Nashville, TN
Davidson County · Pop. 678,448
Ranked #152 of 243 cities
34Crisis
Median Home Price
🏠$420K
4.5% YoY
Median Rent
🔑$1,700
3.5% YoY
Median Income
💰$62K
Rent Burden
📊34.0%
% of income to rent
Income to Buy
🏦$121K
annual income needed
Income to Rent
📝$68K
annual income needed
Price-to-Income
⚖️6.8x
Homeownership
🏡52.0%
Rent vs. Buy
Buy
$2,235/mo
Est. mortgage (7%, 20% down)
Need $121K/yr income
Rent
$1,700/mo
Median rent
Need $68K/yr income
How Nashville Compares
| Metric | Nashville | Tennessee | National |
|---|---|---|---|
| Home Price | $420K | $307K | $410K |
| Rent | $1,700 | $1,214 | $1,500 |
| Income | $62K | $68K | $75K |
| Rent Burden | 34.0% | 30.5% | 30.0% |
Key Takeaways
- • Home prices in Nashville are 2% higher than the national average.
- • Rent is 13% higher than the national average.
- • You need an income of $121K to comfortably buy a home here.
- • The homeownership rate is 52.0%, compared to 65.0% nationally.