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Nashville-Davidson metropolitan government (balance), TN

ZIP 37115 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37115

Median Home Value
$271,100
Median Rent
$1,079
Affordability Snapshot
$75,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,741/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

20.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 37115 in Nashville-Davidson metropolitan government (balance), TN, a household would need roughly $75,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,741. That is about 41% above the local median household income ($53,034), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
45.1%-31% vs US avg
x
Vacancy Rate
6.2%-40% vs US avg
x
Broadband Access
84.3%-3% vs US avg
x
4+ Bedrooms
1.7%-89% vs US avg
x
Built Pre-1939
5.7%-56% vs US avg
x
Built Post-2014
1.1%-85% vs US avg
x
Rent Burden >30%
25.7%-48% vs US avg
x
Mortgage-Free
32.3%-16% vs US avg
x
$271,100
Home Value
$1,079
Rent
1976
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached48.1%
  • 1-unit attached7.1%
  • 2-9 units16.7%
  • 10+ units25.4%
  • Mobile home & other2.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$271,100
Median rent$1,079
Owner-occupied45.1%
Vacant6.2%
Price-to-income5.1x
Est. income to buy$75,000