Known as Music City, Nashville has many tributes to the tunes that built America, with unparalleled creative energy. Nashville is defined by its neighborhoods, each with its own distinct personality and character.
Nashville's population is 2.0M, with a total workforce of 1.1M. The labor market grew by 64,900 jobs over the past year, up by 6.3%. The median household income in Nashville is $67,649, 7.2% lower than last year and 0.2% above the national average of $67,521.
In the housing market, total permits issued totaled 28,994 over the last twelve months, up 16.5% year-over-year. Nashville has 247 active new home projects on the market, 4.3% fewer than the 258 from last year. The average list price in the market is $479,217, 9.3% higher than last year and 6.4% above the national average. Over the last three months, new home contracts decreased by 37.7% to 1,599. Lebanon and Nashville had the highest concentration of the new home contracts in the Nashville market.