Nashville, TN 37205 Real Estate Market Report
ZIP Code: 37205
Report Date: May 2026
Market Temperature: NEUTRAL
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
Note: 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 for properties in Nashville, TN 37205 are averaging 6.3%, reflecting the prevailing market environment for loans originated in May 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
-
The primary market value signal is the median sold price 1,287,000, which—when contrasted with the median listing price 1,997,000—suggests a meaningful seller asking vs. transaction price gap that may indicate pricing friction or seller adjustment is occurring in recent closings.
-
The median days on market 235 points to slower sales velocity relative to a typical fast-turn market; coupled with the background indication of relatively constrained active supply, this appears to reflect moderate/balanced liquidity rather than rapid turnover.
-
The price year-over-year trend up confirms moderate appreciation pressure in local sale prices, supported by a median price per square foot 461 that positions recent transactions at a premium price density for the area.
-
Financing and rental context shows elevated interest rate pressure alongside a prevailing mortgage environment of 6.3%, while rent growth is flat and the median market rent 3,000 remains stable—together these factors suggest buyers face higher financing costs even as rental income expectations are steady.
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.
Sold above market average
Sold above market average
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 below market average
Sold below market average
Nashville, TN 37205 Real Estate Market Report
ZIP Code: 37205
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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
Note: 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 for properties in Nashville, TN 37205 are averaging 6.3%, reflecting the prevailing market environment for loans originated in May 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
-
The primary market indicator is the median sold price of $505,000, which represents recent transaction-level market value and suggests pricing near this level for representative recent sales in the ZIP code.
-
There is a notable gap between median listing price of $440,900 and the median sold price, which may indicate pricing friction where seller expectations differ from final transaction prices; consider positioning offers and list strategies to account for this spread.
-
Long selling durations are evident with median days on market of 324, which points to slower sales velocity and suggests sellers may need phased marketing or price adjustments to accelerate transactions; buyers can be patient and selective in negotiations. flat to neutral market temperature
-
Macro and financing context matters: elevated interest rate pressure is present with property financing rates averaging 6.3%, while the market shows a price year-over-year trend of up and a rent year-over-year trend of flat—this combination suggests buyers face higher financing costs even as property values trend higher, so lender-ready buyers and pricing discipline will be important.
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.
Sold above market average
Sold above market average
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 below market average
Sold above 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, 6.3% rate, 0.6% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
Get personalized market intelligence
Unlock deeper property intel in Nashville, TN valuations, rent comps, operating costs, and pro-forma breakdowns.