Property Prices in Nashville, TN, United States

Index Info
Price to Income Ratio: 3.79
Mortgage as Percentage of Income: 33.72%
Loan Affordability Index: 2.97
Price to Rent Ratio - City Centre: 8.18
Price to Rent Ratio - Outside of Centre: 9.21
Gross Rental Yield (City Centre): 12.23%
Gross Rental Yield (Outside of Centre): 10.85%
Rent Per Month
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1 Bedroom Apartment in City Centre 1,835.00 $ 1,500.00-2,500.00
1 Bedroom Apartment Outside of City Centre 1,625.00 $ 1,400.00-1,900.00
3 Bedroom Apartment in City Centre 3,808.33 $ 3,150.00-4,500.00
3 Bedroom Apartment Outside of City Centre 2,740.62 $ 2,200.00-3,300.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 325.19 $ 288.18-340.00
Price per Square Feet to Buy Apartment Outside of Centre 294.85 $ 261.98-310.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,401.96 $
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.43 6.19-6.80

These data are based on 121 entries from 36 contributors over the past 18 months.
Last update: 4 November 2025

Sources and References
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