37215, Nashville, TN Homes for Sale
Introduction to Nashville's 37215 Real Estate Market
Welcome to the bustling 37215 zip code of Nashville, Tennessee, a real estate market that's as vibrant and dynamic as the city itself. In October 2023, the area witnessed a median listing home price of a whopping $1.7 million, marking a 2.4% increase from the previous year. The price per square foot? $440. But it's not just about the numbers. This area, encompassing neighborhoods like Green Hills, Forest Hills, and Belle Meade, is known for its plethora of shopping options, restaurants, and the iconic Bluebird Café. It's a mix of urban convenience with a touch of Southern charm.
When we talk sales, the figures are equally impressive. The median home sold for around $1 million, with a total of 735 properties changing hands in the past twelve months. The real estate market here is diverse, ranging from modestly priced homes at $182,000 to luxurious estates going up to $3,499,000. What does this mean for buyers and sellers? A market teeming with opportunities, whether you're looking for a cozy starter home or a sprawling mansion.
Demographics of 37215: Who's Buying in Nashville?
Buyer Profiles and Preferences
Peeking into the demographics of 37215 gives us a clearer picture of who's buying in Nashville. The area is home to about 22,829 residents, with a population density of 1,463 people per square mile. What stands out is the level of affluence and education in this zip code. Approximately 23.3% of households fall into the high-income category, with a median household income of $133,532. The residents here are well-educated, too, with a striking 38.59% holding a bachelor's degree, and an impressive 18.31% boasting a master's degree.
It's not just about the numbers, though. The majority ethnicity in the area is White, making up 90.37% of the population. This demographic profile shapes the real estate market, influencing everything from the types of homes in demand to the amenities that are most valued. With such a well-educated and affluent population, it's no surprise that homes in 37215 are in high demand, offering a mix of modern amenities and classic Southern architecture.
Average Home Prices in 37215: A Financial Overview
The 37215 housing market in Nashville is a tale of diversity and fluctuation. In recent times, the median sale price of a home in this area was about $1.05 million, a significant decrease of 34.5% from the previous year. This change reflects the somewhat competitive nature of the market. The median sale price per square foot stands at $386, down 1.3% since last year. This gives potential buyers and investors a varied range of options, from more affordable properties to high-end luxury homes, each offering its unique appeal and value.
With homes selling in about 60 days on average, the 37215 market is dynamic, showing some homes receive multiple offers, while the average homes sell for about 4% below the list price. This trend suggests a market that is both active and buyer-friendly, offering opportunities for negotiation and choice.
Exploring the Architectural Styles of 37215
Popular Architectural Trends in Nashville's 37215
The architectural landscape of 37215 is as diverse as its housing prices. From the classic Georgian Revival to the elegant French Provincial, this area showcases a wide array of styles. Georgian Revival homes, known for their symmetrical design, have been a staple in American neighborhoods since the early 20th century. The Antebellum style, echoing the charm of the pre-Civil War era, features Greek-style pillars and grand staircases, making it a symbol of Southern elegance.
French Provincial architecture brings a touch of the French countryside to Nashville, with its ornate roofs and curved top windows. The American Farmhouse style, a symbol of early America, blends rustic materials with modern design elements, offering a cozy and welcoming ambiance. The Tudor Revival style stands out with its distinctive half-timber framing, bringing the charm of an English countryside manor to the Nashville suburbs.
For those seeking a more modern aesthetic, Contemporary homes in 37215 offer clean lines, minimalistic design, and eco-friendly utilities. Lastly, the Mediterranean Revival style, with its heavy red roof tiles and white stucco exteriors, provides a taste of the Mediterranean's exotic beauty. Each architectural style in 37215 reflects a unique aspect of Nashville's rich and varied cultural tapestry, offering something for every taste and preference.
The Age and Construction of Homes in 37215
In the 37215 zip code of Nashville, homes carry a history and character shaped by time. The average age of single-family homes here is about 48 years, reflecting a blend of historical charm and contemporary amenities. This age range presents an interesting mix of architectural styles and construction techniques, from mid-century modern homes to more recent constructions. Each property tells a unique story, contributing to the diverse aesthetic of the neighborhood.
