Home Values in Nashville, Tennessee — 2026 Market Report
Updated March 2026 | Balanced Market | +4.5% YoY
The median home value in Nashville, Tennessee is $410,000 as of March 2026, which is above the national median of $400,000. Home values in Nashville have increased by 4.5% over the past year and 24.6% over the last five years. With a population of 689,447 and a median household income of $59,828, the price-to-income ratio stands at 6.9x, making Nashville affordable for the average household.
Nashville Housing Market Conditions
| Metric | Nashville | National Avg |
|---|---|---|
| Median Home Value | $410,000 | $400,000 |
| YoY Appreciation | +4.5% | +3.8% |
| 5-Year Appreciation | +24.6% | +22.4% |
| Price per Sq Ft | $121 | $222 |
| Days on Market | 42 days | 45 days |
| Months of Supply | 4.8 | 3.5 |
| List-to-Sale Ratio | 99.3% | 98.5% |
| Monthly Homes Sold | 547 | — |
| Foreclosure Rate | 0.68% | 0.3% |
Home Value Trends in Nashville
A homeowner who purchased at the median price of $329,053 five years ago in Nashville would have gained approximately $80,947 in equity, representing a 24.6% return on investment. Over the past year alone, the typical homeowner gained $17,656 in home equity.
Affordability in Nashville, TN
With a median household income of $59,828 and a median home price of $410,000, the price-to-income ratio in Nashville is 6.9x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,498 compared to estimated monthly ownership costs of $2,174 gives a rent-vs-buy ratio of 0.87. In Nashville, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Nashville
The effective property tax rate in Tennessee is 0.66%. On a home valued at $410,000, the estimated annual property tax bill is $2,706, or approximately $226/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Nashville is 96.3 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Nashville, TN?
The median home value in Nashville, Tennessee is $410,000 as of March 2026. Home values have changed +4.5% over the past year, with a 5-year appreciation of 24.6%.
Is Nashville a buyer's or seller's market?
Nashville is currently a balanced market with 4.8 months of housing supply. Homes spend an average of 42 days on market, and the list-to-sale price ratio is 99.3%. Supply and demand are relatively balanced.
Are home values going up in Nashville?
Yes, home values in Nashville have increased by 4.5% over the past year. The 5-year appreciation rate is 24.6%, meaning a home worth $329,053 five years ago is now worth $410,000.
Is it better to rent or buy in Nashville?
The average monthly rent in Nashville is $2,498, while estimated monthly homeownership costs are approximately $2,174. The price-to-rent ratio is 13.7. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Tennessee Cities
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Disclaimer: Home value data for Nashville, Tennessee is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.