Real Estate Investing in Nashville, Tennessee (37216)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37216 (Nashville, TN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
What’s happening in Nashville, TN (37216)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37216 Nashville
ZIP 37216 inside Davidson County looks affordable on the surface — median value of $504K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 37216 is significant only for operators who understand what they are buying. A $504K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader TN picture, 37216 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 37216 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 37216 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Nashville:
Property Strategy for 37216
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $271,904 | $1,650 | 4.4% | — | $271,904 |
| 2BR | $383,890 | $1,810 | 3.4% | +7.0% | $191,945 |
| 3BR | $528,952 | $2,310 | 3.1% | +8.0% | $176,317 |
| 4BR | $657,109 | $2,820 | 3.1% | +8.5% | $164,277 |
| 5BR | $753,856 | — | — | +8.4% | $150,771 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37216 Compare?
| Metric | 37216 | Nashville | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $503,686 | $470,816 | N/A | $327,001 |
| 5-Year CAGR | 4.7% | 4.4% | N/A | 7.7% |
| Avg Rent | $2,132 | $1,948 | N/A | - |
| Cap Rate | 3.3% | 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 37216 (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 | $503,686 |
| Monthly Rent | $2,132 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +0.3% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | +17.8% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | +8.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 37216
Population: 18,933
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 37216
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Hattie Cotton Elementary
Warner Elementary
East Nashville Middle
East Nashville Magnet High School
Lockeland Elementary
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
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
How much rent can I charge in Nashville, TN?
Nashville, TN rentals go for roughly $2,132/mo a month. That puts gross yield in solid territory relative to $504K acquisition costs.
How should investors approach Nashville, TN?
In Nashville, TN the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $504K prices and $2,132/mo rents suits that approach.
Is Nashville, TN a good market for buy-and-hold investors?
Our data puts Nashville, TN at 3.0/5 for investability. Home prices of $504K and rents around $2,132/mo create a solid backdrop for investor activity.
What is the typical vacancy rate in Nashville, TN?
Occupancy in Nashville, TN runs even-keeled with elevated vacancy. Well-priced units at $2,132/mo lease on reasonable timelines.
Is the tenant base reliable in Nashville, TN?
Tenant demand in Nashville, TN is solid. The local workforce $2,132/mo rents across most rental classes.
You know 37216 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37216 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 37216 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
Every ZIP in this metro, ranked. Free.
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