Market Snapshot
- Median listing price
- $422K
- Median rent
- $2,200/mo
- Days on market
- 324 days
- Gross rental yield
- 6.25%
- STR vs LTR
- $2,142/mo STR · $2,200/mo LTR
The median listing price in Nashville, TN ZIP 37218 is $422,450 as of June 2026.
The median market rent in Nashville, TN ZIP 37218 is $2,200/month as of June 2026.
The median days on market in Nashville, TN ZIP 37218 is 324 days as of June 2026. The market is currently neutral.
At a median list price of $422,450 and a median rent of $2,200/month, the gross rental yield in Nashville, TN ZIP 37218 is 6.25% as of June 2026.
In Nashville, TN ZIP 37218, median Airbnb revenue is $2,142/month compared to median long-term rent of $2,200/month as of June 2026.
Nashville, TN 37218 Real Estate Market Report
ZIP Code: 37218
Report Date: June 2026
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
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 37218 average 6.7%, reflecting the prevailing market benchmark for this area as of June 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 601,000, which anchors current market value and indicates that recent transaction prices are materially above typical asking levels in the sample; this suggests a meaningful gap between realized sale prices and seller expectations reflected in listing data. transaction-based valuation
- Despite modest metro appreciation, local pricing pressure is down year-over-year according to the price year-over-year trend, signaling softening in realized values that sellers should factor into pricing and staging strategies.
- Liquidity appears muted with a median days on market of 324, pointing to slower sales velocity and greater time required to close transactions; this aligns with a neutral market temperature and may indicate more negotiation room for buyers.
- Market fundamentals show rental stability but interest-rate headwinds: the median market rent is 2,200 with rent year-over-year trend flat, while interest rate pressure is elevated and current 30-year fixed rates average 6.7%, which may constrain buyer affordability and temper near-term demand.
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.
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 at market average
Sold below market average
Sold below market average
Sold below 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, 6.53% rate, 0.5% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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