The Investor Agent Nashville Market Report

NASHVILLE

Nashville pairs top-tier population and job growth, including one of the lowest unemployment rates among the 50+ largest U.S. metros.

Data as of July 5, 2026 · MLS: June 2026 (Realtracs) · Updated monthly
2.1M+
Metro population
U.S. Census
+6.4%
Metro growth 2020–24 (U.S.: +2.6%)
Census/Axios
~2.5%
Unemployment (U.S.: 3.9%)
BLS, Apr 2026, NSA
$660K
Median SF sale, +6% YoY
Realtracs MLS, Jun 2026
0%
TN state income tax
Structural advantage

Live Market Pulse

Realtracs MLS · Single Family · Nashville · June 2026
Average sale price$946,020▲ 8%
Median sale price$660,000▲ 6%
Avg days on market (closed)25▼ 14%
Closings583▲ 8%
New listings832▼ 27%
Months of supply4.62▼ 8%

Closing faster, at higher prices, as new supply falls 27%.

Average Sale Price — June, 3-Year Trend

Realtracs MLS · Single Family · Nashville, TN

$823.7KJun 2024
$878.8KJun 2025
$946.0KJun 2026

Up +14.8% in two years; ≈+42% since Jun 2021 (≈$665K).

The skeptical read — and why it favors investors

Metro-wide, Nashville is one of the strongest buyer's markets in the country — sellers outnumber buyers ~119% (Redfin), second only to Miami — and new apartment supply has kept city rents flat for now. Translation: negotiating leverage, seller concessions, and selection — while the single-family segment keeps appreciating and long-term demand drivers stay intact. Buy the leverage; hold the growth.

Jobs Snapshot

BLS · 2026
~1.2M
Nonfarm jobs, metro
BLS CES, Apr 2026
#2
Metro job growth, yr to Nov '25
BLS
#2
Of 100 metros: jobs + income
Checkr, 2025

Population Growth 2020–2024

Metro vs. U.S. · +136,000 net new residents

Nashville metro+6.4%
United States+2.6%

New Residents 2024→2025

U.S. Census · Davidson = fastest-growing TN county

Davidson+9,281
Rutherford+6,266
Wilson+4,693
Williamson+3,575
Sumner+3,357

Industries & Anchor Employers

Diversified base
Healthcare — the U.S. healthcare-industry capital
Music, entertainment & tourism — the global brand
Technology — Oracle campus, Amazon ops hub
Finance — AllianceBernstein HQ relocated from NYC
Manufacturing & logistics — Nissan HQ; Meta data center
Government & education — capital + universities

No single-industry dependence: healthcare and government provide recession ballast; tech and finance relocations deepen the high-income renter and buyer pool.

Vanderbilt UMC~40,000 employees; region's largest
HCA HealthcareFortune 100, Nashville HQ
State of Tennessee~26,000 employees
Nissan North AmericaU.S. HQ, Franklin
OracleEast Bank tech campus
AmazonOperations Center
AllianceBernsteinGlobal HQ, ex-NYC
Bridgestone AmericasAmericas HQ

Nashville vs. Growth-Market Peers

Redfin · 3 mo. ending May 2026
MarketMedian Sale PriceYoY$/Sq FtGrowth Signal
★ Nashville, TN$475,000+0.5%$276#2 job growth; #2 luxury demand
Austin, TX$542,000−2.3%$320Slowest major market
Dallas, TX$499,000+9.8%Steady expansion
Phoenix, AZ$464,000+0.9%$279#2 most-searched destination
Las Vegas, NV$450,000−0.1%+2.1% jobs (top 3)
Tampa, FL$443,000−1.4%$298Luxury-led
Raleigh, NC$437,000*−2.2%+2.2% jobs (#1)
Charlotte, NC$435,000+2.3%$246#1 metro job growth
Orlando, FL$410,000−2.0%$254#1 most-searched destination
Jacksonville, FL$300,000−0.1%Logistics/healthcare-led
United States$398,771+2.0%National reference

*Raleigh: Zillow home value. Nashville's SF-only MLS median ($660K) runs higher as it excludes condos/townhomes. TN is a top-5 move-to state; Nashville is #2 nationwide in luxury pending-sales growth (+24.5% YoY).

Why Invest Now

Four takeaways
01Growth without Austin's hangover

Nashville held (+0.5%) while Austin fell 2.3% as the nation's slowest market. The Sun Belt boom, softer landing.

02Buyer leverage, seller urgency

Sellers outnumber buyers ~2:1 — concessions, buydowns, below-list deals in a top-5 in-migration market.

03Income tailwind, tax advantage

#2 for job growth + income, ~2.5% unemployment, zero state income tax — a deepening renter and buyer pool.

04Supply is already tightening

New listings down 27% YoY, supply falling. When supply thins as absorption rises, the window narrows.

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Sources: Realtracs MLS (Jun 2026) · Redfin (May 2026) · Zillow · U.S. BLS · U.S. Census · Checkr 2025. Informational only; not investment, legal, or tax advice. Past performance doesn't guarantee future results. Andreas Mueller · KW Music City Realty · TN Lic. #258331 · Equal Housing Opportunity.