ZIP 37221 Housing Market Report
Nashville Metro
Report period: May 2026
37221 Monthly Market Update – May 2026
ZIP 37221 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$500,000
−1.8%
Median DOM (Sales)
33
−2.9%
New Listings (Sales)
41
−67.2%
Median Rent
$2,095
−0.2%
Median DOM (Rental)
21
+16.7%
Total Rental Listings
100
−2.0%
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: Manufactured (7 DOM)
- Fastest renting: Single Family (8 DOM)
- Strongest bedroom: 6 Beds ($2,499,000 median)
Sales Market Overview
Median Price
$500,000
−1.8%
Median DOM
33
−2.9%
New Listings
41
−67.2%
Inventory
415
+5.9%
- Average Price: $710,010
- Median Price: $500,000
- Price Range: $135,000 – $6,000,000
- Price per Sq Ft (Avg/Median): $280 / $256
- Square Footage (Avg/Median): 2,344 / 1,979
- Square Footage Range: 675 – 10,075
- Days on Market (Avg/Median): 55 / 33
- Days on Market Range: 2 – 355
- New Listings: 41
- Total Listings: 415
Sales by Property Type
Apartment
Avg/Median Price$178,450 / $177,000Range$177,000 – $179,900Price per Sq Ft$248 / $246Sq Ft720 / 720DOM198 / 130New0Total2
Condo
Avg/Median Price$341,585 / $309,900Range$179,000 – $729,300Price per Sq Ft$259 / $242Sq Ft1,303 / 1,147DOM74 / 48New4Total46
Land
Avg/Median Price$910,286 / $550,000Range$135,000 – $6,000,000Price per Sq Ft—Sq Ft—DOM137 / 124New0Total28
Manufactured
Avg/Median Price$259,500 / $259,500Range$259,500 – $259,500Price per Sq Ft$371 / $371Sq Ft700 / 700DOM7 / 7New0Total1
Multi-Family
Avg/Median Price$424,500 / $400,000Range$400,000 – $449,000Price per Sq Ft$226 / $205Sq Ft1,908 / 1,625DOM13 / 9New0Total2
Single Family
Avg/Median Price$887,428 / $650,000Range$164,900 – $4,999,999Price per Sq Ft$298 / $268Sq Ft2,841 / 2,729DOM46 / 27New27Total244
Townhouse
Avg/Median Price$385,385 / $399,000Range$169,900 – $557,900Price per Sq Ft$243 / $235Sq Ft1,611 / 1,586DOM44 / 30New10Total92
Sales by Bedroom Count
1 Beds
Avg:$262,511Median:$179,999Range:$164,900 – $899,900PSF:$292 / $250Sq Ft:808 / 720DOM:88 / 55New:0Total:9
2 Beds
Avg:$364,441Median:$319,900Range:$175,000 – $2,295,000PSF:$267 / $250Sq Ft:1,327 / 1,216DOM:57 / 46New:5Total:81
3 Beds
Avg:$505,290Median:$479,000Range:$267,500 – $1,075,000PSF:$261 / $253Sq Ft:1,958 / 1,818DOM:36 / 20New:21Total:163
4 Beds
Avg:$944,577Median:$749,900Range:$374,900 – $3,099,000PSF:$292 / $255Sq Ft:3,124 / 3,161DOM:60 / 36New:11Total:103
5 Beds
Avg:$1,695,601Median:$1,492,000Range:$649,000 – $4,750,000PSF:$351 / $342Sq Ft:4,663 / 4,364DOM:52 / 35New:4Total:27
6 Beds
Avg:$3,182,999Median:$2,499,000Range:$2,049,999 – $4,999,999PSF:$491 / $426Sq Ft:6,359 / 7,061DOM:74 / 86New:0Total:3
7 Beds
Avg:$2,300,000Median:$2,300,000Range:$2,300,000 – $2,300,000PSF:$348 / $348Sq Ft:6,603 / 6,603DOM:110 / 110New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $262,511 | $179,999 | $164,900 – $899,900 | $292 / $250 | 808 / 720 | 88 / 55 | 0 | 9 |
| 2 Beds | $364,441 | $319,900 | $175,000 – $2,295,000 | $267 / $250 | 1,327 / 1,216 | 57 / 46 | 5 | 81 |
| 3 Beds | $505,290 | $479,000 | $267,500 – $1,075,000 | $261 / $253 | 1,958 / 1,818 | 36 / 20 | 21 | 163 |
| 4 Beds | $944,577 | $749,900 | $374,900 – $3,099,000 | $292 / $255 | 3,124 / 3,161 | 60 / 36 | 11 | 103 |
| 5 Beds | $1,695,601 | $1,492,000 | $649,000 – $4,750,000 | $351 / $342 | 4,663 / 4,364 | 52 / 35 | 4 | 27 |
| 6 Beds | $3,182,999 | $2,499,000 | $2,049,999 – $4,999,999 | $491 / $426 | 6,359 / 7,061 | 74 / 86 | 0 | 3 |
| 7 Beds | $2,300,000 | $2,300,000 | $2,300,000 – $2,300,000 | $348 / $348 | 6,603 / 6,603 | 110 / 110 | 0 | 1 |
Rental Market Overview