Property Sizes and Layouts in Nashville's 37215
The homes in 37215 are not just about age; they also boast impressive sizes. On average, single-family homes in this zip code offer around 3,546 square feet of living space. This generous square footage allows for a variety of layouts, catering to different lifestyles and family sizes. From sprawling estates to cozy family homes, the properties in 37215 cater to a wide range of preferences and needs.
With 10,033 residential properties in the area, the choices are ample. Whether you're looking for a spacious backyard for family gatherings, extra rooms for a home office, or an open-plan living area for entertaining, 37215's diverse property sizes and layouts offer something for everyone. The median home value in the area stands at approximately $1,184,755, reflecting the premium nature of these well-sized and well-situated homes.
Schools and Education: A Closer Look at 37215
Education is a cornerstone of the 37215 community, with a strong emphasis on academic excellence. The area is served by three top-rated public schools: Julia Green Elementary School, Percy Priest Elementary School, and Hillsboro High School. These schools boast impressive academic credentials, with an average math proficiency score of 40% and a reading proficiency score of 59%, both surpassing the Tennessee state averages significantly. Moreover, the schools in 37215 are ranked in the top 10% of Tennessee public schools, boasting an average ranking of 10/10.
With a diverse student body, 43% of all K-12 students in 37215 are educated in public schools, with a minority enrollment of 44% (majority Black). This diversity not only enriches the learning environment but also prepares students for a global society. For families considering moving into the area, the quality and performance of local schools are key factors, and 37215 certainly delivers on this front.
37215's Best Upgrades and Amenities
The homes in 37215 aren't just about square footage and architecture; they also feature some of the most sought-after upgrades and amenities. In the fall of 2023, some of the most valuable features in Nashville homes included large center islands, playgrounds, island bars, and back porches. These features not only enhance the living experience but also significantly increase the property's market value. For example, homes with large center islands listed at an average price of $645,000, demonstrating their appeal to buyers.
Other popular amenities include fenced yards, dog parks, and fire pits, which are increasingly in demand. A home with a walk-in pantry or a cabana can list for as high as $690,000 and $516,760, respectively. Open concept living spaces are also trending, indicating a preference for more fluid and interactive home environments. These trends reflect the evolving preferences of homebuyers in Nashville, who value both functional and aesthetic aspects of their living spaces.
Tax Information and County Insights for 37215
Understanding the financial aspects of home ownership is crucial, and property taxes are a significant part of that. In 37215, which falls within Davidson County, the property tax rate for the Urban Services District is $3.254, and for the General Services District, it's $2.922. These rates are set by the Metropolitan Council and are based on the assessed value of properties. For residential properties, the assessed value is 25% of the appraised value, while for commercial properties, it's 40% of the appraised value. With over 24,340 parcels of commercial property and 235,234 residential parcels in Davidson County, property tax collection forms a substantial part of the Metropolitan Government's operating budget.
Exploring Nearby Communities and Cities
The neighborhoods surrounding 37215 offer a rich tapestry of communities, each with its own unique character and charm. Popular nearby areas include Antioch, Donelson, Hermitage, and Old Hickory, known for their affordability and community feel. Belle Meade and Forest Hills are prestigious areas, offering larger, more historic estates. For those looking for a suburban feel with easy access to Nashville, Brentwood, Franklin, and Hendersonville are excellent choices, known for their family-friendly environments and top-tier schools. Each of these communities adds to the diverse living options available around 37215, making it a prime location for potential homeowners and investors.
In summary, the 37215 zip code in Nashville, TN, presents a vibrant and diverse real estate market, characterized by its competitive home prices, varied architectural styles, and robust educational institutions. The area boasts spacious properties, with a focus on modern amenities and upgrades that cater to a range of lifestyles. With favorable tax rates and a selection of neighboring communities that offer distinct living experiences, 37215 stands out as a desirable location for homebuyers and investors alike.