ZIP 37216 Housing Market Report
Nashville Metro
Report period: August 2026
37216 Monthly Market Update – August 2026
ZIP 37216 · Last updated Aug 13, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$575,000
0.0%
Median DOM (Sales)
48
+11.6%
New Listings (Sales)
21
−70.4%
Median Rent
$2,550
+2.0%
Median DOM (Rental)
23
+9.5%
Total Rental Listings
117
+3.5%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Apartment (31 DOM)
- Fastest renting: Single Family (12 DOM)
- Strongest bedroom: 6 Beds ($1,120,000 median)
Sales Market Overview
Median Price
$575,000
0.0%
Median DOM
48
+11.6%
New Listings
21
−70.4%
Inventory
284
−4.7%
- Average Price: $671,698
- Median Price: $575,000
- Price Range: $39,000 – $4,750,000
- Price per Sq Ft (Avg/Median): $344 / $332
- Square Footage (Avg/Median): 1,833 / 1,734
- Square Footage Range: 504 – 5,573
- Days on Market (Avg/Median): 67 / 48
- Days on Market Range: 2 – 342
- New Listings: 21
- Total Listings: 284
Sales by Property Type
Apartment
Avg/Median Price$425,000 / $400,000Range$400,000 – $450,000Price per Sq Ft$452 / $427Sq Ft940 / 937DOM31 / 31New0Total2
Condo
Avg/Median Price$385,106 / $335,000Range$250,000 – $639,000Price per Sq Ft$388 / $389Sq Ft1,004 / 1,062DOM84 / 64New0Total18
Land
Avg/Median Price$1,843,593 / $700,000Range$39,000 – $4,750,000Price per Sq Ft—Sq Ft—DOM148 / 153New0Total15
Multi-Family
Avg/Median Price$629,803 / $485,000Range$295,020 – $900,000Price per Sq Ft$277 / $264Sq Ft2,304 / 1,920DOM105 / 32New0Total6
Single Family
Avg/Median Price$640,818 / $589,990Range$225,000 – $1,924,000Price per Sq Ft$347 / $335Sq Ft1,920 / 1,800DOM55 / 35New21Total194
Townhouse
Avg/Median Price$555,693 / $550,000Range$274,900 – $1,120,000Price per Sq Ft$320 / $310Sq Ft1,770 / 1,737DOM82 / 69New0Total49
Sales by Bedroom Count
1 Beds
Avg:$301,637Median:$289,000Range:$250,000 – $410,000PSF:$377 / $337Sq Ft:830 / 816DOM:74 / 56New:1Total:16
2 Beds
Avg:$403,215Median:$399,900Range:$225,000 – $695,000PSF:$394 / $401Sq Ft:1,042 / 959DOM:75 / 64New:3Total:40
3 Beds
Avg:$577,291Median:$559,900Range:$299,500 – $1,500,000PSF:$339 / $331Sq Ft:1,751 / 1,720DOM:53 / 40New:9Total:130
4 Beds
Avg:$754,424Median:$725,000Range:$349,000 – $1,924,000PSF:$327 / $331Sq Ft:2,310 / 2,200DOM:65 / 36New:7Total:71
5 Beds
Avg:$1,141,483Median:$899,999Range:$849,000 – $1,800,000PSF:$295 / $263Sq Ft:3,855 / 3,280DOM:76 / 83New:1Total:6
6 Beds
Avg:$1,158,560Median:$1,120,000Range:$899,900 – $1,625,000PSF:$283 / $275Sq Ft:4,064 / 4,078DOM:52 / 29New:0Total:5
8 Beds
Avg:$900,000Median:$900,000Range:$900,000 – $900,000PSF:$298 / $298Sq Ft:3,024 / 3,024DOM:342 / 342New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $301,637 | $289,000 | $250,000 – $410,000 | $377 / $337 | 830 / 816 | 74 / 56 | 1 | 16 |
| 2 Beds | $403,215 | $399,900 | $225,000 – $695,000 | $394 / $401 | 1,042 / 959 | 75 / 64 | 3 | 40 |
| 3 Beds | $577,291 | $559,900 | $299,500 – $1,500,000 | $339 / $331 | 1,751 / 1,720 | 53 / 40 | 9 | 130 |
| 4 Beds | $754,424 | $725,000 | $349,000 – $1,924,000 | $327 / $331 | 2,310 / 2,200 | 65 / 36 | 7 | 71 |
| 5 Beds | $1,141,483 | $899,999 | $849,000 – $1,800,000 | $295 / $263 | 3,855 / 3,280 | 76 / 83 | 1 | 6 |
| 6 Beds | $1,158,560 | $1,120,000 | $899,900 – $1,625,000 | $283 / $275 | 4,064 / 4,078 | 52 / 29 | 0 | 5 |
