Nashville, TN home values, income, and owner costs

The local figures answer the first question: In Nashville, TN, the 2024 ACS reports a median owner-occupied home value of $413,600, median household income of $77,371, and median selected monthly owner costs of $1,898 for owners with a mortgage. For borrower planning, together, those three reference points can help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,898 measure combines recurring ownership expenses instead of real estate taxes alone. A useful affordability review starts with $413,600, $77,371, and $1,898, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Nashville, TN's $413,600 median home-value estimate is above the statewide $286,700 estimate, with a reported city-to-state gap of 44.3%. For borrower planning, that 44.3% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Nashville, TN. It does not mean every local property is 44.3% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. Borrowers can apply $413,600 and $286,700 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.