Nashville, TN 37216 Real Estate Market Report

ZIP Code: 37216
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Nashville, TN (ZIP: 37216) reflects a median sold price of $539,950, indicating a stable market environment. The neighborhood has decreased 8% since 2022, suggesting a moderation in price appreciation. This shift may be attributed to elevated interest rates, which continue to exert pressure on buyer affordability, despite the underlying economic fundamentals remaining strong.

Transaction activity appears to be characterized by elevated inventory levels, with a median days on market of 267 days. This extended timeframe may indicate slower sales velocity, as buyers navigate the current landscape of higher borrowing costs. The market temperature is currently assessed as neutral, reflecting a balance between supply and demand, although pockets of high demand persist in certain segments.

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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

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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 at 6.57% are significantly higher than the historical low average of 3.99% seen for recent 2026 originations.

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. $539,950 is the median sold price, reflecting a stable market despite an 8% decrease since 2022.

2. The median days on market of 267 days suggests slower sales velocity in the current environment.

3. With elevated inventory levels, the market is experiencing moderate transaction volume relative to sales activity.

4. The median market rent stands at $1,790, indicating potential rental market pressures amidst downward trends in rent year-over-year.

5. Current interest rate pressure remains elevated, with mortgage rates at 6.57%, significantly higher than historical averages.

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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.