Investing In Nashville Rental Properties

Nashville is the capital of Tennessee and home to Vanderbilt University, Grand Ole Opry and Gaylord Opryland Hotel. US News listed Nashville as the #1 best places to live in Tennessee and as the 23rd fastest growing cities in the US. With 100-people moving to Nashville daily and a population of 692,587 and climbing, it is easy to see why.

Nashville has seen some of its largest growth in the last few years. Ask any local and most of them will agree, Nashville’s skyline is ever changing. Nashville is known for Country Music, Honky Tonks and most recently, home of bachelorettes! But did you also know that Nashville dominated U.S. News and World Reports high school ranking in 2019, with Central Magnet, Hume-Fogg and Merrill Hyde among the top? That’s right, Nashville also has a top-notch education system.

Nashville has experienced a housing boom and not showing any signs of slowing down. The median price for a residential single-family home in 2020 was $349,000, and for a condominium, it was $245,000. Although the rental market is booming as well, you may find it a little less expensive to rent, with the average rental rate between $1,000.00 to 1,500.00 monthly (depending on the size, location and style). There are so many neighborhoods in Nashville to choose from, you are sure to find your best fit! So whatever brought you to Nashville, you will love the diversity, the country side and the southern hospitality we have all come to call home!