The story of this market
The typical home in ZIP 37206 sells for about $642,059, or $339 per square foot.
Prices are down 6.1% from a year ago, which gives buyers more room to negotiate. Homes take about 50 days to sell. HUD's fair market rent for a two-bedroom is $1,658 a month.
ZIP 37206 — Nashville
The 37206 housing market is currently balanced, with a median sale price of $642,059 reflecting a 6.1% year-over-year decline. While inventory remains tight, the market has shifted away from the aggressive seller conditions of previous years, providing more stability for buyers. High demand for historic properties and proximity to downtown continues to support values despite broader market cooling.
This ZIP is ideal for young professionals, families, and investors who value historic charm, walkability to urban amenities, and a short commute to the Nashville employment core.
Median prices moved down 6.1% year over year.
Homes spend a median of 50 days on market with 2.5 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.5% · poverty 13.8% — a stable, low-distress profile.
Built from 220 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 8.2%/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 9.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 37206, 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 37206 remain a point of concern, with property crime levels higher than the national average, though violent crime trends have shown stabilization in recent years compared to broader Nashville metrics.
Schools in the area are part of Metro Nashville Public Schools, with performance varying significantly by specific school; some local elementary schools are highly regarded for their community involvement and academic growth.
The area faces moderate risk from severe weather, including wind and occasional localized flooding in low-lying areas near the Cumberland River, necessitating standard flood insurance coverage for many properties.
Economic momentum is driven by proximity to downtown Nashville and the ongoing revitalization of East Nashville, with significant investment in mixed-use developments and local commercial corridors.
Property taxes are assessed by Davidson County based on a state-mandated appraisal cycle, with rates reflecting the consolidated city-county government structure of Nashville-Davidson County.
Residents enjoy a short commute to downtown Nashville, typically under 15 minutes by car, with access to major thoroughfares like Ellington Parkway and I-65.
The area features extensive access to Shelby Bottoms Greenway and Nature Park, numerous local parks, and a vibrant dining and shopping scene centered around Five Points and Riverside Village.
The rental market is highly competitive with a mix of historic single-family rentals and new multi-family developments, maintaining high occupancy rates despite recent supply increases.
The local economy is anchored by Nashville's diverse sectors including healthcare, music, tourism, and technology, with significant spillover growth into East Nashville.
The area is served by WeGo Public Transit bus routes and benefits from proximity to major highway corridors connecting to the broader Nashville metro area.
Significant development is focused on the East Bank and infill projects along Gallatin Avenue, emphasizing high-density residential and commercial growth.
The Davidson County Assessor of Property manages assessments, with properties typically reappraised every four years to reflect market value.
Parcels are subject to Metro Nashville-Davidson County taxes, with no additional MUD/PID districts commonly found in this urban core.
Property insurance premiums are rising due to regional severe weather risks, though the area remains well-served by major national carriers.
Data retrieved from data.census.gov ZCTA 37206 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 Waterpark4.37 mi
- Aquarium Restaurant4.42.5 mi
- Dave & Buster's Nashville4.22.5 mi
- K1 Speed Nashville4.52.5 mi
- Sky Zone Trampoline Park4.315.1 mi
- Grand Ole Opry4.82.6 mi
- Bridgestone Arena4.73.3 mi
- Nissan Stadium4.52.7 mi
- Ryman Auditorium4.83.2 mi
- Music City Center4.73.3 mi
- Grand Ole Opry4.82.6 mi
- Country Music Hall of Fame and Museum4.63.2 mi
- Nashville Zoo at Grassmere4.56.4 mi
- The Parthenon4.65.3 mi
- Ryman Auditorium4.83.2 mi
- Grand Ole Opry4.82.6 mi
- Country Music Hall of Fame and Museum4.63.2 mi
- The Parthenon4.65.3 mi
- Ryman Auditorium4.83.2 mi
- The Factory at Franklin4.618.7 mi
- Centennial Park4.75.3 mi
- Cheekwood4.710.5 mi
- Radnor Lake State Park4.79.3 mi
- Bicentennial Capitol Mall State Park4.73.5 mi
- Shelby Park4.70.8 mi
- Four Corners Resort and Marina4.312.6 mi
- Cedar Creek Marina4.413.6 mi
- Fate Sanders Marina4.316.1 mi
- Hamilton Creek Sailboat Marina4.67.4 mi
- Sun Life Marinas - Blue Turtle Bay Marina4.76.9 mi
- Topgolf Nashville4.42.9 mi
- Hermitage Golf Course4.46.2 mi
- McCabe Golf Course4.27 mi
- Gaylord Springs Golf Links4.23.8 mi
- Two Rivers Golf Course4.42.5 mi
- Opry Mills4.52.5 mi
- The Mall at Green Hills4.47.1 mi
- Tanger Outlets Nashville4.511.2 mi
- Nashville Farmers' Market4.53.5 mi
- One Hundred Oaks4.45.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive nature trails and river access.
Historic commercial district with local restaurants and bars.
Community park with sports facilities and event space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.