37220 — Davidson County, Tennessee Market Snapshot
Housing market data for zip code 37220 in Davidson County, Tennessee. Updated monthly with median prices, days on market, and more.
Market Sales Data
28 sales in 2026 (year to date)
Median Sale Price
$1,112,500
Days to Sell
75
Homes Sold
28
Inventory
54
Sale-to-List
96.9%
New Listings
52
Price/SqFt
$379
Pending Sales
42
Jumbo Loan Likely Needed
The median home in 37220 at $1,112,500 exceeds the 2026 conforming loan limit of $1,029,250 by $83,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
With homes sitting for 75 days on average, 37220 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 37220 sells for 3.1% below asking price (96.9% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 37220 at $1,112,500 exceeds the 2026 conforming loan limit of $1,029,250 by $83,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 37220 are set at the county level.
2026 Loan Limits — Davidson County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,029,250 | $1,029,250 |
| 2 Units | $1,317,650 | $1,317,650 |
| 3 Units | $1,592,700 | $1,592,700 |
| 4 Units | $1,979,350 | $1,979,350 |
Affordability Snapshot — Zip 37220
To purchase the median home at $1,112,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $8,674.
Monthly Payment
$8,674
Income Required
$371,727
Principal & Interest
$6,855/mo
Down Payment (5%)
$55,625
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 37220.
Estimated Monthly Payment
$7,035
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