Downtown, Nashville, TN—37201
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown, Nashville, TN
As of Oct '25, the median home price in Downtown, Nashville, TN is $556,000, with a year-over-year change of -2.1%. This indicates that home prices in Downtown, Nashville, TN are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $556,000 | -2.1% |
| Single Family | N/A | N/A |
| Condos | $556,000 | -1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $426,000 | -4.3% |
2 Bed | $800,000 | -2.1% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown, Nashville, TN
As of July '25, Rentcast reports the average rent in Downtown, Nashville, TN is $3,060, with a year-over-year rent change of -7.0%. Per bedroom, the median rent as of July '25 in Downtown, Nashville, TN is studios: $1,460, 1-bedrooms: $3,310, 2-bedrooms: $2,930. The most common rental property sizes in Downtown, Nashville, TN are 1-bedroom and studio, accounting for 69.3% and 17.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $3,060 |
| Studio Rent | $1,460 | $1,460 |
| 1 Bed Rent | $2,300 | $3,310 |
| 2 Bed Rent | $2,950 | $2,930 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown, Nashville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown, Nashville, TN is 108. This is a increase of 54.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $595,000 | -13.0% |
Listing Count | 60 | 99.0% |
| Listings as % of Homes | 0.7% | 99.0% |
Days on Market | 108 | 54.0% |
Demographics — Downtown, Nashville, TN
As of the latest ACS Survey released in 2023, Downtown, Nashville, TN has a population of 1,430, which has increased by 3.9% over the past 5 years. Downtown, Nashville, TN is a less popular place for families, as children make up 9.6% of the population. The area has a highly educated workforce, with 72.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,430 | 3.9% |
% Under 18 | 9.6% | 540.0% |
% Seniors | 5.8% | 152.2% |
% WFH | 24.6% | 77.0% |
% w/ College Degree | 72.9% | 79.1% |
As of the latest ACS Survey released in 2023, Downtown, Nashville, TN is a predominantly white area, with 66.0% of the population identifying as white. The white population has grown by 26.4% in the last 5 years. The second most common race or ethnicity in Downtown, Nashville, TN is black, making up 9.5% of the population. Foreign-born residents account for 10.0% of the population in Downtown, Nashville, TN, and this percentage has increased by 72.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.0% | 26.4% |
% Black | 9.5% | -72.3% |
% Hispanic | 2.2% | -80.0% |
% Asian | 7.4% | 957.1% |
% Foreign Born | 10.0% | 72.4% |
Mortgage and Risk — Downtown, Nashville, TN
According to HUD data as of 2023, there were 53 mortgage originations in Downtown, Nashville, TN, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Downtown, Nashville, TN. Investor activity is low, as 8.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 53 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 8.0% |
% Second Loans | 28.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Downtown, Nashville, TN
Downtown, Nashville, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $2,300 | $2,350 |
| 2 Bedroom | -$350 | $2,950 | $2,600 |
| 3 Bedroom | N/A | N/A | $3,280 |
| 4 Bedroom | N/A | N/A | $4,040 |
Affordability — Downtown, Nashville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $556,000 |
| Median Household Income | $88,400 |