Investment metrics, interactive calculators, and data-driven analysis for Nashville rental properties.
Pre-filled with Nashville medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Nashville.
Nashville, TN has a population of 715,884 and has been growing at 1.6% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $410,000 paired with median rents of $1,780/mo produces an estimated cap rate of 3.56%.
Property taxes at 0.56% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 5.5% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 6.3x, homes cost about 6.3 times the local median income of $65,500. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 3.8% annually. Above-average appreciation adds an equity component to total returns, though deals should still pencil on cash flow alone.
Bottom line: At current median prices, Nashville is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.