Davidson County, Tennessee Housing Market
In Davidson County, Tennessee, the median home value is $417,400, with a median monthly rent of $1,582. This places Davidson County at #253 nationally out of 3134 counties by median home value, and #3 within Tennessee.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,661
- Establishments: 31,246
- BLS QCEW, 2025
Housing Supply
- Single-family: 2,739
- Multi-family: 2,893
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 305,626 (avg $116,459)
- Outflow: 294,702 (avg $116,818)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Davidson County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 37189 | 393.9 | +22.96% | 2025 |
| 2 | 37135 | 318.7 | -9.22% | 2025 |
| 3 | 37204 | 426.9 | -0.59% | 2025 |
| 4 | 37027 | 366.0 | +8.43% | 2025 |
| 5 | 37221 | 321.8 | +5.84% | 2025 |
| 6 | 37212 | 447.9 | +3.99% | 2025 |
| 7 | 37218 | 378.5 | +2.20% | 2025 |
| 8 | 37220 | 389.2 | +6.34% | 2025 |
| 9 | 37064 | 399.0 | +3.28% | 2025 |
| 10 | 37215 | 353.7 | +2.98% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Davidson County Compares
| Metric | Davidson County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $417,400 | $223,385 | $227,706 |
| Median Gross Rent | $1,582 | $892 | $968 |
| Owner Occupancy Rate | 52.8% | 74.1% | 73.3% |
| Price/Rent Ratio | 22.0 | 20.5 | 18.7 |
Market Analysis
The median home value in Davidson County is 86.9% above the Tennessee state average and 83.3% above the U.S. national average. The median rent of $1,582/month is 77.4% above the state average.
With a price-to-rent ratio of 22.0, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Davidson County has an owner-occupancy rate of 52.8%, compared to 74.1% in Tennessee and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Union County | North Carolina | $417,300 | $1,496 |
| Marion County | Oregon | $416,400 | $1,414 |
| Powhatan County | Virginia | $416,000 | $1,168 |
| Rockwall County | Texas | $415,500 | $1,992 |
| Scott County | Minnesota | $419,400 | $1,568 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Wilson County | $428,000 | $1,486 | 77.0% |
| Sumner County | $393,100 | $1,424 | 72.0% |
| Rutherford County | $382,600 | $1,502 | 64.8% |
| Maury County | $355,700 | $1,300 | 70.9% |
| Loudon County | $348,000 | $1,062 | 80.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).