Nashville TN Real Estate - Homes for Sale in Nashville TN (2024)

FAQs

Are housing prices going down in Nashville TN? ›

The Nashville, TN, housing market is seeing dynamic changes. As mentioned, in October 2023, Nashville's home prices were down, selling for a median price of $575k. However, the median sold price in November 2023 was $516,211. Showing a slight decrease.

For example, the monthly estimated expenditure for a family of four living in Nashville requires a monthly income of $6,602, which translates to an average annual income of $79,228.

The cost of living in Nashville, TN is higher than the national average. However, the city's low taxes and below-average housing costs help to balance out this difference.

2022 Nashville Real Estate Trends

If you're looking to buy a house in Nashville, you'll be in good company. The metropolitan Nashville region has seen an influx of new residents within the past decade, drawn by factors like the temperate climate, low cost of living, thriving job market, and lack of state income tax.

Nashville's vibrant culture, growing job market, and diverse neighborhoods offer appealing options for both renters and buyers. While buying a home can be a significant long-term investment, renting offers flexibility and less financial burden upfront.

The problem, experts agree, is the extreme shortage of housing in Nashville, especially in comparison to the rise in population of the Middle Tennessee region. According to the Metro Planning Department, Nashville needs to gain 5,000 units of housing per year until 2030 to keep pace with the growth of the region.

What is the living wage in Nashville? A livable wage in Nashville is estimated to be $15.50 per hour for a single adult with no children. This means that a worker earning $15.50 per hour would be able to afford a modest apartment, food, transportation, and other basic necessities.

Why Should You Retire in Nashville? Nashville offers tax benefits for retirees, including no state income tax on retirement income. Ideal weather, a vibrant music scene, and diverse culinary experiences enhance the quality of life in Nashville.

In 2022, the range was $44,227 and $132,682. Tennessee increased 45.07%. In 2012, a person was considered middle-class if they made between $29,427 and $88,280. In 2022, the range was $42,690 and $128,070.

In addition to lower mortgage and rent prices, Tennessee residents also enjoy low property taxes and no state income tax. Combine that with lower prices on everyday goods and services and it's easy to see why living in Tennessee is so attractive to newcomers.

How much is the average electric bill in Nashville? ›

As of March 2024, Tennessee residents pay an average residential electricity rate of 13.17 ¢/kWh. With an average monthly consumption of 1,188 kWh, the monthly average electric bill comes to around $156.46. That said, if your monthly consumption exceeds this average, you will also find an increase in your monthly bill.

Downtown. Downtown Nashville is the heart of Music City, the hub of honky tonk and where you'll find many of Nashville's music museums and venues. There are plenty of places to eat and drink, as well as to listen to music, and opportunities to get yourself some cowboy boots, or maybe even record a demo!

The best cities in Tennessee include Nashville, Brentwood, Franklin, and Memphis. See what other towns comprise the best places to live in TN.

Compared to East Nashville's eclectic, laid-back charm, West End exudes a distinct vibe. It's more upscale and polished, but also a little gritty and very spirited, with plenty to see, do, and experience. West End features plenty of open space, and the streets are extremely pedestrian-friendly.