ZIP 37203 Housing Market Report
Nashville Metro
Report period: May 2026
37203 Monthly Market Update – May 2026
ZIP 37203 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$696,900
+1.7%
Median DOM (Sales)
53
+1.9%
New Listings (Sales)
38
−66.1%
Median Rent
$2,495
0.0%
Median DOM (Rental)
42
−8.7%
Total Rental Listings
310
−1.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (34 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 5 Beds ($1,499,900 median)
Sales Market Overview
Median Price
$696,900
+1.7%
Median DOM
53
+1.9%
New Listings
38
−66.1%
Inventory
488
+1.2%
- Average Price: $924,206
- Median Price: $696,900
- Price Range: $225,000 – $9,600,000
- Price per Sq Ft (Avg/Median): $665 / $612
- Square Footage (Avg/Median): 1,423 / 1,124
- Square Footage Range: 385 – 5,100
- Days on Market (Avg/Median): 74 / 53
- Days on Market Range: 3 – 363
- New Listings: 38
- Total Listings: 488
Sales by Property Type
Apartment
Avg/Median Price$509,960 / $454,900Range$329,900 – $895,000Price per Sq Ft$651 / $606Sq Ft774 / 751DOM65 / 61New0Total5
Condo
Avg/Median Price$857,711 / $599,000Range$225,000 – $8,650,000Price per Sq Ft$719 / $663Sq Ft1,100 / 945DOM81 / 59New25Total366
Land
Avg/Median Price$851,000 / $799,000Range$350,000 – $1,450,000Price per Sq Ft—Sq Ft—DOM48 / 34New0Total5
Multi-Family
Avg/Median Price$1,386,667 / $835,000Range$775,000 – $2,550,000Price per Sq Ft$682 / $554Sq Ft2,461 / 2,070DOM48 / 43New0Total3
Single Family
Avg/Median Price$1,135,789 / $950,000Range$350,000 – $2,375,000Price per Sq Ft$516 / $463Sq Ft2,441 / 2,241DOM46 / 43New5Total37
Townhouse
Avg/Median Price$1,168,074 / $949,000Range$260,000 – $9,600,000Price per Sq Ft$468 / $393Sq Ft2,544 / 2,430DOM55 / 36New8Total72
Sales by Bedroom Count
Studio
Avg:$447,725Median:$355,900Range:$239,900 – $883,000PSF:$859 / $673Sq Ft:515 / 520DOM:49 / 33New:0Total:8
1 Beds
Avg:$496,275Median:$465,000Range:$225,000 – $1,650,000PSF:$636 / $616Sq Ft:777 / 772DOM:84 / 66New:10Total:179
2 Beds
Avg:$977,600Median:$770,000Range:$260,000 – $6,500,000PSF:$724 / $693Sq Ft:1,324 / 1,246DOM:74 / 47New:15Total:160
3 Beds
Avg:$1,436,584Median:$974,900Range:$349,000 – $8,500,000PSF:$697 / $486Sq Ft:2,005 / 2,000DOM:70 / 39New:8Total:62
4 Beds
Avg:$1,480,709Median:$1,199,000Range:$457,000 – $9,600,000PSF:$587 / $461Sq Ft:2,663 / 2,575DOM:59 / 46New:5Total:64
5 Beds
Avg:$1,551,400Median:$1,499,900Range:$949,900 – $2,375,000PSF:$394 / $413Sq Ft:4,083 / 3,994DOM:32 / 32New:0Total:7
6 Beds
Avg:$1,077,667Median:$1,199,000Range:$835,000 – $1,199,000PSF:$369 / $351Sq Ft:2,965 / 3,413DOM:46 / 47New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $447,725 | $355,900 | $239,900 – $883,000 | $859 / $673 | 515 / 520 | 49 / 33 | 0 | 8 |
| 1 Beds | $496,275 | $465,000 | $225,000 – $1,650,000 | $636 / $616 | 777 / 772 | 84 / 66 | 10 | 179 |
| 2 Beds | $977,600 | $770,000 | $260,000 – $6,500,000 | $724 / $693 | 1,324 / 1,246 | 74 / 47 | 15 | 160 |
| 3 Beds | $1,436,584 | $974,900 | $349,000 – $8,500,000 | $697 / $486 | 2,005 / 2,000 | 70 / 39 | 8 | 62 |
| 4 Beds | $1,480,709 | $1,199,000 | $457,000 – $9,600,000 | $587 / $461 | 2,663 / 2,575 | 59 / 46 | 5 | 64 |
| 5 Beds | $1,551,400 | $1,499,900 | $949,900 – $2,375,000 | $394 / $413 | 4,083 / 3,994 | 32 / 32 | 0 | 7 |
| 6 Beds | $1,077,667 | $1,199,000 | $835,000 – $1,199,000 | $369 / $351 | 2,965 / 3,413 | 46 / 47 | 0 | 3 |
Rental Market Overview
Median Rent
$2,495
0.0%
Median DOM
