ZIP 37188 Housing Market Report
Nashville Metro
Report period: May 2026
37188 Monthly Market Update – May 2026
ZIP 37188 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$399,000
+1.0%
Median DOM (Sales)
26
−3.7%
New Listings (Sales)
53
−65.1%
Median Rent
$2,100
−0.2%
Median DOM (Rental)
14
−6.7%
Total Rental Listings
46
−20.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (18 DOM)
- Fastest renting: Townhouse (1 DOM)
- Strongest bedroom: 8 Beds ($699,900 median)
Sales Market Overview
Median Price
$399,000
+1.0%
Median DOM
26
−3.7%
New Listings
53
−65.1%
Inventory
393
+2.9%
- Average Price: $421,147
- Median Price: $399,000
- Price Range: $85,000 – $2,999,900
- Price per Sq Ft (Avg/Median): $210 / $206
- Square Footage (Avg/Median): 2,020 / 2,015
- Square Footage Range: 672 – 4,323
- Days on Market (Avg/Median): 40 / 26
- Days on Market Range: 1 – 343
- New Listings: 53
- Total Listings: 393
Sales by Property Type
Condo
Avg/Median Price$225,501 / $223,000Range$199,990 – $309,900Price per Sq Ft$213 / $211Sq Ft1,058 / 1,102DOM26 / 18New2Total20
Land
Avg/Median Price$586,044 / $249,900Range$85,000 – $2,999,900Price per Sq Ft—Sq Ft—DOM87 / 76New0Total18
Manufactured
Avg/Median Price$249,990 / $249,990Range$249,990 – $249,990Price per Sq Ft$206 / $206Sq Ft1,216 / 1,216DOM67 / 67New0Total1
Multi-Family
Avg/Median Price$699,900 / $699,900Range$699,900 – $699,900Price per Sq Ft$214 / $214Sq Ft3,272 / 3,272DOM21 / 21New0Total1
Single Family
Avg/Median Price$427,744 / $409,990Range$199,990 – $1,699,000Price per Sq Ft$211 / $205Sq Ft2,084 / 2,155DOM39 / 26New47Total334
Townhouse
Avg/Median Price$349,231 / $352,238Range$289,900 – $408,727Price per Sq Ft$187 / $175Sq Ft1,898 / 1,750DOM38 / 28New4Total19
Sales by Bedroom Count
2 Beds
Avg:$262,787Median:$219,990Range:$199,990 – $480,000PSF:$237 / $227Sq Ft:1,120 / 931DOM:36 / 13New:1Total:29
3 Beds
Avg:$385,818Median:$370,000Range:$208,000 – $1,699,000PSF:$220 / $216Sq Ft:1,778 / 1,707DOM:42 / 31New:26Total:189
4 Beds
Avg:$462,999Median:$432,990Range:$339,900 – $1,299,900PSF:$196 / $193Sq Ft:2,363 / 2,391DOM:33 / 21New:23Total:112
5 Beds
Avg:$494,201Median:$475,794Range:$399,990 – $750,000PSF:$180 / $177Sq Ft:2,742 / 2,666DOM:39 / 33New:3Total:43
6 Beds
Avg:$615,000Median:$615,000Range:$615,000 – $615,000PSF:$187 / $187Sq Ft:3,294 / 3,294DOM:34 / 34New:0Total:1
8 Beds
Avg:$699,900Median:$699,900Range:$699,900 – $699,900PSF:$214 / $214Sq Ft:3,272 / 3,272DOM:21 / 21New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $262,787 | $219,990 | $199,990 – $480,000 | $237 / $227 | 1,120 / 931 | 36 / 13 | 1 | 29 |
| 3 Beds | $385,818 | $370,000 | $208,000 – $1,699,000 | $220 / $216 | 1,778 / 1,707 | 42 / 31 | 26 | 189 |
| 4 Beds | $462,999 | $432,990 | $339,900 – $1,299,900 | $196 / $193 | 2,363 / 2,391 | 33 / 21 | 23 | 112 |
| 5 Beds | $494,201 | $475,794 | $399,990 – $750,000 | $180 / $177 | 2,742 / 2,666 | 39 / 33 | 3 | 43 |
| 6 Beds | $615,000 | $615,000 | $615,000 – $615,000 | $187 / $187 | 3,294 / 3,294 | 34 / 34 | 0 | 1 |
