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Nashville-Davidson metropolitan government (balance), TN

ZIP 37205 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37205

Median Home Value
$890,000
Median Rent
$1,725
Affordability Snapshot
$245,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,717/mo PITI).

16%
Rent-to-Income Ratio

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

6.7x
Home Price-to-Income Ratio

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

43.0 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 37205 in Nashville-Davidson metropolitan government (balance), TN, a household would need roughly $245,000 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 $5,717. That is about 84% above the local median household income ($133,068), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
69.1%+6% vs US avg
x
Vacancy Rate
7.3%-29% vs US avg
x
Broadband Access
91.5%+5% vs US avg
x
4+ Bedrooms
11.4%-23% vs US avg
x
Built Pre-1939
4.3%-66% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
26.7%-46% vs US avg
x
Mortgage-Free
43.6%+14% vs US avg
x
$890,000
Home Value
$1,725
Rent
1970
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached58.2%
  • 1-unit attached6.5%
  • 2-9 units9.1%
  • 10+ units25.8%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$890,000
Median rent$1,725
Owner-occupied69.1%
Vacant7.3%
Price-to-income6.7x
Est. income to buy$245,000