42
−8.7%
New Listings
39
Inventory
310
−1.3%
- Average Rent: $3,131
- Median Rent: $2,495
- Rent Range: $800 – $9,995
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,222 / 883
- Square Footage Range: 300 – 4,728
- Days on Market (Avg/Median): 79 / 42
- Days on Market Range: 1 – 358
- New Listings: 39
- Total Listings: 310
Rentals by Property Type
Apartment
$1,677
Median DOM: 185
Inventory: 95
MoM: 0.0%
Condo
$2,495
Median DOM: 40
Inventory: 142
MoM: 0.0%
Single Family
$3,799
Median DOM: 1
Inventory: 49
MoM: 0.0%
Townhouse
$3,400
Median DOM: 42
Inventory: 20
MoM: 0.0%
Apartment
Avg/Median Rent$2,508 / $1,677Range$882 – $9,150Rent per Sq Ft$3 / $3Sq Ft880 / 620DOM171 / 185New1Total95
Condo
Avg/Median Rent$3,082 / $2,495Range$1,000 – $9,995Rent per Sq Ft$3 / $3Sq Ft1,031 / 868DOM59 / 40New20Total142
Multi-Family
Avg/Median Rent$4,872 / $4,795Range$2,500 – $6,995Rent per Sq Ft$2 / $2Sq Ft2,008 / 2,043DOM32 / 43New1Total4
Single Family
Avg/Median Rent$4,097 / $3,799Range$800 – $8,995Rent per Sq Ft$2 / $2Sq Ft2,027 / 2,143DOM16 / 1New12Total49
Townhouse
Avg/Median Rent$3,726 / $3,400Range$1,800 – $7,000Rent per Sq Ft$2 / $2Sq Ft2,020 / 1,760DOM81 / 42New5Total20
Rentals by Bedroom Count
Studio
Avg:$1,635Median:$1,620Range:$882 – $2,399PSF:$3 / $3Sq Ft:517 / 516DOM:148 / 126New:0Total:39
1 Beds
Avg:$1,994Median:$1,795Range:$800 – $5,826PSF:$3 / $3Sq Ft:698 / 696DOM:88 / 45New:14Total:107
2 Beds
Avg:$3,080Median:$2,495Range:$1,300 – $7,000PSF:$3 / $3Sq Ft:1,123 / 1,105DOM:50 / 28New:13Total:79
3 Beds
Avg:$4,261Median:$3,895Range:$2,000 – $7,000PSF:$2 / $2Sq Ft:1,926 / 1,890DOM:40 / 14New:6Total:36
4 Beds
Avg:$6,064Median:$6,500Range:$3,400 – $9,995PSF:$3 / $2Sq Ft:2,474 / 2,497DOM:96 / 47New:6Total:47
5 Beds
Avg:$4,800Median:$4,800Range:$4,800 – $4,800PSF:$2 / $2Sq Ft:2,184 / 2,184DOM:1 / 1New:0Total:1
6 Beds
Avg:$6,995Median:$6,995Range:$6,995 – $6,995PSF:$2 / $2Sq Ft:3,999 / 3,999DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,635 | $1,620 | $882 – $2,399 | $3 / $3 | 517 / 516 | 148 / 126 | 0 | 39 |
| 1 Beds | $1,994 | $1,795 | $800 – $5,826 | $3 / $3 | 698 / 696 | 88 / 45 | 14 | 107 |
| 2 Beds | $3,080 | $2,495 | $1,300 – $7,000 | $3 / $3 | 1,123 / 1,105 | 50 / 28 | 13 | 79 |
| 3 Beds | $4,261 | $3,895 | $2,000 – $7,000 | $2 / $2 | 1,926 / 1,890 | 40 / 14 | 6 | 36 |
| 4 Beds | $6,064 | $6,500 | $3,400 – $9,995 | $3 / $2 | 2,474 / 2,497 | 96 / 47 | 6 | 47 |
| 5 Beds | $4,800 | $4,800 | $4,800 – $4,800 | $2 / $2 | 2,184 / 2,184 | 1 / 1 | 0 | 1 |
| 6 Beds | $6,995 | $6,995 | $6,995 – $6,995 | $2 / $2 | 3,999 / 3,999 | — | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$674,900Median DOM:83New:46Total:419
Jan 2026
Median Price:$659,900Median DOM:77New:101Total:425
Feb 2026
Median Price:$679,900Median DOM:54New:100Total:468
Mar 2026
Median Price:$679,900Median DOM:52New:108Total:451
Apr 2026
Median Price:$685,000Median DOM:52New:112Total:482
May 2026
Median Price:$696,900Median DOM:53New:38Total:488
6-Month Rental Trend
Dec 2025
Median Rent:$2,495Median DOM:63New:61Total:338
Jan 2026
Median Rent:$2,495Median DOM:62New:65Total:326
Feb 2026
Median Rent:$2,495Median DOM:61New:52Total:325
Mar 2026
Median Rent:$2,495Median DOM:51New:67Total:297
Apr 2026
Median Rent:$2,495Median DOM:46New:68Total:314
May 2026
Median Rent:$2,495Median DOM:42New:39Total:310
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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