Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$448,896−0.5% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$97,311About 1.0× the local median income ($92,957): a stretch for a typical household
Days on market63 daysAbout the same pace as a year ago
Next 12 months+0.2%Zillow expects prices to stay about flat
The typical home in Nashville-Davidson--Murfreesboro--Franklin, TN is worth $448,896, down 0.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $402,815, so the area is 11.4% overvalued. It is a buyer's market: homes take about 63 days to sell, listings are up 12% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 0.2% over the next year. A household needs about $97,311 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $92,957. Typical rent is $1,803 a month, or $2,362 for a house. In the latest IRS figures, 13,425 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$448,896
Change in 1 year
−0.5%
Overvalued %
+11.4%
Show 7 more
Fair home value
$402,815
Change in 5 years
+18.9%
Zillow forecast, next 12 months
+0.2%
Home value to income
4.8×
Monthly mortgage payment (20% down)
$2,433
Income needed to afford it
$97,311
Property tax rate
0.50%
Rent and investing
Typical rent
$1,803
Typical rent for houses
$2,362
Price-to-rent ratio
20.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,755
Gross rental yield
4.82%
Cap rate (estimate)
3.13%
Market activity
Listings vs a year ago
+11.9%
Days on market
63
Listings with a price cut
21.4%
Show 3 more
Homes for sale
12,145
Pending sales per 100 listings
32
Asking price per sq ft
$259
People and jobs
Median household income
$92,957
Population change (1 year)
+1.6%
Unemployment rate
3.6%
Show 4 more
Population
2,197,416
Income adjusted for cost of living
$96,529
Net moves in (IRS)
+13,425
Cost of living (US = 100)
96.3
Schools, risk and environment
School rating (1 to 10)
6.5
FEMA hazard risk score (0 to 100)
84.8
Unhealthy air days a year
1
Show 4 more
Flood risk score
85.7
Wildfire risk score
42.6
Walkability (1 to 20)
7.6
Road, rail and air noise
54 dB
Questions people ask
Is Nashville-Davidson--Murfreesboro--Franklin, TN overvalued?
Home prices in Nashville-Davidson--Murfreesboro--Franklin, TN are well above what local incomes have historically supported: fair value is about $402,815, so the area is 11.4% overvalued.
Is Nashville-Davidson--Murfreesboro--Franklin, TN a buyer's or seller's market?
Nashville-Davidson--Murfreesboro--Franklin, TN is a buyer's market: homes take about 63 days to sell, listings are up 12% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Nashville-Davidson--Murfreesboro--Franklin, TN?
Home values in Nashville-Davidson--Murfreesboro--Franklin, TN are down 0.5% over the last year. Zillow's forecast for the next 12 months is +0.2%.
How much do you need to earn to buy a home in Nashville-Davidson--Murfreesboro--Franklin, TN?
A household needs about $97,311 a year to afford the typical home in Nashville-Davidson--Murfreesboro--Franklin, TN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $92,957.