Real Estate Investing in Nashville, Tennessee (37138)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37138 (Nashville, TN)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Nashville, TN (37138)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37138 Nashville
Not every below-median market is a bargain. Nashville's 37138 ZIP registers signals that favor experienced operators who can absorb the risk $389K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $389K asset, 37138 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Nashville have seen price recovery that 37138 has not matched. Davidson County data supports the view that the spread is structural rather than temporary.
Who lives in 37138 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 37138 is an operator game, not a passive one. From a cash-flow lens, entry prices of $389K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Nashville:
Property Strategy for 37138
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $285,484 | $1,730 | 4.4% | +7.2% | $142,742 |
| 3BR | $372,109 | $2,210 | 4.3% | +7.3% | $124,036 |
| 4BR | $578,224 | $2,700 | 3.4% | +8.6% | $144,556 |
| 5BR | $787,512 | — | — | +10.1% | $157,502 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37138 Compare?
| Metric | 37138 | Nashville | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $389,274 | $470,816 | N/A | $327,001 |
| 5-Year CAGR | 4.7% | 4.4% | N/A | 7.7% |
| Avg Rent | $2,139 | $1,948 | N/A | - |
| Cap Rate | 4.3% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37138 (Nashville, TN). Anonymous, moderated, never written by AI.
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Property managers serving Davidson County
Manage rentals here? List your business →All County Music City provides full-service residential property management in Nashville, TN, and surrounding areas, focusing on maximizing rental property investment returns. summary from their website
ZoDev Design specializes in 3D architectural renderings and animations for commercial and residential architectural development projects. summary from their website
Elmington specializes in multifamily real estate development. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $389,274 |
| Monthly Rent | $2,139 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | +10.7% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 37138
Population: 22,539
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 37138
Schools in This ZIP Code
About Repit School Scores
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We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Where do rents currently stand in Nashville, TN?
Investors in Nashville, TN typically see rents near $2,139/mo per month against $389K home values - a solid setup for rental cash flow.
Is Nashville, TN better for rentals, flips, or BRRRR?
Nashville, TN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($389K prices, $2,139/mo rents) make it a reasonable choice.
Is Nashville in TN worth investing in?
Investors tracking Nashville, TN will find a 3.0/5 rating supported by $389K median home values and $2,139/mo rents. That profile suits long-term holders targeting reliable returns.
Can I house hack in Nashville, TN?
Nashville, TN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $389K price point reasonable to enter.
Do rentals sit vacant long in Nashville, TN?
Expect elevated vacancy in Nashville, TN. Rents at $2,139/mo are absorbed by the tenant base without meaningful lag.
You know 37138 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37138 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 37138 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
Every ZIP in this metro, ranked. Free.
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