ZIP 37203 Housing Market Report
Nashville Metro
Report period: August 2026
37203 Monthly Market Update – August 2026
ZIP 37203 · Last updated Aug 13, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$688,000
+1.5%
Median DOM (Sales)
62
−3.1%
New Listings (Sales)
37
−64.1%
Median Rent
$2,250
−6.3%
Median DOM (Rental)
37
+12.1%
Total Rental Listings
276
−2.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (17 DOM)
- Fastest renting: Single Family (18 DOM)
- Strongest bedroom: 5 Beds ($2,149,900 median)
Sales Market Overview
Median Price
$688,000
+1.5%
Median DOM
62
−3.1%
New Listings
37
−64.1%
Inventory
517
−0.8%
- Average Price: $954,459
- Median Price: $688,000
- Price Range: $254,998 – $9,600,000
- Price per Sq Ft (Avg/Median): $663 / $598
- Square Footage (Avg/Median): 1,469 / 1,108
- Square Footage Range: 385 – 14,568
- Days on Market (Avg/Median): 81 / 62
- Days on Market Range: 1 – 349
- New Listings: 37
- Total Listings: 517
Sales by Property Type
Apartment
Avg/Median Price$480,612 / $382,500Range$344,998 – $850,000Price per Sq Ft$597 / $544Sq Ft808 / 751DOM79 / 51New1Total8
Condo
Avg/Median Price$874,835 / $588,461Range$254,998 – $9,000,000Price per Sq Ft$727 / $659Sq Ft1,093 / 961DOM90 / 76New26Total377
Land
Avg/Median Price$691,843 / $599,900Range$290,000 – $1,450,000Price per Sq Ft—Sq Ft—DOM47 / 17New0Total7
Multi-Family
Avg/Median Price$3,258,000 / $2,499,000Range$775,000 – $6,500,000Price per Sq Ft$693 / $543Sq Ft6,627 / 4,600DOM103 / 133New0Total3
Single Family
Avg/Median Price$1,235,456 / $1,100,000Range$260,000 – $2,700,000Price per Sq Ft$497 / $451Sq Ft2,601 / 2,373DOM31 / 23New7Total42
Townhouse
Avg/Median Price$1,166,146 / $920,000Range$379,900 – $9,600,000Price per Sq Ft$458 / $387Sq Ft2,523 / 2,379DOM65 / 49New3Total80
Sales by Bedroom Count
Studio
Avg:$438,311Median:$350,000Range:$319,900 – $883,000PSF:$883 / $831Sq Ft:491 / 520DOM:75 / 63New:0Total:9
1 Beds
Avg:$493,371Median:$454,900Range:$254,998 – $1,650,000PSF:$630 / $611Sq Ft:778 / 780DOM:86 / 62New:15Total:189
2 Beds
Avg:$954,134Median:$715,000Range:$263,900 – $7,000,000PSF:$707 / $645Sq Ft:1,307 / 1,242DOM:90 / 78New:11Total:158
3 Beds
Avg:$1,472,437Median:$950,000Range:$340,000 – $9,000,000PSF:$742 / $509Sq Ft:1,954 / 1,978DOM:68 / 50New:6Total:74
4 Beds
Avg:$1,636,439Median:$1,350,000Range:$725,000 – $9,600,000PSF:$572 / $451Sq Ft:2,996 / 2,698DOM:67 / 50New:4Total:71
5 Beds
Avg:$1,874,557Median:$2,149,900Range:$925,000 – $2,700,000PSF:$472 / $477Sq Ft:3,894 / 3,994DOM:55 / 50New:1Total:7
6 Beds
Avg:$1,199,000Median:$1,199,000Range:$1,199,000 – $1,199,000PSF:$351 / $351Sq Ft:3,413 / 3,413DOM:129 / 128New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $438,311 | $350,000 | $319,900 – $883,000 | $883 / $831 | 491 / 520 | 75 / 63 | 0 | 9 |
| 1 Beds | $493,371 | $454,900 | $254,998 – $1,650,000 | $630 / $611 | 778 / 780 | 86 / 62 | 15 | 189 |
| 2 Beds | $954,134 | $715,000 | $263,900 – $7,000,000 | $707 / $645 | 1,307 / 1,242 | 90 / 78 | 11 | 158 |
| 3 Beds | $1,472,437 | $950,000 | $340,000 – $9,000,000 | $742 / $509 | 1,954 / 1,978 | 68 / 50 | 6 | 74 |
| 4 Beds | $1,636,439 | $1,350,000 | $725,000 – $9,600,000 | $572 / $451 | 2,996 / 2,698 | 67 / 50 | 4 | 71 |
| 5 Beds | $1,874,557 | $2,149,900 | $925,000 – $2,700,000 | $472 / $477 | 3,894 / 3,994 | 55 / 50 | 1 | 7 |
| 6 Beds | $1,199,000 | $1,199,000 | $1,199,000 – $1,199,000 | $351 / $351 | 3,413 / 3,413 | 129 / 128 | 0 | 2 |
Rental Market Overview
Median Rent
$2,250
−6.3%
Median DOM
37
+12.1%
New Listings
