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Nashville-Davidson--Murfreesboro--Franklin

Learn about the people, housing, costs and businesses in Nashville-Davidson--Murfreesboro--Franklin

Median Home$455,381
Median Rent$1,605/month
Population2,079,596
Leading IndustriesArts, Food & Hospitality · Professional Services · Healthcare9% arts, food & hospitality
Home Value Growth⬆⬆+13.9% over 2 years
Young Adults32% of residentsslightly above average
Homeowners65% of occupied units
NotableHighly Educated26% hold a bachelor's degree · top 11% nationally
NotableHigh Incomes$94k/year · top 19% nationally
Nashville-Davidson--Murfreesboro--Franklin

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Frequently Asked Questions

What are today's mortgage rates in Nashville-Davidson--Murfreesboro--Franklin?

Mortgage rates for Nashville-Davidson--Murfreesboro--Franklin are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Nashville-Davidson--Murfreesboro--Franklin
What is the median home price in Nashville-Davidson--Murfreesboro--Franklin?

The median home value in Nashville-Davidson--Murfreesboro--Franklin is $455k. The median monthly rent is $1,605. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nashville-Davidson--Murfreesboro--Franklin?

Home values in Nashville-Davidson--Murfreesboro--Franklin have increased 13.9% 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-Davidson--Murfreesboro--Franklin?

Based on a typical all-in ownership cost of $1,533/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nashville-Davidson--Murfreesboro--Franklin is $94k/year.

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What industries drive the economy in Nashville-Davidson--Murfreesboro--Franklin?

The largest employment sectors in Nashville-Davidson--Murfreesboro--Franklin are public administration (23%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.