Median home value is about $279,400 — about 20% below the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $1,148 (about even with the U.S. median rent ($1,163)), and owner-occupancy near 44.9% (about 20.5 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 37217 in Nashville-Davidson metropolitan government (balance), TN, a household would need roughly $77,000 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 $1,795. That is about 25% above the local median household income ($61,529), 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.