HousingHandbookReference data

U.S. ZIP Code · TN37151

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

Typical home value

$305,878[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.3%
5-year / yr
10-year / yr

Relative price

vs U.S.
+7.7%
vs metro
-25.0%
vs state
+15.5%
ZIP 37151 location in TN
Location of ZIP 37151 in TN

Price history

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

The typical home in 37151 is worth $305,878 — 25.0% below the Nashville-Davidson--Murfreesboro--Franklin, TN median. Over the past year, values have risen 1.3%. The effective property tax rate is 0.4%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.4%[3]
Typical annual tax
$1,135[3]

#Climate risk

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

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

#Who lives here

Population
457[3]
Median household income
$102,168[3]

#Migration

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

Net migration
+48[5]
Moved in
577
Moved out
529

Run the numbers

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

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$1,547
Loan principal$244,703
Down payment$61,176
Total interest paid$312,105

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.

Own : rent ratio
Monthly cost to own$1,896
Monthly rent

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
[1]
Rental yield
[2]
Property tax
25th percentile[3]

Frequently asked

How much is a home worth in ZIP code 37151?
The typical home in 37151 is worth $305,878, based on the Zillow Home Value Index.
Are home values rising in 37151?
Home values in 37151 are up 1.3% over the past year.
What is the property tax rate in 37151?
The effective property tax rate in 37151 is 0.4% — roughly $1,135 a year on a typical home.
Who lives in 37151?
ZIP code 37151 has a population of 457 and a median household income of $102,168.

#Comparable ZIPs

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

  • Gordonsville, TN

    Typical home
    $311,518
    Gross yield
  • Woodbury, TN

    Typical home
    $312,233
    Gross yield
  • Vanleer, TN

    Typical home
    $316,634
    Gross yield
  • TN

    Typical home
    $294,481
    Gross yield
  • Hickman CDP, TN

    Typical home
    $318,039
    Gross yield
  • Hartsville/Trousdale County, TN

    Typical home
    $292,511
    Gross yield

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