27
Inventory
276
−2.8%
- Average Rent: $3,078
- Median Rent: $2,250
- Rent Range: $895 – $9,995
- Rent per Sq Ft (Avg/Median): $3 / $2
- Square Footage (Avg/Median): 1,217 / 936
- Square Footage Range: 300 – 4,386
- Days on Market (Avg/Median): 79 / 37
- Days on Market Range: 1 – 359
- New Listings: 27
- Total Listings: 276
Rentals by Property Type
Apartment
$1,679
Median DOM: 219
Inventory: 91
MoM: −6.3%
Condo
$2,495
Median DOM: 27
Inventory: 121
MoM: −6.3%
Single Family
$4,500
Median DOM: 18
Inventory: 34
MoM: −6.3%
Townhouse
$3,499
Median DOM: 36
Inventory: 23
MoM: −6.3%
Apartment
Avg/Median Rent$2,352 / $1,679Range$895 – $9,430Rent per Sq Ft$3 / $3Sq Ft902 / 578DOM180 / 219New1Total91
Condo
Avg/Median Rent$2,982 / $2,495Range$1,300 – $9,995Rent per Sq Ft$3 / $2Sq Ft1,059 / 945DOM47 / 27New13Total121
Multi-Family
Avg/Median Rent$4,640 / $5,200Range$1,600 – $6,995Rent per Sq Ft$2 / $2Sq Ft1,874 / 2,100DOM62 / 52New0Total7
Single Family
Avg/Median Rent$4,552 / $4,500Range$1,650 – $8,995Rent per Sq Ft$2 / $2Sq Ft1,996 / 2,200DOM35 / 18New10Total34
Townhouse
Avg/Median Rent$3,803 / $3,499Range$1,595 – $7,000Rent per Sq Ft$2 / $2Sq Ft1,908 / 1,800DOM69 / 36New3Total23
Rentals by Bedroom Count
Studio
Avg:$1,705Median:$1,655Range:$917 – $2,489PSF:$3 / $3Sq Ft:523 / 541DOM:187 / 219New:0Total:41
1 Beds
Avg:$1,946Median:$1,750Range:$895 – $4,065PSF:$3 / $3Sq Ft:706 / 701DOM:65 / 36New:12Total:83
2 Beds
Avg:$2,796Median:$2,495Range:$1,300 – $7,000PSF:$3 / $2Sq Ft:1,132 / 1,103DOM:44 / 27New:5Total:77
3 Beds
Avg:$4,258Median:$4,000Range:$1,650 – $6,995PSF:$3 / $2Sq Ft:1,800 / 1,768DOM:62 / 32New:8Total:31
4 Beds
Avg:$6,202Median:$6,026Range:$3,000 – $9,995PSF:$3 / $2Sq Ft:2,502 / 2,497DOM:143 / 61New:2Total:40
5 Beds
Avg:$4,622Median:$4,250Range:$4,250 – $4,995PSF:$2 / $1Sq Ft:2,894 / 2,209DOM:36 / 36New:0Total:2
6 Beds
Avg:$6,748Median:$6,500Range:$6,500 – $6,995PSF:$2 / $2Sq Ft:3,048 / 2,097DOM:32 / 32New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,705 | $1,655 | $917 – $2,489 | $3 / $3 | 523 / 541 | 187 / 219 | 0 | 41 |
| 1 Beds | $1,946 | $1,750 | $895 – $4,065 | $3 / $3 | 706 / 701 | 65 / 36 | 12 | 83 |
| 2 Beds | $2,796 | $2,495 | $1,300 – $7,000 | $3 / $2 | 1,132 / 1,103 | 44 / 27 | 5 | 77 |
| 3 Beds | $4,258 | $4,000 | $1,650 – $6,995 | $3 / $2 | 1,800 / 1,768 | 62 / 32 | 8 | 31 |
| 4 Beds | $6,202 | $6,026 | $3,000 – $9,995 | $3 / $2 | 2,502 / 2,497 | 143 / 61 | 2 | 40 |
| 5 Beds | $4,622 | $4,250 | $4,250 – $4,995 | $2 / $1 | 2,894 / 2,209 | 36 / 36 | 0 | 2 |
| 6 Beds | $6,748 | $6,500 | $6,500 – $6,995 | $2 / $2 | 3,048 / 2,097 | 32 / 32 | 0 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$679,900Median DOM:52New:108Total:451
Apr 2026
Median Price:$685,000Median DOM:52New:112Total:482
May 2026
Median Price:$699,000Median DOM:59New:90Total:485
Jun 2026
Median Price:$680,900Median DOM:65New:106Total:505
Jul 2026
Median Price:$678,000Median DOM:64New:103Total:521
Aug 2026
Median Price:$688,000Median DOM:62New:37Total:517
6-Month Rental Trend
Mar 2026
Median Rent:$2,495Median DOM:51New:67Total:297
Apr 2026
Median Rent:$2,495Median DOM:46New:68Total:314
May 2026
Median Rent:$2,489Median DOM:38New:69Total:309
Jun 2026
Median Rent:$2,495Median DOM:43New:50Total:287
Jul 2026
Median Rent:$2,400Median DOM:33New:68Total:284
Aug 2026
Median Rent:$2,250Median DOM:37New:27Total:276
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. 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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