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Nashville vs Jackson for Rental Property Investing

Side-by-side comparison of Nashville, TN and Jackson, TN — cap rates, rent, prices, and investment metrics.

Dead heat across key metrics
Jackson leads on cash flow (5.19% vs 3.56% cap rate) · Nashville leads on population growth
Metric
Nashville, TN
Jackson, TN
Est. Cap Rate
3.56%
5.19%
Median Home Price
$410,000
$185,000
Median Monthly Rent
$1,780
$1,080
1% Rule
0.43%
0.58%
GRM
19.2x
14.3x
Price / Income
6.3x
4.2x
Property Tax Rate
0.56%
0.56%
Vacancy Rate
5.5%
6.5%
Population Growth
1.6% / yr
0.4% / yr
Annual Appreciation
3.8%
2.2%
Population
715,884
68,000
Median Income
$65,500
$44,200

Nashville vs Jackson: Which Is Better for Investors?

Cash flow: Jackson has the edge with an estimated cap rate of 5.19% compared to Nashville's 3.56%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $410,000 in Nashville vs $185,000 in Jackson, while rents come in at $1,780/mo and $1,080/mo respectively.

Growth & appreciation: Nashville is growing faster at 1.6% annually vs Jackson's 0.4%. Nashville leads on home value appreciation at 3.8% per year. Strong population growth typically translates to sustained rental demand and long-term price support.

Costs & risk: Property taxes are 0.56% in Nashville vs 0.56% in Jackson. Vacancy rates of 5.5% and 6.5% are mixed — Nashville has the tighter rental market.

Bottom line: These two markets are remarkably similar — the best choice depends on your strategy. Jackson is better for cash flow, Nashville for growth. Use our free calculators to model specific deals in Nashville or Jackson.

Nashville, TN
3.56% cap rate · $410,000 median · $1,780/mo
Full analysis →
Jackson, TN
5.19% cap rate · $185,000 median · $1,080/mo
Full analysis →
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