Nashville, TN variant. This is a Nashville, TN-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
Nashville's $440,000 median home and 0.69% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Nashville
On the $440,000 median home with 20% down ($88,000), you'd finance $352,000. At 6.5% over 30 years, P&I ≈ $2,225/month.
Add Nashville's 0.69% property tax (≈ $253/month) plus insurance for the all-in payment.
About Nashville, TN
Nashville residents pay no state or city income tax, since Tennessee does not impose a personal income tax on wages.
Nashville's housing market has grown rapidly, with home prices and rents rising as the city attracts new residents and businesses.
Nashville's economy is anchored by the music industry, healthcare management, and tourism.
Worked example: $440,000 Nashville home
Loan $352,000 at 6.5% for 30 years → $2,225/mo P&I. Property tax ≈ $253/mo. Total before insurance ≈ $2,478/mo.
Quick reference
- Median home value: $440,000
- Median rent: $1,850/mo
- Median household income: $78,280
- Local sales tax: 9.25%
- Effective property tax rate: 0.69%
- Cost of living index: 105 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Nashville?
About $2,225/month P&I on the $440,000 median home with 20% down at 6.5%.
What is the property tax rate in Nashville?
About 0.69% of home value per year.