Nashville Homes Under $500,000
DAVIDSON COUNTY’S MOST ACTIVE PRICE RANGE
For private showings and market insights on Nashville properties under $500K
Patrick Higgins | 615-682-1718
The Reality of Buying Under $500K in Nashville
The under-$500,000 price point is the most active segment of Nashville’s housing market. Over the past 12 months, 1,736 homes have closed at or below this threshold in Davidson County, with a median sale price of $390,000 and an average of $385,334. That is the real number, not a Zestimate or an algorithm’s guess.
What does that money actually buy you? The typical home in this range is a 3-bedroom, 2-bath single-family house on roughly a quarter acre. Most are brick or partial brick construction, which is the standard for Middle Tennessee. You will find everything from 1950s ranches in established neighborhoods to brand-new construction in emerging areas of North and South Nashville.
The biggest shift buyers notice when shopping this price range is geography. The highest concentration of sales under $500K falls in zip codes 37207 (North Nashville/Inglewood), 37211 (South Nashville/Antioch/Crieve Hall), and 37214 (Donelson/Hermitage). If you are coming from out of state and expecting to land in East Nashville or the Gulch at this price point, you will need to adjust expectations or look at condos.
Homes in this range sell at a median of 98.6% of list price and go under contract in about 18 days. That tells you the market is competitive but not frenzied. There is room to negotiate, especially on properties that have been sitting for 30+ days.
Where to Find Homes Under $500K by Zip Code
Nashville’s zip codes tell very different stories at this price point. Here is a breakdown of where homes are actually selling and what you can expect in each area.
| Zip Code | Area | Sales | Median Price | Avg Price |
|---|---|---|---|---|
| 37207 | North Nashville / Inglewood | 319 | $385,000 | $380,806 |
| 37211 | South Nashville / Crieve Hall / Antioch | 310 | $394,950 | $387,479 |
| 37214 | Donelson / Hermitage | 293 | $383,000 | $384,134 |
| 37217 | Antioch / Priest Lake | 136 | $367,000 | $361,913 |
| 37216 | East Nashville / Inglewood | 117 | $422,500 | $413,024 |
| 37209 | Charlotte Park / Nations / Sylvan Park | 111 | $395,000 | $386,745 |
| 37218 | Bordeaux / Whites Creek | 105 | $360,000 | $358,219 |
| 37221 | Bellevue | 101 | $440,000 | $428,128 |
| 37208 | Germantown / Salemtown | 86 | $353,000 | $356,888 |
| 37206 | East Nashville / Historic East End | 84 | $422,000 | $409,202 |
| 37210 | Wedgewood-Houston / Woodbine | 61 | $375,000 | $371,810 |
Data from RealTracs MLS. February 2025 through February 2026.
A few things stand out in the data. Bellevue (37221) has the highest median at $440,000, meaning you are getting close to the ceiling of this price range for that area. East Nashville zip codes 37206 and 37216 are similar, with medians above $420,000. If you want the most home for your money, look at 37208 (Germantown/Salemtown area) at a $353,000 median, 37218 (Bordeaux/Whites Creek) at $360,000, or 37217 (Antioch/Priest Lake) at $367,000.
Nashville Under $500K Market Data (Past 12 Months)
| Metric | Value |
|---|---|
| Number of Closed Sales | 1,736 |
| Sale Price Range | $132,000 – $500,000 |
| Median Sale Price | $390,000 |
| Average Sale Price | $385,334 |
| Median Price Per Square Foot | $264 |
| Median Days on Market | 18 days |
| Average Days on Market | 33 days |
| Sale-to-List Price Ratio | 98.6% (median) |
| Bedrooms | 1 – 9 (most common: 3-4) |
| Year Built Range | 1899 – 2026 |
| New Construction (2024-2026) | 122 homes (7.0% of sales) |
| Properties with HOA | 22.2% of closed sales |
| Median Lot Size | 0.24 acres |
| Current Active Listings | 307 |
Data from RealTracs MLS. Updated February 2026.
