ZIP 37204 Housing Market Report
Nashville Metro
Report period: May 2026
37204 Monthly Market Update – May 2026
ZIP 37204 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$1,200,000
+4.3%
Median DOM (Sales)
36
−5.3%
New Listings (Sales)
24
−60.0%
Median Rent
$2,196
+2.1%
Median DOM (Rental)
19
−20.8%
Total Rental Listings
86
+8.9%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (35 DOM)
- Fastest renting: Single Family (7 DOM)
- Strongest bedroom: 6 Beds ($2,975,000 median)
Sales Market Overview
Median Price
$1,200,000
+4.3%
Median DOM
36
−5.3%
New Listings
24
−60.0%
Inventory
197
+2.1%
- Average Price: $1,430,470
- Median Price: $1,200,000
- Price Range: $185,000 – $5,900,000
- Price per Sq Ft (Avg/Median): $468 / $449
- Square Footage (Avg/Median): 2,979 / 2,792
- Square Footage Range: 418 – 12,962
- Days on Market (Avg/Median): 50 / 36
- Days on Market Range: 2 – 355
- New Listings: 24
- Total Listings: 197
Sales by Property Type
Apartment
Avg/Median Price$319,900 / $319,900Range$319,900 – $319,900Price per Sq Ft$470 / $470Sq Ft680 / 680DOM43 / 43New0Total1
Condo
Avg/Median Price$359,920 / $339,000Range$185,000 – $643,750Price per Sq Ft$425 / $392Sq Ft893 / 864DOM52 / 35New5Total25
Land
Avg/Median Price$890,644 / $875,000Range$397,000 – $1,399,933Price per Sq Ft—Sq Ft—DOM43 / 50New0Total3
Multi-Family
Avg/Median Price$1,537,500 / $675,000Range$675,000 – $2,400,000Price per Sq Ft$533 / $412Sq Ft2,654 / 1,638DOM37 / 37New0Total2
Single Family
Avg/Median Price$1,833,907 / $1,550,000Range$190,000 – $5,900,000Price per Sq Ft$497 / $478Sq Ft3,637 / 3,345DOM46 / 36New18Total131
Townhouse
Avg/Median Price$757,023 / $719,900Range$385,000 – $1,749,900Price per Sq Ft$390 / $351Sq Ft2,090 / 1,902DOM66 / 41New1Total35
Sales by Bedroom Count
Studio
Avg:$269,950Median:$240,000Range:$240,000 – $299,900PSF:$646 / $574Sq Ft:418 / 418DOM:150 / 71New:0Total:2
1 Beds
Avg:$384,475Median:$299,000Range:$185,000 – $2,200,000PSF:$427 / $389Sq Ft:812 / 680DOM:42 / 33New:5Total:20
2 Beds
Avg:$535,487Median:$475,000Range:$385,000 – $899,999PSF:$422 / $389Sq Ft:1,294 / 1,252DOM:48 / 41New:1Total:24
3 Beds
Avg:$928,221Median:$869,000Range:$575,000 – $1,800,000PSF:$463 / $419Sq Ft:2,112 / 2,032DOM:58 / 39New:3Total:37
4 Beds
Avg:$1,559,194Median:$1,430,000Range:$675,000 – $3,099,000PSF:$460 / $451Sq Ft:3,366 / 3,188DOM:52 / 36New:9Total:68
5 Beds
Avg:$2,619,161Median:$2,525,500Range:$899,900 – $5,900,000PSF:$518 / $506Sq Ft:4,991 / 4,561DOM:43 / 26New:5Total:33
6 Beds
Avg:$3,124,779Median:$2,975,000Range:$1,999,990 – $5,199,900PSF:$542 / $524Sq Ft:5,801 / 5,514DOM:44 / 35New:1Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $269,950 | $240,000 | $240,000 – $299,900 | $646 / $574 | 418 / 418 | 150 / 71 | 0 | 2 |
| 1 Beds | $384,475 | $299,000 | $185,000 – $2,200,000 | $427 / $389 | 812 / 680 | 42 / 33 | 5 | 20 |
| 2 Beds | $535,487 | $475,000 | $385,000 – $899,999 | $422 / $389 | 1,294 / 1,252 | 48 / 41 | 1 | 24 |
| 3 Beds | $928,221 | $869,000 | $575,000 – $1,800,000 | $463 / $419 | 2,112 / 2,032 | 58 / 39 | 3 | 37 |
| 4 Beds | $1,559,194 | $1,430,000 | $675,000 – $3,099,000 | $460 / $451 | 3,366 / 3,188 | 52 / 36 | 9 | 68 |
| 5 Beds | $2,619,161 | $2,525,500 | $899,900 – $5,900,000 | $518 / $506 | 4,991 / 4,561 | 43 / 26 | 5 | 33 |
| 6 Beds | $3,124,779 | $2,975,000 | $1,999,990 – $5,199,900 | $542 / $524 | 5,801 / 5,514 | 44 / 35 | 1 | 10 |
Rental Market Overview
Median Rent
$2,196
+2.1%
Median DOM
19
−20.8%
New Listings
20
Inventory
