Nashville Housing Market: Trends & Prices (2025)
Nashville Real Estate Market Overview
(Last Updated – 4/2025)
Nashville is known as the Country Music Capital of the World. It’s also a great place to live. In fact, U.S. News has named Nashville the 3rd best place to live in Tennessee.
The access to amazing music is part of the Nashville appeal, but so are the unique museums and architecture. Foodies have as many vegan options as they do choices of barbecue joints.
Not to mention, it’s considered to be an affordable city compared with other major U.S. metro areas, with an overall cost of living that is 4.4 points below the U.S. average. As a bonus, Tennessee is one of the few states that don’t tax wages.
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Nashville itself has just under 700,000 residents, according to the U.S. Census, but it is one of the fastest-growing U.S. cities. And the larger metropolitan area, currently 1.3 million people, is expected to top 1.4 million by 2030.
If you’re starting to see the appeal and thinking about buying in Music City, keep reading for details about the Nashville real estate market.
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Comparing housing market trends by city can be interesting. Redfin considers the Nashville market to only be “somewhat competitive,” with homes getting an average of two offers. The median sale price in February 2025 went up 3.4% since last year. On average, homes sell for slightly below their list price.
$470,000
Median Sale Price
$267
Median Price Per Square Foot
84 days
Median Time on Market
Nashville Housing Market Forecast
Nashville saw home values rise since last year, and the city has one of the country’s healthier housing markets.
Real estate experts expect the Nashville market to remain vibrant for the foreseeable future, largely because inventory is still low and demand is still high. Price growth is expected to be moderate.
Demographics of the Nashville Market
Nashville’s famous Grand Ole Opry may have just celebrated its 100th birthday, but the population of the city as a whole is relatively young. Residents can enjoy world-class dining, art, and sporting events. There are adventures to be had in this cool city. Here are some key demographics in Nashville.
Median Household Income: $80,217
Median Age: 34.7
College Educated: 50.9%
Homeowners: 53%
Married: 46%
Popular Nashville Neighborhoods
There are over a dozen unique and charming neighborhoods to explore in Nashville. While this may sound like a good thing, it can make home shopping tricky.
Before you get your heart set on a certain Nashville locale, check out these details worth considering for five of the most popular neighborhoods.
12 South
12 South may be one of Nashville’s smallest neighborhoods, but size doesn’t matter when it comes to this in-demand destination just south of Downtown.
A stroll down bustling 12th Avenue, 12 South’s main drag, makes it clear why this area has become a go-to spot for the young millennial crowd. Home to an eclectic dining scene, trendy boutiques, craft cocktails, and Dolly Parton’s rehearsal studio, 12 South has everything you could need within walking distance of home, including the 20-acre Sevier Park.
Quick Facts
Population:
2,789
Median Age:
27
Housing Units:
1,191
Bike Score:
64/100
Walk Score:
87/100
Transit Score:
57/100
Median Household Income:
$97,901
12 South Housing Market
The 12 South housing market certainly shows no signs of going south. While the average home sale price dropped 3.7% year over year as of February 2025, homes here sell for an average of $1 million. It’s a good idea to get preapproved for a mortgage loan before you go shopping here.
Multiple offers are not unusual in this somewhat competitive neighborhood, and hot homes can take 45 days to sell (a typical home here goes to pending in 89 days).
Median Sale Price
$1,000,000
Median Price Per Sq. Foot
$456
Hope Gardens
Hope Gardens is full of young professionals who are building their lives and buying homes. Grade-A nightlife and dining options add to the appeal of Hope Gardens, as does its diverse and urban feel.
Quick Facts
Population:
20,204
Median Age:
30
Housing Units:
10,793
Bike Score:
64/100
Walk Score:
87/100
Transit Score:
57/100
Median Household Income:
$62,682
Hope Garden Housing Market
If you’re looking to buy a home in Hope Gardens, there is plenty of hope to be found. Home sale prices have dropped in the last year and go for 1.6% under list price. However, inventory is limited.
Median Sale Price
$525,000
Median Price Per Sq. Foot
$374
Germantown
Germantown has European roots and received its name from the European immigrants that settled the area in the mid-19th century.
This historical community is just a few blocks from Downtown and hosts the Tennessee State Museum and Bicentennial Capitol Mall State Park, making weekends with the family a blast.
Quick Facts
Population:
20,204
Median Age:
30
Housing Units:
10,793
Bike Score:
31/100
Walk Score:
16/100
Transit Score:
N/A
Median Household Income:
$62,682
Germantown Housing Market
Prices are on the rise in Germantown. In February 2025, home values had risen by 4.5% compared to the previous year.
Even though Germantown is considered somewhat competitive, average homes sell for 2% below list price and stay on the market for 44 days. However, some homes receive multiple offers, and hot ones sell in around 7 days.
Median Sale Price
$495,000
Median Price Per Sq. Foot
$170
East End
East End is one of the largest neighborhoods in Nashville, so you should have plenty of great home options to choose from in this area.
East End is rather self-contained, which means you can find everything you need right in your own neighborhood, including fine dining and amazing public parks.
Quick Facts
Population:
29,638
Median Age:
33
Housing Units:
14,323
Bike Score:
52/100
Walk Score:
88/100
Transit Score:
38/100
Median Household Income:
$88,605
East End Housing Market
While the housing market in the East End cooled down a bit, this neighborhood is still in buyers’ sights as a somewhat competitive market. Prices were down 10.5% in February 2025 compared to last year, and the cost per square foot dropped by 24% on average.
Average homes in this area sell for roughly 2% above list price and sell in around 34 days.
Median Sale Price
$678,000
Median Price Per Sq. Foot
$356
Downtown
You want it, Downtown Nashville has it — from museums and sports to shopping and restaurants galore. There is no shortage of fun to be found Downtown.
It is also the home of Nashville Yards, a 17-acre development in the heart of Downtown, featuring dining and retail, entertainment, a high-end hotel, residential, office space — and Amazon Nashville’s headquarters.
This dynamic, urban neighborhood has a lot of great apartment options, but you can also consider buying property that will keep you close to work, public transit, and all the entertainment you can hope for.
Quick Facts
Population:
2,289
Median Age:
32
Housing Units:
1,996
Bike Score:
72/100
Walk Score:
98/100
Transit Score:
74/100
Median Household Income:
$88,438
Downtown Housing Market
While the Downtown social scene and career options may be hot, the area is only a somewhat competitive housing market in Nashville.
Typically homes in this neighborhood sell for around 3% below their list price, some receive multiple offers, and highly sought-after homes sell in about 35 days.
Median Sale Price
$470,000
Median Price Per Square Ft.
$267
SoFi Home Loans
It’s easy to see why Nashville has become such a popular market. The appeal extends well beyond country music to art, food, commerce, sports, and outdoor adventures.
If you think Nashville could be your home sweet home, then you may need to consider different mortgage loans during your home buying process.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
FAQ
What are the Nashville housing market predictions?
Tennessee is one of the more popular states for people to move to, and that is reflected in the Nashville housing market. The market is already somewhat competitive, and if interest rates fall it may become more so, although it is unlikely to become the hot seller’s market it was in the pandemic years.
What is the next up-and-coming Nashville neighborhood?
The Wedgewood-Houston neighborhood, already a popular spot, is getting a new mixed-use development that will include a music venue, retail, and restaurants. The housing market here is not currently very competitive and the median sale price is $565,000 as of February 2025.
Where are the people who are moving to Nashville coming from?
California, Florida, and Georgia are the states losing the most residents to Tennessee, and many of those people are moving to Nashville.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
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