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Davidson County, TN

RANK #943 / 996  ·  POP 709,786  ·  TN

PROJECTED GROWTH: -2.5%

Davidson County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Davidson County?

Home to Nashville, Davidson County, Tennessee, is the oldest county in the Middle Tennessee region, established in 1783. The Cumberland River flows through the county, contributing to a landscape of rolling hills and forests. Commuting within Davidson County can be challenging due to traffic congestion, though public transit options like WeGo Public Transit buses and the WeGo Star commuter rail are available. The county also offers extensive outdoor recreation, with over 100 parks, 65 miles of greenways, and access to Percy Priest, Radnor, and Old Hickory Lakes.

Life in Davidson County attracts a mix of families and young professionals. The Metropolitan Nashville Public School District serves the county's communities. The economy is expanding, with growth in sectors such as healthcare, music production, and advanced manufacturing. While housing affordability is a concern for many residents, new construction is occurring, and nearby areas offer more accessible home prices.

[02] Market Snapshot

Housing Ratio
2.7x

Undervalued relative to economy

GDP Growth
+4.1%

Well above national median

Home Prices
-2.8%

Prices declining

Climate & Terrain
0.3

Moderate climate & terrain

Price/Rent
17x

Above national median (13x)

Housing looks undervalued at 2.7x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Davidson County U.S. National

The Numbers

DEMOGRAPHICS
Population
709,786
+0.18% YoY
Median Household Income
$71,863
Median Home Value
$354,700
-2.78% 12mo
Median Rent
$1,394
Average Annual Pay
$83,096
+5.7% YoY
Employment
555,405
+1.1% YoY
Income-to-Home-Value
0.2026
Near national average
Migration Inflow
3.1%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$474,750
Days on Market
103
Slower market
Months of Supply
6.2
Buyer's market
Sale-to-List Ratio
97.1%
Negotiation room for buyers
Sold Above List
10.3%
Listings w/ Price Drops
18.1%
Building Permits (2024)
6,880
Single-Family Permits
2,722

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$2,710M
TOTAL
PROJECT AMOUNT STATUS
Oracle World Headquarters
Oracle
$2,000M Planned
New Davidson County Detention Facility
Davidson County Sheriff's Office
$410M Proposed
Nashville I Data Center
Radius Data Centers
$100M Under Construction
Metro Nashville & Vanderbilt University Solar Initiative
Metro Nashville, Vanderbilt University, Silicon Ranch Corp.
$100M Operating
Michelson Multifamily Fund II (Davidson County Share)
Metropolitan Government of Nashville & Davidson County (investment)
$50M Operating
East Bank Development Authority Infrastructure
East Bank Development Authority
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +4.1% 74 percentile
Population Growth +0.2% 38 percentile
Income Growth +8.8% 58 percentile
Vacancy Rate 2.0% 9 percentile
Home Price Change -2.8% 10 percentile
Rent Growth -0.2% 10 percentile
Price/Rent 17x 21 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Davidson County, TN a good place to move to?

Davidson County has a Boom Town Index score of 5/100, ranking #943 among 996 U.S. counties. With job growth at +1.1% and a median household income of $71,863, it faces some economic headwinds compared to faster-growing counties.

Is Davidson County affordable?

The median home value in Davidson County is $354,700 with median rent at $1,394/month. The income-to-home-value ratio is 0.2026, which is less affordable than the national average.

Is Davidson County growing or shrinking?

Population growth: +0.2% year-over-year. Job growth: +1.1%. Home values changed -2.8% in the past 12 months.

Are people moving to Davidson County?

Yes — 3.1% of Davidson County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Tuolumne County, CA 15 Butte County, CA 15 Pinal County, AZ 15 Rutherford County, TN 15 Steuben County, NY 15 Chittenden County, VT 15 Fulton County, GA 15 Hinds County, MS 15