Nashville's Affordable Housing Crisis: Solutions and Reforms Needed

Nashville, once known for its hot housing market, is now facing an affordability crisis as high prices and rising rates push residents out of the market. The city's vacancy rate is the highest it's been in 20 years, leading to an increase in homelessness. Despite an increase in home inventory, residents are finding it difficult to afford the average cost of a home, which is over $450,000. Many are turning to Airbnb as a short-term rental alternative. The city is aware of the housing issue and is investing in combating homelessness, but some residents are concerned about the lack of affordability and the city's infrastructure's ability to support its growth.