Nashville Ranks #2 Real Estate Market to Watch for 2027

Quick answer: Nashville is the #2 real estate market to watch in the country for 2027, according to Emerging Trends in Real Estate 2027 from PwC and the Urban Land Institute, released October 27, 2026. Dallas-Fort Worth took #1 for the third year in a row. Nashville climbed from #6 in last year's report.

The 2027 Markets to Watch

1. Dallas-Fort Worth
2. Nashville
3. Miami
4. Raleigh-Durham
5. San Francisco

The ranking comes from surveys and interviews with more than 1,700 real estate investors, developers, lenders, and advisers across the U.S. and Canada. In plain terms, it's where the people who fund and build real estate expect the strongest prospects next year.

Is this a home price forecast?

No. Emerging Trends looks at investment and development across all kinds of real estate, from apartments and offices to industrial and retail. It doesn't predict what a house in Hendersonville or Franklin will sell for next spring. What it does tell you is where long-term capital is headed, and that capital tends to follow jobs, construction, and population growth.

Why the climb from #6 to #2 matters

Nashville isn't new to this list. It held the top spot three years running earlier this decade before slipping to #6 last year. Jumping back to #2 is a vote of confidence from people who make five and ten year bets, not quick flips. That's a useful signal for anyone deciding whether to plant roots in Middle Tennessee.

What I'm telling my sellers

A national headline doesn't change what buyers will pay for your home this month. Buyers have more choices than they did a few years ago, so pricing, preparation, and presentation still decide how fast you sell and for how much. Use the headline in your marketing, but price for the market in front of you.

What I'm telling my buyers

You're shopping in a market where you have more room to negotiate than you've had in years, in a region that serious investors are betting on long term. If you plan to stay a while, that combination is worth paying attention to. Focus on the right location for your commute and lifestyle, and let the long-term story work in the background.

What it means for people moving here

If you're relocating from out of state, rankings like this are part of why Nashville keeps showing up on your list. The bigger question is which part of Middle Tennessee fits the way you want to live. Lake life, small-town feel, acreage, or close-in city convenience all look very different on a map, and that's where a local guide helps.

FAQ

Where does Nashville rank in Emerging Trends in Real Estate 2027?
Nashville ranks #2 among U.S. markets for overall real estate prospects. Only Dallas-Fort Worth ranked higher.

Where did Nashville rank last year?
Nashville was #6 in the 2026 report.

Who publishes the Emerging Trends report?
PwC and the Urban Land Institute publish it every year. The 2027 edition is the report's 48th.

Does the ranking mean Nashville home prices will rise?
Not directly. The report measures investment and development prospects across all property types, not residential home prices. For what your home is worth today, a local market analysis is the better tool.

Thinking about buying or selling in Middle Tennessee? Call or text me at (615) 585-0022. It matters who you hire to represent you.

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Source: PwC and the Urban Land Institute, Emerging Trends in Real Estate 2027.