37723 Housing Market

$162,508

9.8% 1-yr

The average 37723 home value is $162,508, down 9.8% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

37723 Key Takeaways

Typical Home Values: $162,508

1-year Value Change: -9.8%

(Data through October 31, 2025)

37723 Housing Market Overview

2.6%1-year Market Forecast(October 31, 2025)

17For sale inventory(October 31, 2025)

--New listings(October 31, 2025)

--Median sale to list ratio

--Median sale price(September 30, 2025)

$174,150Median list price(October 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Zip Codes

NameMedian ZHVI
38558$374,316
37854$217,440
38555$281,907
37829$190,820
37337$226,367
38571$297,058
37770$195,958
37887$210,809
37726$205,587

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37723 Rental Market Trends

--Average rent in 37723

$1,949National average rent(October 31, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.