Nashville Stats

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Category: Housing

Why Owning a Home is More Common in Nashville

Fewer and fewer Americans have been buying homes over the last decade. Today, just 63.0% of Americans own their homes, the smallest share since 1965. In the Nashville-Davidson–Murfreesboro–Franklin metro area, 65.7% of residents own their homes, higher than the national homeownership rate and the fourth lowest of any metro area in Tennessee. Young Americans are […]

Why Quality of Life is Lower in Tennessee

Americans often evaluate their home states according to such subjective conditions as climate preference, the presence of friends and family, and personal history. In addition to these subjective measures, more objective socioeconomic factors also contribute to life satisfaction. It is such quantitative measures that can help assess the broader quality of life in a given […]

Nashville No More Crowded Than the Average City

There are 1,695 people per square mile in the Nashville-Davidson–Murfreesboro–Franklin metro area, lower than the national population density of 6,321 Americans per square mile across all U.S. metro areas. Nashville also has the second highest population density of any Tennessee metro area. Population density can have a meaningful impact on home prices in an area. […]

Why Nashville is an Average Housing Market

A typical home in the Nashville-Davidson–Murfreesboro–Franklin metro area costs $192,200, higher than in Tennessee as a whole, where the typical home is worth $150,600. Nashville’s median home value is also the highest of any metro area in the state. The price of a typical Nashville home is, however, roughly similar to the national median home […]

Tennessee Has the 18th Lowest Share of Urban Living

Since 1950, Americans have increasingly chosen to live in cities. Today, 81% live in urban areas, more than even before. Urban areas, however, make up just 3% of U.S. land area. The proportion of people living in urban areas varies considerably between states. 24/7 Wall St. reviewed data from the U.S. Census to determine the […]

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