37209, Nashville, TN

Home Equity and Home Prices in the 37209 Zip Code of Nashville, TN

There is no doubt that home equity and home prices are important considerations for anyone looking to buy or sell a home. In the 37209 zip code of Nashville, TN, both factors are especially important. Here are some key facts about home equity and home prices in this area:

As of September 2017, the median home value in the 37209 zip code was $214,000. This is significantly higher than the national median home value of $177,500. In addition, the average mortgage debt per household in this zip code was $191,200 as of September 2017. This means that homeowners in this area have a considerable amount of equity built up in their homes.

On the other hand, there has been a recent trend towards lower home prices across much of Tennessee. As a result, homeowners who bought homes within the past few years may find that their homes are worth less than they thought when they purchased them. If you're thinking about buying or selling a home in this area, it's important to consult with an experienced real estate agent to get an accurate estimate of your property's current value.