New historically styled properties in Westhaven, an upscale deliberate group in Franklin, Tennessee. … [+]
In latest evaluation, we analyzed and decided the costliest ZIP codes in a set of Southern states, together with Louisiana, Mississippi, Arkansas, Virginia, and North Carolina. We needed to point now to a particular state all through the U.S. South — Tennessee.
Tennessee seen some explosive progress in residence values over the previous 5 years. Whereas this was a typical progress all by way of the nation, the house value appreciation in Tennessee housing markets has been distinctive. Examine on to hunt out out the costliest ZIP codes in Tennessee in 2024, based completely on the newest information from Zillow’s residence value index.
The Most Dear ZIP Codes In Tennessee
Utilizing information from Zillow’s residence value index, we analyzed tens of a lot of of ZIP codes all by way of America as a way to assemble our pointers of the easiest 25 costliest ZIP codes in Tennessee. As a part of our evaluation, we took into consideration the newest month-to-month residence values Zillow has — December 2024 — together with the usual of 12 months of median residence values from January 2024 to December 2024.
Some very clear patterns emerge from this evaluation. Nearly your entire costliest ZIP codes in Tennessee are contained all by way of the Nashville metropolitan home; that talked about, the Nashville metro home is large. Beneath are the 25 costliest ZIP codes in Tennessee.
The Prime 5 Most Dear ZIP Codes In Tennessee
ZIP code 37046 is the costliest one in Tennessee. It’s south of Nashville and covers varied cities, similar to School Grove, Arno, and Bethesda. The ZIP code consists of the Troubadour Golf and Self-discipline Membership. The median family earnings in ZIP code 37046 is $162,712 and the recommend family earnings is $239,336. Like ZIP codes all by way of the U.S. South, residence values on this Tennessee ZIP code actually took off. From a median of $709,135 in December 2019, residence values rose by a sturdy 68.5% over the next 5 years, reaching correctly over $1.194 million. Over merely the last word yr, the median residence value elevated by 4.5%.
Conveniently, and not at all surprisingly, the second costliest ZIP code in Tennessee borders the primary on its north facet. ZIP code 37014 is centered on Arrington and extends east to Almaville. This ZIP code is south of Nashville, although nearer to town than the No. 1 costliest ZIP code. Incomes listed below are excessive nonetheless not as excessive as in ZIP code 37046. The median family earnings in 37014 is $104,938, whereas the usual family earnings is $197,098. Numerous third of households in ZIP code 37014 earn $200,000 or additional per yr. The median residence value, as soon as extra in December 2019, was $664,872, which was costly on the time. After 5 years, although, the median residence value soared by 78.4%, to appreciate bigger than $1.186 million in December 2024.
The third costliest ZIP code — 37027 — is centered on Brentwood, furthermore south of Nashville. That is the third, and not at all remotely the last word, costliest ZIP code that covers a part of the Nashville suburbs. The incomes in ZIP code 37027 are excessive, with 38.6% of households incomes $200,000 or additional per yr. The median family earnings correct proper right here is $156,002. The recommend family earnings is way greater, at $231,057. House value progress in 37027 has been large. As soon as extra in December 2019, the median residence value was $650,246. By December 2024, the median had risen by 74.4%, and over merely the last word yr, by 5.7%. IT now stands at barely under $1.134 million.
The fourth costliest ZIP code is southwest of downtown Nashville, defending Forest Hills. ZIP code 37215 consists of pretty just some communities, similar to Burton Hills, Burton Valley, Hounds Run, Otter Creek, Inexperienced Hills, and Castleman-Hobbs. Bigger than two-fifths of households correct proper right here earn $200,000 or additional per yr, which is sensible contemplating the median family earnings is $151,156 and the usual $226,979. House value appreciation correct proper right here wasn’t nearly as good as the opposite extreme 5 ZIP codes — nonetheless it was nonetheless 63.4% in 5 years: From a median residence value of $678,578 in December 2019, it reached bigger than $1.108 million in December 2024.
The No. 5 costliest ZIP code in Tennessee is 37350, which covers Lookout Mountain, a extraordinarily good suburb of Chattanooga, southwest of that metropolis. Nearly half of households (47.3%) earn $200,000 or additional a yr. The median family earnings is $195,063, whereas the usual family earnings is strategy greater, at $305,525. House value appreciation in 37350 has been startling. From a median of $566,589 in December 2019, residence values climbed by 73.4%, and now stands at $982,577.