Nashville's population is 1.9M, with a total workforce of 980K. The labor market grew by 17,300 jobs over the past year, up by 1.8%. The median household income in Nashville is $62,839, 4.7% higher than last year and 2.4% above the national average of $61,372. In the housing market, total permits issued totaled 18,091 over the last twelve months, down 2.5% year-over-year.
Nashville has 290 active new home projects on the market, 14.2% more than the 254 from last year. The average list price in the market is $360,218, 1.4% lower than last year and 12.6% above the national average. Over the last three months, new home contracts decreased by 2.3% to 1,167. Murfreesboro and Nashville had the highest concentration of the new home contracts in the Nashville market.