Market Overview
Home Prices in Nashville, MI
The median home value in Nashville, MI is $226,021 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.2% compared to a year ago and down 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Nashville are priced45% below average. Nashville is part of the Lansing-East Lansing, MI metro area.
Over the past five years, Nashville home values have risen by approximately23.3%, reflecting strong long-term appreciation in this market.
Price History
Nashville Home Price Trend
City Comparison
Nashville vs. National Median
At $226,021, homes in Nashville cost 45% below the national median of $410,000. This makes Nashville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Nashville?
20% Down Payment
$45,204
on $226,021
Monthly P&I
$1,179/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,497/mo
incl. taxes & insurance
Income Needed
$59,880
gross annual (30% rule)
10% Down Option
$22,602
+ PMI applies
Loan Amount (20% dn)
$180,817
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Nashville, MI?
The median home value in Nashville is $226,021 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.2% year-over-year.
How much have home prices changed in Nashville?
Over the past year, home values in Nashville have increased by 6.2%. Over five years, prices have risen approximately 23.3%.
How much do I need to earn to buy a home in Nashville?
To comfortably afford the median home price of $226,021 with a 20% down payment ($45,204) at today's rates (6.8%), you'd need a gross annual income of approximately $59,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Nashville compare to the national average home price?
The national median home value is approximately $410,000. At $226,021, homes in Nashville are 45% below the national average.
What metro area is Nashville part of?
Nashville is part of the Lansing-East Lansing, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.