Priest Lake, Nashville, TN—37217
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Priest Lake, Nashville, TN
As of Oct '25, the median home price in Priest Lake, Nashville, TN is $325,000, with a year-over-year change of -2.2%. This indicates that home prices in Priest Lake, Nashville, TN are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $325,000 | -2.2% |
| Single Family | $344,000 | -2.3% |
| Condos | $232,000 | -2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $250,000 | -2.3% |
3 Bed | $338,000 | -2.3% |
4 Bed | $389,000 | -1.8% |
| 5 Bed | $434,000 | -1.1% |
% of Housing Stock
Rental Trends — Priest Lake, Nashville, TN
As of July '25, Rentcast reports the average rent in Priest Lake, Nashville, TN is $1,710, with a year-over-year rent change of -12.3%. Per bedroom, the median rent as of July '25 in Priest Lake, Nashville, TN is studios: $1,150, 1-bedrooms: $1,080, 2-bedrooms: $1,660, 3-bedrooms: $2,040, 4-bedrooms: $2,540. The most common rental property sizes in Priest Lake, Nashville, TN are 2-bedroom and 1-bedroom, accounting for 47.2% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,720 | $1,710 |
| Studio Rent | $899 | $1,150 |
| 1 Bed Rent | $1,020 | $1,080 |
| 2 Bed Rent | $1,600 | $1,660 |
| 3 Bed Rent | $2,060 | $2,040 |
| 4 Bed Rent | $2,480 | $2,540 |
% of Rental Stock
Property Listings — Priest Lake, Nashville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Priest Lake, Nashville, TN is 58. This is a increase of 15.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -1.0% |
Listing Count | 125 | 30.0% |
| Listings as % of Homes | 0.6% | 30.0% |
Days on Market | 58 | 15.0% |
Demographics — Priest Lake, Nashville, TN
As of the latest ACS Survey released in 2023, Priest Lake, Nashville, TN has a population of 31,400, which has remained stable by 0.7% over the past 5 years. Priest Lake, Nashville, TN is a popular place for families, as children make up 26.1% of the population. The area has a moderately educated workforce, with 31.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,400 | 0.7% |
% Under 18 | 26.1% | 14.5% |
% Seniors | 9.3% | 8.1% |
% WFH | 14.1% | 314.7% |
% w/ College Degree | 31.8% | 2.9% |
As of the latest ACS Survey released in 2023, Priest Lake, Nashville, TN is a predominantly white area, with 37.5% of the population identifying as white. The white population has shrunk by 15.0% in the last 5 years. The second most common race or ethnicity in Priest Lake, Nashville, TN is black, making up 29.7% of the population. Foreign-born residents account for 29.9% of the population in Priest Lake, Nashville, TN, and this percentage has increased by 12.4% 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 | 37.5% | -15.0% |
% Black | 29.7% | -7.5% |
% Hispanic | 27.9% | 57.6% |
% Asian | 1.0% | -41.2% |
% Foreign Born | 29.9% | 12.4% |
Mortgage and Risk — Priest Lake, Nashville, TN
According to HUD data as of 2023, there were 294 mortgage originations in Priest Lake, Nashville, TN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Priest Lake, Nashville, TN. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 294 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Priest Lake, Nashville, TN
As of 2024, the percent of homes in Priest Lake, Nashville, TN under the Section 8 program is 9.6%. 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. In Priest Lake, Nashville, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 643 |
Total Units Section 8 | 643 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 87.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $590 | $1,020 | $1,610 |
| 2 Bedroom | $180 | $1,600 | $1,780 |
| 3 Bedroom | $190 | $2,060 | $2,250 |
| 4 Bedroom | $290 | $2,480 | $2,770 |
Affordability — Priest Lake, Nashville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $325,000 |
| Median Household Income | $61,500 |