How much is a home worth in ZIP code 37129?

The typical home in 37129 is worth $444,781, based on the Zillow Home Value Index.

Are home values rising in 37129?

Home values in 37129 are up 0.1% over the past year, and up 6.0% a year over five years.

What is the typical rent in 37129?

A typical home in 37129 rents for about $1,841 a month, a gross rental yield of 5.0%.

What is the property tax rate in 37129?

The effective property tax rate in 37129 is 0.5% — roughly $2,169 a year on a typical home.

ZIP code 37129 has a population of 63,652 and a median household income of $91,259.

HousingHandbookReference data

…

U.S. ZIP Code · TN37129

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

Typical home value

$444,781^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.1%
5-year / yr: +6.0%
10-year / yr: +7.2%

Relative price

vs U.S.: +56.6%
vs metro: +9.1%
vs state: +68.0%

Price history

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

The typical home in 37129 is worth $444,781 — 9.1% above the Nashville-Davidson--Murfreesboro--Franklin, TN median. Over the past year, values have risen 0.1%. Homes here rent for a typical $1,841 a month — a 5.0% 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: $1,841^[2]
Gross yield: 5.0%^[2]
Cap rate: 3.0%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $2,169^[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: 63,652^[3]
Median household income: $91,259^[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: 9
Elementary: 7
Middle: 1
High: 1

Siegel High School
High · Grades 9–12 · Rutherford County
1,873 students
Siegel Middle School
Middle · Grades 6–8 · Rutherford County
1,191 students
Erma Siegel Elementary
Elementary · Grades PK–5 · Murfreesboro
856 students
Brown's Chapel Elementary School
Elementary · Grades PK–5 · Rutherford County
841 students
Northfield Elementary
Elementary · Grades PK–6 · Murfreesboro
712 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 yield5.0%

Net yield (after ~40% expenses)3.0%

Annual rent$22,093

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$2,249

Loan principal$355,825

Down payment$88,956

Total interest paid$453,835

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 ratio1.52

Monthly cost to own$2,801

Monthly rent$1,841

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: 47th percentile^[1]
Rental yield: 53rd percentile^[2]
Property tax: 67th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 37129?: The typical home in 37129 is worth $444,781, based on the Zillow Home Value Index.
Are home values rising in 37129?: Home values in 37129 are up 0.1% over the past year, and up 6.0% a year over five years.
What is the typical rent in 37129?: A typical home in 37129 rents for about $1,841 a month, a gross rental yield of 5.0%.
What is the property tax rate in 37129?: The effective property tax rate in 37129 is 0.5% — roughly $2,169 a year on a typical home.
Who lives in 37129?: ZIP code 37129 has a population of 63,652 and a median household income of $91,259.

#Comparable ZIPs

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

37128 vs 37129 →
Murfreesboro, TN
Typical home
$445,407
Gross yield
4.6%
37029 vs 37129 →
Burns, TN
Typical home
$443,818
Gross yield
—
37066
Gallatin, TN
Typical home
$443,167
Gross yield
4.5%
37087
Lebanon, TN
Typical home
$441,450
Gross yield
4.7%
37143
Pegram, TN
Typical home
$448,730
Gross yield
—
38569
TN
Typical home
$435,730
Gross yield
—

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#Jump to section

U.S. ZIP Code · TN37129

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