Buying a Home in Nashville, TN: Prices, Property Taxes and Loan Options

Buying in Nashville: The Local Numbers

Prices, Metro’s property tax rates, the loans that fit and cash to close, each with its source.

What Homes Sell for in Nashville

From March to September 2026, the median sale price of a single-family home in Nashville ran from about $580,000 to $660,000 a month, with most months between about $600,000 and $645,000 (RealTracs, closed sales). The average runs much higher because high-priced sales pull it up, so the median is the better guide. Counting condos and townhomes, Nashville’s median for all home types was $465,000 for the three months ending September 2026, down 1.1% from a year earlier (Redfin).

Nashville Property Taxes in 2026

Nashville and Davidson County share one government, Metro, with two tax districts. The Urban Services District pays a slightly higher rate and gets services such as garbage pickup, street lights and sidewalks; in the General Services District, owners pay for those services on their own (Davidson County Assessor). A few small cities inside the county add their own tax on top, such as Belle Meade (Metro Trustee). Tennessee assesses a home at 25% of its appraised value and taxes each $100 of that assessed value (Tennessee Comptroller). A $600,000 home is assessed at $150,000:

Where the home is	2026 rate per $100 of assessed value	Yearly tax on a $600,000 home
Urban Services District	$2.8140	About $4,221
General Services District	$2.7820	About $4,173
Belle Meade	$3.0831	About $4,625

Rates from the Tennessee Comptroller’s tax rate data; Metro kept its 2025 rates for 2026 (Metro Council update). Metro taxes its own appraised value, which can differ from your price. My mortgage calculator has both Metro districts built in.

When Property Tax Bills Come Due

Metro mails tax bills the first week of October. They’re due by the last day of February, and unpaid taxes add 1.5% a month from March 1 (Metro Trustee). Tennessee taxes are paid in arrears, so at closing the seller usually credits you their share of the current year.

How to Tell Which Rate Applies

A Nashville mailing address doesn’t tell you the district. The home’s assessment notice has a “Tax Jurisdiction” box that shows USD, GSD or a small city (Davidson County Assessor), and last year’s tax bill shows the same. The listing agent can usually pull it. I check it for any home you’re serious about, before you write an offer.

The Loan Limit and the Loans That Fit

For a one-unit home, the 2026 limit is $1,029,250 for conforming loans (FHFA) and FHA loans (HUD) in Davidson County. Most Nashville purchases fall below it, so conventional, FHA and VA loans cover most buyers; buying your first home? See first-time home buyers in Tennessee. In the higher-priced parts of the city, a loan above the limit is a jumbo loan.

Condos and Townhomes

For a condo, lenders review the project as well as you: its budget, reserves, insurance and rules. Those reviews differ from lender to lender, so a building one lender won’t accept can work with another. I check the project before you write an offer.

Cash to Close

Tennessee’s transfer and mortgage taxes, title insurance, recording fees and prepaid taxes and insurance make up most of what you bring to closing beyond the down payment. See what it costs to close on a home in Franklin; the costs work the same way in Nashville.

Buying to Rent Out?

An investment property can be financed on the rent it brings in rather than your income. See DSCR and investor loans in Tennessee.

From a Recent Nashville File

A buyer’s agent referred a client to me in November 2025 who was buying above the conforming loan limit. Their income was an unusual type, and one national lender had turned the loan down. I found a lender whose guidelines fit how they’re paid, and they closed right on schedule.

Also Looking Outside Nashville?

See how prices and property taxes compare in Franklin, Brentwood and Spring Hill on buying a home in Middle Tennessee.