Buying a home in Nashville, Tennessee

How much homes cost in Nashville

The Census Bureau’s American Community Survey (ACS) asks owners how much they think their home would sell for. The median of those answers is a useful benchmark, but it is not a sale price: it covers every owner-occupied home, including homes bought long ago. Our page on Tennessee home prices explains the method in detail.

Source: U.S. Census Bureau, ACS 1-Year Estimates 2024, table B25077. The 2025 estimates are scheduled for October 29, 2026.

Are Nashville prices rising?

The Federal Housing Finance Agency (FHFA) tracks repeat sales of the same single-family homes. Its purchase-only, seasonally adjusted index for the Nashville–Davidson–Murfreesboro–Franklin metro area, published August 25, 2026, shows:

Source: FHFA House Price Index, quarterly purchase-only files. Changes calculated by Payotte from the published index values.

Prices in the Nashville area were essentially flat over the past year, after a gain of about a third over five years.

Closing costs at the median price

On top of the price, buyers and sellers pay closing costs: lender fees, the appraisal, the survey, recording fees, and title insurance. Several of these depend on the loan and on the providers you choose, so there is no single official figure. For the rules, who usually pays each item and a worked example, see our guide to closing costs in Tennessee.

Property tax in Nashville

Davidson County and the city share one government, Metro Nashville. The Metro Trustee explains the calculation in four steps: the county assessor sets the appraised value; state law sets the assessment ratio (25% for residential property); appraised value times the ratio gives the assessed value; and the tax rate, set by the Metro Council, is applied per $100 of assessed value. Rates are not final until certified by the State Board of Equalization.

Metro has two tax districts. The General Services District (GSD) covers all of Davidson County. The Urban Services District (USD) is the old City of Nashville plus certain areas added since, and it receives extra services, including trash and recycling collection and street lighting, funded by an additional rate.

Sources: Metro Trustee, “Calculate Property Taxes”; Metro Nashville, Appendix 4, Property Tax Tables (tax year 2025, fiscal year 2026: GSD $2.782, USD adds $0.032). The FY27 Budget Overview also shows $2.814 per $100 as the combined rate.

Your address determines which district applies. Check it with the Metro Assessor or Trustee.

A worked example

Take a home with an appraised value equal to the Nashville median, $438,800, and no relief programs:

• Assessed value: $438,800 × 25% = $109,700.
• Urban Services District: $109,700 ÷ 100 × $2.814 = $3,087 a year, or about $257 a month.
• General Services District: $109,700 ÷ 100 × $2.782 = $3,052 a year.

A home’s appraised value may differ from the Census median, which is an owner’s estimate. Our Tennessee property tax guide explains exemptions, relief programs and appeals. To see how property tax can be paid through your monthly mortgage payment, read our guide to escrow accounts.

Transfer and recording taxes in Nashville

The Davidson County Register of Deeds records deeds and deeds of trust, and its filing-fee page lists the state taxes collected at recording: $3.70 per $1,000 on a conveyance and $1.15 per $1,000 on a mortgage (the first $2,000 is exempt). That page was last updated in 2021, and it lists no separate city or county transfer tax. Who pays, the current rates and the exemptions are explained on our page about transfer tax in Tennessee.

Tennessee guides for Nashville buyers

• Closing costs in Tennessee
• Property tax in Tennessee
• Seller disclosure in Tennessee
• Do you need a real estate attorney in Tennessee?
• Foreclosure in Tennessee
• First-time buyer programs in Tennessee
• Community property and buying a home
• How to verify a license in Tennessee
• The steps of buying a home