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Nashville-Davidson metropolitan government (balance), TN

ZIP 37209 — 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 37209

Median Home Value
$495,500
Median Rent
$1,454
Affordability Snapshot
$136,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,183/mo PITI).

23%
Rent-to-Income Ratio

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

6.5x
Home Price-to-Income Ratio

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

28.4 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 37209 in Nashville-Davidson metropolitan government (balance), TN, a household would need roughly $136,000 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 $3,183. That is about 79% above the local median household income ($75,810), 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
44.8%-32% vs US avg
x
Vacancy Rate
8.8%-15% vs US avg
x
Broadband Access
93.8%+8% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
3.6%-72% vs US avg
x
Built Post-2014
6.8%-2% vs US avg
x
Rent Burden >30%
24.9%-50% vs US avg
x
Mortgage-Free
26.5%-31% vs US avg
x
$495,500
Home Value
$1,454
Rent
1995
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached44.7%
  • 1-unit attached11.5%
  • 2-9 units14.4%
  • 10+ units28.8%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$495,500
Median rent$1,454
Owner-occupied44.8%
Vacant8.8%
Price-to-income6.5x
Est. income to buy$136,000