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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Nashville, IN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Nashville, IN Housing Market Trends

With 1,258 people, 781 houses or apartments, and a median cost of homes of $371,153, Nashville real estate is some of the most expensive in Indiana, although Nashville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Nashville, accounting for 69.21% of the town's housing units. Other types of housing that are prevalent in Nashville include large apartment complexes or high rise apartments ( 16.35%), duplexes, homes converted to apartments or other small apartment buildings ( 12.53%), and a few row houses and other attached homes ( 1.91%).

People in Nashville primarily live in small (one, two or no bedroom) single-family detached homes. Nashville has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Nashville's housing was primarily built during this period, from the '40s through the '60s. A full 37.95% of the town's housing hails from this era. Other housing ages represented in Nashville include homes built between 1970-1999 ( 34.61%) and housing constructed between 2000 and later ( 18.97%). There's also some housing in Nashville built before 1939 ( 8.47%).

Nashville Home Appreciation Rates

Appreciation rates for homes in Nashville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.20%, which ranks in the top 40% nationwide. This equates to an annual average Nashville house appreciation rate of 7.03%.

Over the last year, Nashville appreciation rates have trailed the rest of the nation. In the last twelve months, Nashville's appreciation rate has been 5.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Nashville were at -0.17%, which equates to an annual appreciation rate of -0.68%.

Notably, Nashville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Nashville's latest annual appreciation rate is lower than 60% of the other cities and towns in Indiana.

Average Home Values

Median Home Value

$371,153

Nashville, IN Home Prices
> $1,412,000
$1,059,001 - $1,412,000
$706,001 - $1,059,000
$565,001 - $706,000
$424,001 - $565,000
$283,001 - $424,000
$141,001 - $283,000
$70,001 - $141,000
$0 - $70,000
0.2%
0.2%
1.5%
1.5%
14.2%
14.2%
10.5%
10.5%
12.9%
12.9%
23.3%
23.3%
28.1%
28.1%
5.3%
5.3%
4.1%
4.1%
0% 100.0%
% of Homes
Very High

for Indiana

High

for nation

Number of Homes And Apartments:

781

Nashville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,388 / per month

Homeownership Rate

Owners
Renters
58.6%
58.6%
41.4%
41.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.8%
6.8%
93.2%
93.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.0%
19.0%
34.6%
34.6%
37.9%
37.9%
8.5%
8.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.2%
69.2%
1.9%
1.9%
12.5%
12.5%
16.3%
16.3%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
16.0%
16.0%
45.3%
45.3%
29.6%
29.6%
5.0%
5.0%
2.7%
2.7%
0% 100.0%
% of Homes