Nashville-Davidson--Murfreesboro--Franklin Metro Area, TN Housing

The housing market in Nashville-Davidson--Murfreesboro--Franklin, TN Metro Area is booming. The median value of a home in this area is $447,500, which is significantly higher than the US house median value of $338,100. Furthermore, the 1 year house appreciation rate for the US was 8.27%, while the 1 year house appreciation rate for Nashville-Davidson--Murfreesboro--Franklin, TN Metro Area was 18.13%, showing an impressive increase in home values. This indicates that investing in a home in this area will be a wise financial decision and could potentially generate significant returns over time.

The median home cost in Nashville-Davidson--Murfreesboro--Franklin Metro Area is $447,500. Home appreciation the last 10 years has been 156.1%. Home Appreciation in Nashville-Davidson--Murfreesboro--Franklin Metro Area is up 25.1%.

Average Age of Homes

- The median age of Nashville-Davidson--Murfreesboro--Franklin Metro Area real estate is 30 years old

The Rental Market in Nashville-Davidson--Murfreesboro--Franklin Metro Area

- Renters make up 31.2% of the Nashville-Davidson--Murfreesboro--Franklin Metro Area population
- 2.5% of houses and apartments in Nashville-Davidson--Murfreesboro--Franklin Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Nashville-Davidson--Murfreesboro--Franklin, Tennessee	United States
	814,134.0	139,647,020.0
	30	42
	$447,500	$338,100
	25.1%	16.6%
	80.9%	57.0%
	156.1%	101.1%
	$6.05	$10.98
	$1,734	$2,690
	60.8%	57.4%
	7.9%	11.2%
	31.3%	31.4%
Vacant Housing
	2.5%	1.9%
	0.6%	0.4%
	0.5%	0.7%
	0.7%	0.4%
	0.9%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	1.1%	2.4%
	0.9%	2.8%
	1.4%	3.9%
	2.0%	4.5%
	7.0%	11.3%
	12.5%	13.0%
	27.4%	20.1%
	19.2%	13.6%
	9.9%	8.3%
	10.1%	9.7%
	4.0%	3.9%
	1.8%	2.2%
	0.6%	0.8%
	0.8%	1.1%
Housing Units by Year Structure Built
	0.6%	0.2%
	18.5%	13.6%
	18.5%	13.6%
	16.8%	13.6%
	13.5%	13.2%
	12.5%	14.8%
	16.8%	13.6%
	6.4%	10.0%
	2.8%	4.7%
	4.5%	12.2%

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