Cities around Nashville with the most expensive homes

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FRANKLIN, TENNESSEE – OCTOBER 09: A view of atmosphere at Lifetime Presents A Special Screening and Reception for “Patsy & Loretta” at the Franklin Theatre on October 09, 2019 in Franklin, Tennessee. (Photo by Jason Kempin/Getty Images for Lifetime)

Buying a home is an investment—and an increasingly expensive one. The median value of a home in the United States today is $281,370, an 11.6% increase over the last year. Meanwhile, the median monthly housing cost for a home with a mortgage is $1,558 and $490 without a mortgage.

Stacker compiled a list of cities with the most expensive homes in the Nashville-Davidson–Murfreesboro–Franklin, TN metro area using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of June 2021.

| Check out more lists and rankings from across Tennessee

Homebuyers have a lot to consider when house-hunting or looking to invest in rental properties, from the state of the housing market itself to taxes and potential resale value. The housing market grew robust and pricey in the decade following the 2008 recession, and more recently saw a boom during the coronavirus pandemic. Another consideration is the house itself, including what kind of upkeep it requires and those associated costs. Depreciation affects all homes at an average rate of 3.636% each year, which can be a help come tax season if you use your home for business or rentals but may cost you later in capital gains taxes when you sell. Meanwhile, land value tends to increase over time depending on several factors including where the house is located and what amenities and homes are nearby. More desirable neighborhoods allow sellers to charge more; the mantra “location, location, location” has never been more relevant.

How does your city rank? See the cities with the most expensive houses in Nashville-Davidson–Murfreesboro–Franklin, TN metro below:

#10. Spring Hill, TN ($380,017)

– 1 year price change: +16.8%
– 5 year price change: +48.5%

#9. Milton, TN ($392,074)

– 1 year price change: +8.7%
– 5 year price change: +60.3%

#8. Mount Juliet, TN ($397,479)

– 1 year price change: +10.3%
– 5 year price change: +35.9%

#7. Primm Springs, TN ($427,236)

– 1 year price change: +20.7%
– 5 year price change: +76.9%

#6. Thompsons Station, TN ($507,659)

– 1 year price change: +21.7%
– 5 year price change: +50.2%

You may also like: Counties in Tennessee where people spend most of their paycheck on housing

#5. Nolensville, TN ($559,007)

– 1 year price change: +20.0%
– 5 year price change: +42.7%

#4. Franklin, TN ($619,549)

– 1 year price change: +20.7%
– 5 year price change: +46.1%

#3. Arrington, TN ($693,712)

– 1 year price change: +18.6%
– 5 year price change: +47.8%

#2. College Grove, TN ($743,730)

– 1 year price change: +19.6%
– 5 year price change: +52.6%

#1. Brentwood, TN ($887,770)

– 1 year price change: +23.7%
– 5 year price change: +44.4%

You may also like: Most expensive homes for sale in Nashville

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