Market Snapshot
- Median listing price
- $900K
- Median rent
- $2,489/mo
- Days on market
- 277 days
- Gross rental yield
- 3.32%
- STR vs LTR
- $3,213/mo STR · $2,489/mo LTR
The median listing price in Nashville, TN ZIP 37203 is $899,999 as of June 2026.
The median market rent in Nashville, TN ZIP 37203 is $2,489/month as of June 2026.
The median days on market in Nashville, TN ZIP 37203 is 277 days as of June 2026. The market is currently neutral.
At a median list price of $899,999 and a median rent of $2,489/month, the gross rental yield in Nashville, TN ZIP 37203 is 3.32% as of June 2026.
In Nashville, TN ZIP 37203, median Airbnb revenue is $3,213/month compared to median long-term rent of $2,489/month as of June 2026.
Nashville, TN 37203 Real Estate Market Report
ZIP Code: 37203
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Nashville, TN, averaging approximately 6.7% as of June 2026, remain consistent with the broader market trends observed throughout the year.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price $799,000 is the best indicator of recent market value in ZIP 37203 and suggests transaction prices are materially below current asking levels; the gap between median listing price $899,999 and the median sold price may indicate pricing friction between seller expectations and completed transactions.
- median days on market 277 points to slower sales velocity and extended marketing timelines for SFR and condo listings, which may require sellers to price more competitively or offer concessions to achieve contracts.
- Market context: market temperature neutral with a moderate level of interest rate pressure; combined with a up price year-over-year trend and up rent year-over-year trend, this suggests a balanced environment that slightly favors buyers while underlying demand remains supported.
- median price per square foot 413 and median market rent $2,489 indicate relatively strong pricing and rent levels for the area; investors and owner-occupiers should treat current valuations as firm but monitor the slow sales velocity for negotiation leverage.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold above market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 0.7% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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