How much is a home worth in ZIP code 37128?

The typical home in 37128 is worth $445,407, based on the Zillow Home Value Index.

Are home values rising in 37128?

Home values in 37128 are up 0.1% over the past year, and up 5.9% a year over five years.

What is the typical rent in 37128?

A typical home in 37128 rents for about $1,719 a month, a gross rental yield of 4.6%.

What is the property tax rate in 37128?

The effective property tax rate in 37128 is 0.5% — roughly $2,224 a year on a typical home.

ZIP code 37128 has a population of 79,268 and a median household income of $93,665.

HousingHandbookReference data

…

U.S. ZIP Code · TN37128

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

Typical home value

$445,407^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.1%
5-year / yr: +5.9%
10-year / yr: +6.9%

Relative price

vs U.S.: +56.8%
vs metro: +9.2%
vs state: +68.3%

Price history

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

The typical home in 37128 is worth $445,407 — 9.2% above the Nashville-Davidson--Murfreesboro--Franklin, TN median. Over the past year, values have risen 0.1%. Homes here rent for a typical $1,719 a month — a 4.6% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

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

Monthly rent: $1,719^[2]
Gross yield: 4.6%^[2]
Cap rate: 2.8%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $2,224^[3]

#Climate risk

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

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

#Who lives here

Population: 79,268^[3]
Median household income: $93,665^[3]

#Migration

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

Net migration: +1,051^[5]
Moved in: 12,685
Moved out: 11,634

Schools

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

Public schools: 10
Elementary: 6
Middle: 1
High: 3

Blackman High School
High · Grades 9–12 · Rutherford County
2,233 students
Riverdale High School
High · Grades 9–12 · Rutherford County
2,124 students
Blackman Middle School
Middle · Grades 6–8 · Rutherford County
1,661 students
Blackman Elementary School
Elementary · Grades PK–5 · Rutherford County
1,068 students
Overall Creek Elementary
Elementary · Grades K–6 · Murfreesboro
993 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 yield4.6%

Net yield (after ~40% expenses)2.8%

Annual rent$20,632

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$2,252

Loan principal$356,326

Down payment$89,081

Total interest paid$454,474

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 ratio1.63

Monthly cost to own$2,809

Monthly rent$1,719

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: 45th percentile^[1]
Rental yield: 45th percentile^[2]
Property tax: 71st percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

3rd for most populous in TNView list →

Frequently asked

How much is a home worth in ZIP code 37128?: The typical home in 37128 is worth $445,407, based on the Zillow Home Value Index.
Are home values rising in 37128?: Home values in 37128 are up 0.1% over the past year, and up 5.9% a year over five years.
What is the typical rent in 37128?: A typical home in 37128 rents for about $1,719 a month, a gross rental yield of 4.6%.
What is the property tax rate in 37128?: The effective property tax rate in 37128 is 0.5% — roughly $2,224 a year on a typical home.
Who lives in 37128?: ZIP code 37128 has a population of 79,268 and a median household income of $93,665.

#Comparable ZIPs

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

37129 vs 37128 →
Murfreesboro, TN
Typical home
$444,781
Gross yield
5.0%
37029 vs 37128 →
Burns, TN
Typical home
$443,818
Gross yield
—
37066
Gallatin, TN
Typical home
$443,167
Gross yield
4.5%
37143
Pegram, TN
Typical home
$448,730
Gross yield
—
37087
Lebanon, TN
Typical home
$441,450
Gross yield
4.7%
37010
Adams, TN
Typical home
$454,525
Gross yield
—

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#Jump to section

U.S. ZIP Code · TN37128

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