TN · MSA 34980
Nashville-Davidson--Murfreesboro--Franklin construction cost per square foot
By Severance Calculator Editorial · Updated
Regional baseline
The Nashville-Davidson-Murfreesboro-Franklin MSA sits in the East South Central Census division (NAHB 2024 median custom $/sqft = $148). ACS 5-year (2023) reports a $376,800 median home value across the MSA — well above the regional baseline, reflecting sustained in-migration and Williamson County premium markets.
Why the Nashville-Davidson--Murfreesboro--Franklin metro modifier matters
BLS QCEW NAICS-23 construction wages for the Nashville-Davidson-Murfreesboro-Franklin MSA averaged $77,196 in 2024 (computed from the NAICS-238 specialty trades subsector aggregate), a modifier of 0.952 vs the US baseline of $81,054 — modestly below the national mean.
Local labor market
Tennessee is a right-to-work state with low union density in residential construction. Sustained Williamson and Davidson County in-migration has kept framing and finish trades near full utilization; the labor market materially tightened after the March 2020 tornado.
Post-disaster reconstruction premium
The March 2020 Nashville tornado (EF-3, downtown and East Nashville) and the December 2023 middle-Tennessee tornado outbreak (Hendersonville, Clarksville) are recent reference events. Severe convective storms, hail, and ice storms drive most claim activity. The 2010 Cumberland River flood is a reference event for flood exposure outside mapped FEMA zones.
FAQ — Nashville-Davidson--Murfreesboro--Franklin construction cost
- What does it cost per square foot to rebuild a home in Nashville-Davidson--Murfreesboro--Franklin?
- The Nashville-Davidson-Murfreesboro-Franklin MSA sits in the East South Central Census division (NAHB 2024 median custom $/sqft = $148). ACS 5-year (2023) reports a $376,800 median home value across the MSA — well above the regional baseline, reflecting sustained in-migration and Williamson County premium markets.
- Why is Nashville-Davidson--Murfreesboro--Franklin more or less expensive than the regional median?
- BLS QCEW NAICS-23 construction wages for the Nashville-Davidson-Murfreesboro-Franklin MSA averaged $77,196 in 2024 (computed from the NAICS-238 specialty trades subsector aggregate), a modifier of 0.952 vs the US baseline of $81,054 — modestly below the national mean.
- What does the Nashville-Davidson--Murfreesboro--Franklin labor market look like for residential construction?
- Tennessee is a right-to-work state with low union density in residential construction. Sustained Williamson and Davidson County in-migration has kept framing and finish trades near full utilization; the labor market materially tightened after the March 2020 tornado.
- How do post-disaster events change rebuild cost in Nashville-Davidson--Murfreesboro--Franklin?
- The March 2020 Nashville tornado (EF-3, downtown and East Nashville) and the December 2023 middle-Tennessee tornado outbreak (Hendersonville, Clarksville) are recent reference events. Severe convective storms, hail, and ice storms drive most claim activity. The 2010 Cumberland River flood is a reference event for flood exposure outside mapped FEMA zones.