Home Values

37220 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$373,500

  • 5.5% 1-year change
  • 1.7% 1-year forecast

The median home value in 37220 is $373,500. 37220 home values have gone up 5.5% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in 37220 is $200, which is higher than the Nashville average of $119. The median price of homes currently listed in 37220 is $549,900 while the median price of homes that sold is $374,350. The median rent price in 37220 is $1,800, which is higher than the Nashville median of $1,375.

Foreclosures will be a factor impacting home values in the next several years. In 37220 2.5 homes are foreclosed (per 10,000). This is lower than the Nashville value of 5.2 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 37220 is 1.7%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 37220 homeowners underwater on their mortgage is 5.0%, which is lower than Nashville at 12.2%.

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Relative ZHVI
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37220 Market Overview

Data through Dec 31, 2014
  • $373,500 ZHVI
  • 1.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $549,900 Median listing price
  • $374,350 Median sale price (Oct 31, 2014)
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37220 Market Health

Data through Dec 31, 2014
  • 9.0/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 5.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 1.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.5 homes(Oct 31, 2014) 37220
5.2 homes Nashville
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
37215 $517,700
37027 $505,700
37204 $384,000
Name Median ZHVI
37212 $374,100
37203 $222,100
37211 $158,900
Name Median ZHVI
37210 $125,500
 
 

Listings & Sales

Data through Dec 31, 2014
  • $200 Median list price / sq ft
  • $181 Median sale price / sq ft (Oct 31, 2014)
  • 8.3% Listings with price cut
2.9%
Sold below listing
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37220 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $2,163 37220
    $1,355 Nashville
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,800 Rent list price (Nov 30, 2014)
  • $1.05 Rent list price / sq ft (Nov 30, 2014)
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