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Nashville-Davidson metropolitan government (balance), TN

ZIP 37203 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37203

Median Home Value
$519,600
Median Rent
$1,763
Affordability Snapshot
$143,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,338/mo PITI).

30%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

7.5x
Home Price-to-Income Ratio

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

24.6 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 37203 in Nashville-Davidson metropolitan government (balance), TN, a household would need roughly $143,000 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 $3,338. That is about 105% above the local median household income ($69,671), 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

Vacancy rate 20% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
19.3%-70% vs US avg
x
Vacancy Rate
19.6%+90% vs US avg
x
Broadband Access
92.2%+6% vs US avg
x
4+ Bedrooms
0.9%-94% vs US avg
x
Built Pre-1939
0.2%-98% vs US avg
x
Built Post-2014
8.4%+21% vs US avg
x
Rent Burden >30%
29.5%-41% vs US avg
x
Mortgage-Free
29.0%-24% vs US avg
x
$519,600
Home Value
$1,763
Rent
2012
Year Built
2020
Moved In

Residents have lived here since ~2020 on average

Housing Structure

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

  • 1-unit detached7.7%
  • 1-unit attached6.4%
  • 2-9 units7.5%
  • 10+ units77.9%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$519,600
Median rent$1,763
Owner-occupied19.3%
Vacant19.6%
Price-to-income7.5x
Est. income to buy$143,000