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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −2.3% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −31.4% YoY, is the number to watch.
The median listing price is down 2.3% YoY while the median home got down 2.0% bigger, so value per square foot is down 7.5%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $599K purchase rents for $2,295/mo: 0.38% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 3 BR (sale only, no matching rent).
Rentals here take about 33 days longer to find a tenant than sales take to go under contract (median across 2 property types).
Not shown: Single Family (sold here, not rented).
U.S. Census ACS characteristics for ZIP 37201 itself, not its parent county.
Renters hold 64.6% of this ZIP's 799 occupied households, on a median household income of $114K.
| Measure | ZIP 37201 | Davidson County | Difference |
|---|---|---|---|
| Median Household Income | $114K | $78K | +$36K |
| Below Poverty Level | 20.1% | 13.9% | +6.2% |
| Median Age | 34.50 | 34.60 | -0.10 |
| Total Population | 1,467 | 715,388 | -- |
| Avg Household Size | 1.58 | 2.14 | -0.56 |
| Owner-Occupied | 35.4% | 52.8% | -17.4% |
| Worked From Home | 34.1% | 20.3% | +13.8% |
| Mean Commute | 19.80 | 24.70 | -4.90 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.8% to 715,388: residents under 18 are up 0.2% and those 65 and over are up 2.5%.
County median household income is $78K, 13.9% of residents are below the poverty level, 20.3% work from home.