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Nashville

Learn about the people, housing, costs and businesses in Nashville, Illinois

Median Home$153,558
Median Rent$822/month
Population2,938
Leading IndustriesTransportation · Education5% transportation
Home Value Growth⬆⬆+12.8% over 2 years
Retirees25% of residentsabove average nationally
Homeowners74% of occupied units
NotableAffordable Market$154k median home · lower cost than 73% of the country
Nashville
IL

Frequently Asked Questions

What are today's mortgage rates in Nashville?

As of today, the 30-year fixed mortgage rate for Nashville is approximately 7.339% (7.356% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Nashville?

The median home value in Nashville is $154k. The median monthly rent is $822. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nashville?

Home values in Nashville have increased 12.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

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

Based on a typical all-in ownership cost of $849/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nashville is $64k/year.

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What industries drive the economy in Nashville?

The largest employment sectors in Nashville are public administration (19%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.