realestate

Nashville experiences significant increase in high-end renters, data analysis reveals

Millionaires are flocking to this city, with many opting for rentals over buying homes.

N
ashville's affluent population is expanding rapidly, with a growing number of millionaires opting to rent rather than own their homes. According to a recent study by RentCafe, the Nashville metro area now boasts 928 households earning $1 million or more annually. This figure was determined through analysis of IPUMS data, which combines U.S. Census and American Community Survey microdata.

Nashville skyline with luxury high-rise apartments, reflecting rising rent trends.