Nashville housing market
Typical home value
$449K
▼ 0.5% 1 yr
Typical rent
$1,803/mo
▲ 1.2% 1 yr
12-month forecast
+0.2%
#450 of 546 metros
Gross rent yield
4.8%
#430 of 546 · U.S. 6.3%
Days to pending
64 days
▲ +6 days 1 yr
Listings with a price cut
34%
▲ +0.1 pts 1 yr
Key takeaways
- 1The typical home is worth $448,896, down 0.5% in a year and up 19% over five years.
- 2Zillow forecasts home values rising 0.2% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,803/mo (+1.2% YoY), a 4.8% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,467/mo in principal and interest, $664 more than renting.
- 5Homes go under contract in 64 days (+6 days vs last year); 34% of listings have had a price cut.
Market temperature
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 19/100, #536 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Nashville compares
| Measure | Nashville | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −0.5% | +1.2% | #482 |
| Home value, 5-yr change | +18.9% | +19.7% | |
| 12-month forecast | +0.2% | +1.1% | #450 |
| Rent, 1-yr change | +1.2% | +2.7% | #463 |
| Gross rent yield | 4.8% | 6.3% | #430 |
| Price-to-rent ratio | 20.7 | 15.8 | |
| Mortgage P&I on typical home | $2,467 | $2,012 | |
| Income needed to buy | $117,085 | $100,902 | |
| Days to pending | 64 | 56 |
Cities in the Nashville metro
16 cities with home value and rent data.
| Nashville | $426K | ▼ 2.5% | $1,820 | ▲ 0.9% | 5.1% |
| Murfreesboro | $424K | ▼ 0.5% | $1,679 | ▲ 2.1% | 4.7% |
| Franklin | $913K | ▲ 3.0% | $2,038 | ▲ 0.8% | 2.7% |
| Hendersonville | $515K | ▲ 0.6% | $1,651 | ▲ 1.9% | 3.8% |
| Lebanon | $442K | ▲ 1.2% | $1,613 | ▲ 1.9% | 4.4% |
| Columbia | $369K | ▲ 0.9% | $1,584 | ▲ 2.9% | 5.1% |
| Mount Juliet | $557K | ▲ 0.6% | $2,124 | ▲ 2.6% | 4.6% |
| Smyrna | $401K | ▼ 0.8% | $1,712 | ▲ 2.4% | 5.1% |
| Gallatin | $436K | ▲ 0.6% | $1,719 | ▲ 1.1% | 4.7% |
| Spring Hill | $519K | ▲ 0.4% | $1,966 | ▲ 2.2% | 4.5% |
| Brentwood | $1.39M | ▲ 4.1% | $1,960 | ▼ 0.3% | 1.7% |
| La Vergne | $346K | ▼ 1.7% | $1,962 | ▼ 1.2% | 6.8% |
| Springfield | $330K | ▲ 0.4% | $1,534 | ▼ 1.4% | 5.6% |
| Goodlettsville | $385K | ▼ 1.4% | $1,674 | ▲ 0.2% | 5.2% |
| Ashland City | $350K | ▲ 1.0% | $1,626 | ▲ 1.0% | 5.6% |
| Thompsons Station | $728K | ▲ 1.4% | $2,214 | ▼ 0.3% | 3.6% |
Run the numbers
Rental property calculator
Cash flow on a typical Nashville rental ($449K, $1,803/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Nashville home.
Rent vs buy
Is it cheaper to rent or buy in Nashville?
Other Tennessee metros
Memphis, TN
$242K home$1,393 rent6.9% yield
▲ 0.1% 1 yr
Knoxville, TN
$363K home$1,725 rent5.7% yield
▲ 1.9% 1 yr
Chattanooga, TN
$319K home$1,509 rent5.7% yield
▼ 0.3% 1 yr
Clarksville, TN
$289K home$1,343 rent5.6% yield
▲ 0.2% 1 yr
Kingsport, TN
$243K home$1,330 rent6.6% yield
▲ 1.1% 1 yr
Johnson City, TN
$280K home$1,488 rent6.4% yield
▲ 1.4% 1 yr
Jackson, TN
$202K home$1,393 rent8.3% yield
▲ 0.7% 1 yr
Morristown, TN
$297K home$1,560 rent6.3% yield
▲ 2.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.