Midtown, Nashville, TN—37203
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midtown, Nashville, TN
As of Oct '25, the median home price in Midtown, Nashville, TN is $644,000, with a year-over-year change of -1.6%. This indicates that home prices in Midtown, Nashville, TN are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $644,000 | -1.6% |
| Single Family | $750,000 | -2.0% |
| Condos | $556,000 | -2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $417,000 | -3.0% |
2 Bed | $582,000 | -1.9% |
3 Bed | $783,000 | -0.1% |
4 Bed | $993,000 | -0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Midtown, Nashville, TN
As of July '25, Rentcast reports the average rent in Midtown, Nashville, TN is $3,030, with a year-over-year rent change of -16.3%. Per bedroom, the median rent as of July '25 in Midtown, Nashville, TN is studios: $1,680, 1-bedrooms: $2,160, 2-bedrooms: $3,590, 3-bedrooms: $4,000, 4-bedrooms: $5,050. The most common rental property sizes in Midtown, Nashville, TN are 1-bedroom and 2-bedroom, accounting for 50.4% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $3,030 |
| Studio Rent | $1,650 | $1,680 |
| 1 Bed Rent | $1,900 | $2,160 |
| 2 Bed Rent | $3,000 | $3,590 |
| 3 Bed Rent | $3,880 | $4,000 |
| 4 Bed Rent | $4,200 | $5,050 |
% of Rental Stock
Property Listings — Midtown, Nashville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Midtown, Nashville, TN is 80. This is a increase of 19.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $725,000 | 2.0% |
Listing Count | 314 | 7.0% |
| Listings as % of Homes | 0.7% | 7.0% |
Days on Market | 80 | 19.0% |
Demographics — Midtown, Nashville, TN
As of the latest ACS Survey released in 2023, Midtown, Nashville, TN has a population of 20,200, which has increased by 42.2% over the past 5 years. Midtown, Nashville, TN is a less popular place for families, as children make up 6.0% of the population. The area has a highly educated workforce, with 67.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,200 | 42.2% |
% Under 18 | 6.0% | -36.8% |
% Seniors | 6.4% | -8.6% |
% WFH | 24.5% | 245.1% |
% w/ College Degree | 67.4% | 21.2% |
As of the latest ACS Survey released in 2023, Midtown, Nashville, TN is a predominantly white area, with 61.2% of the population identifying as white. The white population has grown by 4.4% in the last 5 years. The second most common race or ethnicity in Midtown, Nashville, TN is black, making up 21.7% of the population. Foreign-born residents account for 11.6% of the population in Midtown, Nashville, TN, and this percentage has increased by 56.8% 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 | 61.2% | 4.4% |
% Black | 21.7% | -27.2% |
% Hispanic | 7.9% | 68.1% |
% Asian | 6.1% | 3.4% |
% Foreign Born | 11.6% | 56.8% |
Mortgage and Risk — Midtown, Nashville, TN
According to HUD data as of 2023, there were 280 mortgage originations in Midtown, Nashville, TN, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Midtown, Nashville, TN. Investor activity is low, as 12.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 280 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 12.0% |
% Second Loans | 15.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Midtown, Nashville, TN
As of 2024, the percent of homes in Midtown, Nashville, TN under the Section 8 program is 13.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Midtown, Nashville, TN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,517 |
Total Units Section 8 | 1,479 |
% Rentals under Section 8 | 13.8% |
% Occupied Section 8 | 84.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,900 | $1,810 |
| 2 Bedroom | -$1,000 | $3,000 | $2,000 |
| 3 Bedroom | -$1,350 | $3,880 | $2,530 |
| 4 Bedroom | -$1,090 | $4,200 | $3,110 |
Affordability — Midtown, Nashville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.8 |
| Median Home Price | $644,000 |
| Median Household Income | $69,700 |