Nashville, TN
Nashville Real Estate and Homes For Sale
CityLearn about Nashville
What is Nashville known for?
Located in Davidson County, the city of Nashville is the anchor to a metro population of nearly 2 million residents. The growth of Nashville has caused residents to expand outside of city limits and explore neighboring cities such as Gallatin and Hendersonville to the north, Mount Juliet and Lebanon to the east, Franklin and Brentwood to the south, and Pegram and White Bluff to the west. Much of this growth is thanks to a lower cost of living and a strong local economy. Tennessee has a favorable tax rate for residents and businesses alike. Many businesses are relocating their corporate headquarters to Nashville in response and residents from high-tax states such as California and New York are moving to Nashville daily.
Who is Nashville a good fit for?
If you’re a fan of great food, live music, and endless entertainment, then you’ll want to consider planting your roots in Nashville, Tennessee. Although Music City gained its notoriety for the lively Honky Tonks on Broadway, the city isn’t just for music aficionados. The favorable cost of living, low unemployment rate, and rapid development make it a great place to raise a family or even begin your professional career.
Homes for sale in Nashville
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Pros & Cons of living in Nashville
Pros
- Endless entertainment and live music.
- Favorable cost of living for a metropolitan city.
- Low unemployment rate & rapid development.
Cons
- Public transportation is not the most efficient.
- Heavy traffic.
- Intense humidity during the summer months.
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How to get around in Nashville
The average one-way commute time for those living in Nashville is approximately 26 minutes. Some neighborhoods in Nashville are very walkable, however, depending on where you live and work, you’ll likely need a car. WeGo is the city’s public transportation bus system. It operates throughout Nashville and Davidson County, but most of the bus routes run closer to the downtown region. Using the public transport system is not as common in Nashville as compared to many traditional metropolitan cities.
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Parks and Recreation in Nashville
Even with the rapid development occurring in Nashville, the city still offers a variety of green spaces and parks. Bicentennial Capitol Mall State Park features 19-acres of land and stunning capitol views. The location hosts a number of local events, such as the Nashville Farmers Market. Centennial Park is another popular park centrally located in Nashville. It stretches over 132-acres and is home to the iconic Parthenon replica. Additional favorite parks located throughout the city include Cumberland Park, The Warner Parks, and Radnor Lake.
Cumberland Park
592 S 1st St, Nashville, TN 37213
Cumberland Park is a play space for children and families and a location for events. There is a stone climbing wall, spray park, bouncing pad, a maze, see-saws, and an outdoor amphitheatre for events.
Crime in Nashville
In the past year in Nashville there were 41% more assaults, 32% more burglaries, 41% more robberies, 44% more vehicle thefts compared to the national median.
According to Neighborhood Scout, Nashville has one of the highest documented crime rates in the nation. While this is likely influenced due to tourism, both property and violent crime rates are exceptionally high. One thing to note about the crime rates is that it does vary by area. Certain neighborhoods are less affected by crime, whereas others have higher reports. Nashville’s metropolitan police department partners with Crime Mapping to disclose reported crime in various areas of the city.
Cost of Living in Nashville
Nashville’s overall cost of living is comparable to the U.S average. While housing costs are the highest expense category, it is still favorable for a metropolitan city. According to Sperling’s Best Places, the median home cost in Nashville is $341,700. Renters account for roughly 41.9% of the residential population, and the average rental price for a one-bedroom unit is around $1,049.
- Education costs 1.30% more than the national average.
- Entertainment costs 6.40% less than the national average.
- Food costs 0% more than the national average.
- In Nashville utilities costs 2.70% more than the national average.
- Healthcare costs 13.5% less than the national average.
Overall, Nashville’s cost of living is 0.5% less expensive than the national average.
Job Market of Nashville
436,563 Total Popultation
The median household income in Nashville is $56,597 and the average household income in Nashville is $71,966. 15.56% of the population people works in Healthcare, 11.49% works in Education, and 11.48% works in Retail.
Real Estate Trends of Nashville
Music City as it's known is mostly comprised of single-family homes although Downtown Nashville has a number of luxurious high-rise residential condos. The residential real estate boom Nashville is undergoing is largely the result of a city-wide housing shortage. Even though Downtown Nashville seems like it has been taken over by cranes and new construction in the suburbs, people are moving to the city faster than developers can provide extra housing. As long as home buyers are competing over a limited number of desirable properties, home values should continue to skyrocket. This isn’t to say, however, that all Nashville neighborhoods are created equal. To treat the city as a real estate monolith would be selling short the astounding housing variety within city limits.
