Market Analysis
Nashville Rental Market
Rental investment market data and analysis · Updated October 2026
Median Home Price
$570,000
Average Monthly Rent
$2,156
Estimated Cap Rate
4.5%
Rent-to-Price Ratio
0.4%
Below 1% Rule
Rent ÷ price by zip code
0 of 4 clear the 1% rule · October 2026
| Zip | Median price | Median rent | Rent ÷ price |
|---|---|---|---|
| 37207 | $465,000 | $2,279 | 0.49% |
| 37211 | $450,000 | $1,850 | 0.41% |
| 37203 | $675,000 | $2,200 | 0.33% |
| 37215 | $1,345,000 | $2,295 | 0.17% |
Rent ÷ price over time
PacRent rent-to-price index · Nashville
Context · FRED home price index
Market Trends
Nashville metro area — % change since 2018
Home Prices
+89.0%
Rent Index
+36.2%
Average Rent by Bedroom
| Bedrooms | Avg Rent |
|---|---|
| Apartment | $1,366/mo |
| Condo | $2,021/mo |
| Multi-Family | $2,299/mo |
| Townhouse | $2,524/mo |
| Single Family | $3,324/mo |
Sample Investment Analysis
Based on median price + average rent, 20% down, 6.8% rate, 30yr
Purchase Price$570,000
Down Payment (20%)$114,000
Monthly P&I$2,973
Monthly Rent$2,156
Est. NOI$15,523/yr
Est. Cash Flow-$1,679/mo
Cash on Cash-16.1%
The Nashville market is cash-flow negative at median prices. Look for properties 15-20% below median or with value-add potential.
What Investors Should Know About Nashville
- 1Compressed cap rates below 5% — focus on appreciation or value-add deals
- 21% Rule fails at median prices — need rent of $5,700/mo to pass
- 3Above-average rents support strong gross income per unit
- 4Premium market — higher capital requirements but potential for appreciation
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