How much is a home worth in ZIP code 37209?

The typical home in 37209 is worth $554,339, based on the Zillow Home Value Index.

Are home values rising in 37209?

Home values in 37209 are down 2.2% over the past year, and up 5.2% a year over five years.

What is the typical rent in 37209?

A typical home in 37209 rents for about $1,773 a month, a gross rental yield of 3.8%.

What is the property tax rate in 37209?

The effective property tax rate in 37209 is 0.6% — roughly $3,288 a year on a typical home.

ZIP code 37209 has a population of 37,817 and a median household income of $81,423.

HousingHandbookReference data

…

U.S. ZIP Code · TN37209

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

Typical home value

$554,339^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.2%
5-year / yr: +5.2%
10-year / yr: +6.5%

Relative price

vs U.S.: +95.1%
vs metro: +35.9%
vs state: +109.4%

Price history

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

The typical home in 37209 is worth $554,339 — 35.9% above the Nashville-Davidson--Murfreesboro--Franklin, TN median. Over the past year, values have fallen 2.2%. Homes here rent for a typical $1,773 a month — a 3.8% 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: $1,773^[2]
Gross yield: 3.8%^[2]
Cap rate: 2.3%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $3,288^[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: 37,817^[3]
Median household income: $81,423^[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: 14
Elementary: 5
Middle: 2
High: 6

Gower Elementary
Elementary · Grades PK–5 · Davidson County
617 students
Charlotte Park Elementary
Elementary · Grades PK–5 · Davidson County
514 students
Sylvan Park Elementary
Elementary · Grades K–5 · Davidson County
439 students
Park Avenue Elementary
Elementary · Grades PK–5 · Davidson County
330 students
W. A. Bass Adult Program
High · Grades 9–12 · Davidson County
283 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 yield3.8%

Net yield (after ~40% expenses)2.3%

Annual rent$21,277

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$2,803

Loan principal$443,471

Down payment$110,868

Total interest paid$565,623

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 ratio2.00

Monthly cost to own$3,538

Monthly rent$1,773

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: 23rd percentile^[1]
Rental yield: 21st percentile^[2]
Property tax: 93rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 37209?: The typical home in 37209 is worth $554,339, based on the Zillow Home Value Index.
Are home values rising in 37209?: Home values in 37209 are down 2.2% over the past year, and up 5.2% a year over five years.
What is the typical rent in 37209?: A typical home in 37209 rents for about $1,773 a month, a gross rental yield of 3.8%.
What is the property tax rate in 37209?: The effective property tax rate in 37209 is 0.6% — roughly $3,288 a year on a typical home.
Who lives in 37209?: ZIP code 37209 has a population of 37,817 and a median household income of $81,423.

#Comparable ZIPs

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

37085 vs 37209 →
Walterhill CDP, TN
Typical home
$547,252
Gross yield
—
37062 vs 37209 →
Fairview, TN
Typical home
$547,002
Gross yield
5.1%
37060
Eagleville, TN
Typical home
$536,517
Gross yield
—
37122
Mount Juliet, TN
Typical home
$573,063
Gross yield
4.3%
38476
TN
Typical home
$574,527
Gross yield
—
37174
Spring Hill, TN
Typical home
$518,004
Gross yield
4.5%

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Pit ZIP 37209 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · TN37209

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