ZIP 37115 Housing Market Report
Nashville Metro
Report period: May 2026
37115 Monthly Market Update – May 2026
ZIP 37115 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$359,900
0.0%
Median DOM (Sales)
39
+5.4%
New Listings (Sales)
44
−48.8%
Median Rent
$1,910
−0.5%
Median DOM (Rental)
22
−12.0%
Total Rental Listings
175
−0.6%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Manufactured (9 DOM)
- Fastest renting: Single Family (4 DOM)
- Strongest bedroom: 6 Beds ($1,250,000 median)
Sales Market Overview
Median Price
$359,900
0.0%
Median DOM
39
+5.4%
New Listings
44
−48.8%
Inventory
317
+6.4%
- Average Price: $368,285
- Median Price: $359,900
- Price Range: $79,900 – $1,399,000
- Price per Sq Ft (Avg/Median): $238 / $232
- Square Footage (Avg/Median): 1,573 / 1,500
- Square Footage Range: 621 – 4,044
- Days on Market (Avg/Median): 58 / 39
- Days on Market Range: 2 – 352
- New Listings: 44
- Total Listings: 317
Sales by Property Type
Condo
Avg/Median Price$193,984 / $179,000Range$104,900 – $390,000Price per Sq Ft$192 / $196Sq Ft1,027 / 1,050DOM68 / 56New3Total39
Land
Avg/Median Price$364,161 / $189,000Range$79,900 – $1,399,000Price per Sq Ft—Sq Ft—DOM120 / 85New0Total28
Manufactured
Avg/Median Price$380,000 / $380,000Range$380,000 – $380,000Price per Sq Ft$200 / $200Sq Ft1,904 / 1,904DOM9 / 9New0Total1
Multi-Family
Avg/Median Price$341,084 / $329,700Range$259,900 – $395,485Price per Sq Ft$234 / $232Sq Ft1,473 / 1,414DOM21 / 20New6Total20
Single Family
Avg/Median Price$417,853 / $399,900Range$129,900 – $1,250,000Price per Sq Ft$251 / $246Sq Ft1,724 / 1,680DOM56 / 32New28Total182
Townhouse
Avg/Median Price$334,757 / $314,900Range$150,000 – $684,000Price per Sq Ft$226 / $219Sq Ft1,479 / 1,371DOM40 / 42New7Total47
Sales by Bedroom Count
1 Beds
Avg:$198,031Median:$165,000Range:$104,900 – $359,900PSF:$240 / $250Sq Ft:814 / 680DOM:80 / 67New:2Total:16
2 Beds
Avg:$273,189Median:$285,000Range:$129,900 – $534,995PSF:$230 / $219Sq Ft:1,190 / 1,132DOM:48 / 39New:14Total:83
3 Beds
Avg:$399,753Median:$391,950Range:$167,977 – $787,000PSF:$247 / $250Sq Ft:1,659 / 1,641DOM:51 / 33New:18Total:126
4 Beds
Avg:$425,598Median:$408,900Range:$280,000 – $684,000PSF:$224 / $227Sq Ft:1,938 / 1,835DOM:50 / 30New:8Total:47
5 Beds
Avg:$530,655Median:$506,000Range:$275,000 – $899,000PSF:$225 / $222Sq Ft:2,403 / 2,277DOM:69 / 39New:2Total:15
6 Beds
Avg:$1,250,000Median:$1,250,000Range:$1,250,000 – $1,250,000PSF:$313 / $313Sq Ft:4,000 / 4,000DOM:12 / 12New:0Total:1
7 Beds
Avg:$1,125,000Median:$1,125,000Range:$1,125,000 – $1,125,000PSF:$407 / $407Sq Ft:2,763 / 2,763DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $198,031 | $165,000 | $104,900 – $359,900 | $240 / $250 | 814 / 680 | 80 / 67 | 2 | 16 |
| 2 Beds | $273,189 | $285,000 | $129,900 – $534,995 | $230 / $219 | 1,190 / 1,132 | 48 / 39 | 14 | 83 |
| 3 Beds | $399,753 | $391,950 | $167,977 – $787,000 | $247 / $250 | 1,659 / 1,641 | 51 / 33 | 18 | 126 |
| 4 Beds | $425,598 | $408,900 | $280,000 – $684,000 | $224 / $227 | 1,938 / 1,835 | 50 / 30 | 8 | 47 |
| 5 Beds | $530,655 | $506,000 | $275,000 – $899,000 | $225 / $222 | 2,403 / 2,277 | 69 / 39 | 2 | 15 |
| 6 Beds | $1,250,000 | $1,250,000 | $1,250,000 – $1,250,000 | $313 / $313 | 4,000 / 4,000 | 12 / 12 | 0 | 1 |
| 7 Beds | $1,125,000 | $1,125,000 | $1,125,000 – $1,125,000 | $407 / $407 | 2,763 / 2,763 | — | 0 | 1 |
Rental Market Overview
Median Rent
$1,910
−0.5%
Median DOM
22
−12.0%
New Listings
35
Inventory
175
−0.6%
