ZIP 37206 Housing Market Report
Nashville Metro
Report period: May 2026
37206 Monthly Market Update – May 2026
ZIP 37206 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$729,900
0.0%
Median DOM (Sales)
32
+10.3%
New Listings (Sales)
28
−76.3%
Median Rent
$2,650
−1.7%
Median DOM (Rental)
19
−17.4%
Total Rental Listings
190
+0.5%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (26 DOM)
- Fastest renting: Condo (10 DOM)
- Strongest bedroom: Studio ($4,300,000 median)
Sales Market Overview
Median Price
$729,900
0.0%
Median DOM
32
+10.3%
New Listings
28
−76.3%
Inventory
343
+1.8%
- Average Price: $840,909
- Median Price: $729,900
- Price Range: $149,999 – $4,300,000
- Price per Sq Ft (Avg/Median): $386 / $358
- Square Footage (Avg/Median): 2,253 / 2,180
- Square Footage Range: 692 – 5,958
- Days on Market (Avg/Median): 49 / 32
- Days on Market Range: 1 – 353
- New Listings: 28
- Total Listings: 343
Sales by Property Type
Apartment
Avg/Median Price$378,655 / $325,000Range$324,720 – $499,900Price per Sq Ft$329 / $317Sq Ft1,152 / 1,024DOM57 / 50New0Total4
Condo
Avg/Median Price$556,304 / $499,900Range$284,900 – $1,100,000Price per Sq Ft$500 / $483Sq Ft1,170 / 1,012DOM66 / 62New2Total27
Land
Avg/Median Price$561,470 / $350,000Range$149,999 – $2,200,000Price per Sq Ft—Sq Ft—DOM56 / 35New0Total20
Multi-Family
Avg/Median Price$868,756 / $650,000Range$415,000 – $2,424,000Price per Sq Ft$323 / $327Sq Ft2,704 / 2,700DOM78 / 52New1Total9
Single Family
Avg/Median Price$939,861 / $821,000Range$314,999 – $4,300,000Price per Sq Ft$386 / $365Sq Ft2,420 / 2,304DOM42 / 26New21Total227
Townhouse
Avg/Median Price$705,362 / $685,000Range$379,000 – $1,250,000Price per Sq Ft$342 / $328Sq Ft2,109 / 2,168DOM62 / 41New4Total56
Sales by Bedroom Count
Studio
Avg:$4,300,000Median:$4,300,000Range:$4,300,000 – $4,300,000PSF:—Sq Ft:—DOM:36 / 36New:0Total:1
1 Beds
Avg:$394,019Median:$379,000Range:$284,900 – $599,000PSF:$419 / $398Sq Ft:988 / 965DOM:54 / 51New:1Total:19
2 Beds
Avg:$509,794Median:$499,900Range:$329,000 – $798,500PSF:$464 / $473Sq Ft:1,180 / 1,055DOM:36 / 32New:4Total:32
3 Beds
Avg:$697,869Median:$669,900Range:$325,000 – $2,700,000PSF:$376 / $351Sq Ft:1,918 / 1,912DOM:53 / 33New:8Total:113
4 Beds
Avg:$963,709Median:$875,000Range:$424,900 – $2,250,000PSF:$369 / $353Sq Ft:2,601 / 2,580DOM:43 / 26New:15Total:119
5 Beds
Avg:$1,375,616Median:$1,359,000Range:$415,000 – $2,399,900PSF:$379 / $362Sq Ft:3,610 / 3,552DOM:62 / 46New:0Total:30
6 Beds
Avg:$1,624,940Median:$875,000Range:$824,900 – $3,999,900PSF:$383 / $324Sq Ft:3,816 / 3,060DOM:45 / 22New:0Total:5
7 Beds
Avg:$1,837,000Median:$1,250,000Range:$1,250,000 – $2,424,000PSF:$419 / $328Sq Ft:4,279 / 3,808DOM:63 / 52New:0Total:2
8 Beds
Avg:$1,247,500Median:$1,100,000Range:$1,100,000 – $1,395,000PSF:$402 / $303Sq Ft:3,400 / 2,200DOM:26 / 14New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $4,300,000 | $4,300,000 | $4,300,000 – $4,300,000 | — | — | 36 / 36 | 0 | 1 |
| 1 Beds | $394,019 | $379,000 | $284,900 – $599,000 | $419 / $398 | 988 / 965 | 54 / 51 | 1 | 19 |
| 2 Beds | $509,794 | $499,900 | $329,000 – $798,500 | $464 / $473 | 1,180 / 1,055 | 36 / 32 | 4 | 32 |
| 3 Beds | $697,869 | $669,900 | $325,000 – $2,700,000 | $376 / $351 | 1,918 / 1,912 | 53 / 33 | 8 | 113 |
| 4 Beds | $963,709 | $875,000 | $424,900 – $2,250,000 | $369 / $353 | 2,601 / 2,580 | 43 / 26 | 15 | 119 |
| 5 Beds | $1,375,616 | $1,359,000 | $415,000 – $2,399,900 | $379 / $362 | 3,610 / 3,552 | 62 / 46 | 0 | 30 |
| 6 Beds | $1,624,940 | $875,000 | $824,900 – $3,999,900 | $383 / $324 | 3,816 / 3,060 | 45 / 22 | 0 | 5 |