86
+8.9%
- Average Rent: $3,279
- Median Rent: $2,196
- Rent Range: $1,050 – $9,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,576 / 1,200
- Square Footage Range: 418 – 4,700
- Days on Market (Avg/Median): 46 / 19
- Days on Market Range: 1 – 243
- New Listings: 20
- Total Listings: 86
Rentals by Property Type
Apartment
$1,440
Median DOM: 76
Inventory: 18
MoM: +2.1%
Condo
$1,900
Median DOM: 28
Inventory: 19
MoM: +2.1%
Single Family
$4,450
Median DOM: 7
Inventory: 40
MoM: +2.1%
Townhouse
$2,500
Median DOM: 60
Inventory: 6
MoM: +2.1%
Apartment
Avg/Median Rent$1,908 / $1,440Range$1,199 – $4,900Rent per Sq Ft$2 / $2Sq Ft967 / 750DOM85 / 76New0Total18
Condo
Avg/Median Rent$1,959 / $1,900Range$1,200 – $3,495Rent per Sq Ft$2 / $2Sq Ft958 / 871DOM41 / 28New3Total19
Multi-Family
Avg/Median Rent$1,867 / $1,900Range$1,800 – $1,900Rent per Sq Ft$2 / $2Sq Ft1,037 / 1,056DOM122 / 93New0Total3
Single Family
Avg/Median Rent$4,646 / $4,450Range$1,050 – $9,500Rent per Sq Ft$2 / $2Sq Ft2,163 / 2,181DOM32 / 7New16Total40
Townhouse
Avg/Median Rent$3,166 / $2,500Range$1,850 – $5,000Rent per Sq Ft$2 / $2Sq Ft1,517 / 1,333DOM41 / 60New1Total6
Rentals by Bedroom Count
Studio
Avg:$1,366Median:$1,292Range:$1,292 – $1,440PSF:$3 / $3Sq Ft:506 / 470DOM:—New:0Total:2
1 Beds
Avg:$1,638Median:$1,700Range:$1,199 – $2,196PSF:$2 / $2Sq Ft:717 / 750DOM:51 / 30New:5Total:27
2 Beds
Avg:$2,127Median:$1,995Range:$1,050 – $3,200PSF:$2 / $2Sq Ft:1,140 / 1,056DOM:48 / 8New:4Total:21
3 Beds
Avg:$3,903Median:$4,000Range:$2,000 – $5,800PSF:$2 / $2Sq Ft:1,724 / 1,584DOM:23 / 2New:5Total:11
4 Beds
Avg:$5,515Median:$5,000Range:$2,595 – $9,500PSF:$2 / $2Sq Ft:2,700 / 2,500DOM:45 / 8New:4Total:19
5 Beds
Avg:$7,429Median:$8,500Range:$4,595 – $9,000PSF:$2 / $2Sq Ft:3,523 / 3,400DOM:60 / 12New:2Total:5
6 Beds
Avg:$5,495Median:$5,495Range:$5,495 – $5,495PSF:$2 / $2Sq Ft:2,500 / 2,500DOM:46 / 46New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,366 | $1,292 | $1,292 – $1,440 | $3 / $3 | 506 / 470 | — | 0 | 2 |
| 1 Beds | $1,638 | $1,700 | $1,199 – $2,196 | $2 / $2 | 717 / 750 | 51 / 30 | 5 | 27 |
| 2 Beds | $2,127 | $1,995 | $1,050 – $3,200 | $2 / $2 | 1,140 / 1,056 | 48 / 8 | 4 | 21 |
| 3 Beds | $3,903 | $4,000 | $2,000 – $5,800 | $2 / $2 | 1,724 / 1,584 | 23 / 2 | 5 | 11 |
| 4 Beds | $5,515 | $5,000 | $2,595 – $9,500 | $2 / $2 | 2,700 / 2,500 | 45 / 8 | 4 | 19 |
| 5 Beds | $7,429 | $8,500 | $4,595 – $9,000 | $2 / $2 | 3,523 / 3,400 | 60 / 12 | 2 | 5 |
| 6 Beds | $5,495 | $5,495 | $5,495 – $5,495 | $2 / $2 | 2,500 / 2,500 | 46 / 46 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$1,199,000Median DOM:82New:18Total:168
Jan 2026
Median Price:$1,205,000Median DOM:79New:36Total:159
Feb 2026
Median Price:$1,150,000Median DOM:57New:34Total:149
Mar 2026
Median Price:$1,165,000Median DOM:34New:61Total:162
Apr 2026
Median Price:$1,150,000Median DOM:38New:60Total:193
May 2026
Median Price:$1,200,000Median DOM:36New:24Total:197
6-Month Rental Trend
Dec 2025
Median Rent:$2,700Median DOM:55New:18Total:87
Jan 2026
Median Rent:$2,495Median DOM:40New:25Total:85
Feb 2026
Median Rent:$2,222Median DOM:30New:20Total:84
Mar 2026
Median Rent:$2,200Median DOM:19New:26Total:83
Apr 2026
Median Rent:$2,150Median DOM:24New:21Total:79
May 2026
Median Rent:$2,196Median DOM:19New:20Total:86
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, while total rental inventory increased.
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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