Nashville TN

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Nashville, TN 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Nashville Housing Market Information

With 669,053 people, 268,061 houses or apartments, and a median cost of homes of $264,475, 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 51.67% of the city's housing units. Other types of housing that are prevalent in Nashville include large apartment complexes or high rise apartments ( 30.73%), duplexes, homes converted to apartments or other small apartment buildings ( 8.66%), and a few row houses and other attached homes ( 7.41%).

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 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 ( 28.52%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.19%). There's also some housing in Nashville built before 1939 ( 6.21%).

Nashville Home Appreciation Rates

In the last 10 years, Nashville has experienced some of the highest home appreciation rates of any community in the nation. Nashville real estate appreciated 85.48% over the last ten years, which is an average annual home appreciation rate of 6.37%, putting Nashville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Nashville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Nashville's appreciation rate, at 5.19%, has been at or slightly above the national average. In the latest quarter, Nashville's appreciation rate has been 1.52%, which annualizes to a rate of 6.21%.

Importantly, this makes Nashville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Tennessee, our data show that Nashville's latest annual appreciation rate is lower than 70% 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 city. 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 2000, to assist you in making the best Nashville real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,348,000 1.5
$1,011,001 - $1,348,000 2.1
$674,001 - $1,011,000 5.5
$539,001 - $674,000 5.5
$405,001 - $539,000 11.9
$270,001 - $405,000 23.9
$135,001 - $270,000 38.9
$68,001 - $135,000 7.9
$0 - $68,000 2.8

Very High for TN
High for Nation

Value Relative to Nation Value Relative to State
26.621897810219 9.94897959183673

Number Of Homes And Apartments:

Nashville Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
134.56% 4.25%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,509 / per month

Homeownership Rate

Owners 51.97
Renters 48.03
Vacant 9.21

Housing Market Details


Age of Homes

AGE OF Nashville HOMES
2000 or Newer 22.2
1970 - 1999 43.1
1940 - 1969 28.5
1939 or Older 6.2

Types of Homes

Single-Family 51.7
Townhomes 7.4
Small Apt. Buildings 8.7
Apt. Complexes 30.7
Mobile Homes 1.5
Other 0.1

Home Size

No Bedroom 2.52
1 Bedroom 14.83
2 Bedrooms 31.69
3 Bedrooms 36.87
4 Bedrooms 11.86
5 or more bedrooms 2.23