ZIP 37216 Housing Market Report
Nashville Metro
Report period: May 2026
37216 Monthly Market Update – May 2026
ZIP 37216 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$554,900
−0.0%
Median DOM (Sales)
33
−5.7%
New Listings (Sales)
26
−70.5%
Median Rent
$2,475
+7.6%
Median DOM (Rental)
14
−26.3%
Total Rental Listings
110
+8.9%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (13 DOM)
- Fastest renting: Single Family (6 DOM)
- Strongest bedroom: 6 Beds ($949,000 median)
Sales Market Overview
Median Price
$554,900
−0.0%
Median DOM
33
−5.7%
New Listings
26
−70.5%
Inventory
271
+4.2%
- Average Price: $694,276
- Median Price: $554,900
- Price Range: $37,000 – $9,500,000
- Price per Sq Ft (Avg/Median): $343 / $331
- Square Footage (Avg/Median): 1,801 / 1,727
- Square Footage Range: 547 – 5,573
- Days on Market (Avg/Median): 54 / 33
- Days on Market Range: 1 – 346
- New Listings: 26
- Total Listings: 271
Sales by Property Type
Apartment
Avg/Median Price$435,000 / $420,000Range$420,000 – $450,000Price per Sq Ft$463 / $448Sq Ft940 / 937DOM200 / 53New0Total2
Condo
Avg/Median Price$362,621 / $333,000Range$250,000 – $649,000Price per Sq Ft$386 / $375Sq Ft951 / 857DOM73 / 36New1Total19
Land
Avg/Median Price$1,661,548 / $445,000Range$37,000 – $9,500,000Price per Sq Ft—Sq Ft—DOM88 / 74New0Total25
Multi-Family
Avg/Median Price$656,725 / $460,000Range$375,000 – $949,000Price per Sq Ft$282 / $259Sq Ft2,324 / 1,920DOM49 / 13New1Total8
Single Family
Avg/Median Price$648,486 / $599,000Range$249,900 – $2,150,000Price per Sq Ft$344 / $330Sq Ft1,960 / 1,867DOM45 / 31New19Total163
Townhouse
Avg/Median Price$516,541 / $539,900Range$244,900 – $789,900Price per Sq Ft$332 / $331Sq Ft1,574 / 1,716DOM56 / 37New5Total54
Sales by Bedroom Count
Studio
Avg:$249,900Median:$249,900Range:$249,900 – $249,900PSF:$457 / $457Sq Ft:547 / 547DOM:176 / 176New:0Total:1
1 Beds
Avg:$300,233Median:$289,900Range:$244,900 – $410,000PSF:$361 / $350Sq Ft:844 / 791DOM:55 / 36New:3Total:18
2 Beds
Avg:$423,949Median:$420,000Range:$289,900 – $555,000PSF:$394 / $382Sq Ft:1,103 / 1,070DOM:59 / 26New:6Total:45
3 Beds
Avg:$570,704Median:$574,900Range:$315,000 – $899,900PSF:$333 / $326Sq Ft:1,755 / 1,735DOM:44 / 31New:13Total:113
4 Beds
Avg:$783,824Median:$714,900Range:$375,000 – $2,150,000PSF:$327 / $314Sq Ft:2,397 / 2,234DOM:56 / 36New:3Total:55
5 Beds
Avg:$1,030,460Median:$875,000Range:$549,900 – $1,800,000PSF:$313 / $278Sq Ft:3,324 / 3,224DOM:27 / 16New:1Total:10
6 Beds
Avg:$1,337,000Median:$949,000Range:$949,000 – $1,725,000PSF:$311 / $278Sq Ft:4,217 / 3,412DOM:31 / 28New:0Total:2
7 Beds
Avg:$399,900Median:$399,900Range:$399,900 – $399,900PSF:$138 / $138Sq Ft:2,905 / 2,905DOM:36 / 36New:0Total:1
8 Beds
Avg:$900,000Median:$900,000Range:$900,000 – $900,000PSF:$298 / $298Sq Ft:3,024 / 3,024DOM:249 / 249New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $249,900 | $249,900 | $249,900 – $249,900 | $457 / $457 | 547 / 547 | 176 / 176 | 0 | 1 |
| 1 Beds | $300,233 | $289,900 | $244,900 – $410,000 | $361 / $350 | 844 / 791 | 55 / 36 | 3 | 18 |
| 2 Beds | $423,949 | $420,000 | $289,900 – $555,000 | $394 / $382 | 1,103 / 1,070 | 59 / 26 | 6 | 45 |
| 3 Beds | $570,704 | $574,900 | $315,000 – $899,900 | $333 / $326 | 1,755 / 1,735 | 44 / 31 | 13 | 113 |
| 4 Beds | $783,824 | $714,900 | $375,000 – $2,150,000 | $327 / $314 | 2,397 / 2,234 | 56 / 36 | 3 | 55 |
| 5 Beds | $1,030,460 | $875,000 | $549,900 – $1,800,000 | $313 / $278 | 3,324 / 3,224 | 27 / 16 | 1 | 10 |
