Nashville s population is 1.9M, with a total workforce of 1.0M. The labor market grew by 23,100 jobs over the past year, up by 2.3%. The median household income in Nashville is $66,630, 4.2% higher than last year and 8.6% above the national average of $61,372.
In the housing market, total permits issued totaled 19,256 over the last twelve months, up 3.0% year-over-year. Nashville has 387 active new home projects on the market, 9.0% more than the 355 from last year. The average list price in the market is $427,454, 18.4% higher than last year and 36.7% above the national average. Over the last three months, new home contracts increased by 16.0% to 1,880. Nashville and Murfreesboro had the highest concentration of the new home contracts in the Nashville market.