What is the median home value in Davidson County, TN?

The median home value in Davidson County, TN is $386,600, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Davidson County, TN?

The cap rate proxy in Davidson County, TN is 5.4% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is moderate — deal-by-deal analysis recommended.

How much new construction is happening in Davidson County, TN?

Davidson County has 709,846 residents and issued 5,706 building permits over the trailing twelve months, according to the Census Building Permits Survey.

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

Davidson County

709,846 residents5,706 permits TTM$75,664 median HHI30 ZIP codesUpdated April 28, 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 code breakdown30 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
37115	$323,771	$1,620	6.0%	5.8%	1.4%
37013	$357,070	$1,870	6.3%	5.2%	16.5%
37217	$322,464	$1,780	6.6%	5.1%	22.3%
37214	$362,825	$2,000	6.6%	5.1%	22.3%
37210	$364,886	$1,580	5.2%	5.8%	-14.2%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$358,709	$1,580	5.3%	6.6%	-26.8%
$383,899	$1,730	5.4%	6.3%	-17.9%
$369,652	$1,450	4.7%	6.2%	-31.9%
$452,061	$1,880	5.0%	5.6%	-12.6%
$397,933	$1,630	4.9%	5.4%	-12.6%
$386,600county est.	$1,730	5.4%	5.2%	3.5%
$455,564	$2,440	6.4%	5.0%	22.4%
$386,600county est.	$1,830	5.7%	4.6%	18.9%
$386,600county est.	$1,770	5.5%	4.6%	16.1%
$386,600county est.	$1,770	5.5%	4.6%	16.1%
$496,767	$1,810	4.4%	4.5%	-5.1%
$396,435	$1,480	4.5%	4.4%	-0.3%
$401,414	$1,780	5.3%	4.4%	16.6%
$400,830	$1,320	4.0%	4.4%	-12.5%
$498,789	$2,360	5.7%	4.3%	23.9%
$393,375	$1,780	5.4%	4.2%	20.9%
$610,428	$1,840	3.6%	4.0%	-12.5%
$499,061	$2,200	5.3%	4.0%	23.1%
$624,644	$1,990	3.8%	4.0%	-3.7%
$547,661	$1,950	4.3%	3.9%	8.5%
$752,872	$1,820	2.9%	3.1%	-9.9%
$1,174,270	$2,200	2.2%	2.8%	-26.8%
$1,036,816	$2,230	2.6%	2.3%	9.5%
$973,964	$2,280	2.8%	2.2%	19.9%
$891,694	$2,470	3.3%	2.0%	39.9%

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

Data sources

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 28, 2026

Davidson County

See all 30 ZIPs ranked by yield and cap rate