The story of this market
The typical home in ZIP 37203 sells for about $700,000, or $450 per square foot.
Prices are down 3.5% from a year ago, which gives buyers more room to negotiate. Homes take about 90 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,004 a month.
ZIP 37203 — Nashville
The 37203 housing market is currently characterized by high demand for urban living, with a median listing price of $700K. While the market has seen a slight year-over-year price adjustment, sustained interest in the downtown and midtown areas keeps inventory moving. The market is currently favoring buyers slightly, with homes selling at 98% of the asking price.
This ZIP is ideal for young professionals, urban commuters, and investors seeking proximity to Nashville's employment and entertainment hubs, though it is less suited for families seeking traditional suburban housing.
Median prices moved down 3.5% year over year.
Homes spend a median of 90 days on market with 6.7 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 21.7% — a stable, low-distress profile.
Built from 401 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 37203, Davidson County TN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the 37203 area are higher than the national average, reflecting its dense urban core location in downtown Nashville. Reported trends indicate a focus on property-related offenses common in high-traffic metropolitan districts.
Public schools serving this ZIP are part of the Metro Nashville Public Schools district, with performance ratings varying significantly across individual campuses.
The area is primarily an urban environment with standard metropolitan insurance requirements; flood risk is localized to specific low-lying areas near the Cumberland River.
The area is a major hub for Nashville's economic growth, featuring significant corporate presence, healthcare industry anchors, and ongoing high-density mixed-use development.
Property taxes are assessed by Davidson County based on the appraised value of real property; the area is subject to the consolidated Nashville-Davidson metropolitan government tax structure.
Located in the heart of Nashville, this ZIP offers high accessibility to the central business district via major corridors like I-40 and I-65, with significant walkability and transit options.
The area features proximity to major urban amenities including Centennial Park, the Parthenon, and the vibrant dining and entertainment districts of the Gulch and Midtown.
The rental market is highly active with significant inventory of luxury apartments and short-term rental units, reflecting the area's popularity with young professionals and tourists.
The economy is anchored by the healthcare, music, and hospitality industries, with major employers including Vanderbilt University Medical Center and various corporate headquarters in the downtown core.
The area is served by major interstate highways and a developing transit network, though it remains heavily reliant on private vehicle commuting.
Development is focused on high-density urban infill and the expansion of the Nashville Yards project, which is reshaping the western edge of the downtown core.
The Davidson County Assessor of Property manages assessments, with reappraisals occurring on a multi-year cycle to reflect market value changes.
Parcels are subject to Metro Nashville-Davidson County general services district taxes and various utility service districts.
Property insurance premiums are influenced by urban density and regional weather patterns, with standard coverage available for residential properties.
Data retrieved from data.census.gov ZCTA 37203 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Nashville Shores Waterpark4.310.3 mi
- Aquarium Restaurant4.46.5 mi
- Dave & Buster's Nashville4.26.5 mi
- K1 Speed Nashville4.51.6 mi
- Sky Zone Trampoline Park4.312.5 mi
- Grand Ole Opry4.86.6 mi
- Bridgestone Arena4.70.8 mi
- Nissan Stadium4.51.4 mi
- Ryman Auditorium4.80.9 mi
- Music City Center4.70.7 mi
- Grand Ole Opry4.86.6 mi
- Country Music Hall of Fame and Museum4.60.8 mi
- Nashville Zoo at Grassmere4.55.1 mi
- The Parthenon4.61.3 mi
- Ryman Auditorium4.80.9 mi
- Grand Ole Opry4.86.6 mi
- Country Music Hall of Fame and Museum4.60.8 mi
- The Parthenon4.61.3 mi
- Ryman Auditorium4.80.9 mi
- The Factory at Franklin4.615.7 mi
- Centennial Park4.71.3 mi
- Cheekwood4.76.5 mi
- Radnor Lake State Park4.76.3 mi
- Bicentennial Capitol Mall State Park4.71.3 mi
- Warner Parks4.89.5 mi
- Four Corners Resort and Marina4.314.3 mi
- Cedar Creek Marina4.417.6 mi
- Fate Sanders Marina4.318.2 mi
- Hamilton Creek Sailboat Marina4.69.6 mi
- Sun Life Marinas - Blue Turtle Bay Marina4.710.8 mi
- Topgolf Nashville4.41.9 mi
- Hermitage Golf Course4.410.2 mi
- McCabe Golf Course4.23.1 mi
- Gaylord Springs Golf Links4.27.7 mi
- Two Rivers Golf Course4.46.4 mi
- Opry Mills4.56.5 mi
- The Mall at Green Hills4.43.4 mi
- Tanger Outlets Nashville4.511.5 mi
- Nashville Farmers' Market4.51.3 mi
- One Hundred Oaks4.43.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Home to the Parthenon and extensive walking trails.
Upscale urban district with high-end retail and dining.
Dense concentration of nightlife and restaurants.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).