Nashville-Davidson--Murfreesboro--Franklin, TN · Tennessee
Davidson County
ZIP 37220
709,846 residents5,706 permits TTM$75,664 median HHI30 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$386,600
ACS 5-Year
Cap rate proxy
5.4%
FMR × 0.65 ÷ Home Value
Rent-to-income
23.6%
HUD FMR ÷ ACS HHI
Net migration
+3.45%
IRS SOI
Permits (TTM)
5,706
Census BPS
Climate risk
97.2
FEMA NRI (0–100)
ZIP 37220
Median home value
$891,694
Gross yield
3.3%
Buy Box score
0.4
Section 8 gap
66.3%
Affordability
P/I: 11.8R/I: —
Section 8 detail
SAFMR: $2,470Rent: $1,485Gap: 66.3%
ZIP code breakdown30 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 37218 | $358,709 | $1,580 | 5.3% | 6.5% | -23.2% |
| 37138 | $383,899 | $1,730 | 5.4% | 6.5% | -20.2% |
| 37207 | $369,652 | $1,450 | 4.7% | 6.1% | -29.7% |
| 37115 | $323,771 | $1,620 | 6.0% | 5.9% | 2.5% |
| 37210 | $364,886 | $1,580 | 5.2% | 5.8% | -12.0% |
| 37208 | $452,061 | $1,880 | 5.0% | 5.7% | -14.0% |
| 37072 | $397,933 | $1,630 | 4.9% | 5.5% | -12.1% |
| 37013 | $357,070 | $1,870 | 6.3% | 5.2% | 17.2% |
| 37214 | $362,825 | $2,000 | 6.6% | 5.2% | 21.7% |
| 37228 | $386,600county est. | $1,730 | 5.4% | 5.2% | 3.9% |
| 37217 | $322,464 | $1,780 | 6.6% | 5.1% | 23.5% |
| 37219 | $455,564 | $2,440 | 6.4% | 5.1% | 21.4% |
| 37213 | $386,600county est. | $1,830 | 5.7% | 4.6% | 18.9% |
| 37232 | $386,600county est. | $1,770 | 5.5% | 4.6% | 16.1% |
| 37238 | $386,600county est. | $1,770 | 5.5% | 4.6% | 16.1% |
| 37216 | $496,767 | $1,810 | 4.4% | 4.5% | -3.6% |
| 37189 | $396,435 | $1,480 | 4.5% | 4.5% | -0.3% |
| 37080 | $400,830 | $1,320 | 4.0% | 4.4% | -12.5% |
| 37076 | $401,414 | $1,780 | 5.3% | 4.4% | 16.8% |
| 37201 | $498,789 | $2,360 | 5.7% | 4.3% | 24.0% |
| 37211 | $393,375 | $1,780 | 5.4% | 4.3% | 21.5% |
| 37221 | $499,061 | $2,200 | 5.3% | 4.0% | 24.7% |
| 37203 | $624,644 | $1,990 | 3.8% | 4.0% | -3.5% |
| 37209 | $547,661 | $1,950 | 4.3% | 3.9% | 9.2% |
| 37206 | $610,428 | $1,840 | 3.6% | 3.9% | -7.0% |
| 37212 | $752,872 | $1,820 | 2.9% | 3.2% | -9.8% |
| 37215 | $1,174,270 | $2,200 | 2.2% | 2.7% | -22.3% |
| 37205 | $1,036,816 | $2,230 | 2.6% | 2.4% | 7.2% |
| 37204 | $973,964 | $2,280 | 2.8% | 2.2% | 21.1% |
| 37220 | $891,694 | $2,470 | 3.3% | 2.0% | 39.9% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
53.4%
Census ACS
Vacancy rate
8.8%
Census ACS
Bachelor's degree +
47.3%
Census ACS
Rent burdened
49.4%
Census ACS (>30% income)
Median age
34.6
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026