Nashville
Tennessee · Ranked #333 of 373 metros
38Crisis
💡
Housing in Nashville costs 5.16× the median income, above the national average of 4.5×. The median home price is $437K and median rent is $1,566/month. Nashville ranks #333 of 373 metros for affordability.
Median Home Price
🏠$437K
Need $126K income
Median Rent
🔑$1,566
Need $64K income
Housing Shortage
📉40,000
units needed
Building Permits
🔨22,000
annual
Median Income
💰$85K
Pop: 1,989,519
Rent Burden
⚠️33.0%
of renters paying >30%
Price Change (YoY)
📈+3.2%
Homeownership
🏡65.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Nashville | National |
|---|---|---|
| Price-to-Income Ratio | 5.16x | 6.1x |
| Rent Burden | 33.0% | 31.5% |
| Homeownership Rate | 65.0% | 65.5% |
| YoY Price Change | +3.2% | +3.5% |
| YoY Rent Change | +1.8% | +2.8% |
| Mortgage Denial Rate | 13.0% | 13.5% |
| Eviction Rate | 5.5% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +69.2%Since 2000: +267.6%
Zillow Market Data
Home Value (ZHVI)
$447K
1yr: -0.7%5yr: +34.8%
Rent (ZORI)
$1,777/mo
1yr: +0.2%5yr: +25.2%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$490K
Active Inventory
8,447
Days on Market
94
Sold Above List
12.7%
Price Drops
19.6%