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Market Snapshot

Median listing price
$525K

The median listing price in Nashville, TN ZIP 37208 is $525,000 as of June 2026.

Median rent
$2,500/mo

The median market rent in Nashville, TN ZIP 37208 is $2,500/month as of June 2026.

Days on market
342 days

The median days on market in Nashville, TN ZIP 37208 is 342 days as of June 2026. The market is currently neutral.

Gross rental yield
5.71%

At a median list price of $525,000 and a median rent of $2,500/month, the gross rental yield in Nashville, TN ZIP 37208 is 5.71% as of June 2026.

STR vs LTR
$4,093/mo STR · $2,500/mo LTR

In Nashville, TN ZIP 37208, median Airbnb revenue is $4,093/month compared to median long-term rent of $2,500/month as of June 2026.

Nashville, TN 37208 Real Estate Market Report

ZIP Code: 37208

Report Date: June 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.

Analysis Window
90 Days
Total Properties Analyzed
201
Active Listings
151
Sold Properties
50

Market Metrics

Median Listing Price
$525,000
Median Sold Price
$499,500
Median Price per Sqft
$292/sqft

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

Median Market Rent
$2,500

Property Taxes

Property Tax Rate
0.70%

Liquidity & Velocity

Median Days on Market
342
Sale-to-List Ratio
100.0%

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.

Price YoY Trend
down
Market Temperature
neutral
Rent YoY Trend
flat
Interest Rate Pressure
elevated

Key Findings

  1. The primary market indicator, median sold price of 499,500, suggests current transaction-level value is holding near the high five-hundred-thousand-dollar range and should be used as the baseline for pricing decisions rather than asking prices.
  2. There is a visible pricing gap between median listing price of 525,000 and median sold price of 499,500, which may indicate seller expectations exceed recent transaction levels and could lead to moderate pricing friction during negotiations.
  3. Extended time-to-contract, with median days on market at 342, points to slower sales velocity and suggests offers may take longer to surface; this behavior appears consistent with a market described as neutral in temperature.
  4. Macro and demand-side signals show prices are trending down year-over-year while rent growth is flat; combined with elevated interest rate pressure, this mix suggests buyers remain cautious and sellers should temper pricing assumptions—expect balanced to modestly softer conditions in the near term.

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

1013 Rev Dr Enoch Jones Blvd # 5, Nashville, TN 37208
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

4 beds4 baths2,294 sqft
$1,400,000
Mar 1, 2026
$610/sqft/sqft
1332 3rd Ave N, Nashville, TN 37208
Premium

Sold above market average

4 beds4 baths2,445 sqft
$1,375,000
Apr 1, 2026
$562/sqft/sqft
103 days on market
1813 6th Ave N, Nashville, TN 37208
Premium

Sold above market average

3 beds4 baths3,043 sqft
$1,325,000
Apr 1, 2026
$435/sqft/sqft
283 days on market
1725 Buchanan Ct, Nashville, TN 37208
Premium

Sold above market average

3 beds2 baths1,224 sqft
$410,000
Apr 1, 2026
$335/sqft/sqft
1411 days on market
1610 23rd Ave N, Nashville, TN 37208
Value

Sold below market average

3 beds2 baths1,728 sqft
$400,000
Mar 1, 2026
$231/sqft/sqft
303 days on market
1916 9th Ave N, Nashville, TN 37208
Premium

Sold above market average

3 beds1 baths963 sqft
$389,000
Apr 1, 2026
$404/sqft/sqft
164 days on market
1910 15th Ave N, Nashville, TN 37208
Value

Sold below market average

3 beds1 baths948 sqft
$170,000
May 1, 2026
$179/sqft/sqft
1712 23rd Ave N, Nashville, TN 37208
Value

Sold below market average

3 beds1 baths756 sqft
$160,000
Mar 1, 2026
$212/sqft/sqft

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$461/mo
37208 Avg Rent
37208 Cost to Own
Rent$2,500
Own$2,961

20% down, 6.50% rate, 0.7% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

37208 Avg nightly rate
37208 Avg occupancy (days/year)
Nightly rate$306/night
Occupancy138 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 6/1/2026

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