Nashville s population is 2.0M, with a total workforce of 1.0M. The labor market grew by 29,100 jobs over the past year, up by 2.8%. The median household income in Nashville is $67,733, 2.8% higher than last year and 7.2% above the national average of $63,179.
In the housing market, total permits issued totaled 22,235 over the last twelve months, up 18.6% year-over-year. Nashville has 387 active new home projects on the market, 3.0% fewer than the 399 from last year. The average list price in the market is $375,670, 4.2% lower than last year and 16.9% above the national average. Over the last three months, new home contracts increased by 8.6% to 2,266. Nashville and Murfreesboro had the highest concentration of the new home contracts in the Nashville market.