| 6 Beds | $1,337,000 | $949,000 | $949,000 – $1,725,000 | $311 / $278 | 4,217 / 3,412 | 31 / 28 | 0 | 2 |
| 7 Beds | $399,900 | $399,900 | $399,900 – $399,900 | $138 / $138 | 2,905 / 2,905 | 36 / 36 | 0 | 1 |
| 8 Beds | $900,000 | $900,000 | $900,000 – $900,000 | $298 / $298 | 3,024 / 3,024 | 249 / 249 | 0 | 1 |
Rental Market Overview
Median Rent
$2,475
+7.6%
Median DOM
14
−26.3%
New Listings
25
Inventory
110
+8.9%
- Average Rent: $2,514
- Median Rent: $2,475
- Rent Range: $982 – $7,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,420 / 1,317
- Square Footage Range: 481 – 4,000
- Days on Market (Avg/Median): 51 / 14
- Days on Market Range: 1 – 328
- New Listings: 25
- Total Listings: 110
Rentals by Property Type
Apartment
$1,625
Median DOM: 182
Inventory: 13
MoM: +7.6%
Condo
$2,100
Median DOM: 30
Inventory: 8
MoM: +7.6%
Single Family
$2,700
Median DOM: 6
Inventory: 62
MoM: +7.6%
Townhouse
$2,799
Median DOM: 30
Inventory: 16
MoM: +7.6%
Apartment
Avg/Median Rent$2,309 / $1,625Range$982 – $5,806Rent per Sq Ft$2 / $2Sq Ft995 / 800DOM150 / 182New0Total13
Condo
Avg/Median Rent$2,336 / $2,100Range$1,500 – $3,495Rent per Sq Ft$2 / $2Sq Ft1,153 / 1,040DOM83 / 30New2Total8
Multi-Family
Avg/Median Rent$1,825 / $1,500Range$1,150 – $3,995Rent per Sq Ft$2 / $2Sq Ft1,007 / 768DOM77 / 26New2Total11
Single Family
Avg/Median Rent$2,629 / $2,700Range$1,150 – $7,000Rent per Sq Ft$2 / $2Sq Ft1,540 / 1,526DOM26 / 6New17Total62
Townhouse
Avg/Median Rent$2,801 / $2,799Range$1,450 – $4,450Rent per Sq Ft$2 / $2Sq Ft1,688 / 1,736DOM72 / 30New4Total16
Rentals by Bedroom Count
Studio
Avg:$1,100Median:$1,100Range:$1,100 – $1,100PSF:$1 / $1Sq Ft:800 / 800DOM:—New:0Total:1
1 Beds
Avg:$1,473Median:$1,500Range:$982 – $2,200PSF:$2 / $2Sq Ft:727 / 749DOM:52 / 21New:2Total:11
2 Beds
Avg:$2,021Median:$1,850Range:$1,150 – $5,501PSF:$2 / $2Sq Ft:1,025 / 1,000DOM:57 / 13New:9Total:40
3 Beds
Avg:$2,958Median:$2,950Range:$1,395 – $5,806PSF:$2 / $2Sq Ft:1,734 / 1,758DOM:50 / 14New:13Total:51
4 Beds
Avg:$3,935Median:$3,250Range:$2,800 – $7,000PSF:$2 / $2Sq Ft:2,436 / 2,139DOM:23 / 25New:1Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,100 | $1,100 | $1,100 – $1,100 | $1 / $1 | 800 / 800 | — | 0 | 1 |
| 1 Beds | $1,473 | $1,500 | $982 – $2,200 | $2 / $2 | 727 / 749 | 52 / 21 | 2 | 11 |
| 2 Beds | $2,021 | $1,850 | $1,150 – $5,501 | $2 / $2 | 1,025 / 1,000 | 57 / 13 | 9 | 40 |
| 3 Beds | $2,958 | $2,950 | $1,395 – $5,806 | $2 / $2 | 1,734 / 1,758 | 50 / 14 | 13 | 51 |
| 4 Beds | $3,935 | $3,250 | $2,800 – $7,000 | $2 / $2 | 2,436 / 2,139 | 23 / 25 | 1 | 7 |
6-Month Sales Trend
Dec 2025
Median Price:$599,000Median DOM:57New:51Total:260
Jan 2026
Median Price:$599,000Median DOM:61New:50Total:252
Feb 2026
Median Price:$594,000Median DOM:57New:51Total:252
Mar 2026
Median Price:$575,000Median DOM:46New:65Total:231
Apr 2026
Median Price:$555,000Median DOM:35New:88Total:260
May 2026
Median Price:$554,900Median DOM:33New:26Total:271
6-Month Rental Trend
Dec 2025
Median Rent:$2,549Median DOM:35New:48Total:148
Jan 2026
Median Rent:$2,400Median DOM:42New:28Total:144
Feb 2026
Median Rent:$2,395Median DOM:40New:30Total:119
Mar 2026
Median Rent:$2,300Median DOM:30New:30Total:97
Apr 2026
Median Rent:$2,300Median DOM:19New:37Total:101
May 2026
Median Rent:$2,475Median DOM:14New:25Total:110
Key Market Takeaways
Median sale prices softened 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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