Nashville tops list of losing bang for your buck in million-dollar homes

NASHVILLE, Tenn.--A new report finds $1 million won't get you as much in Nashville compared to 5 years ago when it comes to housing.

A new report by Zillow cited by Bloomberg found among the nation's 100 largest cities, Nashville leads the nation in getting less bang for your buck.

Compared to 2014, homeowners are getting 27.7% less square feet in a $1 million home. This year, the median home size for that price tag will net you 3,637 per the report. That is 1,392 square feet less than 2014's average of 5,029 square feet.

While homeowners will still get over double the home compared to cities like Oakland, San Francisco, and New York, a strong economy and growing population have added to demand, causing the change.

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