4-week rolling average · Data through March 12, 2026 · ZIP 37206
The 37206 zip code in Nashville, TN is running warm with a market temperature score of 72, and homes are sitting on the market for a median of 32 days with 275 active listings available. The median sale price of $750,000 sits notably above the median list price of $669,900, suggesting buyers are competing and pushing final prices well beyond asking. At $368.64 per square foot, this pocket of Nashville commands premium pricing relative to broader metro averages.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $375K | $2K/mo |
| 2BR | $465K | $2K/mo |
| 3BR | $615K | $3K/mo |
| 4BR | $875K | $4K/mo |
| 5BR | $1.39M | $6K/mo |
| 6BR | $1.20M | — |
| 7BR | $2.50M | — |
| 8BR | $950K | — |
With median sale prices reaching $750,000 against a median list price of $669,900, sellers in 37206 are consistently closing above their asking price, which is a strong signal to list with confidence. The 32-day median days on market indicates homes are moving at a healthy pace, giving sellers reasonable timelines without the pressure of a frenzied market.
Buyers should be prepared to offer above the $669,900 median list price, as the median sale price of $750,000 shows the market regularly closes above asking. With 275 active listings available, there is some inventory to work with, but budget planning around $368.64 per square foot will help set realistic expectations for this zip code.
The median rent of $2,695 against a median sale price of $750,000 produces a gross rent yield of roughly 4.3%, which warrants careful underwriting given the current 6% 30-year mortgage rate environment. Investors targeting smaller units may find better entry points, as 1-bedroom rentals are asking $1,550 per month while 1-bedroom sale prices sit at $375,000, and the 175-unit rental inventory suggests active renter demand in the area.
The 30-year fixed mortgage rate of 6.00% and the 15-year fixed rate of 5.43% are the current financing benchmarks buyers and investors need to factor into their purchasing decisions for this market. On a $750,000 purchase with a standard 20% down payment, a 6% rate translates to meaningful monthly carrying costs, so buyers should closely evaluate their debt service against the local rent levels before committing.
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