Nashville
Tennessee · Ranked #66 of 102 metros
38Crisis
Median Home Price
🏠$440K
Need $126K income
Median Rent
🔑$2K
Need $64K income
Housing Shortage
📉40,000
units needed
Building Permits
🔨22,000
annual
Median Income
💰$67K
Pop: 1,989,519
Rent Burden
⚠️33.0%
of renters paying >30%
Price Change (YoY)
📈+3.2%
Homeownership
🏡63.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Nashville | National |
|---|---|---|
| Price-to-Income Ratio | 6.6x | 6.1x |
| Rent Burden | 33.0% | 31.5% |
| Homeownership Rate | 63.0% | 65.5% |
| YoY Price Change | +3.2% | +3.5% |
| YoY Rent Change | +1.8% | +2.8% |
| Mortgage Denial Rate | 13.0% | 13.5% |
| Eviction Rate | 5.5% | 3.6% |