ZIP 37218 Housing Market Report
Nashville Metro
Report period: May 2026
37218 Monthly Market Update – May 2026
ZIP 37218 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$475,000
+3.3%
Median DOM (Sales)
43
+2.4%
New Listings (Sales)
22
−62.7%
Median Rent
$2,195
−2.4%
Median DOM (Rental)
27
−6.9%
Total Rental Listings
54
−10.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (25 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 8 Beds ($2,398,000 median)
Sales Market Overview
Median Price
$475,000
+3.3%
Median DOM
43
+2.4%
New Listings
22
−62.7%
Inventory
225
+2.7%
- Average Price: $612,998
- Median Price: $475,000
- Price Range: $75,000 – $4,000,000
- Price per Sq Ft (Avg/Median): $302 / $281
- Square Footage (Avg/Median): 1,923 / 1,824
- Square Footage Range: 864 – 6,624
- Days on Market (Avg/Median): 69 / 43
- Days on Market Range: 1 – 364
- New Listings: 22
- Total Listings: 225
Sales by Property Type
Land
Avg/Median Price$773,505 / $349,000Range$75,000 – $4,000,000Price per Sq Ft—Sq Ft—DOM109 / 95New1Total40
Multi-Family
Avg/Median Price$761,223 / $419,990Range$260,000 – $2,750,000Price per Sq Ft$293 / $238Sq Ft2,405 / 1,765DOM33 / 25New6Total17
Single Family
Avg/Median Price$509,979 / $449,900Range$235,000 – $1,950,000Price per Sq Ft$280 / $266Sq Ft1,872 / 1,824DOM56 / 38New14Total113
Townhouse
Avg/Median Price$662,106 / $650,000Range$359,900 – $1,363,000Price per Sq Ft$349 / $362Sq Ft1,878 / 1,842DOM85 / 40New1Total55
Sales by Bedroom Count
1 Beds
Avg:$249,900Median:$249,900Range:$249,900 – $249,900PSF:$289 / $289Sq Ft:864 / 864DOM:76 / 76New:0Total:1
2 Beds
Avg:$565,587Median:$489,990Range:$339,000 – $1,950,000PSF:$365 / $316Sq Ft:1,536 / 1,581DOM:71 / 33New:3Total:24
3 Beds
Avg:$537,186Median:$449,900Range:$235,000 – $2,750,000PSF:$304 / $279Sq Ft:1,762 / 1,800DOM:55 / 33New:13Total:110
4 Beds
Avg:$643,087Median:$599,000Range:$239,900 – $1,675,000PSF:$270 / $261Sq Ft:2,341 / 2,227DOM:65 / 51New:5Total:45
5 Beds
Avg:$594,300Median:$559,000Range:$374,900 – $849,000PSF:$201 / $201Sq Ft:2,918 / 2,779DOM:65 / 63New:0Total:3
6 Beds
Avg:$950,000Median:$950,000Range:$950,000 – $950,000PSF:$274 / $274Sq Ft:3,472 / 3,472DOM:26 / 26New:0Total:1
8 Beds
Avg:$2,398,000Median:$2,398,000Range:$2,398,000 – $2,398,000PSF:$362 / $362Sq Ft:6,624 / 6,624DOM:32 / 32New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $249,900 | $249,900 | $249,900 – $249,900 | $289 / $289 | 864 / 864 | 76 / 76 | 0 | 1 |
| 2 Beds | $565,587 | $489,990 | $339,000 – $1,950,000 | $365 / $316 | 1,536 / 1,581 | 71 / 33 | 3 | 24 |
| 3 Beds | $537,186 | $449,900 | $235,000 – $2,750,000 | $304 / $279 | 1,762 / 1,800 | 55 / 33 | 13 | 110 |
| 4 Beds | $643,087 | $599,000 | $239,900 – $1,675,000 | $270 / $261 | 2,341 / 2,227 | 65 / 51 | 5 | 45 |
| 5 Beds | $594,300 | $559,000 | $374,900 – $849,000 | $201 / $201 | 2,918 / 2,779 | 65 / 63 | 0 | 3 |
| 6 Beds | $950,000 | $950,000 | $950,000 – $950,000 | $274 / $274 | 3,472 / 3,472 | 26 / 26 | 0 | 1 |
| 8 Beds | $2,398,000 | $2,398,000 | $2,398,000 – $2,398,000 | $362 / $362 | 6,624 / 6,624 | 32 / 32 | 0 | 1 |
Rental Market Overview
