Nashville housing prices soar, but low taxes attract new residents

NASHVILLE, Tenn. (WZTV) — Despite Nashville’s median single-family home price reaching $505,000 last month, people continue to flock to the city.

This price is $5,000 above the national average and $180,000 more than in 2019 before the pandemic. So why do people continue moving to this area at a rate of nearly 100 a day?

According to Open the Books, the absence of individual income, estate or inheritance taxes is a significant draw for those seeking to reduce their tax burden…

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