ZIP Code Market Report
37138 — Nashville, TN
Data through February 2026 · Updated monthly
Avg Home Value
$383,317
▼ 1.5% year-over-year
Month-over-Month
-0.6%
▼ 0.6%
Single Family
$388,719
Condo / Co-op
$313,396
The average home value in the 37138 ZIP code (Nashville, TENNESSEE) is $383,317 as of February 2026. Home prices are declining, down 1.5% compared to last year.
A 3-bedroom home in 37138 is valued at $371,490. Single-family homes average $388,719, while condos average $313,396.
The market in 37138 has a $260,020 spread between bottom-tier homes at $306,015 and top-tier homes at $566,035. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 37138 ZIP code will decrease 0.4% over the next 12 months, bringing the projected average to approximately $381,784. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Sumner County market area in TENNESSEE. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Sumner County report.
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Market Snapshot
37138 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $387,706 | $385,571 | $383,317 | ▼ 1.1% |
| Single Family Value | $389,750 | $389,334 | $388,719 | ▼ 0.3% |
Home Values
37138 Home Value Trend
Historical home values for ZIP code 37138. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 37138
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $283,126 |
| 3 Bedrooms | $371,490 |
| 4 Bedrooms | $567,739 |
Property Types
Home Values by Property Type in 37138
How different property types compare in this ZIP code.
All Homes
$383,317
Single Family
$388,719
Condo / Co-op
$313,396
Bottom Tier
$306,015
Top Tier
$566,035
Forecast
12-Month Home Value Forecast for 37138
Zillow projects home values in 37138 will decrease 0.4% over the next year, reaching approximately $381,784.
Current Value
$383,317
Projected Change
-0.4%
▼ 0.4%
Projected Value
$381,784
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 37138 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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