10 Cheapest ZIP Codes in Tennessee

The cheapest ZIP code in Tennessee is 38392 (Medon, Madison County), with a median home value of $43,400. Across the top 10 cheapest ZIP codes in Tennessee, median home value ranges from $43,400 to $79,000, covering communities from Medon to Memphis.

Rank	ZIP	City	County	Median Home Value	Population
1	38392	Medon	Madison County	$43,400	736
2	38126	Memphis	Shelby County	$59,000	5,723
3	38108	Memphis	Shelby County	$62,600	18,501
4	38106	Memphis	Shelby County	$66,400	21,827
5	38105	Memphis	Shelby County	$75,400	5,151
6	38109	Memphis	Shelby County	$76,600	43,764
7	38376	Shiloh	Hardin County	$77,200	267
8	37753	Cosby	Cocke County	$78,300	1,075
9	37305	Beersheba Springs	Grundy County	$78,500	913
10	38114	Memphis	Shelby County	$79,000	20,440

Methodology

Rankings are derived from the U.S. Census Bureau American Community Survey 5-Year Estimates, vintage 2019 to 2023, joined to USPS ZIP Code Tabulation Areas. We rank by median home value and surface the top 10 ZIP codes within Tennessee. Values reflect ZCTA-level estimates and may differ slightly from city-level figures. Compiled and reviewed by the Zip Code Near Me Data Team.

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Reviewed by Zip Code Near Me Data Team. Last verified June 13, 2026.

10 Cheapest ZIP Codes in Tennessee

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