| 8 Beds | $900,000 | $900,000 | $900,000 – $900,000 | $298 / $298 | 3,024 / 3,024 | 342 / 342 | 0 | 1 |
Rental Market Overview
Median Rent
$2,550
+2.0%
Median DOM
23
+9.5%
New Listings
25
Inventory
117
+3.5%
- Average Rent: $2,548
- Median Rent: $2,550
- Rent Range: $1,000 – $7,485
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,442 / 1,280
- Square Footage Range: 481 – 5,022
- Days on Market (Avg/Median): 38 / 23
- Days on Market Range: 1 – 320
- New Listings: 25
- Total Listings: 117
Rentals by Property Type
Apartment
$1,525
Median DOM: 16
Inventory: 13
MoM: +2.0%
Condo
$1,750
Median DOM: 58
Inventory: 13
MoM: +2.0%
Single Family
$2,850
Median DOM: 12
Inventory: 66
MoM: +2.0%
Townhouse
$2,999
Median DOM: 42
Inventory: 12
MoM: +2.0%
Apartment
Avg/Median Rent$2,104 / $1,525Range$1,212 – $7,485Rent per Sq Ft$2 / $2Sq Ft889 / 800DOM60 / 16New1Total13
Condo
Avg/Median Rent$2,229 / $1,750Range$1,200 – $4,990Rent per Sq Ft$2 / $2Sq Ft1,128 / 1,000DOM57 / 58New4Total13
Multi-Family
Avg/Median Rent$1,875 / $1,700Range$1,200 – $3,995Rent per Sq Ft$2 / $2Sq Ft1,010 / 848DOM31 / 31New1Total13
Single Family
Avg/Median Rent$2,748 / $2,850Range$1,000 – $5,800Rent per Sq Ft$2 / $2Sq Ft1,651 / 1,622DOM26 / 12New19Total66
Townhouse
Avg/Median Rent$3,002 / $2,999Range$1,395 – $5,300Rent per Sq Ft$2 / $2Sq Ft1,678 / 1,734DOM85 / 42New0Total12
Rentals by Bedroom Count
Studio
Avg:$1,310Median:$1,310Range:$1,310 – $1,310PSF:$3 / $3Sq Ft:492 / 492DOM:—New:0Total:1
1 Beds
Avg:$1,493Median:$1,500Range:$1,000 – $2,200PSF:$2 / $2Sq Ft:777 / 600DOM:59 / 14New:3Total:14
2 Beds
Avg:$1,751Median:$1,650Range:$1,200 – $3,254PSF:$2 / $2Sq Ft:913 / 884DOM:42 / 23New:8Total:39
3 Beds
Avg:$3,084Median:$2,900Range:$2,150 – $7,485PSF:$2 / $2Sq Ft:1,795 / 1,844DOM:33 / 23New:9Total:48
4 Beds
Avg:$3,841Median:$3,600Range:$2,995 – $5,300PSF:$2 / $2Sq Ft:2,169 / 2,085DOM:27 / 9New:5Total:14
6 Beds
Avg:$5,800Median:$5,800Range:$5,800 – $5,800PSF:$1 / $1Sq Ft:5,022 / 5,022DOM:31 / 31New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,310 | $1,310 | $1,310 – $1,310 | $3 / $3 | 492 / 492 | — | 0 | 1 |
| 1 Beds | $1,493 | $1,500 | $1,000 – $2,200 | $2 / $2 | 777 / 600 | 59 / 14 | 3 | 14 |
| 2 Beds | $1,751 | $1,650 | $1,200 – $3,254 | $2 / $2 | 913 / 884 | 42 / 23 | 8 | 39 |
| 3 Beds | $3,084 | $2,900 | $2,150 – $7,485 | $2 / $2 | 1,795 / 1,844 | 33 / 23 | 9 | 48 |
| 4 Beds | $3,841 | $3,600 | $2,995 – $5,300 | $2 / $2 | 2,169 / 2,085 | 27 / 9 | 5 | 14 |
| 6 Beds | $5,800 | $5,800 | $5,800 – $5,800 | $1 / $1 | 5,022 / 5,022 | 31 / 31 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$575,000Median DOM:46New:65Total:231
Apr 2026
Median Price:$555,000Median DOM:35New:88Total:260
May 2026
Median Price:$554,000Median DOM:33New:82Total:291
Jun 2026
Median Price:$554,000Median DOM:42New:77Total:306
Jul 2026
Median Price:$575,000Median DOM:43New:71Total:298
Aug 2026
Median Price:$575,000Median DOM:48New:21Total:284
6-Month Rental Trend
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:15New:37Total:105
Jun 2026
Median Rent:$2,500Median DOM:16New:33Total:107
Jul 2026
Median Rent:$2,500Median DOM:21New:41Total:113
Aug 2026
Median Rent:$2,550Median DOM:23New:25Total:117
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower 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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