Nashville-Davidson--Murfreesboro--Franklin, TN
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA purchase-only · 1991 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-09-12
All metro areas · this area is nashville on the rankings
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. Purchase-only means repeat sales of the same homes with refinance appraisals excluded, the cleaner of FHFA's two indices, published for the 100 largest metro areas.
One year
One year real −0.2%
nominal -0.2%
Five years
Five years real +16.1%
nominal +34.4%
Ten years
Ten years real +63.7%
nominal +113.9%
Twenty-five years
Twenty-five years real +115.2%
nominal +281.3%
Since 2000
Since 2000 real +116.1%
nominal +293.7%
2007 to 2012
crash, real −22.6%
2007Q3 to 2012Q1
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 599.4 | 599.4 | real year on year +2.6% |
| 2025 Q4 | 584.3 | 584.3 | real year on year −0.4% |
| 2024 Q4 | 586.7 | 586.7 | real year on year +1.3% |
| 2023 Q4 | 562.7 | 579.3 | real year on year −0.4% |
| 2022 Q4 | 542.5 | 581.5 | real year on year +0.9% |
| 2021 Q4 | 498.0 | 576.5 | real year on year +19.0% |
| 2020 Q4 | 399.6 | 484.3 | real year on year +9.9% |
| 2019 Q4 | 359.1 | 440.6 | real year on year +4.8% |
| 2018 Q4 | 336.4 | 420.3 | real year on year +4.4% |
| 2017 Q4 | 314.6 | 402.6 | real year on year +6.5% |
| 2016 Q4 | 289.2 | 378.0 | real year on year +9.3% |
| 2015 Q4 | 261.4 | 345.9 | real year on year +10.3% |
| 2014 Q4 | 236.6 | 313.5 | real year on year +5.2% |
| 2013 Q4 | 221.3 | 298.0 | real year on year +6.9% |
| 2012 Q4 | 204.0 | 278.7 | real year on year +2.6% |
| 2011 Q4 | 194.8 | 271.7 | real year on year −4.4% |
| 2010 Q4 | 197.6 | 284.3 | real year on year −4.5% |
| 2009 Q4 | 203.6 | 297.6 | real year on year −1.7% |
| 2008 Q4 | 207.8 | 302.7 | real year on year −8.0% |
| 2007 Q4 | 217.5 | 329.1 | real year on year −0.9% |
| 2006 Q4 | 213.4 | 332.1 | real year on year +4.4% |
| 2005 Q4 | 198.0 | 318.0 | real year on year +6.0% |
| 2004 Q4 | 180.6 | 299.9 | real year on year +2.5% |
| 2003 Q4 | 171.6 | 292.7 | real year on year +2.8% |
| 2002 Q4 | 163.3 | 284.7 | real year on year +0.7% |
| 2001 Q4 | 159.6 | 282.7 | real year on year −0.5% |
| 2000 Q4 | 156.0 | 284.2 | real year on year −0.3% |
| 1999 Q4 | 151.3 | 284.9 | real year on year +1.0% |
| 1998 Q4 | 146.6 | 282.1 | real year on year +3.6% |
| 1997 Q4 | 139.3 | 272.2 | real year on year +1.0% |
| 1996 Q4 | 134.7 | 269.4 | real year on year +1.8% |
| 1995 Q4 | 128.6 | 264.8 | real year on year +5.6% |
| 1994 Q4 | 118.5 | 250.8 | real year on year +4.6% |
| 1993 Q4 | 110.4 | 239.7 | real year on year +3.4% |
| 1992 Q4 | 103.7 | 231.8 | real year on year +1.3% |
| 1991 Q4 | 99.4 | 228.8 | — |
2026 Q2599 · real 599real year on year +2.6%
2025 Q4584 · real 584real year on year −0.4%
2024 Q4587 · real 587real year on year +1.3%
2023 Q4563 · real 579real year on year −0.4%
2022 Q4543 · real 581real year on year +0.9%
2021 Q4498 · real 577real year on year +19.0%
2020 Q4400 · real 484real year on year +9.9%
2019 Q4359 · real 441real year on year +4.8%
2018 Q4336 · real 420real year on year +4.4%
2017 Q4315 · real 403real year on year +6.5%
2016 Q4289 · real 378real year on year +9.3%
2015 Q4261 · real 346real year on year +10.3%
Show all 36 years
2014 Q4237 · real 314real year on year +5.2%
2013 Q4221 · real 298real year on year +6.9%
2012 Q4204 · real 279real year on year +2.6%
2011 Q4195 · real 272real year on year −4.4%
2010 Q4198 · real 284real year on year −4.5%
2009 Q4204 · real 298real year on year −1.7%
2008 Q4208 · real 303real year on year −8.0%
2007 Q4218 · real 329real year on year −0.9%
2006 Q4213 · real 332real year on year +4.4%
2005 Q4198 · real 318real year on year +6.0%
2004 Q4181 · real 300real year on year +2.5%
2003 Q4172 · real 293real year on year +2.8%
2002 Q4163 · real 285real year on year +0.7%
2001 Q4160 · real 283real year on year −0.5%
2000 Q4156 · real 284real year on year −0.3%
1999 Q4151 · real 285real year on year +1.0%
1998 Q4147 · real 282real year on year +3.6%
1997 Q4139 · real 272real year on year +1.0%
1996 Q4135 · real 269real year on year +1.8%
1995 Q4129 · real 265real year on year +5.6%
1994 Q4119 · real 251real year on year +4.6%
1993 Q4110 · real 240real year on year +3.4%
1992 Q4104 · real 232real year on year +1.3%
1991 Q499 · real 229—
Source
FHFA House Price Index, purchase-only, quarterly, not seasonally adjusted, CBSA 34980. Real terms by the World Bank's US consumer price index, annual.