Median Rent
$2,095
−0.2%
Median DOM
21
+16.7%
New Listings
23
Inventory
100
−2.0%
- Average Rent: $2,434
- Median Rent: $2,095
- Rent Range: $750 – $10,000
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,674 / 1,493
- Square Footage Range: 500 – 4,811
- Days on Market (Avg/Median): 39 / 21
- Days on Market Range: 1 – 271
- New Listings: 23
- Total Listings: 100
Rentals by Property Type
Apartment
$1,339
Median DOM: 152
Inventory: 13
MoM: −0.2%
Condo
$1,650
Median DOM: 25
Inventory: 19
MoM: −0.2%
Single Family
$2,800
Median DOM: 8
Inventory: 44
MoM: −0.2%
Townhouse
$2,000
Median DOM: 30
Inventory: 20
MoM: −0.2%
Apartment
Avg/Median Rent$1,373 / $1,339Range$1,220 – $1,516Rent per Sq Ft$2 / $2Sq Ft844 / 761DOM140 / 152New0Total13
Condo
Avg/Median Rent$1,803 / $1,650Range$1,375 – $2,800Rent per Sq Ft$1 / $1Sq Ft1,247 / 1,122DOM40 / 25New3Total19
Multi-Family
Avg/Median Rent$1,824 / $1,800Range$1,495 – $2,100Rent per Sq Ft$2 / $2Sq Ft870 / 800DOM38 / 33New0Total4
Single Family
Avg/Median Rent$3,190 / $2,800Range$750 – $10,000Rent per Sq Ft$1 / $1Sq Ft2,199 / 2,122DOM24 / 8New17Total44
Townhouse
Avg/Median Rent$2,179 / $2,000Range$1,650 – $3,200Rent per Sq Ft$1 / $1Sq Ft1,628 / 1,660DOM47 / 30New3Total20
Rentals by Bedroom Count
Studio
Avg:$1,516Median:$1,516Range:$1,516 – $1,516PSF:$3 / $3Sq Ft:563 / 563DOM:—New:0Total:1
1 Beds
Avg:$1,326Median:$1,299Range:$750 – $1,800PSF:$2 / $2Sq Ft:715 / 720DOM:74 / 23New:2Total:13
2 Beds
Avg:$1,813Median:$1,600Range:$1,400 – $2,900PSF:$2 / $1Sq Ft:1,237 / 1,130DOM:41 / 24New:7Total:30
3 Beds
Avg:$2,323Median:$2,300Range:$1,600 – $3,500PSF:$1 / $1Sq Ft:1,736 / 1,705DOM:26 / 7New:11Total:34
4 Beds
Avg:$4,002Median:$3,100Range:$2,500 – $10,000PSF:$1 / $1Sq Ft:2,610 / 2,384DOM:50 / 31New:3Total:18
5 Beds
Avg:$3,600Median:$3,200Range:$3,200 – $4,000PSF:$1 / $1Sq Ft:3,386 / 2,515DOM:26 / 21New:0Total:2
6 Beds
Avg:$6,000Median:$2,000Range:$2,000 – $10,000PSF:$2 / $1Sq Ft:3,360 / 1,910DOM:30 / 19New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,516 | $1,516 | $1,516 – $1,516 | $3 / $3 | 563 / 563 | — | 0 | 1 |
| 1 Beds | $1,326 | $1,299 | $750 – $1,800 | $2 / $2 | 715 / 720 | 74 / 23 | 2 | 13 |
| 2 Beds | $1,813 | $1,600 | $1,400 – $2,900 | $2 / $1 | 1,237 / 1,130 | 41 / 24 | 7 | 30 |
| 3 Beds | $2,323 | $2,300 | $1,600 – $3,500 | $1 / $1 | 1,736 / 1,705 | 26 / 7 | 11 | 34 |
| 4 Beds | $4,002 | $3,100 | $2,500 – $10,000 | $1 / $1 | 2,610 / 2,384 | 50 / 31 | 3 | 18 |
| 5 Beds | $3,600 | $3,200 | $3,200 – $4,000 | $1 / $1 | 3,386 / 2,515 | 26 / 21 | 0 | 2 |
| 6 Beds | $6,000 | $2,000 | $2,000 – $10,000 | $2 / $1 | 3,360 / 1,910 | 30 / 19 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$535,000Median DOM:68New:52Total:399
Jan 2026
Median Price:$549,900Median DOM:72New:78Total:381
Feb 2026
Median Price:$549,900Median DOM:60New:68Total:366
Mar 2026
Median Price:$524,000Median DOM:32New:122Total:332
Apr 2026
Median Price:$509,000Median DOM:34New:125Total:392
May 2026
Median Price:$500,000Median DOM:33New:41Total:415
6-Month Rental Trend
Dec 2025
Median Rent:$1,975Median DOM:20New:34Total:89
Jan 2026
Median Rent:$1,990Median DOM:17New:40Total:98
Feb 2026
Median Rent:$1,999Median DOM:23New:25Total:104
Mar 2026
Median Rent:$2,150Median DOM:21New:37Total:96
Apr 2026
Median Rent:$2,100Median DOM:18New:42Total:102
May 2026
Median Rent:$2,095Median DOM:21New:23Total:100
Key Market Takeaways
Median sale prices softened this month while inventory expanded. 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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