HousingHandbookReference data

U.S. ZIP Code · TN37221

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

Typical home value

$506,789[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-2.1%
5-year / yr
+5.4%
10-year / yr
+6.2%

Relative price

vs U.S.
+78.4%
vs metro
+24.3%
vs state
+91.4%
ZIP 37221 location in TN
Location of ZIP 37221 in TN

Price history

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

The typical home in 37221 is worth $506,789 — 24.3% above the Nashville-Davidson--Murfreesboro--Franklin, TN median. Over the past year, values have fallen 2.1%. Homes here rent for a typical $1,674 a month — a 4.0% 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
$1,674[2]
Gross yield
4.0%[2]
Cap rate
2.4%[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$2,805[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
41,935[3]
Median household income
$97,751[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
2
Elementary
1
Middle
1
High
0
  • Harpeth Valley Elementary

    Elementary · Grades PK–5 · Davidson County

    717 students

  • Bellevue Middle

    Middle · Grades 6–8 · Davidson County

    382 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 yield4.0%
Net yield (after ~40% expenses)2.4%
Annual rent$20,085

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$2,563
Loan principal$405,431
Down payment$101,358
Total interest paid$517,105

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 ratio1.92
Monthly cost to own$3,217
Monthly rent$1,674

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
34th percentile[1]
Rental yield
26th percentile[2]
Property tax
82nd percentile[3]

Frequently asked

How much is a home worth in ZIP code 37221?
The typical home in 37221 is worth $506,789, based on the Zillow Home Value Index.
Are home values rising in 37221?
Home values in 37221 are down 2.1% over the past year, and up 5.4% a year over five years.
What is the typical rent in 37221?
A typical home in 37221 rents for about $1,674 a month, a gross rental yield of 4.0%.
What is the property tax rate in 37221?
The effective property tax rate in 37221 is 0.6% — roughly $2,805 a year on a typical home.
Who lives in 37221?
ZIP code 37221 has a population of 41,935 and a median household income of $97,751.

#Comparable ZIPs

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

  • Nashville-Davidson metropolitan government (balance), TN

    Typical home
    $505,643
    Gross yield
    4.7%
  • Nashville-Davidson metropolitan government (balance), TN

    Typical home
    $502,190
    Gross yield
  • Hendersonville, TN

    Typical home
    $517,570
    Gross yield
    3.8%
  • Spring Hill, TN

    Typical home
    $518,004
    Gross yield
    4.5%
  • Walnut Grove CDP, TN

    Typical home
    $483,472
    Gross yield
  • Rockvale CDP, TN

    Typical home
    $481,111
    Gross yield

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