Historical data
Pick an indicator to see its long-run evolution.
Median home value
1990–2024Census / Zillow ZHVI, nominal dollars.
Home Prices
Sale prices and trends.
FHFA House Price Index
1975–2025FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (TNSTHPI).
Median Home Value
Typical value of owner-occupied homes.
Median value of owner-occupied homes
2008–2024Census American Community Survey 1-year estimates, B25077 (2020 not released).
| Indicator | Tennessee | U.S. |
|---|---|---|
| Median home value (USD) | 311000 | 340000 |
- •Nashville home values rose more than 60% between 2019 and 2024, one of the fastest climbs in the country.
Rent Prices
Cost of renting.
Rent of primary residence index (South region)
2006–2025BLS CPI-U, South region, annual average (CUUR0300SEHA).
| Indicator | Tennessee | U.S. |
|---|---|---|
| Median rent (USD) | 1240 | 1406 |
Housing Inventory
Total housing stock.
Total housing units
2008–2024Census American Community Survey 1-year estimates, B25001 (2020 not released).
Vacant housing units
2008–2024Census American Community Survey 1-year estimates, B25002 (2020 not released).
Building Permits
New residential construction.
New private housing units authorized
1988–2025Census Building Permits Survey, sum of 12 months (FRED TNBPPRIV).
| Indicator | Tennessee | U.S. |
|---|---|---|
| Building permits | 47000 | 1470000 |
Homeownership Rate
Share of owner-occupied homes.
Homeownership rate (CPS/HVS)
1984–2025Census Housing Vacancy Survey, annual (FRED TNHOWN).
| Indicator | Tennessee | U.S. |
|---|---|---|
| Homeownership rate (%) | 66.5 | 65.7 |
Housing Affordability
Home cost relative to income.
Housing price level vs U.S. (RPP rents)
2008–2024BEA Regional Price Parities, housing services (SARPP line 3).
| Indicator | Tennessee | U.S. |
|---|---|---|
| Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities | 79.1 | 100 |
| Home price to income ratio | 4.6 | 4.3 |
Vacancy Rate
Share of unoccupied units.
Rental vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED TNRVAC).
Homeowner vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED TNHVAC).
| Indicator | Tennessee | U.S. |
|---|---|---|
| Vacancy rate (%) | 10.5 | 9.9 |