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Nashville-Davidson metropolitan government (balance)

Learn about the people, housing, costs and businesses in Nashville-Davidson metropolitan government (balance), Tennessee

Median Home$469,272
Median Rent$1,629/month
Population689,911
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality3% professional services
Home Value Growth⬆⬆+15.7% over 2 years
Young Adults39% of residentstop 3% nationally
Homeowners52% of occupied units
NotableAmenity Score80/100 · highly walkable area
NotableHighly Educated29% bachelor's · 12% graduate · top 10% nationally
Nashville-Davidson metropolitan government (balance)
TN

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Frequently Asked Questions

What are today's mortgage rates in Nashville-Davidson metropolitan government (balance)?

Mortgage rates for Nashville-Davidson metropolitan government (balance) are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Nashville-Davidson metropolitan government (balance)
What is the median home price in Nashville-Davidson metropolitan government (balance)?

The median home value in Nashville-Davidson metropolitan government (balance) is $469k. The median monthly rent is $1,629. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nashville-Davidson metropolitan government (balance)?

Home values in Nashville-Davidson metropolitan government (balance) have increased 15.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Nashville-Davidson metropolitan government (balance)?

Based on a typical all-in ownership cost of $1,575/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nashville-Davidson metropolitan government (balance) is $83k/year.

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What industries drive the economy in Nashville-Davidson metropolitan government (balance)?

The largest employment sectors in Nashville-Davidson metropolitan government (balance) are public administration (24%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.