Median Rent
$2,195
−2.4%
Median DOM
27
−6.9%
New Listings
14
Inventory
54
−10.0%
- Average Rent: $2,262
- Median Rent: $2,195
- Rent Range: $775 – $6,643
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,614 / 1,516
- Square Footage Range: 420 – 3,634
- Days on Market (Avg/Median): 52 / 27
- Days on Market Range: 1 – 278
- New Listings: 14
- Total Listings: 54
Rentals by Property Type
Apartment
$1,600
Median DOM: 86
Inventory: 5
MoM: −2.4%
Condo
$999
Median DOM: 1
Inventory: 1
MoM: −2.4%
Single Family
$2,315
Median DOM: 14
Inventory: 36
MoM: −2.4%
Townhouse
$2,500
Median DOM: 70
Inventory: 9
MoM: −2.4%
Apartment
Avg/Median Rent$2,313 / $1,600Range$825 – $6,643Rent per Sq Ft$2 / $2Sq Ft1,022 / 730DOM89 / 86New0Total5
Condo
Avg/Median Rent$999 / $999Range$999 – $999Rent per Sq Ft$1 / $1Sq Ft672 / 672DOM1 / 1New1Total1
Multi-Family
Avg/Median Rent$1,783 / $1,850Range$1,600 – $1,900Rent per Sq Ft$2 / $2Sq Ft768 / 750DOM40 / 36New1Total3
Single Family
Avg/Median Rent$2,258 / $2,315Range$775 – $4,800Rent per Sq Ft$1 / $1Sq Ft1,781 / 1,534DOM46 / 14New11Total36
Townhouse
Avg/Median Rent$2,552 / $2,500Range$1,950 – $3,475Rent per Sq Ft$2 / $2Sq Ft1,652 / 1,575DOM63 / 70New1Total9
Rentals by Bedroom Count
1 Beds
Avg:$909Median:$895Range:$775 – $1,050PSF:$2 / $1Sq Ft:546 / 420DOM:68 / 22New:1Total:5
2 Beds
Avg:$1,541Median:$1,600Range:$1,199 – $1,900PSF:$2 / $2Sq Ft:752 / 730DOM:59 / 29New:3Total:9
3 Beds
Avg:$2,323Median:$2,400Range:$1,600 – $2,750PSF:$1 / $1Sq Ft:1,679 / 1,575DOM:48 / 27New:8Total:27
4 Beds
Avg:$3,174Median:$2,800Range:$1,686 – $6,643PSF:$1 / $1Sq Ft:2,226 / 2,206DOM:48 / 12New:2Total:12
5 Beds
Avg:$2,950Median:$2,950Range:$2,950 – $2,950PSF:$2 / $2Sq Ft:1,534 / 1,534DOM:52 / 52New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $909 | $895 | $775 – $1,050 | $2 / $1 | 546 / 420 | 68 / 22 | 1 | 5 |
| 2 Beds | $1,541 | $1,600 | $1,199 – $1,900 | $2 / $2 | 752 / 730 | 59 / 29 | 3 | 9 |
| 3 Beds | $2,323 | $2,400 | $1,600 – $2,750 | $1 / $1 | 1,679 / 1,575 | 48 / 27 | 8 | 27 |
| 4 Beds | $3,174 | $2,800 | $1,686 – $6,643 | $1 / $1 | 2,226 / 2,206 | 48 / 12 | 2 | 12 |
| 5 Beds | $2,950 | $2,950 | $2,950 – $2,950 | $2 / $2 | 1,534 / 1,534 | 52 / 52 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$499,000Median DOM:69New:39Total:227
Jan 2026
Median Price:$460,600Median DOM:51New:54Total:234
Feb 2026
Median Price:$459,900Median DOM:44New:51Total:244
Mar 2026
Median Price:$464,990Median DOM:39New:57Total:209
Apr 2026
Median Price:$459,900Median DOM:42New:59Total:219
May 2026
Median Price:$475,000Median DOM:43New:22Total:225
6-Month Rental Trend
Dec 2025
Median Rent:$2,299Median DOM:30New:25Total:57
Jan 2026
Median Rent:$2,000Median DOM:30New:24Total:70
Feb 2026
Median Rent:$2,000Median DOM:32New:14Total:64
Mar 2026
Median Rent:$2,245Median DOM:28New:23Total:59
Apr 2026
Median Rent:$2,250Median DOM:29New:16Total:60
May 2026
Median Rent:$2,195Median DOM:27New:14Total:54
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower 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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