Investor-grade market analytics for Nashville-Davidson--Murfreesboro--Franklin, Tennessee. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$444,193
-0.5% year-over-year
4.8%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Nashville-Davidson--Murfreesboro--Franklin, TN is experiencing a correction with -0.5% year-over-year decline, signaling a buyer's market with softening demand. Affordability is moderately stretched with a price-to-income ratio of 5.38x, above the national average of 4.8x. Strong net positive migration (+6,025 returns/year) reflects sustained population inflows driving housing demand. Climate risk remains low (30/100), favorable for long-term investment stability. Rental yield of 4.78% is moderate, offering acceptable cash flow for leveraged investments.
12-month projection (Zillow ZHVF model)
Nashville-Davidson--Murfreesboro--Franklin, TN's primary climate exposure is tornadoes (50/100). The composite climate risk score of 30/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.