Although most options do not come cheap, Nashville offers homeowners everything from the Gulch’s downtown penthouses (typically 1,000 - 2,000 square feet) to the tree-lined suburban avenues of Green Hills (typically 2,500 - 4,000 square feet). Whatever style of living you're seeking, it’s somewhere to be found in Nashville’s patchwork of distinctive neighborhoods. Homes in exceptionally walkable areas, like East End, often list for anywhere from $400,000 to over $1,000,000. Places like Germantown, with easy access to Downtown, feature properties that range from around $500,000 to three times that much. Those looking for a more affordable entry into the city limits might consider settling in the Antioch, Bellevue, Donelson, or Madison neighborhoods. Many of the homes in these neighborhoods were built in the 1960s and 1970s but have since been updated.
Since becoming a homeowner in Nashville often represents a considerable financial commitment, it’s wise to get to know the character of each neighborhood to find the one best suited to your lifestyle and budget. Once you become well-acquainted with the real estate market of your desired area, you’ll have all the tools to secure your future in Nashville, Tennessee.
The greater metro real estate market continues to be one of the hottest in the United States. While much of the country has watched their home prices decline in 2022, Nashville’s housing market has remained relatively resilient. Even in 2022, a year defined by rising interest rates and a weakening real estate market, the median sale price of a Nashville home has increased by 8.7%. This momentum doesn’t seem to be slowing any time soon. As the Nashville real estate market experts, we at Felix Homes expect the city’s median home values to continue to rise throughout 2023. One of the main factors that cause a real estate market to decline is the rate of foreclosures. Luckily, the influx of businesses and residents moving to Nashville, combined with a historically low inventory of homes for sale means the Nashville market will likely be shielded from a rise in the rate of foreclosures. Open houses in the Nashville market are most commonly held on Sundays from 2:00PM - 4:00PM.
Purchasing a home in Nashville is a good investment due to the city’s rapid development, growth, and low unemployment rate. The city has a favorable cost of living, especially compared to many metro cities, and buyers can choose from several affordable properties.
Reviews of Nashville
Share your opinion about Nashville with former, current and prospective residents.
“Nashville as an entire city is so diverse.”
Nashville as an entire city is so diverse. It really has something for everyone. There are neighborhoods for families or single people. There are areas that feel very suburban and areas that feel like you are living in a large city. There are even parts of Nashville that still have farmland. I love that I can go to different parts of the city and find different foods and cultures, and because Nashville is always changing these neighborhoods stay dynamic. I will admit that I do not like going downtown, so I urge all visitors to look beyond the honky-tonks of broadway.
- crosbydigitalmarketing2“The city of Nashville is so awesome!”
The city of Nashville is so awesome! It is growing like crazy, even if you’ve been in the last five years it likely looks totally new. I’ve spent time on the West Coast & in Chicago, and living in Nashville is truly a great experience. There are so many neighborhoods located all around the city center and they each have a unique vibe. Some of my favorites include Germantown, The Gulch, and 12 South. Many areas in Nashville are also up and coming, so you can likely find great prices on homes! The surrounding suburbs are also beautiful, have top-performing schools, making it an ideal spot for raising a family! Some of my favorite surrounding areas include Franklin, Green Hills, and Nolensville The one downside to Nashville is the lack of public transportation around the urban center, so you can likely count on needing a car (depending on where you live/where). However, many of the downtown neighborhoods are very walkable though & the city has electric shareable scooters!
- UnknownFAQs
What is life in Nashville like?
When living in Nashville, you can expect a rockin’ music scene, lively nightlife entertainment, and a variety of good eats. The metropolitan city is rapidly growing, and each neighborhood has a unique atmosphere. Nashville has something great to offer for everyone.
Why are homes in Nashville a good investment?
Purchasing a home in Nashville is a good investment due to the city’s rapid development, growth, and low unemployment rate. The city has a favorable cost of living, especially compared to many metro cities, and buyers can choose from several affordable properties.
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The data relating to real estate for sale on this website comes in part from the IDX or Internet Data Exchange Program of the REALTRACS MLS. Real estate listings held by brokerage firms other than Felix are marked with the REALTRACS Internet Data Exchange Program logo. REALTRACS and Felix deem all information is believed to be accurate but not guaranteed and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation. © 2024 of the REALTRACS MLS. All rights Reserved.
