Bellevue, Nashville, TN—37221
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bellevue, Nashville, TN
As of Oct '25, the median home price in Bellevue, Nashville, TN is $503,000, with a year-over-year change of 0.4%. This indicates that home prices in Bellevue, Nashville, TN are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $503,000 | 0.4% |
| Single Family | $550,000 | 0.5% |
| Condos | $337,000 | -2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $202,000 | -5.6% |
2 Bed | $316,000 | -3.4% |
3 Bed | $477,000 | -0.2% |
4 Bed | $649,000 | 1.2% |
| 5 Bed | $923,000 | 2.1% |
% of Housing Stock
Rental Trends — Bellevue, Nashville, TN
As of July '25, Rentcast reports the average rent in Bellevue, Nashville, TN is $2,440, with a year-over-year rent change of -3.2%. Per bedroom, the median rent as of July '25 in Bellevue, Nashville, TN is studios: $1,310, 1-bedrooms: $1,350, 2-bedrooms: $1,840, 3-bedrooms: $2,500, 4-bedrooms: $4,080. The most common rental property sizes in Bellevue, Nashville, TN are 2-bedroom and 3-bedroom, accounting for 42.3% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,440 |
| Studio Rent | $1,310 | $1,310 |
| 1 Bed Rent | $1,330 | $1,350 |
| 2 Bed Rent | $1,700 | $1,840 |
| 3 Bed Rent | $2,400 | $2,500 |
| 4 Bed Rent | $3,450 | $4,080 |
% of Rental Stock
Property Listings — Bellevue, Nashville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Bellevue, Nashville, TN is 74. This is a increase of 52.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $555,000 | 3.0% |
Listing Count | 324 | 41.0% |
| Listings as % of Homes | 0.6% | 41.0% |
Days on Market | 74 | 52.0% |
Demographics — Bellevue, Nashville, TN
As of the latest ACS Survey released in 2023, Bellevue, Nashville, TN has a population of 41,800, which has increased by 3.4% over the past 5 years. Bellevue, Nashville, TN is a moderately popular place for families, as children make up 21.4% of the population. The area has a highly educated workforce, with 62.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,800 | 3.4% |
% Under 18 | 21.4% | 5.4% |
% Seniors | 18.4% | 20.3% |
% WFH | 19.7% | 189.7% |
% w/ College Degree | 62.0% | 11.5% |
As of the latest ACS Survey released in 2023, Bellevue, Nashville, TN is a predominantly white area, with 79.3% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Bellevue, Nashville, TN is black, making up 7.3% of the population. Foreign-born residents account for 8.9% of the population in Bellevue, Nashville, TN, and this percentage has increased by 4.7% 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 | 79.3% | -4.1% |
% Black | 7.3% | 1.4% |
% Hispanic | 5.6% | 55.6% |
% Asian | 3.9% | -9.3% |
% Foreign Born | 8.9% | 4.7% |
Mortgage and Risk — Bellevue, Nashville, TN
According to HUD data as of 2023, there were 864 mortgage originations in Bellevue, Nashville, TN, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Bellevue, Nashville, TN. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 864 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Bellevue, Nashville, TN
As of 2024, the percent of homes in Bellevue, Nashville, TN under the Section 8 program is 1.4%. 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 Bellevue, 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 | 139 |
Total Units Section 8 | 139 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $690 | $1,330 | $2,020 |
| 2 Bedroom | $540 | $1,700 | $2,240 |
| 3 Bedroom | $430 | $2,400 | $2,830 |
| 4 Bedroom | $30 | $3,450 | $3,480 |
Affordability — Bellevue, Nashville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $503,000 |
| Median Household Income | $99,100 |