Nashville-Davidson metropolitan government (balance): Housing & Real Estate
$413,600 is the median home value in Nashville-Davidson metropolitan government (balance) (estimated market value runs 20% higher at $495,009), with median rent $1,586 (about the same as Davidson County median $1,582; 1.3× higher than Tennessee median $1,189). Homeownership rate: 52.4%. That's about the same as the Davidson County median ($417,400); 1.4× higher than the Tennessee median ($286,700). Market is warm. Vacancy rate 8.9%. New construction makes up 21.5% of stock. A municipal building code is in effect.
- 5.3× annual income — home value vs. household income (vs Tennessee 4.1×).
- 21.7 years to break even renting at the median (vs Tennessee 19y).
- 4-BR rent is 1.8× a studio — rent gradient by unit size.
- Median rent 8% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $413,600 — 1.5× the Tennessee median ($277,100). Median rent $1,586/month. homeownership rate 52.4% — below the U.S. share of ~65%.
| Affordability · Home Price To Income | 5.3× |
|---|---|
| Affordability · Home Affordability | expensive |
| Affordability · Rent Pct Income | 23.0% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 43.4% |
| Affordability · Poverty Rate | 14.1% |
| Affordability · Property Tax Pct Income | 3.2% |
| Fair Market Rent · Studio rent | $1,507 (vs Tennessee $1,131) |
| Fair Market Rent · One-bedroom rent | $1,578 (vs Tennessee $1,154) |
| Fair Market Rent · Two-bedroom rent | $1,730 (vs Tennessee $1,349) |
| Fair Market Rent · Three-bedroom rent | $2,211 (vs Tennessee $1,734) |
| Fair Market Rent · Four-bedroom rent | $2,696 (vs Tennessee $1,959) |
| Fair Market Rent · HUD FMR area | Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $495,009 |
| Median Home Value | $413,600 (vs Tennessee $277,100) |
| Median Rent | $1,586 (vs Tennessee $1,191) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 8.9% |
| Housing Market · New construction (% of stock) | 21.5% |
| Housing Market · Price Appreciation 2Yr | 8.0% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Tennessee median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Tennessee median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Tennessee median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 90.0% (at Tennessee median) |
| Broadband · Broadband-capable premises | 408,564 |
| Electricity · Electricity rate (¢/kWh) | 12.42¢/kWh |
| Electricity · Customers | 3166103 |
| Electricity · Revenue Millions | $5,445 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 0.996762988 (at Tennessee median) |
| Mobile Broadband · 5G mobile coverage | 0.951681667 (vs Tennessee 99.8%) |
| Mobile Home Parks Detail · County total | 17 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 52.4% (at Tennessee median) |
|---|---|
| Median Year Built | 1987 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12