Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Nashville, TN

Housing in Nashville, TN: Rent, Home Prices & Property Tax

$1,392/mo (1 bd) in Nashville. Median home $376,800. Property tax 0.56%.

Compare vs Chicago Rank metros from NashvilleHow we figure this

Rent (1 bd): $1,392; /mo
Buy: $2,427; Mortgage, tax, insurance
Buying costs more: $1,035; /mo

State tax and rent

To buy

20% down payment$75,360
Mortgage at 6.5%$1,905
Property tax (0.56% of value)$176/mo · $2,110/yr
Insurance and upkeep$345
Monthly total$2,427

46.6% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$2,675 left each month. About 29 months (2.4 years) to save $75,360.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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