How much is a home worth in ZIP code 37216?

The typical home in 37216 is worth $505,643, based on the Zillow Home Value Index.

Are home values rising in 37216?

Home values in 37216 are down 2.6% over the past year, and up 5.3% a year over five years.

What is the typical rent in 37216?

A typical home in 37216 rents for about $1,981 a month, a gross rental yield of 4.7%.

What is the property tax rate in 37216?

The effective property tax rate in 37216 is 0.6% — roughly $2,990 a year on a typical home.

ZIP code 37216 has a population of 19,038 and a median household income of $86,701.

HousingHandbookReference data

…

U.S. ZIP Code · TN37216

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

Typical home value

$505,643^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.6%
5-year / yr: +5.3%
10-year / yr: +7.0%

Relative price

vs U.S.: +78.0%
vs metro: +24.0%
vs state: +91.0%

Price history

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

The typical home in 37216 is worth $505,643 — 24.0% above the Nashville-Davidson--Murfreesboro--Franklin, TN median. Over the past year, values have fallen 2.6%. Homes here rent for a typical $1,981 a month — a 4.7% 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: $1,981^[2]
Gross yield: 4.7%^[2]
Cap rate: 2.8%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $2,990^[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: 19,038^[3]
Median household income: $86,701^[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: 6
Elementary: 3
Middle: 1
High: 2

East End Preparatory School
Elementary · Grades K–8 · Davidson County
756 students
Stratford STEM Magnet School
High · Grades 6–12 · Davidson County
756 students
Maplewood High
High · Grades 9–12 · Davidson County
686 students
Dan Mills Elementary
Elementary · Grades PK–5 · Davidson County
604 students
Isaac Litton Middle
Middle · Grades 6–8 · Davidson County
286 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 yield4.7%

Net yield (after ~40% expenses)2.8%

Annual rent$23,771

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$2,557

Loan principal$404,515

Down payment$101,129

Total interest paid$515,936

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$3,227

Monthly rent$1,981

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: 25th percentile^[1]
Rental yield: 49th percentile^[2]
Property tax: 92nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 37216?: The typical home in 37216 is worth $505,643, based on the Zillow Home Value Index.
Are home values rising in 37216?: Home values in 37216 are down 2.6% over the past year, and up 5.3% a year over five years.
What is the typical rent in 37216?: A typical home in 37216 rents for about $1,981 a month, a gross rental yield of 4.7%.
What is the property tax rate in 37216?: The effective property tax rate in 37216 is 0.6% — roughly $2,990 a year on a typical home.
Who lives in 37216?: ZIP code 37216 has a population of 19,038 and a median household income of $86,701.

#Comparable ZIPs

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

37221 vs 37216 →
Nashville-Davidson metropolitan government (balance), TN
Typical home
$506,789
Gross yield
4.0%
37201 vs 37216 →
Nashville-Davidson metropolitan government (balance), TN
Typical home
$502,190
Gross yield
—
37075
Hendersonville, TN
Typical home
$517,570
Gross yield
3.8%
37174
Spring Hill, TN
Typical home
$518,004
Gross yield
4.5%
37048
Walnut Grove CDP, TN
Typical home
$483,472
Gross yield
—
37153
Rockvale CDP, TN
Typical home
$481,111
Gross yield
—

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Pit ZIP 37216 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · TN37216

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