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 Q3 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 5,531 people, 2,440 houses or apartments, and a median cost of homes of $140,280, 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

Homes have actually lost value in Nashville over the last then years, as home values have seen a decline of 2.18% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Nashville home appreciation rates at -2.13%, which equates to an annual appreciation rate of -8.24%.

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 -4.11%, 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 -2.13%, which equates to an annual appreciation rate of -8.24%.

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:
$140,280

Nashville, NC HOME PRICES

Value Range
> $1,034,000 2.4
$775,001 - $1,034,000 0.0
$517,001 - $775,000 0.0
$414,001 - $517,000 0.6
$310,001 - $414,000 4.6
$207,001 - $310,000 16.7
$104,001 - $207,000 42.6
$52,001 - $104,000 26.6
$0 - $52,000 6.6

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
62.9839416058394 62.1376811594203

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:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
14.74% 0.70%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$921 / 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