| 8 Beds | $699,900 | $699,900 | $699,900 – $699,900 | $214 / $214 | 3,272 / 3,272 | 21 / 21 | 0 | 1 |
Rental Market Overview
Median Rent
$2,100
−0.2%
Median DOM
14
−6.7%
New Listings
5
Inventory
46
−20.7%
- Average Rent: $2,077
- Median Rent: $2,100
- Rent Range: $1,226 – $2,899
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,695 / 1,680
- Square Footage Range: 614 – 2,792
- Days on Market (Avg/Median): 39 / 14
- Days on Market Range: 1 – 278
- New Listings: 5
- Total Listings: 46
Rentals by Property Type
Apartment
$1,325
Median DOM: 150
Inventory: 6
MoM: −0.2%
Condo
$1,795
Median DOM: 40
Inventory: 3
MoM: −0.2%
Single Family
$2,199
Median DOM: 7
Inventory: 35
MoM: −0.2%
Townhouse
$1,795
Median DOM: 1
Inventory: 2
MoM: −0.2%
Apartment
Avg/Median Rent$1,388 / $1,325Range$1,226 – $1,576Rent per Sq Ft$2 / $2Sq Ft850 / 820DOM214 / 150New0Total6
Condo
Avg/Median Rent$1,630 / $1,795Range$1,300 – $1,795Rent per Sq Ft$1 / $1Sq Ft1,303 / 1,453DOM46 / 40New0Total3
Single Family
Avg/Median Rent$2,249 / $2,199Range$1,720 – $2,899Rent per Sq Ft$1 / $1Sq Ft1,888 / 1,774DOM29 / 7New5Total35
Townhouse
Avg/Median Rent$1,798 / $1,795Range$1,795 – $1,800Rent per Sq Ft$1 / $1Sq Ft1,455 / 1,455DOM1 / 1New0Total2
Rentals by Bedroom Count
1 Beds
Avg:$1,349Median:$1,300Range:$1,226 – $1,576PSF:$2 / $2Sq Ft:800 / 820DOM:159 / 40New:0Total:5
2 Beds
Avg:$1,442Median:$1,325Range:$1,325 – $1,560PSF:$1 / $1Sq Ft:1,048 / 980DOM:150 / 150New:0Total:2
3 Beds
Avg:$2,151Median:$2,100Range:$1,795 – $2,899PSF:$1 / $1Sq Ft:1,730 / 1,672DOM:31 / 7New:4Total:28
4 Beds
Avg:$2,333Median:$2,400Range:$1,720 – $2,890PSF:$1 / $1Sq Ft:2,132 / 2,233DOM:23 / 23New:1Total:11
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,349 | $1,300 | $1,226 – $1,576 | $2 / $2 | 800 / 820 | 159 / 40 | 0 | 5 |
| 2 Beds | $1,442 | $1,325 | $1,325 – $1,560 | $1 / $1 | 1,048 / 980 | 150 / 150 | 0 | 2 |
| 3 Beds | $2,151 | $2,100 | $1,795 – $2,899 | $1 / $1 | 1,730 / 1,672 | 31 / 7 | 4 | 28 |
| 4 Beds | $2,333 | $2,400 | $1,720 – $2,890 | $1 / $1 | 2,132 / 2,233 | 23 / 23 | 1 | 11 |
6-Month Sales Trend
Dec 2025
Median Price:$399,900Median DOM:40New:107Total:346
Jan 2026
Median Price:$395,000Median DOM:38New:137Total:406
Feb 2026
Median Price:$389,900Median DOM:36New:129Total:424
Mar 2026
Median Price:$394,990Median DOM:26New:159Total:359
Apr 2026
Median Price:$395,000Median DOM:27New:152Total:382
May 2026
Median Price:$399,000Median DOM:26New:53Total:393
6-Month Rental Trend
Dec 2025
Median Rent:$2,009Median DOM:38New:19Total:58
Jan 2026
Median Rent:$2,108Median DOM:28New:18Total:65
Feb 2026
Median Rent:$2,090Median DOM:35New:17Total:62
Mar 2026
Median Rent:$2,129Median DOM:20New:18Total:57
Apr 2026
Median Rent:$2,105Median DOM:15New:21Total:58
May 2026
Median Rent:$2,100Median DOM:14New:5Total:46
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving 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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