In short
The median value of owner-occupied homes in Nashville is $438,800 (Census ACS 2024; owner estimates, not sale prices). The FHFA House Price Index shows Tennessee prices up 0.9% and Nashville-area prices down 0.2% between the second quarters of 2025 and 2026. On that price, Tennessee's realty transfer tax comes to $1,623.56, paid by the buyer, before any county or city tax. Selling a main home you owned and lived in for 2 of the last 5 years, the first $250,000 of gain ($500,000 for a married couple filing jointly) is excluded from federal income tax (IRS Publication 523).
Calculate for Nashville
In short
The median value of owner-occupied homes in the city of Nashville is $438,800, according to the Census Bureau’s 2024 American Community Survey. Metro Nashville’s Trustee lists a property tax rate of $2.814 per $100 of assessed value in the Urban Services District and $2.782 in the General Services District; residential property is assessed at 25% of appraised value.
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.
| Area | Median value, 2024 (ACS) | Margin of error (90%) |
|---|---|---|
| Nashville-Davidson metropolitan government (balance) | $438,800 | ±$10,667 |
| Davidson County | $442,700 | ±$10,725 |
| Nashville–Davidson–Murfreesboro–Franklin metro area | $449,300 | ±$5,578 |
| Tennessee | $332,600 | ±$2,448 |
| United States | $360,600 | ±$618 |
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:
| Area | 1-year change (Q2 2025 to Q2 2026) | 5-year change (Q2 2021 to Q2 2026) |
|---|---|---|
| Nashville metro area | −0.2% | +34.0% |
| Tennessee | +0.9% | +38.5% |
| United States | +2.1% | +33.4% |
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.
| District | Rate (per $100 of assessed value) |
|---|---|
| Urban Services District (combined with GSD) | $2.814 |
| General Services District | $2.782 |
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
Frequently asked questions
What is the median home price in Nashville?
The Census Bureau’s 2024 American Community Survey puts the median value of owner-occupied homes in the city of Nashville at $438,800 (±$10,667). This is what owners think their home is worth, not the median sale price of recent sales.
Are home prices in Nashville going down?
According to the FHFA purchase-only index, prices in the Nashville–Davidson–Murfreesboro–Franklin metro area fell 0.2% between the second quarter of 2025 and the second quarter of 2026, which is essentially flat. Over five years, they rose 34.0%.
What is the property tax rate in Nashville?
The Metro Trustee lists $2.814 per $100 of assessed value in the Urban Services District and $2.782 in the General Services District. Residential property is assessed at 25% of appraised value.
How much property tax would I pay on a median-priced home in Nashville?
On an appraised value of $438,800, the assessed value is $109,700. At $2.814 per $100 that gives about $3,087 a year; at $2.782, about $3,052. Your Metro tax bill shows your actual figures.
Where are deeds recorded in Nashville?
At the Davidson County Register of Deeds, 300 Deaderick Street. Its filing-fee page lists the state taxes collected when a deed or a mortgage is recorded.
More Tennessee guides
- Closing costs in Tennessee: what buyers and sellers pay
- Tennessee transfer tax and mortgage tax: rates and who pays
- Tennessee property tax: rates, calculation and tax relief
- Seller disclosure requirements in Tennessee
- Do you need a real estate attorney to close in Tennessee?
- Foreclosure process in Tennessee: notice, sale, and help
- Home prices in Tennessee and Nashville: median value and trend
- First-time home buyer programs in Tennessee and Nashville
- How to verify a real estate license in Tennessee
- Community property and buying a home in Tennessee
Sources
- Table B25077, Median Value (Dollars), ACS 1-Year Estimates 2024 (U.S. Census Bureau) (consulted October 13, 2026)
- 2025 ACS Data Release Schedule (U.S. Census Bureau) (consulted October 13, 2026)
- U.S. House Prices Rise 2.1 Percent Year over Year, Up 0.3 Percent Quarter over Quarter (FHFA, August 25, 2026) (consulted October 13, 2026)
- FHFA House Price Index datasets, quarterly purchase-only indexes (state, metro) (consulted October 13, 2026)
- Calculate Property Taxes (Office of the Metropolitan Trustee, Nashville) (consulted October 13, 2026)
- Appendix 4: Property Tax Tables, FY27 Recommended Budget (Metro Nashville) (consulted October 13, 2026)
- FY27 Budget Overview (Metro Nashville and Davidson County) (consulted October 13, 2026)
- Register of Deeds Filing Fees (Davidson County Register of Deeds) (consulted October 13, 2026)
- Davidson County Register of Deeds (consulted October 13, 2026)