ZIP 37031 Housing Market Report
Nashville Metro
Report period: May 2026
37031 Monthly Market Update – May 2026
ZIP 37031 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$390,000
+0.0%
Median DOM (Sales)
59
+20.4%
New Listings (Sales)
1
−87.5%
Median Rent
$1,200
0.0%
Median DOM (Rental)
30
0.0%
Total Rental Listings
2
0.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable.
What's Moving Fastest
- Fastest selling: Manufactured (7 DOM)
- Fastest renting: Single Family (30 DOM)
- Strongest bedroom: 4 Beds ($549,900 median)
Sales Market Overview
Median Price
$390,000
+0.0%
Median DOM
59
+20.4%
New Listings
1
−87.5%
Inventory
42
−8.7%
- Average Price: $445,373
- Median Price: $390,000
- Price Range: $69,000 – $1,100,000
- Price per Sq Ft (Avg/Median): $244 / $243
- Square Footage (Avg/Median): 2,137 / 1,908
- Square Footage Range: 980 – 4,550
- Days on Market (Avg/Median): 66 / 59
- Days on Market Range: 5 – 249
- New Listings: 1
- Total Listings: 42
Sales by Property Type
Land
Avg/Median Price$279,600 / $229,900Range$69,000 – $579,000Price per Sq Ft—Sq Ft—DOM89 / 69New0Total12
Manufactured
Avg/Median Price$264,900 / $249,900Range$249,900 – $279,900Price per Sq Ft$243 / $200Sq Ft1,114 / 980DOM78 / 7New0Total2
Single Family
Avg/Median Price$529,310 / $490,000Range$180,000 – $1,100,000Price per Sq Ft$244 / $243Sq Ft2,210 / 1,972DOM55 / 35New1Total28
Sales by Bedroom Count
2 Beds
Avg:$307,400Median:$279,900Range:$279,900 – $334,900PSF:$259 / $233Sq Ft:1,210 / 980DOM:77 / 5New:0Total:2
3 Beds
Avg:$503,578Median:$428,000Range:$180,000 – $1,100,000PSF:$240 / $243Sq Ft:2,150 / 1,896DOM:59 / 53New:1Total:24
4 Beds
Avg:$662,450Median:$549,900Range:$490,000 – $875,000PSF:$262 / $243Sq Ft:2,517 / 2,554DOM:31 / 22New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $307,400 | $279,900 | $279,900 – $334,900 | $259 / $233 | 1,210 / 980 | 77 / 5 | 0 | 2 |
| 3 Beds | $503,578 | $428,000 | $180,000 – $1,100,000 | $240 / $243 | 2,150 / 1,896 | 59 / 53 | 1 | 24 |
| 4 Beds | $662,450 | $549,900 | $490,000 – $875,000 | $262 / $243 | 2,517 / 2,554 | 31 / 22 | 0 | 4 |
Rental Market Overview
Median Rent
$1,200
0.0%
Median DOM
30
0.0%
New Listings
0
Inventory
2
0.0%
- Average Rent: $1,600
- Median Rent: $1,200
- Rent Range: $1,200 – $2,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 878 / 575
- Square Footage Range: 575 – 1,182
- Days on Market (Avg/Median): 38 / 30
- Days on Market Range: 30 – 46
- New Listings: 0
- Total Listings: 2
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,000
Median DOM: 30
Inventory: 1
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Manufactured
Avg/Median Rent$1,200 / $1,200Range$1,200 – $1,200Rent per Sq Ft$2 / $2Sq Ft575 / 575DOM46 / 46New0Total1
Single Family
Avg/Median Rent$2,000 / $2,000Range$2,000 – $2,000Rent per Sq Ft$2 / $2Sq Ft1,182 / 1,182DOM30 / 30New0Total1
Rentals by Bedroom Count
1 Beds
Avg:$1,200Median:$1,200Range:$1,200 – $1,200PSF:$2 / $2Sq Ft:575 / 575DOM:46 / 46New:0Total:1
3 Beds
Avg:$2,000Median:$2,000Range:$2,000 – $2,000PSF:$2 / $2Sq Ft:1,182 / 1,182DOM:30 / 30New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,200 | $1,200 | $1,200 – $1,200 | $2 / $2 | 575 / 575 | 46 / 46 | 0 | 1 |
| 3 Beds | $2,000 | $2,000 | $2,000 – $2,000 | $2 / $2 | 1,182 / 1,182 | 30 / 30 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$399,000Median DOM:76New:10Total:72
Jan 2026
Median Price:$425,000Median DOM:84New:15Total:67
Feb 2026
Median Price:$419,900Median DOM:75New:9Total:62
Mar 2026
Median Price:$425,000Median DOM:41New:16Total:57
Apr 2026
Median Price:$389,900Median DOM:49New:8Total:46
May 2026
Median Price:$390,000Median DOM:59New:1Total:42
6-Month Rental Trend
Dec 2025
Median Rent:$1,180Median DOM:21New:1Total:2
Jan 2026
Median Rent:$1,180Median DOM:52New:0Total:2
Feb 2026
Median Rent:$1,200Median DOM:53New:1Total:3
Mar 2026
Median Rent:$1,500Median DOM:30New:1Total:3
Apr 2026
Median Rent:$1,200Median DOM:30New:0Total:2
May 2026
Median Rent:$1,200Median DOM:30New:0Total:2
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, while total rental inventory was flat.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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