, TN)
Previously #5 at 1.9
1.7
#8
38316 (Bradford, TN)
Previously #4 at 1.7
1.7
#9
38259 (Trimble, TN)
Previously #11 at 1.9
1.8
#10
38141 (Memphis, TN)
Previously #7 at 1.9
1.9
#11
38481 (Saint Joseph, TN)
Previously unranked at 2.1
1.9
#12
38330 (Dyer, TN)
Previously #9 at 1.9
1.9
#13
38059 (Newbern, TN)
Previously unranked at 2.1
1.9
   #14
38240 (Obion, TN)
Previously 2.0
1.9
#15
38327 (Crump, TN)
Previously unranked at 2.2
1.9
   #16
38581 (Rock Island, TN)
Previously 2.0
2.0
#17
38122 (Memphis, TN)
Previously #26 at 2.1
2.0
#18
38231 (Henry, TN)
Previously #6 at 1.9
2.0
#19
38469 (Loretto, TN)
Previously #27 at 2.1
2.0
#20
38052 (Middleton, TN)
Previously #54 at 2.3
2.0
#21
38049 (Mason, TN)
Previously unranked at 2.5
2.0
#22
38229 (Gleason, TN)
Previously #20 at 2.0
2.0
#23
38388 (Wildersville, TN)
Previously #10 at 1.9
2.0
#24
38317 (Bruceton, TN)
Previously #40 at 2.2
2.0
#25
38023 (Drummonds, TN)
Previously #43 at 2.2
2.0
#26
38133 (Memphis, TN)
Previously #25 at 2.1
2.0
#27
38472 (Lynnville, TN)
Previously unranked at 2.3
2.1
#28
38040 (Halls, TN)
Previously #35 at 2.2
2.1
#29
37829 (Oakdale, TN)
Previously #21 at 2.0
2.1
#30
38004 (Atoka, TN)
Previously #17 at 2.0
2.1
#31
38135 (Memphis, TN)
Previously #23 at 2.1
2.1
#32
37061 (Erin, TN)
Previously #19 at 2.0
2.1
#33
38390 (Yuma, TN)
Previously #34 at 2.2
2.1
#34
38541 (Allons, TN)
Previously #67 at 2.4
2.1
#35
38118 (Memphis, TN)
Previously #41 at 2.2
2.1
#36
38127 (Memphis, TN)
Previously #58 at 2.4
2.1
#37
38251 (Puryear, TN)
Previously #22 at 2.1
2.1
#38
37342 (Hillsboro, TN)
Previously #28 at 2.1
2.2
#39
37887 (Wartburg, TN)
Previously unranked at 2.6
2.2
#40
38468 (Leoma, TN)
Previously #39 at 2.2
2.2
#41
38233 (Kenton, TN)
Previously #75 at 2.4
2.2
#42
38114 (Memphis, TN)
Previously #88 at 2.5
2.2
#43
38075 (Whiteville, TN)
Previously #73 at 2.4
2.2
#44
38108 (Memphis, TN)
Previously #29 at 2.1
2.2
#45
38256 (Springville, TN)
Previously unranked at 2.4
2.2
#46
37330 (Estill Springs, TN)
Previously #31 at 2.2
2.2
#47
38106 (Memphis, TN)
Previously #48 at 2.3
2.2
#48
38006 (Bells, TN)
Previously #37 at 2.2
2.2
#49
37047 (Cornersville, TN)
Previously #63 at 2.4
2.2
#50
38474 (Mount Pleasant, TN)
Previously #44 at 2.2
2.2
* The maximum margin of error for ranking is 0.5

