ZIP Code 37203 — Nashville, TN Home Prices (2026)

The typical home in ZIP 37203 (Nashville, Tennessee) is worth about $617,000 at roughly $612 per square foot — 36% more expensive than the Nashville median and 110% more expensive than the typical U.S. home.

$617,000

Typical home value

$612

Price per sq ft

#7 of 25

Nashville ZIPs by value

+36%

vs Nashville median

How 37203 compares

ZIP 37203 is one of the pricier ZIP codes in Nashville: its typical home value of $617,000 ranks #7 of the 25 Nashville ZIP codes we track (the citywide range runs from $323,000 in 37217 to $1,202,000 in 37215). Per square foot it costs about $612, against $330 for Nashville as a whole, $211 for Tennessee, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 37203	$617,000	$612
Nashville, TN	$453,000	$330
Tennessee	$272,500	$211
United States	$294,000	$195

Home value by size in 37203

Using this ZIP’s rate of about $612 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$612,000
1,500 sq ft	$918,000
2,000 sq ft	$1,224,000
2,500 sq ft	$1,530,000
3,000 sq ft	$1,836,000

Salary needed to buy a home in ZIP 37203

To buy the typical $617,000 home in ZIP 37203 with 20% down, you need a household income of roughly $168,000 a year (about $3,920 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $199,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$30,900	$4,870/mo	$209,000/yr
10% (+PMI)	$61,700	$4,650/mo	$199,000/yr
20%	$123,400	$3,920/mo	$168,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 37203

At about $612 per square foot, here is roughly how much home different budgets get you in ZIP 37203:

Budget	Approx. size	What that looks like locally
$300k	490 sq ft	below the local median — condos, smaller or older homes
$400k	650 sq ft	below the local median — condos, smaller or older homes
$500k	820 sq ft	around the typical home here
$600k	980 sq ft	around the typical home here
$750k	1230 sq ft	around the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 37203 home.

Estimate a specific home in 37203

The estimator below is pre-set to ZIP 37203 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Nashville ZIP codes by home value

Where 37203 sits among Nashville’s 25 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	37215	$1,202,000	$436
2	37205	$1,086,000	$403
3	37204	$999,000	$461
4	37220	$922,000	$454
5	37212	$755,000	$482
6	37206	$621,000	$366
7	37203 (this page)	$617,000	$612
8	37209	$551,000	$330
9	37216	$504,000	$340
10	37221	$504,000	$257
11	37201	$497,000	$681
12	37208	$458,000	$330
13	37219	$453,000	$641
14	37080	$411,000	$248
15	37076	$404,000	$227
16	37189	$400,000	$261
17	37211	$397,000	$252
18	37138	$389,000	$237
19	37207	$375,000	$310
20	37210	$372,000	$353
21	37214	$366,000	$249
22	37218	$363,000	$274
23	37013	$358,000	$211
24	37115	$329,000	$233
25	37217	$323,000	$208

ZIP 37203 home prices: frequently asked

What is the average home price in ZIP code 37203? +

The typical home in ZIP 37203 (Nashville, TN) is worth about $617,000 as of 2026. That is 36% more expensive than the Nashville median of $453,000 and 110% more expensive than the U.S. median of $294,000.

What is the price per square foot in 37203? +

About $612 per square foot in 37203, versus $330 across Nashville and $211 across Tennessee. At that rate a 1,500 sq ft home runs roughly $918,000 and a 2,500 sq ft home about $1,530,000.

What salary do you need to buy a house in ZIP 37203? +

For the typical $617,000 home in ZIP 37203, a household income of about $168,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $199,000; with 5% down about $209,000.

Is 37203 an expensive ZIP code? +

Within Nashville, 37203 ranks #7 of 25 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Nashville. Nationally it is relatively expensive.

See the full Nashville home values page, all Tennessee cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.