| 7 Beds | $1,837,000 | $1,250,000 | $1,250,000 – $2,424,000 | $419 / $328 | 4,279 / 3,808 | 63 / 52 | 0 | 2 |
| 8 Beds | $1,247,500 | $1,100,000 | $1,100,000 – $1,395,000 | $402 / $303 | 3,400 / 2,200 | 26 / 14 | 0 | 2 |
Rental Market Overview
Median Rent
$2,650
−1.7%
Median DOM
19
−17.4%
New Listings
38
Inventory
190
+0.5%
- Average Rent: $2,833
- Median Rent: $2,650
- Rent Range: $900 – $10,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,514 / 1,420
- Square Footage Range: 418 – 5,000
- Days on Market (Avg/Median): 44 / 19
- Days on Market Range: 1 – 300
- New Listings: 38
- Total Listings: 190
Rentals by Property Type
Apartment
$1,495
Median DOM: 71
Inventory: 31
MoM: −1.7%
Condo
$1,899
Median DOM: 10
Inventory: 21
MoM: −1.7%
Single Family
$3,000
Median DOM: 15
Inventory: 104
MoM: −1.7%
Townhouse
$2,720
Median DOM: 22
Inventory: 18
MoM: −1.7%
Apartment
Avg/Median Rent$1,992 / $1,495Range$900 – $6,451Rent per Sq Ft$2 / $2Sq Ft876 / 750DOM99 / 71New4Total31
Condo
Avg/Median Rent$2,083 / $1,899Range$1,247 – $4,000Rent per Sq Ft$2 / $2Sq Ft984 / 812DOM29 / 10New6Total21
Multi-Family
Avg/Median Rent$1,910 / $1,795Range$1,450 – $2,700Rent per Sq Ft$2 / $2Sq Ft1,006 / 850DOM64 / 37New4Total16
Single Family
Avg/Median Rent$3,397 / $3,000Range$1,295 – $10,000Rent per Sq Ft$2 / $2Sq Ft1,860 / 1,800DOM24 / 15New19Total104
Townhouse
Avg/Median Rent$2,717 / $2,720Range$1,550 – $3,650Rent per Sq Ft$2 / $2Sq Ft1,523 / 1,511DOM64 / 22New5Total18
Rentals by Bedroom Count
Studio
Avg:$1,606Median:$1,600Range:$1,143 – $2,300PSF:$3 / $3Sq Ft:561 / 560DOM:25 / 18New:1Total:5
1 Beds
Avg:$1,534Median:$1,500Range:$900 – $2,720PSF:$2 / $2Sq Ft:719 / 721DOM:70 / 24New:3Total:27
2 Beds
Avg:$2,163Median:$2,050Range:$1,050 – $6,451PSF:$2 / $2Sq Ft:940 / 914DOM:51 / 24New:12Total:55
3 Beds
Avg:$3,152Median:$2,950Range:$1,550 – $6,377PSF:$2 / $2Sq Ft:1,813 / 1,683DOM:41 / 13New:15Total:65
4 Beds
Avg:$4,126Median:$3,795Range:$2,300 – $8,500PSF:$2 / $2Sq Ft:2,303 / 2,322DOM:25 / 19New:6Total:35
5 Beds
Avg:$6,833Median:$5,500Range:$5,000 – $10,000PSF:$2 / $2Sq Ft:3,823 / 3,426DOM:9 / 11New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,606 | $1,600 | $1,143 – $2,300 | $3 / $3 | 561 / 560 | 25 / 18 | 1 | 5 |
| 1 Beds | $1,534 | $1,500 | $900 – $2,720 | $2 / $2 | 719 / 721 | 70 / 24 | 3 | 27 |
| 2 Beds | $2,163 | $2,050 | $1,050 – $6,451 | $2 / $2 | 940 / 914 | 51 / 24 | 12 | 55 |
| 3 Beds | $3,152 | $2,950 | $1,550 – $6,377 | $2 / $2 | 1,813 / 1,683 | 41 / 13 | 15 | 65 |
| 4 Beds | $4,126 | $3,795 | $2,300 – $8,500 | $2 / $2 | 2,303 / 2,322 | 25 / 19 | 6 | 35 |
| 5 Beds | $6,833 | $5,500 | $5,000 – $10,000 | $2 / $2 | 3,823 / 3,426 | 9 / 11 | 1 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$699,900Median DOM:57New:54Total:327
Jan 2026
Median Price:$689,900Median DOM:54New:68Total:306
Feb 2026
Median Price:$680,000Median DOM:47New:85Total:305
Mar 2026
Median Price:$719,000Median DOM:37New:89Total:271
Apr 2026
Median Price:$729,900Median DOM:29New:118Total:337
May 2026
Median Price:$729,900Median DOM:32New:28Total:343
6-Month Rental Trend
Dec 2025
Median Rent:$2,595Median DOM:36New:52Total:179
Jan 2026
Median Rent:$2,575Median DOM:37New:50Total:172
Feb 2026
Median Rent:$2,700Median DOM:32New:48Total:179
Mar 2026
Median Rent:$2,700Median DOM:27New:58Total:175
Apr 2026
Median Rent:$2,695Median DOM:23New:62Total:189
May 2026
Median Rent:$2,650Median DOM:19New:38Total:190
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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