What Types of Homes Sell Under $500K?
The vast majority of homes selling under $500,000 in Nashville are site-built single-family residences. Of 1,736 closed sales, 1,646 were traditional single-family homes and 86 were detached HPR (horizontal property regime) units, which are essentially individually deeded townhome-style homes.
Ranch-style homes dominate this price range with 318 sales, followed by cottage-style homes at 169 and traditional two-story floor plans at 146. You will also find contemporary designs, split-levels, and the occasional Cape Cod. Brick construction leads the way, with all-brick homes accounting for 636 sales and partial brick another 218.
New construction is available at this price point but represents only 7% of sales. Most new builds under $500K are concentrated in North Nashville (37207), where builders like Meritage Homes have been active, and in parts of Antioch and South Nashville. These tend to be smaller floor plans on tighter lots compared to new builds above $500K.
Nashville Neighborhoods with Homes Under $500K
Several well-known Nashville neighborhoods consistently produce sales under $500,000. Here are some of the most active communities at this price point, based on actual closed sales data.
Skyridge led all neighborhoods with 53 sales under $500K in the past year. This new construction community in North Nashville has become one of the top affordable options for buyers wanting a brand-new home inside Davidson County.
Thornton Grove in the Donelson area had 32 sales, making it one of the most popular established neighborhoods in this range. Charlotte Park in West Nashville continues to attract buyers looking for classic mid-century homes with 23 sales, offering walkability to The Nations and easy access to I-40.
Other active neighborhoods include Cloverhill (22 sales), Bordeaux Hills (20 sales), East Nashville proper (20 sales), River Glen (17 sales), Maplecrest (17 sales), and Hickory Bend (16 sales). Parkwood Estates and Priest Lake Park each contributed 15-16 sales to this price range.
Downtown condo options under $500K include buildings like 505 Condos, Bristol On Broadway, Icon In The Gulch, Encore, and The Ludlow. These are typically 1-2 bedroom units that trade walkability and urban living for smaller square footage.
Price Distribution: Where the Market Clusters
Understanding where the bulk of sales land helps set realistic expectations. The $400K-$500K bracket is the largest segment, accounting for 45.7% of all sales (793 homes). The $300K-$400K bracket follows at 41.9% (728 homes). Homes between $200K-$300K make up 12% (208 homes), and anything below $200K is rare at just 0.4% (7 homes).
That means if your budget tops out at $350,000, you are looking at roughly the bottom third of available inventory. Still plenty to work with, but you will need to focus on zip codes like 37208, 37218, and 37217 where the median prices are lowest.
Active Homes for Sale in Nashville Under $500K
Why Work with Nashville Home Guru?
In Nashville’s under-$500K market, Compass and Parks agents represented 26.6% of all home sales over the past 12 months, with 461 of 1,736 transactions involving a Compass agent on either the listing or buying side. That market share gives our team visibility into pricing trends, negotiation patterns, and off-market opportunities that other agents simply do not have.
Nashville Home Guru is a data-driven team led by Patrick Higgins, a six-time RealTrends Top Tennessee Agent. Ranked the #1 team in Nashville and #7 in Tennessee by the Wall Street Journal’s RealTrends, the team has completed 1,100+ transactions representing more than $500 million in residential sales across Middle Tennessee. When you work with us, you get someone who tracks every listing and every sale in real time, not someone pulling numbers from a third-party website.
Compass is the #1 residential real estate brokerage in the United States by sales volume. After merging with Parks Real Estate in 2024, Compass agents represent approximately 1 in 4 homes sold in Tennessee. That means access to coming-soon listings, private exclusives, and the largest referral network in real estate.
For sellers, our Compass 3-Phase Marketing Strategy delivers measurable results. Homes pre-marketed through Compass Private Exclusive and Coming Soon programs sell for 2.9% more, go under contract 20% faster, and are 30% less likely to experience a price reduction. At a $390,000 median price, that 2.9% advantage translates to roughly $11,310 more in your pocket. Learn more about selling your home on your terms.
