37020 — Rutherford County, Tennessee Market Snapshot
Housing market data for zip code 37020 in Rutherford County, Tennessee. Updated monthly with median prices, days on market, and more.
Market Sales Data
22 sales in 2026 (year to date)
Median Sale Price
$492,000
Days to Sell
67
Homes Sold
22
Inventory
45
Sale-to-List
97.1%
New Listings
28
Price/SqFt
$240
Pending Sales
29
Conforming Loan Available
Most homebuyers in 37020 can comfortably use conventional financing. The median home price of $492,000 is well below the 2026 conforming loan limit of $1,029,250, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 67 days on average, 37020 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 37020 sells for 2.9% below asking price (97.1% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 37020 can comfortably use conventional financing. The median home price of $492,000 is well below the 2026 conforming loan limit of $1,029,250, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 37020 are set at the county level.
2026 Loan Limits — Rutherford County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,029,250 | $1,029,250 |
| 2 Units | $1,317,650 | $1,317,650 |
| 3 Units | $1,592,700 | $1,592,700 |
| 4 Units | $1,979,350 | $1,979,350 |
Affordability Snapshot — Zip 37020
To purchase the median home at $492,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,920.
Monthly Payment
$3,920
Income Required
$167,981
Principal & Interest
$3,032/mo
Down Payment (5%)
$24,600
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 37020.
Estimated Monthly Payment
$3,195
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