News Summary
Tennessee has unveiled its most expensive ZIP codes for 2024, highlighting significant appreciation in home values, particularly in areas south of Nashville. The analysis shows a remarkable increase, with the top ZIP code 37046 in College Grove experiencing a home value rise of 68.5% over five years. Other affluent areas like Arrington, Brentwood, and Forest Hills also exhibit extraordinary growth, attracting homebuyers due to Nashville’s appealing real estate market. This trend not only reflects wealth distribution but also underscores the desirability of living near Nashville.
Tennessee has revealed its most expensive ZIP codes for the year 2024, showcasing substantial growth in home values that has outpaced many other states over the past five years. A recent analysis based on Zillow’s home value index has identified the top 25 most affluent ZIP code areas within the state, underscoring the remarkable increase in real estate prices.
The most expensive ZIP code in Tennessee for 2024 is 37046, which includes areas situated south of Nashville, notably College Grove, Arno, and Bethesda. This area has seen extraordinary appreciation, with median home values increasing by 68.5% over five years, rising from a median of $709,135 in December 2019 to over $1.194 million by December 2024. Within this ZIP code, the median household income is reported at $162,712, while the average household income is significantly higher at $239,336. Additionally, in the past year, home values have increased by 4.5%.
Following closely is the second most expensive ZIP code, 37014, which covers Arrington and Almaville, located just north of 37046. Here, median household income stands at $104,938, with average income sitting at $197,098. Home values in 37014 skyrocketed by 78.4%, now exceeding $1.186 million.
The third position is held by 37027, located in Brentwood, where the median household income is around $156,002. In this area, 38.6% of households earn $200,000 or more annually. Home prices have increased by 74.4%, reaching just under $1.134 million as of December 2024.
Ranking fourth is ZIP code 37215, which encompasses Forest Hills. The median household income here is recorded at $151,156, with home values appreciating by 63.4% over five years, currently standing at over $1.108 million.
Completing the list of the top five is ZIP code 37350, which includes Lookout Mountain. It has a median household income of $195,063, and notably, 47.3% of households earn $200,000 or more per year. Home values in this area increased by 73.4%, now averaging $982,577.
The real estate market in Nashville continues to draw interest from out-of-state residents largely due to its absence of a state income tax and a comparatively lower cost of living. This remarkable growth reflects Nashville’s status as a hub for luxury real estate, demonstrating considerable traction in higher-value sales that further elevate the market.
This data not only highlights areas of wealth distribution across Tennessee but also showcases the increasing desirability of living near Nashville. Families and individuals seeking homes within these affluent ZIP codes often cite community, quality of life, and investment potential as driving factors behind their real estate purchases.
Deeper Dive: News & Info About This Topic
- Forbes: 25 Most Expensive ZIP Codes in Tennessee
- WSMV: Most Affordable and Expensive ZIP Codes Around Nashville
- Forbes: 20 Most Expensive ZIP Codes in Kentucky
- WKRN: Most Expensive Homes in Nashville Metro Area
- CNBC: Most Expensive ZIP Code in Every US State
Author: STAFF HERE CHATTANOOGA WRITER
The CHATTANOOGA STAFF WRITER represents the experienced team at HEREChattanooga.com, your go-to source for actionable local news and information in Chattanooga, Hamilton County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Riverbend Festival, Chattanooga Oktoberfest, and Moon River Festival. Our coverage extends to key organizations like the Chattanooga Area Chamber of Commerce and United Way of Greater Chattanooga, plus leading businesses in manufacturing, insurance, and utilities that power the local economy such as Volkswagen Chattanooga, BlueCross BlueShield of Tennessee, and EPB. As part of the broader HERE network, including HEREBristol.com, HEREKnoxville.com, HEREMemphis.com, and HERENashville.com, we provide comprehensive, credible insights into Tennessee's dynamic landscape.
