Music City, Rising Values: How Nashville Became a Real Estate Powerhouse

Over the past decade, Nashville has earned more than just accolades for its music—it’s become one of the most dynamic real estate markets in the country. What once was a regional hub has transformed into a national hotspot for relocation, investment, and long-term growth.

📈 A Track Record of Appreciation

Home values in the Greater Nashville area have grown by approximately 157% over the past 10 years, averaging nearly 9.9% annually. Since 2000, prices are up around 277%—well above both state and national averages.

While the market has cooled slightly from pandemic-era peaks, 2023 still saw an increase of 5.87%, and prices are up 2.13% over the last quarter alone. Over the past two years, values rose about 7%, and over five years, by nearly 61%.

Since 2019, the price per square foot in Middle Tennessee has jumped 68.6%, making it the second-fastest-growing market after New York City.

To see how things are trending right now, check out our live market stats page.

💡 More Than Just ROI

Our ROI (Return on Investment) calculations provide a helpful starting point, based on rental income relative to the purchase price. But there’s more under the hood: tax benefits from depreciation, deductions on operating expenses, and long-term equity growth all contribute to the total return.

Dive deeper into performance by neighborhood with our ROI analysis tool or browse current listings matched to your return goals on our ROI search page.

🌆 A Market with Room to Grow

Despite its rapid appreciation, Nashville still offers relative affordability compared to other major metros, making it one of the most attractive destinations for smart investors and buyers with a long-term outlook.