Property Prices in Nashville, TN, United States

Index Info
Price to Income Ratio: 3.68
Mortgage as Percentage of Income: 33.09%
Loan Affordability Index: 3.02
Price to Rent Ratio - City Centre: 7.89
Price to Rent Ratio - Outside of Centre: 9.59
Gross Rental Yield (City Centre): 12.67%
Gross Rental Yield (Outside of Centre): 10.43%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,085.71 $ 1,700.00-2,600.00
Apartment (1 bedroom) Outside of Centre 1,632.19 $ 1,200.00-2,400.00
Apartment (3 bedrooms) in City Centre 3,767.65 $ 2,800.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,581.94 $ 2,000.00-3,500.00
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) 4,632.36 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.55 6.00-6.80

These data are based on 190 entries in the past 18 months from 39 different contributors.
Last update: April 2024

Sources and References
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