ZIP 37187 Housing Market Report
Nashville Metro
Report period: May 2026
37187 Monthly Market Update – May 2026
ZIP 37187 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$349,900
+6.1%
Median DOM (Sales)
47
+23.7%
New Listings (Sales)
4
−63.6%
Median Rent
$1,728
+2.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
8
−27.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (14 DOM)
- Fastest renting: Townhouse (1 DOM)
- Strongest bedroom: 4 Beds ($393,000 median)
Sales Market Overview
Median Price
$349,900
+6.1%
Median DOM
47
+23.7%
New Listings
4
−63.6%
Inventory
64
+4.9%
- Average Price: $475,883
- Median Price: $349,900
- Price Range: $100,000 – $5,000,000
- Price per Sq Ft (Avg/Median): $225 / $217
- Square Footage (Avg/Median): 1,654 / 1,432
- Square Footage Range: 731 – 5,443
- Days on Market (Avg/Median): 65 / 47
- Days on Market Range: 2 – 328
- New Listings: 4
- Total Listings: 64
Sales by Property Type
Condo
Avg/Median Price$349,900 / $349,900Range$349,900 – $349,900Price per Sq Ft$259 / $259Sq Ft1,352 / 1,352DOM14 / 14New0Total1
Land
Avg/Median Price$954,155 / $265,000Range$130,000 – $5,000,000Price per Sq Ft—Sq Ft—DOM89 / 69New0Total11
Manufactured
Avg/Median Price$194,930 / $120,000Range$100,000 – $376,398Price per Sq Ft$156 / $143Sq Ft1,214 / 960DOM97 / 116New0Total10
Single Family
Avg/Median Price$428,616 / $393,750Range$135,000 – $1,300,000Price per Sq Ft$242 / $228Sq Ft1,793 / 1,569DOM52 / 27New4Total40
Townhouse
Avg/Median Price$258,500 / $255,000Range$255,000 – $262,000Price per Sq Ft$211 / $208Sq Ft1,224 / 1,224DOM51 / 22New0Total2
Sales by Bedroom Count
Studio
Avg:$285,000Median:$285,000Range:$285,000 – $285,000PSF:$225 / $225Sq Ft:1,268 / 1,268DOM:50 / 50New:0Total:1
2 Beds
Avg:$204,200Median:$135,000Range:$100,000 – $425,000PSF:$194 / $185Sq Ft:1,015 / 938DOM:69 / 46New:0Total:10
3 Beds
Avg:$395,701Median:$376,398Range:$115,000 – $979,900PSF:$237 / $228Sq Ft:1,683 / 1,569DOM:53 / 27New:3Total:37
4 Beds
Avg:$598,580Median:$393,000Range:$259,900 – $1,300,000PSF:$202 / $196Sq Ft:2,792 / 2,002DOM:97 / 59New:1Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $285,000 | $285,000 | $285,000 – $285,000 | $225 / $225 | 1,268 / 1,268 | 50 / 50 | 0 | 1 |
| 2 Beds | $204,200 | $135,000 | $100,000 – $425,000 | $194 / $185 | 1,015 / 938 | 69 / 46 | 0 | 10 |
| 3 Beds | $395,701 | $376,398 | $115,000 – $979,900 | $237 / $228 | 1,683 / 1,569 | 53 / 27 | 3 | 37 |
| 4 Beds | $598,580 | $393,000 | $259,900 – $1,300,000 | $202 / $196 | 2,792 / 2,002 | 97 / 59 | 1 | 5 |
Rental Market Overview
Median Rent
$1,728
+2.6%
Median DOM
1
0.0%
New Listings
2
Inventory
8
−27.3%
- Average Rent: $1,552
- Median Rent: $1,728
- Rent Range: $995 – $1,785
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,316 / 1,200
- Square Footage Range: 600 – 1,725
- Days on Market (Avg/Median): 13 / 1
- Days on Market Range: 1 – 78
- New Listings: 2
- Total Listings: 8
Rentals by Property Type
Apartment
$1,075
Median DOM: 10
Inventory: 2
MoM: +2.6%
Condo
—
Median DOM: —
Inventory: —
MoM: +2.6%
Single Family
—
Median DOM: —
Inventory: —
MoM: +2.6%
Townhouse
$1,745
Median DOM: 1
Inventory: 5
MoM: +2.6%
Apartment
Avg/Median Rent$1,430 / $1,075Range$1,075 – $1,785Rent per Sq Ft$1 / $1Sq Ft1,012 / 825DOM10 / 10New0Total2
Multi-Family
Avg/Median Rent$995 / $995Range$995 – $995Rent per Sq Ft$2 / $2Sq Ft600 / 600DOM78 / 78New0Total1
Townhouse
Avg/Median Rent$1,713 / $1,745Range$1,600 – $1,745Rent per Sq Ft$1 / $1Sq Ft1,580 / 1,725DOM1 / 1New2Total5
Rentals by Bedroom Count
1 Beds
Avg:$995Median:$995Range:$995 – $995PSF:$2 / $2Sq Ft:600 / 600DOM:78 / 78New:0Total:1
2 Beds
Avg:$1,487Median:$1,600Range:$1,075 – $1,785PSF:$1 / $1Sq Ft:1,008 / 1,000DOM:6 / 1New:1Total:3
3 Beds
Avg:$1,741Median:$1,745Range:$1,728 – $1,745PSF:$1 / $1Sq Ft:1,725 / 1,725DOM:1 / 1New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $995 | $995 | $995 – $995 | $2 / $2 | 600 / 600 | 78 / 78 | 0 | 1 |
| 2 Beds | $1,487 | $1,600 | $1,075 – $1,785 | $1 / $1 | 1,008 / 1,000 | 6 / 1 | 1 | 3 |
| 3 Beds | $1,741 | $1,745 | $1,728 – $1,745 | $1 / $1 | 1,725 / 1,725 | 1 / 1 | 1 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$340,000Median DOM:77New:13Total:81
Jan 2026
Median Price:$325,000Median DOM:67New:13Total:74
Feb 2026
Median Price:$325,000Median DOM:60New:11Total:74
Mar 2026
Median Price:$325,000Median DOM:45New:20Total:66
Apr 2026
Median Price:$329,900Median DOM:38New:11Total:61
May 2026
Median Price:$349,900Median DOM:47New:4Total:64
6-Month Rental Trend
Dec 2025
Median Rent:$1,675Median DOM:10New:5Total:9
Jan 2026
Median Rent:$1,645Median DOM:11New:6Total:11
Feb 2026
Median Rent:$1,695Median DOM:29New:3Total:12
Mar 2026
Median Rent:$1,695Median DOM:43New:2Total:10
Apr 2026
Median Rent:$1,685Median DOM:1New:6Total:11
May 2026
Median Rent:$1,728Median DOM:1New:2Total:8
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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