12 South, Nashville, TN—37204
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — 12 South, Nashville, TN
As of Oct '25, the median home price in 12 South, Nashville, TN is $976,000, with a year-over-year change of 1.6%. This indicates that home prices in 12 South, Nashville, TN are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $976,000 | 1.6% |
| Single Family | $1,043,000 | 1.8% |
| Condos | $460,000 | -5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $282,000 | -11.0% |
2 Bed | $520,000 | -3.5% |
3 Bed | $884,000 | 2.1% |
4 Bed | $1,251,000 | 0.9% |
| 5 Bed | $1,927,000 | 2.4% |
% of Housing Stock
Rental Trends — 12 South, Nashville, TN
As of July '25, Rentcast reports the average rent in 12 South, Nashville, TN is $3,420, with a year-over-year rent change of -17.8%. Per bedroom, the median rent as of July '25 in 12 South, Nashville, TN is studios: $1,350, 1-bedrooms: $1,850, 2-bedrooms: $2,700, 3-bedrooms: $4,330, 4-bedrooms: $6,200. The most common rental property sizes in 12 South, Nashville, TN are 2-bedroom and 1-bedroom, accounting for 41.9% and 39.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $3,420 |
| Studio Rent | $1,350 | $1,350 |
| 1 Bed Rent | $1,520 | $1,850 |
| 2 Bed Rent | $2,500 | $2,700 |
| 3 Bed Rent | $3,750 | $4,330 |
| 4 Bed Rent | $5,980 | $6,200 |
% of Rental Stock
Property Listings — 12 South, Nashville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in 12 South, Nashville, TN is 85. This is a increase of 27.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,250,000 | 21.0% |
Listing Count | 144 | 19.0% |
| Listings as % of Homes | 0.7% | 19.0% |
Days on Market | 85 | 27.0% |
Demographics — 12 South, Nashville, TN
As of the latest ACS Survey released in 2023, 12 South, Nashville, TN has a population of 17,000, which has increased by 15.1% over the past 5 years. 12 South, Nashville, TN is a moderately popular place for families, as children make up 19.0% of the population. The area has a highly educated workforce, with 77.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,000 | 15.1% |
% Under 18 | 19.0% | 6.7% |
% Seniors | 9.6% | 17.1% |
% WFH | 24.0% | 215.8% |
% w/ College Degree | 77.1% | 12.7% |
As of the latest ACS Survey released in 2023, 12 South, Nashville, TN is a predominantly white area, with 78.8% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in 12 South, Nashville, TN is black, making up 10.1% of the population. Foreign-born residents account for 6.9% of the population in 12 South, Nashville, TN, and this percentage has increased by 102.9% 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 | 78.8% | 0.9% |
% Black | 10.1% | -29.4% |
% Hispanic | 3.7% | 76.2% |
% Asian | 4.8% | 152.6% |
% Foreign Born | 6.9% | 102.9% |
Mortgage and Risk — 12 South, Nashville, TN
According to HUD data as of 2023, there were 219 mortgage originations in 12 South, Nashville, TN, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in 12 South, Nashville, TN. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 219 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — 12 South, Nashville, TN
As of 2024, the percent of homes in 12 South, Nashville, TN under the Section 8 program is 8.6%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in 12 South, Nashville, TN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 295 |
Total Units Section 8 | 295 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $600 | $1,520 | $2,120 |
| 2 Bedroom | -$150 | $2,500 | $2,350 |
| 3 Bedroom | -$780 | $3,750 | $2,970 |
| 4 Bedroom | -$2,330 | $5,980 | $3,650 |
Affordability — 12 South, Nashville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.6 |
| Median Home Price | $976,000 |
| Median Household Income | $109,000 |