Nashville s population is 1.9M, with a total workforce of 1.0M. The labor market grew by 17,500 jobs over the past year, up by 1.7%. The median household income in Nashville is $67,663, 2.6% higher than last year and 7.1% above the national average of $63,179.
In the housing market, total permits issued totaled 22,148 over the last twelve months, up 21.3% year-over-year. Nashville has 382 active new home projects on the market, 1.8% fewer than the 389 from last year. The average list price in the market is $384,399, 0.6% higher than last year and 10.4% above the national average. Over the last three months, new home contracts increased by 18.0% to 1,992. Nashville and Murfreesboro had the highest concentration of the new home contracts in the Nashville market.