Nashville appreciation rates and housing market information

Nashville housing market information

With 545,549 people, 242,474 houses or apartments, and a median cost of homes of $192,778, Nashville real estate is some of the most expensive in Tennessee, although Nashville home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Nashville, accounting for 51.76% of the town's housing units. Other types of housing that are prevalent in Nashville include large apartment complexes or high rise apartments (29.21%), duplexes, homes converted to apartments, or other small apartment buildings (10.29%), row houses and other attached homes (7.08%), and a few mobile homes or trailers (1.65%).

People in Nashville primarily live in small (one, two, or no bedroom) single-family detached homes. Nashville has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Nashville built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Nashville built from 1940-1969 (37.31%). A lesser amount of the housing stock also hails from 1995 and later (9.36%), and some were built from 1939 and earlier (9.36%).

Nashville home appreciation rates

Nashville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Nashville during the period has been just 5.09%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Nashville home appreciation rates, at -0.09%, have been at or slightly above the national average. In the latest quarter, Nashville's appreciation rate has been -0.80%, which annualizes to a rate of -3.20%.

Notably, Nashville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Tennessee, our data show that Nashville's latest annual appreciation rate is higher than 5% of the other cities and towns in Tennessee.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Nashville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Nashville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Nashville real estate investment or home purchase decisions.