HousingHandbookReference data

U.S. ZIP Code · TN37205

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

Typical home value

$1,084,738[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.6%
5-year / yr
+7.7%
10-year / yr
+6.9%

Relative price

vs U.S.
+281.9%
vs metro
+166.0%
vs state
+309.8%
ZIP 37205 location in TN
Location of ZIP 37205 in TN

Price history

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

The typical home in 37205 is worth $1,084,738 — 166.0% above the Nashville-Davidson--Murfreesboro--Franklin, TN median. Over the past year, values have risen 2.6%. Homes here rent for a typical $2,102 a month — a 2.3% 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
$2,102[2]
Gross yield
2.3%[2]
Cap rate
1.4%[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$6,189[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
24,823[3]
Median household income
$139,152[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
3
Elementary
1
Middle
2
High
0
  • Westmeade Elementary

    Elementary · Grades K–5 · Davidson County

    466 students

  • H. G. Hill Middle

    Middle · Grades 6–8 · Davidson County

    433 students

  • West End Middle

    Middle · Grades 6–8 · Davidson County

    332 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.

Gross yield2.3%
Net yield (after ~40% expenses)1.4%
Annual rent$25,230

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$5,485
Loan principal$867,791
Down payment$216,948
Total interest paid$1,106,819

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 ratio3.28
Monthly cost to own$6,904
Monthly rent$2,102

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
90th percentile[1]
Rental yield
4th percentile[2]
Property tax
87th percentile[3]

Frequently asked

How much is a home worth in ZIP code 37205?
The typical home in 37205 is worth $1,084,738, based on the Zillow Home Value Index.
Are home values rising in 37205?
Home values in 37205 are up 2.6% over the past year, and up 7.7% a year over five years.
What is the typical rent in 37205?
A typical home in 37205 rents for about $2,102 a month, a gross rental yield of 2.3%.
What is the property tax rate in 37205?
The effective property tax rate in 37205 is 0.6% — roughly $6,189 a year on a typical home.
Who lives in 37205?
ZIP code 37205 has a population of 24,823 and a median household income of $139,152.

#Comparable ZIPs

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

  • Franklin, TN

    Typical home
    $1,018,469
    Gross yield
    3.2%
  • Nashville-Davidson metropolitan government (balance), TN

    Typical home
    $1,002,188
    Gross yield
    2.3%
  • Forest Hills, TN

    Typical home
    $1,202,280
    Gross yield
    2.5%
  • Franklin, TN

    Typical home
    $956,446
    Gross yield
    2.5%
  • Brentwood, TN

    Typical home
    $1,231,819
    Gross yield
    2.2%
  • Oak Hill, TN

    Typical home
    $920,997
    Gross yield

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

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