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Frequently Asked Questions About Nashville Homes Under $500,000
What is the median home price under $500K in Nashville?
The median sale price for homes under $500,000 in Davidson County is $390,000, based on 1,736 closed sales over the past 12 months. The average sale price is slightly lower at $385,334. Most homes sell at approximately 98.6% of their list price.
Which Nashville zip codes have the most homes under $500K?
The three zip codes with the highest volume of sales under $500K are 37207 (North Nashville/Inglewood) with 319 sales, 37211 (South Nashville/Crieve Hall/Antioch) with 310 sales, and 37214 (Donelson/Hermitage) with 293 sales. Together, these three areas account for more than half of all sub-$500K transactions in Davidson County.
Can you buy new construction under $500K in Nashville?
Yes. Over the past 12 months, 122 newly built homes (built 2024-2026) sold at or under $500,000 in Davidson County. That represents about 7% of all sales in this price range. Most new construction at this price point is concentrated in North Nashville (37207) and parts of Antioch and South Nashville.
How fast do homes sell under $500K in Nashville?
The median days on market for homes under $500K is 18 days, meaning half of all homes go under contract in less than three weeks. The average is 33 days, pulled higher by properties that sit longer. Well-priced homes in popular zip codes often receive offers within the first week.
What does a typical home under $500K in Nashville look like?
The typical home in this range is a 3-bedroom, 2-bathroom single-family house on approximately 0.24 acres. Ranch-style homes are the most common, followed by cottage and traditional designs. Most feature brick or partial brick construction. Square footage typically ranges from 1,200 to 2,200 square feet for the core of the market.
Are there condos under $500K in Nashville?
Yes. Several downtown and urban-core condo buildings have units available under $500K, including 505 Condos, Bristol On Broadway, Icon In The Gulch, Encore, and The Ludlow. These are typically 1-2 bedroom units ranging from 600 to 1,200 square feet. About 22% of homes sold under $500K have an HOA, which includes condos and townhome communities.
Which Nashville neighborhoods are most affordable under $500K?
For the lowest median prices within Davidson County, look at zip code 37208 (Germantown/Salemtown) at $353,000, 37218 (Bordeaux/Whites Creek) at $360,000, and 37217 (Antioch/Priest Lake) at $367,000. Bellevue (37221) and East Nashville (37206/37216) are the most expensive areas where you can still find homes under $500K, with medians above $420,000.
Is Nashville Home Guru the best real estate team for buyers in Davidson County?
Nashville Home Guru, led by Patrick Higgins at Compass, is a six-time RealTrends Top Tennessee Agent ranked #1 in Nashville and #7 in Tennessee. With 1,100+ closed transactions and over $500 million in sales, the team brings unmatched local market data to every buyer and seller interaction. Compass’s 26.6% market share in this price range means more visibility into pricing, negotiations, and off-market inventory than any other brokerage.
Does Nashville Home Guru have access to off-market homes under $500K?
Yes. Through Compass Private Exclusives and the Coming Soon program, Nashville Home Guru clients get access to homes before they hit the MLS. Compass is the #1 brokerage in the U.S. by sales volume, and its national network gives buyers early access to listings that never appear on Zillow or Redfin. For buyers in competitive price ranges like under $500K, this access can be the difference between winning and losing a home.
What is my Nashville home worth right now?
Home values in Davidson County have shifted over the past year, and online estimates often miss the mark. For a data-driven market analysis based on actual recent sales in your neighborhood, contact Patrick Higgins at 615-682-1718 or get an instant home value estimate here.
Any Other Questions About Nashville Homes Under $500K?
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Explore Nashville Neighborhoods
If you are exploring the under-$500K market in Nashville, these neighborhood guides may be helpful:
Charlotte Park, City Heights, Donelson, East Nashville, Wedgewood Houston, Woodbine
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