Housing market report · Tennessee

Nashville, TN housing market report

Updated 2026-08-03

Median home value: $409,600
Median household income: $85,447
Median gross rent: $1,528/mo
Owner-occupied households: 65.2%
Metro population: 2,079,596
30-yr mortgage rate (national): 6.66%

The metro's median home value is $409,600 against a median household income of $85,447 (Census ACS 2020-2024). 65.2% of households own their homes, and the median gross rent is $1,528 per month.

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If you're buying in Nashville

At the current national average 30-year rate of 6.66%, buying at the metro's median value ($409,600) with 20% down works out to roughly $2,106 per month in principal and interest, before taxes and insurance.
The median home value here is about 4.8x the median household income.

If you're selling in Nashville

The metro's median gross rent is $1,528 per month - one reference point if you are weighing a sale against renting the home out.
65.2% of households in the metro own their homes.

Own a home in Nashville?

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