House Charts

Nashville Housing Market: Home Prices & Rent

Updated September 2026 data · metro area
Nashville home values are down 0.5% over the past year, to a typical $449k - 2% below the August 2022 peak. Typical rent is $1,803 a month (+1.2% in a year).
Typical home value
$449k
-0.5% (-$2,474) in 12 months
From the peak
-2%
Peak $459k, Aug 2022
Since Dec 2019
+49%
from $302k
Typical rent
$1,803/mo
+1.2% in 12 months
Income needed to buy
$117k/yr
20% down, 30% of income
Days to go under contract
64
September 2026

Nashville home values since 2000

$200k$300k$400k2000200420082012201620202024Peak $459k (Aug 2022)Now $449k

Last few years

$300k$350k$400k$450k20192020202120222023202420252026Peak $459k (Aug 2022)Now $449k

Rent in Nashville

$1,200$1,400$1,600$1,800201520172019202120232025Now $1,803

Owning vs renting, monthly

Buying the typical Nashville home with 20% down at this week's 7.32% 30-year rate costs about $3,028/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,803/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

Nashville vs Tennessee vs the U.S.

Typical home12-month changeTypical rent
This metro$449k-0.5%$1,803/mo
Tennessee$331k+0.6%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in Nashville?

Yes - the typical Nashville-area home value is down 0.5% over the past 12 months, at $449k (September 2026). Values are 2% below their August 2022 peak of $459k.

Is the Nashville housing market crashing?

Home values are 2% below their August 2022 peak and down 0.5% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in Nashville?

Typical rent in the Nashville metro is $1,803 a month (September 2026), +1.2% over 12 months.

How much income do you need to buy a home in Nashville?

About $117k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).

Nearby and similar metros

Memphis, TN · Knoxville, TN · Chattanooga, TN · Colorado Springs, CO · Madison, WI · Phoenix, AZ · Charleston, SC

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Nashville, TN metro area. How we calculate.