ZIP 37217 Housing Market Report
Nashville Metro
Report period: May 2026
37217 Monthly Market Update – May 2026
ZIP 37217 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$350,000
−3.5%
Median DOM (Sales)
34
−2.9%
New Listings (Sales)
11
−73.2%
Median Rent
$1,600
−3.0%
Median DOM (Rental)
20
−13.0%
Total Rental Listings
99
−1.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (22 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 7 Beds ($530,000 median)
Sales Market Overview
Median Price
$350,000
−3.5%
Median DOM
34
−2.9%
New Listings
11
−73.2%
Inventory
151
−0.7%
- Average Price: $413,412
- Median Price: $350,000
- Price Range: $128,000 – $4,000,000
- Price per Sq Ft (Avg/Median): $242 / $208
- Square Footage (Avg/Median): 1,608 / 1,614
- Square Footage Range: 510 – 3,882
- Days on Market (Avg/Median): 60 / 34
- Days on Market Range: 1 – 326
- New Listings: 11
- Total Listings: 151
Sales by Property Type
Apartment
Avg/Median Price$254,900 / $254,900Range$254,900 – $254,900Price per Sq Ft$500 / $500Sq Ft510 / 510DOM172 / 172New0Total1
Condo
Avg/Median Price$216,243 / $200,000Range$128,000 – $349,900Price per Sq Ft$258 / $174Sq Ft1,008 / 777DOM50 / 28New1Total14
Land
Avg/Median Price$1,205,500 / $750,000Range$265,000 – $4,000,000Price per Sq Ft—Sq Ft—DOM216 / 197New0Total8
Multi-Family
Avg/Median Price$1,350,000 / $525,000Range$525,000 – $3,000,000Price per Sq Ft$688 / $311Sq Ft1,957 / 1,980DOM158 / 215New0Total3
Single Family
Avg/Median Price$414,827 / $399,900Range$205,900 – $1,150,000Price per Sq Ft$238 / $225Sq Ft1,840 / 1,901DOM39 / 22New8Total81
Townhouse
Avg/Median Price$269,271 / $257,800Range$149,900 – $599,000Price per Sq Ft$210 / $189Sq Ft1,374 / 1,326DOM76 / 51New2Total44
Sales by Bedroom Count
1 Beds
Avg:$218,745Median:$252,900Range:$128,000 – $257,900PSF:$380 / $411Sq Ft:614 / 620DOM:80 / 73New:0Total:11
2 Beds
Avg:$264,289Median:$249,999Range:$149,900 – $599,000PSF:$223 / $203Sq Ft:1,220 / 1,216DOM:77 / 46New:3Total:33
3 Beds
Avg:$348,357Median:$350,000Range:$189,900 – $550,000PSF:$222 / $208Sq Ft:1,632 / 1,656DOM:39 / 20New:7Total:59
4 Beds
Avg:$554,030Median:$425,000Range:$319,999 – $3,000,000PSF:$274 / $225Sq Ft:2,062 / 2,008DOM:57 / 36New:0Total:30
5 Beds
Avg:$438,833Median:$415,000Range:$389,900 – $554,900PSF:$183 / $180Sq Ft:2,438 / 2,300DOM:39 / 25New:1Total:9
7 Beds
Avg:$530,000Median:$530,000Range:$530,000 – $530,000PSF:$182 / $182Sq Ft:2,911 / 2,911DOM:101 / 101New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $218,745 | $252,900 | $128,000 – $257,900 | $380 / $411 | 614 / 620 | 80 / 73 | 0 | 11 |
| 2 Beds | $264,289 | $249,999 | $149,900 – $599,000 | $223 / $203 | 1,220 / 1,216 | 77 / 46 | 3 | 33 |
| 3 Beds | $348,357 | $350,000 | $189,900 – $550,000 | $222 / $208 | 1,632 / 1,656 | 39 / 20 | 7 | 59 |
| 4 Beds | $554,030 | $425,000 | $319,999 – $3,000,000 | $274 / $225 | 2,062 / 2,008 | 57 / 36 | 0 | 30 |
| 5 Beds | $438,833 | $415,000 | $389,900 – $554,900 | $183 / $180 | 2,438 / 2,300 | 39 / 25 | 1 | 9 |
| 7 Beds | $530,000 | $530,000 | $530,000 – $530,000 | $182 / $182 | 2,911 / 2,911 | 101 / 101 | 0 | 1 |
Rental Market Overview
Median Rent
$1,600
−3.0%
Median DOM
20
−13.0%
New Listings
22
Inventory
99
−1.0%
