Nashville’s Property Scene Is Heating Up, And Here’s Why

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With its diverse culture, Nashville is fast becoming one of the most sought after locations in the U.S. According to reports from Trulia, the median home sales increased by $14,900 (5%) over the past year, along with the cost per square footage. While Nashville is often seen as the home for musicians and creatives alike, there is also a strong business vein that courses along the Cumberland. If it’s not the tunes nor local industry that gets you all excited, perhaps the culinary trails will thanks to the delicious concoction of influences that stem from all those who call Tennessee home.

Uber Cool Neighborhoods And Famous Faces

Nashville is an unforgettable stop on anyone’s itinerary and it’s hardly surprising that once visited, those who have rested their feet here temporarily will want to do it again. Hillsboro Village stands out as one of the hottest neighborhoods with its vibey stores and coffee shops. Nestled between Vanderbilt University and Belmont University, this is the go-to neighborhood in Nashville for tourists and students. Those who want to settle down in an area that could potentially see them brushing shoulders with some famous faces should consider Green Hills for their next abode.

Investment Potential Thanks To Diverse Properties

A diversity of renters awaits property investors who settle on Nashville as the recipient of their large chunk of cash. Those who need a steady and traditional tenant should look towards areas such as Croley Wood and Sylvan Heights. Investors who prefer a little more flexibility than that will find that Cleveland Park and West End Park are ideal for Airbnb rentals. These investments could quickly convert into a forever home and those who may require some extra cash, won’t need to sell as these properties build up equity fast if the current figures are anything to go by. Equity finance provides cash at low cost, as the property mitigates some of the risk for institutions.

Lifestyle Options That Rival The Greats

Nashville is a city for families and professionals alike, thanks to a diverse range of activities both day and night. It ranks at number 60 in the Best Cities for Young Professionals category, and the nightlife is a good contributor of that. Bistros, honky tonks, and clubs offer variety and a thriving music scene that is only bested by the fine gastronomical fare on offer too. Local artisanal beers, gins, and wines make for a good night out.

While property prices climb and make for some steady competition on the real estate front, Nashville is fast becoming a go-to destination for those who wish to settle down.

Keen To Learn More About Property Investment In Nashville:
If so, this simple rental property calculator can help you figure out if the investment is likely to be profitable.