Property Prices in Nashville, TN, United States

Index Info
Price to Income Ratio: 3.64
Mortgage as Percentage of Income: 32.85%
Loan Affordability Index: 3.04
Price to Rent Ratio - City Centre: 7.92
Price to Rent Ratio - Outside of Centre: 9.00
Gross Rental Yield (City Centre): 12.63%
Gross Rental Yield (Outside of Centre): 11.11%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,925.67 $ 1,500.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,601.50 $ 1,400.00-2,400.00
Apartment (3 bedrooms) in City Centre 3,756.25 $ 3,000.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,847.73 $ 2,200.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 320.79 $ 288.18-350.00
Price per Square Feet to Buy Apartment Outside of Centre 290.50 $ 260.03-310.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,515.09 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.60 6.19-6.80

These data are based on 146 entries in the past 18 months from 37 different contributors.
Last update: March 2025

Sources and References
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