Real estate · Metro area · Tennessee
Real estate businesses in the Nashville-Davidson–Murfreesboro–Franklin, TN metro area
The real estate businesses in the Nashville-Davidson–Murfreesboro–Franklin, TN metro area, the household spending behind them and how the market ranks against other metro areas.
Groundwork market score · out of 100
Score 45 out of 100: Lower middle
Ranked #239 of 387 scored metro areas
#10 of 10 scored metro areas based in Tennessee
- Listings
- 4,124
- 246 chain locations (6%)
- Official establishments
- 1,588
- +23.2% since 2019
- Household spending a year
- $13.4B
- On rent and homeowner costs · $16,131 a household
- Housing spending per listing (U.S. = 100)
- 75
- 25% below the U.S.
- Listings per 10k households
- 49.7
- 29% above the U.S.
- Population, 2025
- 2,197,416
- +8.7% since 2020
See the real estate businesses around any address in the Nashville-Davidson–Murfreesboro–Franklin metro area
The site report maps the real estate businesses on map listings near the address, by name and distance, and sizes the households and spending around it. Or open the report at the center of the Nashville-Davidson–Murfreesboro–Franklin metro area. Signed out, you see a blurred preview; on an account, each report is one action.
Free10 actions over 3 days, no cardSurvey estimates 2020–2024 · population estimates 2025 · official business counts 2023 · map listings September 2026 · Data credits · How we measure
What this means
As of September 2026, map listings count 4,124 real estate businesses in the Nashville-Davidson–Murfreesboro–Franklin metro area. 246 of them (6%) are chain locations, against 6% across the U.S. Per 10,000 households, that is 49.7, 29% above the U.S. rate of 38.5.
Households in the Nashville-Davidson–Murfreesboro–Franklin metro area spend about $13.4B a year on rent and homeowner costs, or $16,131 per household, 3% below the U.S. average. Housing spending per office is 25% below the U.S. figure. That figure is all rent and homeowner costs, used as a measure of housing demand; it is not money real estate businesses take in.
Official counts show 1,588 businesses with payroll classed as real estate agents, property managers, mortgage lenders and inspectors in the Nashville-Davidson–Murfreesboro–Franklin metro area in 2023, up 23.2% from 2019. That is one for every 522 households, against one for every 414 across the U.S. Another 14,779 one-person businesses have no payroll, by official counts. Since fiscal 2022, 29 SBA-backed loans worth $10.6M have gone to businesses classed as real estate agents, property managers, mortgage lenders and inspectors in the Nashville-Davidson–Murfreesboro–Franklin metro area.
Population estimates show the Nashville-Davidson–Murfreesboro–Franklin metro area grew 8.7% from 2020 to 2025, faster than the U.S. (+3.1%). For real estate businesses, the Nashville-Davidson–Murfreesboro–Franklin metro area has a Groundwork market score of 45 (lower middle): #239 of 387 scored metro areas and #10 of 10 scored metro areas based in Tennessee.
How the Nashville-Davidson–Murfreesboro–Franklin metro area compares
The same measures for Tennessee and the whole U.S. Housing spending per listing divides all rent and homeowner costs by the listings counted: a measure of housing demand for each business, not money any of them take in, so it is shown against the U.S. (100) only. Households per establishment divides households by the official count.
| Measure | Nashville-Davidson–Murfreesboro–Franklin metro area | Tennessee | U.S. |
|---|---|---|---|
| Listings per 10k households | 49.7 | 36.7 | 38.5 |
| Housing spending per listing (U.S. = 100) | 75 | 93 | 100 |
| Households per official establishment | 522 | 736 | 414 |
| Official establishment growth, 2019–2023 | +23.2% | +19.2% | +15.8% |
| Population growth, 2020–2025 | +8.7% | +5.6% | +3.1% |
| Spending per household on rent and homeowner costs | $16,131 | $14,833 | $16,661 |
| Median household income | $85,447 | $69,595 | $80,734 |
| Groundwork market score | 45 | 55 |
Official counts and lending
Businesses
- Official establishments, 2019 to 2023
- 1,588+23.2% over the period
- Employees, 2023
- 11,007
- Annual payroll, 2023
- $947M
- One-person businesses, 2023
- 14,779Businesses with no payroll
- Map listings, September 2026
- 4,124246 chain locations
- Listings at the U.S. rate for this spending
- 3,088The U.S. ratio of listings to household spending, applied here
SBA-backed loans since fiscal 2022
- Loans
- 29
- Amount
- $10.6M
SBA-backed loans to businesses classed as real estate agents, property managers, mortgage lenders and inspectors in the Nashville-Davidson–Murfreesboro–Franklin metro area, through June 2026, placed by the borrower’s ZIP code. Official establishments are businesses with payroll; the official counts leave out places with fewer than 3.
Population and households in the Nashville-Davidson–Murfreesboro–Franklin metro area
- Population, 2025 estimate
- 2,197,416+8.7% since 2020
- Households
- 829,134
- Median age
- 38.1
- Homes lived in by their owners
- 65%
- Vehicles per household
- 1.9
- Land area
- 6,302 sq. mi.
- People per square mile
- 330
- Median household income
- $85,447
- Average household income
- $117,563
- Median home value
- $409,600
- Jobs located here
- 1,132,736
- Daytime population
- 2,203,082Residents who don’t work, plus everyone whose job is here
Looking at a specific site in the Nashville-Davidson–Murfreesboro–Franklin metro area?
These figures cover the whole metro area. A site report draws rings around one address and counts what’s inside them: households, spending, jobs, and the real estate businesses on map listings by name and distance.
Or open the report at the center of the Nashville-Davidson–Murfreesboro–Franklin metro area. Signed out, you see a blurred preview; on an account, each report is one action.
