Nashville, TN 37205 Real Estate Market Report

ZIP Code: 37205
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Nashville, TN (ZIP: 37205) stands at $1,456,000, reflecting a stable market despite recent fluctuations. The overall market has shown signs of resilience, with a year-over-year trend indicating prices are up. This suggests that while the market is transitioning, it is not experiencing a significant downturn, but rather a soft landing with modest appreciation expected moving forward.

Transaction activity appears moderate, with 191 days on market indicating a slower sales velocity. Elevated inventory levels have shifted the balance slightly towards buyers, suggesting that sellers may need to adjust their expectations in light of current market conditions. The rental market remains highly active, with a median market rent of $2,720, further underscoring the demand in the area. Overall, economic fundamentals remain strong, bolstered by Nashville's attractiveness for relocation, which may continue to support market stability.

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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.

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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.

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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.

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Property Taxes

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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.

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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, around 6.18% to 6.375% are slightly higher than the 5.75% to 6.037% seen in early February 2026, indicating property owners locked in a slightly more favorable rate recently.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $1,456,000 indicates a resilient market despite fluctuations.

2. Transaction velocity is slower, with properties averaging 191 days on market, suggesting moderate liquidity in the market.

3. Elevated inventory levels relative to sales activity may indicate pricing friction for sellers.

4. The median market rent of $2,720 reflects a strong rental demand, supporting overall market stability.

5. Year-over-year price trends are up, suggesting ongoing buyer interest despite current market dynamics.

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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.