Nashville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Nashville, NC Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Nashville Housing Market Information

With a population of 5,487, 2,440 total housing units (homes and apartments), and a median house value of $140,520, house prices in Nashville are solidly below the national average.

Single-family detached homes are the single most common housing type in Nashville, accounting for 75.22% of the town's housing units. Other types of housing that are prevalent in Nashville include duplexes, homes converted to apartments or other small apartment buildings ( 12.70%), large apartment complexes or high rise apartments ( 7.12%), and a few mobile homes or trailers ( 2.72%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nashville. Owner-occupied housing accounts for 67.83% of Nashville's homes, and 58.01% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Nashville built from 1970 to 1999 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 between 1940-1969 ( 22.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.57%). There's also some housing in Nashville built before 1939 ( 5.40%).

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 -0.31%, which is lower than 80% of US communities.

Over the last year, Nashville appreciation rates have trailed the rest of the nation. In the last twelve months, Nashville's appreciation rate has been 1.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Nashville were at -2.12%, which equates to an annual appreciation rate of -8.20%.

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

Relative to North Carolina, our data show that Nashville's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$140,520

Nashville, NC HOME PRICES

Value Range
> $1,035,000 0.0
$777,001 - $1,035,000 0.0
$518,001 - $777,000 0.0
$414,001 - $518,000 0.0
$310,001 - $414,000 3.0
$207,001 - $310,000 14.6
$104,001 - $207,000 44.3
$52,001 - $104,000 32.8
$0 - $52,000 5.3

Average for NC
Low for Nation

Value Relative to Nation Value Relative to State
61.0861313868613 58.5144927536232

Number Of Homes And Apartments:
2,440

Nashville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
14.94% 0.73%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$914 / per month

Homeownership Rate

Homeownership
Owners 67.83
Renters 32.17
Vacant 9.09

Housing Market Details

 

Age of Homes

AGE OF Nashville HOMES
2000 or Newer 21.6
1970 - 1999 50.3
1940 - 1969 22.7
1939 or Older 5.4

Types of Homes

TYPE OF Nashville HOMES
Single-Family 75.2
Townhomes 2.2
Small Apt. Buildings 12.7
Apt. Complexes 7.1
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Nashville HOMES
No Bedroom 3.65
1 Bedroom 10.99
2 Bedrooms 24.29
3 Bedrooms 51.53
4 Bedrooms 6.48
5 or more bedrooms 3.06

Popular Neighborhoods in Nashville

Zip Codes in Nashville, NC