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Housing market/Tennessee/ZIP 37217

ACS 2023 · FY2027 SAFMR

ZIP 37217 Nashville, Tennessee

Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area · Tennessee. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
31,440
Households
12,618
Median HH income
$61,529
Renter share
55.1%
Median gross rent
$1,313
Vacancy
10.9%
Pop. change
+0.7%
2BR SAFMR
$1,860
SAFMR / rent
1.417×
2–49 unit stock
5,317
LIHTC proj / units
4 / 361
HUD assisted MF
2 / 235

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 37217 · TN — sent to you.

ZIP 37217 · TN

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ACS rent vs 2BR SAFMR

ZIP 37217 — Nashville, TN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,313
2BR SAFMR$1,860
90% floor$1,674
110% ceiling$2,046

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 37217

  • 1-unit detached5,23036.9%
  • 1-unit attached2,06714.6%
  • 2–4 units8385.9%
  • 5–49 units4,47931.6%
  • 50+ units1,53110.8%
  • Mobile220.2%
TypeUnitsShare
1-unit detached5,23036.9%
1-unit attached2,06714.6%
2 units (duplex)4162.9%
3–4 units4223.0%
5–9 units1,44410.2%
10–19 units1,85713.1%
20–49 units1,1788.3%
50+ units1,53110.8%
Mobile220.2%

2–4 unit share 5.9% · 5–49 unit share 31.6% · combined 2–49 37.5%.

Units by bedrooms

Studio
438
1BR
2,624
2BR
5,076
3BR
4,688
4BR
1,090
5+
252

Rent burden

Rent ≥30% of income46.8%
Rent ≥50% of income21.2%
  • ACS median gross rent $1,313 (all bedrooms, occupied rentals).
  • Median contract rent $1,148.
  • Renters paying ≥30% of income 46.8%; ≥50% 21.2%.
  • FY2027 2BR SAFMR $1,860 (1.417× ACS median gross rent).

Population

31,440 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +0.7%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 4 projects, 361 units.
  • HUD project-based assisted MF: 2 properties, 235 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 2,876 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 37217 55.1% of occupied households are renters; vacancy is 10.9%; ACS median gross rent is $1,313; population increased +0.7% between the 2018 and 2023 ACS vintages; the housing stock includes 838 units in 2–4-unit structures and 4,479 units in 5–49-unit structures; 4 LIHTC projects totaling 361 units; FY2027 2BR SAFMR is $1,860 versus ACS median gross rent of $1,313. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Tennessee research

ZIP 37217 is a Census / HUD profile for Nashville-Davidson--Murfreesboro--Franklin, TN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 37217 — Nashville, TN HUD Section 8 Payment Standards / SAFMR·Tennessee ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
37010Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area5.1%$970$1,23037011Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area——$1,84037013Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area45.8%$1,450$1,92037014Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area0.0%—$2,32037015Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area21.7%$1,244$1,54037016Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area14.6%$1,105$1,35037024Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area——$1,84037027Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area17.3%$2,141$2,50037029Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area7.5%$916$1,21037031Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area7.1%$1,005$1,35037032Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area15.4%$1,075$1,24037035Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area12.2%—$1,570

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Tennessee research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 37217?

ZIP 37217 (Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area) has 31,440 residents, 12,618 households, a renter share of 55.1%, median household income of $61,529, and ACS 2023 median gross rent of $1,313. Vacancy is 10.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 37217?

ACS counts 416 units in 2-unit buildings, 422 in 3–4 unit buildings, 1,444 in 5–9, 1,857 in 10–19, and 1,178 in 20–49. Combined 2–49 unit stock is 5,317 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 37217?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,860. See the full schedule and 90–110% payment-standard band on the ZIP 37217 — Nashville, TN HUD Section 8 Payment Standards / SAFMR.

Does this Tennessee ZIP profile include Georgia listings?

No. ZIP 37217 is Census / HUD research for Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area. Jeff Crowe CRE does not list Tennessee property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.