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Nashville Rents Leveling Off, Home Prices Up, Zillow Says

Posted: 6:36 AM, Sep 20, 2018
Updated: 2018-09-20 07:48:24-04
Nashville Rents Leveling Off, Home Prices Up

Nashville is on the rise and the cost to live here is more expensive than in other cities of its size and larger, according to a new report from Zillow. However, it's costing slightly less to rent in Music City than it did this time last year. 

The median rent and home price in the nation's 35 largest housing markets is lower than what it is in Nashville.

The median monthly rent payment in Nashville is about $40 more than what it is in other cities close to Nashville's size – that number is $1,491. 

In the past year, nationwide, the median rent figure fell in 19 of the largest 35 largest market. That included Nashville, where the median rent went down only about $10.

The median U.S. home price is $216,700, but in Nashville it's about $245,000.

The median home price in Nashville is helping the median home price in the country go up. Nashville's price year-to-year rose 8.6 percent. 

At its peak three-years-ago, Nashville's median rent was rising almost 10 percent a year.   

Click here for more information from Zillow.