The Bottom 50

   #1
37402 (Chattanooga, TN)
Previously 34.2
27.5
   #2
37916 (Knoxville, TN)
Previously 9.5
12.6
   #3
37902 (Knoxville, TN)
Previously 9.3
9.7
#4
37403 (Chattanooga, TN)
Previously #5 at 6.9
8.7
#5
37212 (Nashville, TN)
Previously #4 at 8.4
8.1
#6
37408 (Chattanooga, TN)
Previously #7 at 6.0
6.5
#7
37203 (Nashville, TN)
Previously #6 at 6.9
5.9
   #8
37204 (Nashville, TN)
Previously 5.6
5.7
   #9
37205 (Nashville, TN)
Previously 5.1
5.3
#10
38504 (Allardt, TN)
Previously #17 at 4.7
5.3
#11
37206 (Nashville, TN)
Previously #13 at 4.9
5.3
#12
37208 (Nashville, TN)
Previously #31 at 4.3
5.3
#13
37215 (Nashville, TN)
Previously #11 at 5.0
5.1
#14
38487 (Williamsport, TN)
Previously #48 at 4.0
5.0
#15
38104 (Memphis, TN)
Previously #14 at 4.9
5.0
#16
37919 (Knoxville, TN)
Previously #10 at 5.0
5.0
#17
37915 (Knoxville, TN)
Previously #15 at 4.8
4.9
#18
38501 (Cookeville, TN)
Previously #12 at 5.0
4.8
#19
37375 (Sewanee, TN)
Previously #58 at 3.8
4.8
#20
37209 (Nashville, TN)
Previously #27 at 4.4
4.8
#21
37738 (Gatlinburg, TN)
Previously #19 at 4.6
4.8
#22
38455 (Elkton, TN)
Previously #33 at 4.3
4.7
#23
37405 (Chattanooga, TN)
Previously #32 at 4.3
4.7
#24
37862 (Sevierville, TN)
Previously #28 at 4.4
4.6
#25
37724 (Cumberland Gap, TN)
Previously #18 at 4.7
4.6
#26
38318 (Buena Vista, TN)
Previously #16 at 4.7
4.5
#27
37118 (Milton, TN)
Previously #20 at 4.6
4.5
#28
37350 (Lookout Mountain, TN)
Previously #21 at 4.6
4.4
#29
38543 (Alpine, TN)
Previously #55 at 3.8
4.3
#30
37078 (Hurricane Mills, TN)
Previously #400 at 2.6
4.3
#31
38545 (Bloomington Springs, TN)
Previously #82 at 3.5
4.3
#32
37863 (Pigeon Forge, TN)
Previously #26 at 4.5
4.3
#33
37210 (Nashville, TN)
Previously #41 at 4.1
4.3
#34
37882 (Townsend, TN)
Previously #46 at 4.0
4.2
#35
38076 (Williston, TN)
Previously #501 at 2.3
4.2
#36
37219 (Nashville, TN)
Previously #24 at 4.5
4.2
#37
37023 (Big Rock, TN)
Previously #43 at 4.0
4.2
#38
38558 (Crossville, TN)
Previously #37 at 4.1
4.2
#39
37774 (Loudon, TN)
Previously #35 at 4.2
4.2
   #40
37909 (Knoxville, TN)
Previously 4.1
4.2
#41
37014 (Arrington, TN)
Previously #47 at 4.0
4.2
#42
37777 (Louisville, TN)
Previously #23 at 4.5
4.1
#43
38347 (Jacks Creek, TN)
Previously unranked
4.1
#44
37150 (Red Boiling Springs, TN)
Previously #71 at 3.6
4.1
#45
37683 (Mountain City, TN)
Previously #29 at 4.4
4.1
#46
38068 (Somerville, TN)
Previously #60 at 3.8
4.0
#47
37130 (Murfreesboro, TN)
Previously #44 at 4.0
4.0
#48
37394 (Viola, TN)
Previously unranked
4.0
#49
37027 (Brentwood, TN)
Previously #52 at 3.9
4.0
#50
38046 (La Grange, TN)
Previously #22 at 4.6
4.0
* The maximum margin of error for ranking is 15.0


Data from the U.S. Census Bureau American Community Survey 5-year estimates for 2017.

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