Free10 actions over 3 days, no cardReal estate across Tennessee
Every Tennessee market ranked →The highest-scoring metro areas in Tennessee for real estate businesses, numbered among those based in Tennessee, with the Nashville-Davidson–Murfreesboro–Franklin metro area marked.
Top metro areas in Tennessee
| Market | Score | Listings | Per 10k households | Housing spending per listing (U.S. = 100) | Population growth | U.S. rank |
|---|---|---|---|---|---|---|
| 1Morristown, TN | 72 | 108 | 22.5 | 142 | +7.9% | #32 of 387 |
| 2Kingsport-Bristol, TN-VA | 69 | 239 | 18.3 | 174 | +2.3% | #38 of 387 |
| 3Cleveland, TN | 65 | 140 | 28.0 | 117 | +6.1% | #60 of 387 |
| 4Jackson, TN | 57 | 190 | 26.2 | 122 | +2.2% | #119 of 387 |
| 5Memphis, TN-MS-AR | 53 | 1,528 | 29.2 | 116 | −0.3% | #155 of 387 |
| 6Johnson City, TN | 52 | 288 | 32.4 | 98 | +4.3% | #166 of 387 |
| 7Knoxville, TN | 52 | 1,429 | 37.8 | 92 | +6.9% | #167 of 387 |
| 8Chattanooga, TN-GA | 50 | 889 | 38.4 | 90 | +5.3% | #185 of 387 |
| 9Clarksville, TN-KY | 48 | 530 | 42.4 | 78 | +8.5% | #208 of 387 |
| 10Nashville-Davidson–Murfreesboro–Franklin, TN | 45 | 4,124 | 49.7 | 75 | +8.7% | #239 of 387 |
Other business types in the Nashville-Davidson–Murfreesboro–Franklin metro area
Each with its Groundwork market score here, out of 100, where it has one.
Food and drink
Groceries and convenience
Auto
Beauty and personal care
Fitness and classes
Health care
Child care
Clothing and laundry
Home services
Real estate
Funeral services
Questions
How many real estate businesses are in the Nashville-Davidson–Murfreesboro–Franklin, TN metro area?
The Nashville-Davidson–Murfreesboro–Franklin metro area has 4,124 real estate businesses on map listings as of September 2026. 246 of them (6%) are chain locations. The listings count real estate agents and brokers, property managers, mortgage brokers and lenders, and home inspectors. Official counts show 1,588 businesses with payroll classed as real estate agents, property managers, mortgage lenders and inspectors in 2023, up 23.2% from 2019. Official counts list 14,779 one-person businesses without payroll.
How much do households in the Nashville-Davidson–Murfreesboro–Franklin, TN metro area spend on rent and homeowner costs?
About $13.4B a year, or $16,131 per household. That is 3% below the U.S. average (an index of 97, where 100 is the U.S. average). For the 4,124 real estate businesses on map listings, housing spending per office is 25% below the U.S. figure. The spending figure is all rent and homeowner costs, a measure of housing demand, not money real estate businesses take in. It is estimated from the incomes of the 829,134 households in the Nashville-Davidson–Murfreesboro–Franklin metro area and national spending patterns by income.
How does the Nashville-Davidson–Murfreesboro–Franklin, TN metro area compare with the U.S. for real estate businesses?
The Nashville-Davidson–Murfreesboro–Franklin metro area has 49.7 real estate businesses per 10,000 households, 29% above the U.S. rate of 38.5. The index of housing spending per office is 75, where 100 is the U.S. At the national ratio of real estate businesses to household spending, the Nashville-Davidson–Murfreesboro–Franklin metro area would have about 3,088, against 4,124 on map listings. There is one business with payroll in the industry for every 522 households, against one for every 414 across the U.S. The official count rose 23.2% from 2019 to 2023, against +15.8% for the U.S.
How fast is the Nashville-Davidson–Murfreesboro–Franklin, TN metro area growing?
Population estimates put the Nashville-Davidson–Murfreesboro–Franklin metro area at 2,197,416 people in 2025, up 8.7% since 2020, faster than the U.S. (+3.1%). It has 829,134 households. The median household income in the Nashville-Davidson–Murfreesboro–Franklin metro area is $85,447 a year, 6% above the U.S. median of $80,734.
What is the Groundwork market score?
The Groundwork market score runs from 0 to 100 and compares a market with others of its kind for one business type: states with states, metro areas with metro areas, small-town markets and counties with their own. It weighs household spending per competitor (35%), households per business with payroll (25%), population growth (20%) and spending power (20%), each ranked against those peers. A higher score means that, taken together, the market has more household spending and more households for each business already there, faster population growth and more spending per household than similar markets. It describes a market, not any one site or deal. The Nashville-Davidson–Murfreesboro–Franklin metro area scores 45 for real estate businesses (lower middle), #239 of 387 scored metro areas.
How can I see the market around a specific site?
Run a Groundwork site report on an address in the Nashville-Davidson–Murfreesboro–Franklin metro area. It maps the real estate businesses on map listings near the site and sizes the households and spending within the distance you choose. New accounts get 10 actions over 3 days, no card.
How the score works · Top markets for real estate businesses · All 56 business types in the Nashville-Davidson–Murfreesboro–Franklin metro area
Screening a site or an acquisition in the Nashville-Davidson–Murfreesboro–Franklin metro area?
A site report maps the competitors on map listings near an address and sizes the households and spending around it.
The button opens the report at the center of the Nashville-Davidson–Murfreesboro–Franklin metro area. Signed out, you see a blurred preview; on an account, each report is one action.
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are estimates for research only. Not investment or real estate advice.