Property Prices in Nashville, TN, United States

Index Info
Price to Income Ratio: 3.66
Mortgage as Percentage of Income: 32.94%
Loan Affordability Index: 3.04
Price to Rent Ratio - City Centre: 8.01
Price to Rent Ratio - Outside of Centre: 9.53
Gross Rental Yield (City Centre): 12.48%
Gross Rental Yield (Outside of Centre): 10.50%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,075.59 $ 1,700.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,634.58 $ 1,400.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,665.00 $ 2,800.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,617.31 $ 2,100.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 334.28 $ 290.00-350.00
Price per Square Feet to Buy Apartment Outside of Centre 300.00 $ 260.03-310.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,661.64 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.57 6.19-6.80

These data are based on 156 entries in the past 18 months from 36 different contributors.
Last update: December 2024

Sources and References
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