Nashville - TN housing market
The Nashville metro has a typical home value of $452,186, down 0.6% from a year ago. Homes sell in 34 days on average, a balanced market. 34% of listings have had a price cut. Data from Zillow Research, updated monthly.
Nashville housing market, October 2026
The typical Nashville home is worth $452,186 as of August 2026, up 0.0% from the prior month, down 0.2% over three months, and down 0.6% from a year ago. Over the past two years values have ranged from $452,005 to $458,404.
Homes are going pending in about 34 days, slower than the 22 days seen three months earlier. There are roughly 11,840 homes for sale, 9% more than a year ago. 33.7% of listings have taken a price cut (up from 30.3% three months ago).
Typical rent is $1,813 a month, up 0.9% year over year, which puts the price-to-rent ratio at 20.8.
At this week's 7.40% mortgage rate with 20% down ($90,437), the typical Nashville home costs about $3,070 a month including tax and insurance, which needs a household income of roughly $131,600 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($452,186) is the Zillow Home Value Index for the Nashville - TN metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 0.6% over the past year. A home worth $454,915 last year is now worth roughly $452,186.
The median sale price, what homes actually close for, is $459,469. Homes are selling at 97.9% of list price, meaning buyers have room to negotiate.
Homes listed in Nashville - TN sit on the market for roughly 34 days before going pending. Shorter = seller's market; longer = buyer's market.
About 33.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 2,906 new listings hit the market each month in Nashville - TN. There are currently 11,840 homes for sale, up 9.0% from a year ago.
The typical monthly rent in Nashville - TN is $1,813, up 0.9% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 20.8x, renting territory (#41 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,505 a month in principal and interest, $692 more than renting before taxes, insurance and upkeep. The two break even at a 4.41% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in TN
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Memphis - TN | $244,737 | +0.1% | 33.0d |
| Knoxville - TN | $364,988 | +2.0% | 22.0d |
| Chattanooga - TN | $322,958 | -0.2% | 31.0d |
| Clarksville - TN | $291,739 | +0.1% | 32.0d |
| Kingsport - TN | $246,243 | +1.3% | 20.0d |