Property Prices in Nashville, TN, United States

Index Info
Price to Income Ratio: 3.86
Mortgage as Percentage of Income: 31.69%
Loan Affordability Index: 3.16
Price to Rent Ratio - City Centre: 9.93
Price to Rent Ratio - Outside of Centre: 8.12
Gross Rental Yield (City Centre): 10.07%
Gross Rental Yield (Outside of Centre): 12.31%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,073.68 $ 1,500.00-2,800.00
Apartment (1 bedroom) Outside of Centre 1,541.58 $ 1,200.00-2,200.00
Apartment (3 bedrooms) in City Centre 3,733.33 $ 2,500.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,494.74 $ 1,900.00-3,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 417.62 $ 300.00-649.99
Price per Square Feet to Buy Apartment Outside of Centre 242.22 $ 200.00-275.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,599.80 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.43 3.50-6.00

These data are based on 165 entries in the past 18 months from 29 different contributors.
Last update: May 2023

Sources and References
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