Nashville, TN 37209 Real Estate Market Report

ZIP Code: 37209
Report Date: April 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: 37209) is currently $546,000, reflecting a stable market environment with modest price appreciation. This price point indicates a solid demand for homes, despite the elevated inventory levels that have emerged. The market has not shown a historical sold price change percentage, which suggests a relatively stable pricing environment without significant fluctuations in recent years.

Transaction activity appears to be moderate, with properties taking a median of 269 days on market. This extended time frame may indicate a shift towards a more balanced market, where buyers have more options available. The rental market remains robust, with a median market rent of $1,800, although rental prices are showing signs of stabilization or slight decline, which could impact future investment strategies.

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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 37209 are averaging 6.38%, which is 0.26% higher than the average rates of 6.12% seen in early 2026.

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 $546,000 suggests a stable market with modest price appreciation.

2. Properties are taking a median of 269 days on market, indicating slower sales velocity and a potential shift towards a more balanced market.

3. The median market rent of $1,800 reflects strong rental demand, although rents are stabilizing, which may impact future rental investment decisions.

4. Inventory levels are elevated, leading to excess supply relative to sales activity, which may suggest a more favorable environment for buyers.

5. The market temperature is currently neutral, indicating a balanced market without strong upward or downward pressure on prices.

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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.