4-week rolling average · Data through March 12, 2026 · ZIP 37203
The Nashville 37203 market is running warm as of March 2026, with a market temperature score of 63 out of 100 and a median asking price of $984,000 for single-family homes. Active inventory sits at 435 listings, and homes are spending a median of 42 days on market, suggesting steady but not frenzied buyer activity. At $449.22 per square foot, pricing reflects continued demand in one of Tennessee's most sought-after urban zip codes.
| Beds | Asking Price | Rent |
|---|---|---|
| 1BR | $460K | $2K/mo |
| 2BR | $750K | $2K/mo |
| 3BR | $950K | $4K/mo |
| 4BR | $1.33M | $6K/mo |
| 5BR | $1.55M | $800/mo |
| 6BR | — | $7K/mo |
| 8BR | $1.93M | — |
With 435 active listings and a median of 42 days on market, sellers are operating in a warm but competitive environment where pricing strategy matters. A median asking price of $984,000 for single-family homes signals strong value expectations, though patient and well-priced listings are likely to attract the most serious buyers.
Buyers in 37203 are looking at a median asking price of $984,000 for single-family homes, with prices scaling from $354,900 for studios up to $1,925,000 for 8-bedroom properties. The 42-day median days on market means buyers have a bit more time to evaluate options compared to a frenzy-level market, making thorough due diligence more achievable.
The median asking rent of $2,495 per month alongside a rental inventory of 322 units points to an active rental market in this zip code. Investors should note that a 2-bedroom rental asks $2,495 per month while the median asking sale price for a 2-bedroom home is $749,900, making cash flow analysis at current mortgage rates a critical step before committing.
The 30-year fixed mortgage rate stands at 6.00% and the 15-year fixed rate is at 5.43% as of this data period. On a $984,000 asking price with a standard 20% down payment, a 30-year loan at 6.00% would carry a principal and interest payment of roughly $4,726 per month, underscoring the importance of financing strategy in this price range.
Get these market reports sent to your clients automatically every week — branded with your name and contact info.
Get started free →Data sources: Rentcast · Zillow · Federal Reserve (FRED)
Market intelligence by FarmPosts