In Nashville, the cost of homes is a significant concern for buyers. Median household income has risen, but it remains lower than the income required for a home purchase. The gap between income and affordability has narrowed somewhat due to rising incomes and slower home price increases.

Further details on home affordability are available from a recent report. The report's findings are based on certain assumptions about housing costs and down payments. Income levels play a crucial role in determining who can afford a home in the current market.