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Nashville-Davidson metropolitan government (balance), TN

ZIP 37207 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37207

Median Home Value
$332,500
Median Rent
$968
Affordability Snapshot
$92,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,136/mo PITI).

19%
Rent-to-Income Ratio

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

5.5x
Home Price-to-Income Ratio

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

28.6 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 37207 in Nashville-Davidson metropolitan government (balance), TN, a household would need roughly $92,000 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 $2,136. That is about 53% above the local median household income ($60,102), 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
56.3%-14% vs US avg
x
Vacancy Rate
7.4%-28% vs US avg
x
Broadband Access
87.5%+1% vs US avg
x
4+ Bedrooms
2.3%-85% vs US avg
x
Built Pre-1939
4.8%-63% vs US avg
x
Built Post-2014
7.7%+11% vs US avg
x
Rent Burden >30%
19.4%-61% vs US avg
x
Mortgage-Free
29.7%-22% vs US avg
x
$332,500
Home Value
$968
Rent
1976
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached64.0%
  • 1-unit attached8.0%
  • 2-9 units11.7%
  • 10+ units9.1%
  • Mobile home & other7.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$332,500
Median rent$968
Owner-occupied56.3%
Vacant7.4%
Price-to-income5.5x
Est. income to buy$92,000