How much is a home worth in ZIP code 37115?

The typical home in 37115 is worth $328,959, based on the Zillow Home Value Index.

Are home values rising in 37115?

Home values in 37115 are down 4.4% over the past year, and up 4.7% a year over five years.

What is the typical rent in 37115?

A typical home in 37115 rents for about $1,626 a month, a gross rental yield of 5.9%.

What is the property tax rate in 37115?

The effective property tax rate in 37115 is 0.6% — roughly $1,841 a year on a typical home.

ZIP code 37115 has a population of 40,615 and a median household income of $54,566.

HousingHandbookReference data

…

U.S. ZIP Code · TN37115

Davidson County · Nashville-Davidson--Murfreesboro--Franklin, TN

Typical home value

$328,959^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -4.4%
5-year / yr: +4.7%
10-year / yr: +8.0%

Relative price

vs U.S.: +15.8%
vs metro: -19.3%
vs state: +24.3%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 37115 is worth $328,959 — 19.3% below the Nashville-Davidson--Murfreesboro--Franklin, TN median. Over the past year, values have fallen 4.4%. Homes here rent for a typical $1,626 a month — a 5.9% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,626^[2]
Gross yield: 5.9%^[2]
Cap rate: 3.6%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $1,841^[3]

#Climate risk

FEMA National Risk Index ratings for Davidson County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Very Low
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Relatively High
Winter weather: Relatively Moderate

#Who lives here

Population: 40,615^[3]
Median household income: $54,566^[3]

#Migration

Household moves in and out of Davidson County over a year, from IRS tax-return data.

Net migration: +1,807^[5]
Moved in: 31,873
Moved out: 30,066

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 6
Middle: 1
High: 0

Amqui Elementary
Elementary · Grades PK–6 · Davidson County
577 students
Stratton Elementary
Elementary · Grades PK–5 · Davidson County
452 students
Neely's Bend Elementary
Elementary · Grades PK–6 · Davidson County
442 students
Chadwell Elementary
Elementary · Grades PK–5 · Davidson County
428 students
Madison Middle
Middle · Grades 6–8 · Davidson County
358 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.9%

Net yield (after ~40% expenses)3.6%

Annual rent$19,510

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,663

Loan principal$263,167

Down payment$65,792

Total interest paid$335,655

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.29

Monthly cost to own$2,091

Monthly rent$1,626

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 11th percentile^[1]
Rental yield: 89th percentile^[2]
Property tax: 84th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 37115?: The typical home in 37115 is worth $328,959, based on the Zillow Home Value Index.
Are home values rising in 37115?: Home values in 37115 are down 4.4% over the past year, and up 4.7% a year over five years.
What is the typical rent in 37115?: A typical home in 37115 rents for about $1,626 a month, a gross rental yield of 5.9%.
What is the property tax rate in 37115?: The effective property tax rate in 37115 is 0.6% — roughly $1,841 a year on a typical home.
Who lives in 37115?: ZIP code 37115 has a population of 40,615 and a median household income of $54,566.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

37217 vs 37115 →
Nashville-Davidson metropolitan government (balance), TN
Typical home
$326,576
Gross yield
5.2%
37148 vs 37115 →
Portland, TN
Typical home
$331,842
Gross yield
6.3%
37026
Lakewood Park CDP, TN
Typical home
$332,083
Gross yield
—
37025
TN
Typical home
$332,450
Gross yield
—
37074
Hartsville/Trousdale County, TN
Typical home
$324,207
Gross yield
—
37172
Coopertown, TN
Typical home
$336,930
Gross yield
5.5%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 37115 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · TN37115

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