- Average Rent: $1,919
- Median Rent: $1,910
- Rent Range: $795 – $8,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,294 / 1,185
- Square Footage Range: 442 – 4,000
- Days on Market (Avg/Median): 66 / 22
- Days on Market Range: 1 – 364
- New Listings: 35
- Total Listings: 175
Rentals by Property Type
Apartment
$1,100
Median DOM: 221
Inventory: 37
MoM: −0.5%
Condo
$1,500
Median DOM: 19
Inventory: 17
MoM: −0.5%
Single Family
$2,165
Median DOM: 4
Inventory: 87
MoM: −0.5%
Townhouse
$2,250
Median DOM: 43
Inventory: 26
MoM: −0.5%
Apartment
Avg/Median Rent$1,274 / $1,100Range$795 – $2,929Rent per Sq Ft$2 / $1Sq Ft838 / 760DOM189 / 221New5Total37
Condo
Avg/Median Rent$1,498 / $1,500Range$975 – $2,900Rent per Sq Ft$2 / $2Sq Ft994 / 968DOM33 / 19New1Total17
Multi-Family
Avg/Median Rent$1,430 / $1,350Range$1,095 – $1,995Rent per Sq Ft$2 / $2Sq Ft749 / 768DOM36 / 33New1Total8
Single Family
Avg/Median Rent$2,182 / $2,165Range$925 – $8,000Rent per Sq Ft$2 / $1Sq Ft1,513 / 1,454DOM34 / 4New26Total87
Townhouse
Avg/Median Rent$2,381 / $2,250Range$1,550 – $5,497Rent per Sq Ft$2 / $1Sq Ft1,533 / 1,507DOM87 / 43New2Total26
Rentals by Bedroom Count
Studio
Avg:$1,210Median:$1,055Range:$1,000 – $1,411PSF:$2 / $2Sq Ft:592 / 580DOM:233 / 329New:0Total:4
1 Beds
Avg:$1,087Median:$1,000Range:$795 – $1,600PSF:$2 / $1Sq Ft:761 / 704DOM:117 / 36New:6Total:32
2 Beds
Avg:$1,652Median:$1,550Range:$975 – $5,497PSF:$2 / $2Sq Ft:1,027 / 968DOM:52 / 19New:9Total:52
3 Beds
Avg:$2,258Median:$2,239Range:$1,495 – $3,100PSF:$1 / $1Sq Ft:1,566 / 1,556DOM:58 / 25New:11Total:65
4 Beds
Avg:$2,498Median:$2,530Range:$1,750 – $2,900PSF:$1 / $1Sq Ft:1,794 / 1,800DOM:51 / 1New:7Total:19
5 Beds
Avg:$2,500Median:$2,500Range:$2,500 – $2,500PSF:$2 / $2Sq Ft:1,536 / 1,536DOM:9 / 9New:1Total:1
6 Beds
Avg:$6,750Median:$5,500Range:$5,500 – $8,000PSF:$2 / $1Sq Ft:3,672 / 3,343DOM:6 / 5New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,210 | $1,055 | $1,000 – $1,411 | $2 / $2 | 592 / 580 | 233 / 329 | 0 | 4 |
| 1 Beds | $1,087 | $1,000 | $795 – $1,600 | $2 / $1 | 761 / 704 | 117 / 36 | 6 | 32 |
| 2 Beds | $1,652 | $1,550 | $975 – $5,497 | $2 / $2 | 1,027 / 968 | 52 / 19 | 9 | 52 |
| 3 Beds | $2,258 | $2,239 | $1,495 – $3,100 | $1 / $1 | 1,566 / 1,556 | 58 / 25 | 11 | 65 |
| 4 Beds | $2,498 | $2,530 | $1,750 – $2,900 | $1 / $1 | 1,794 / 1,800 | 51 / 1 | 7 | 19 |
| 5 Beds | $2,500 | $2,500 | $2,500 – $2,500 | $2 / $2 | 1,536 / 1,536 | 9 / 9 | 1 | 1 |
| 6 Beds | $6,750 | $5,500 | $5,500 – $8,000 | $2 / $1 | 3,672 / 3,343 | 6 / 5 | 1 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$353,700Median DOM:54New:61Total:358
Jan 2026
Median Price:$350,000Median DOM:56New:82Total:358
Feb 2026
Median Price:$374,800Median DOM:45New:75Total:348
Mar 2026
Median Price:$359,900Median DOM:33New:96Total:305
Apr 2026
Median Price:$359,900Median DOM:37New:86Total:298
May 2026
Median Price:$359,900Median DOM:39New:44Total:317
6-Month Rental Trend
Dec 2025
Median Rent:$1,800Median DOM:43New:52Total:198
Jan 2026
Median Rent:$1,845Median DOM:53New:39Total:199
Feb 2026
Median Rent:$1,850Median DOM:50New:47Total:176
Mar 2026
Median Rent:$1,850Median DOM:34New:57Total:175
Apr 2026
Median Rent:$1,920Median DOM:25New:57Total:176
May 2026
Median Rent:$1,910Median DOM:22New:35Total:175
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, while total rental inventory tightened.
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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