- Average Rent: $1,695
- Median Rent: $1,600
- Rent Range: $770 – $3,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,285 / 1,102
- Square Footage Range: 275 – 2,644
- Days on Market (Avg/Median): 63 / 20
- Days on Market Range: 1 – 359
- New Listings: 22
- Total Listings: 99
Rentals by Property Type
Apartment
$1,120
Median DOM: 138
Inventory: 27
MoM: −3.0%
Condo
$1,399
Median DOM: 25
Inventory: 5
MoM: −3.0%
Single Family
$2,320
Median DOM: 1
Inventory: 37
MoM: −3.0%
Townhouse
$1,695
Median DOM: 23
Inventory: 26
MoM: −3.0%
Apartment
Avg/Median Rent$1,093 / $1,120Range$770 – $1,400Rent per Sq Ft$2 / $2Sq Ft701 / 700DOM160 / 138New3Total27
Condo
Avg/Median Rent$1,434 / $1,399Range$975 – $1,895Rent per Sq Ft$2 / $1Sq Ft979 / 992DOM57 / 25New1Total5
Multi-Family
Avg/Median Rent$1,549 / $1,450Range$1,350 – $1,800Rent per Sq Ft$1 / $1Sq Ft1,102 / 1,095DOM100 / 39New0Total4
Single Family
Avg/Median Rent$2,212 / $2,320Range$1,195 – $3,500Rent per Sq Ft$1 / $1Sq Ft1,780 / 1,848DOM24 / 1New13Total37
Townhouse
Avg/Median Rent$1,656 / $1,695Range$1,050 – $2,200Rent per Sq Ft$1 / $1Sq Ft1,274 / 1,275DOM49 / 23New5Total26
Rentals by Bedroom Count
Studio
Avg:$928Median:$799Range:$770 – $1,400PSF:$2 / $2Sq Ft:427 / 450DOM:137 / 1New:2Total:5
1 Beds
Avg:$1,142Median:$1,120Range:$850 – $1,850PSF:$2 / $2Sq Ft:716 / 720DOM:174 / 156New:1Total:21
2 Beds
Avg:$1,522Median:$1,450Range:$1,050 – $2,200PSF:$1 / $1Sq Ft:1,131 / 1,058DOM:60 / 37New:8Total:38
3 Beds
Avg:$2,178Median:$2,195Range:$1,750 – $2,800PSF:$1 / $1Sq Ft:1,745 / 1,757DOM:21 / 7New:6Total:26
4 Beds
Avg:$2,699Median:$2,600Range:$2,480 – $3,500PSF:$1 / $1Sq Ft:2,345 / 2,297DOM:16 / 2New:3Total:7
5 Beds
Avg:$2,900Median:$2,890Range:$2,890 – $2,910PSF:$1 / $1Sq Ft:2,644 / 2,644DOM:1 / 1New:2Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $928 | $799 | $770 – $1,400 | $2 / $2 | 427 / 450 | 137 / 1 | 2 | 5 |
| 1 Beds | $1,142 | $1,120 | $850 – $1,850 | $2 / $2 | 716 / 720 | 174 / 156 | 1 | 21 |
| 2 Beds | $1,522 | $1,450 | $1,050 – $2,200 | $1 / $1 | 1,131 / 1,058 | 60 / 37 | 8 | 38 |
| 3 Beds | $2,178 | $2,195 | $1,750 – $2,800 | $1 / $1 | 1,745 / 1,757 | 21 / 7 | 6 | 26 |
| 4 Beds | $2,699 | $2,600 | $2,480 – $3,500 | $1 / $1 | 2,345 / 2,297 | 16 / 2 | 3 | 7 |
| 5 Beds | $2,900 | $2,890 | $2,890 – $2,910 | $1 / $1 | 2,644 / 2,644 | 1 / 1 | 2 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$344,900Median DOM:73New:24Total:165
Jan 2026
Median Price:$340,000Median DOM:74New:26Total:155
Feb 2026
Median Price:$335,000Median DOM:61New:29Total:147
Mar 2026
Median Price:$349,900Median DOM:42New:37Total:133
Apr 2026
Median Price:$362,600Median DOM:35New:41Total:152
May 2026
Median Price:$350,000Median DOM:34New:11Total:151
6-Month Rental Trend
Dec 2025
Median Rent:$1,590Median DOM:30New:30Total:90
Jan 2026
Median Rent:$1,599Median DOM:45New:22Total:90
Feb 2026
Median Rent:$1,650Median DOM:34New:27Total:95
Mar 2026
Median Rent:$1,650Median DOM:22New:35Total:95
Apr 2026
Median Rent:$1,650Median DOM:23New:28Total:100
May 2026
Median Rent:$1,600Median DOM:20New:22Total:99
Key Market Takeaways
Median sale prices softened 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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