United States · North America · Population: 680,000
Nashville is relatively affordable for homebuyers, with steady growth in property values. The city has above-average rental costs. At $420,000 average home price in United States, buyers should consider the 6.0x price-to-income ratio when planning a purchase.
| Average Home Price | $420,000 |
| Price per sqm | $4,200 |
| Price-to-Income Ratio | 6.0x |
| Mortgage Rate | 6.8% |
| 1-Year Price Change | +3.2% |
| 1-Bedroom Apartment | $1,600/mo |
| 3-Bedroom Apartment | $2,500/mo |
| Rent-to-Income Ratio | 23% |
| Median Household Income | $70,000/year |
| Years to Buy (at median income) | 6.0 years |
| Local Currency | USD |
With a price-to-income ratio of 6.0x, Nashville offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 3.2% in the past year.
Cities worldwide with home prices closest to Nashville
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