Have you taken a peek at any lists of “top X real estate markets 2018” lately? Whether from Forbes, Zillow, or right here on Mashvisor, Nashville neighborhoods and their real estate investment properties land a notable spot on almost every list.
It doesn’t matter if a real estate investor is looking into the best cities for Airbnb investment or the best cities to buy rental property to rent out long term, the Nashville real estate market 2018 takes the cake.
Before we name the 7 best neighborhoods in Nashville to buy investment properties this year, let’s explore why the Nashville real estate market 2018 is one of the hottest real estate markets in the current housing market.
Nashville Neighborhoods in the Fastest Growing Economy
Did you know that real estate investors are flocking to buy rental property in Nashville neighborhoods because of the booming economy? It’s true. Real estate investing and the success of an investment property rely heavily on the state of the local economy. Nashville real estate investors (current and soon-to-be) will be happy to know that the Nashville real estate market 2018 is found in a city that was ranked in the top 5 metropolitan economies for this year. This is according to a study based on twenty-four different factors studied over a period of twenty years by POLICOM.
What’s even more interesting to note about the ranking of the Nashville real estate market is that last year (and the year before that), the city held the spot of #10. Jumping to #4 in one year shows that Nashville neighborhoods are a top choice for real estate investing as they fall in one of the fastest growing economies in the nation.
Nashville neighborhoods and their investment properties are waiting for you! Invest in real estate in one of the top economies in the nation. Click here to get started.
Who’s to thank?
To what does the Nashville real estate market owe the honor of placing #4? For one, the diverse economy plays a huge role in its quick growth and the success of Nashville real estate investment properties. Top, unwavering industries here include healthcare, education, financing and accounting, as well as law and technology. Airbnb Nashville is driven by, not only these industries but also the oh-so-important industry of tourism (more on that later).
What comes with the title of one of the fastest growing economies in the current housing market? Job growth. January 2018 saw one of the lowest unemployment rates in the nation (for places with 1 million people or more) across all Nashville neighborhoods coming in at 2.7%! This is thanks to 2017 bringing fast job growth to the Nashville real estate market.
Why does this concern Nashville real estate investors?
If you’re new to real estate investing, we may have almost lost you. Economy? Job growth? Where are the Nashville real estate investing facts? But an expanding economy based on multiple resilient industries and rapid job growth means higher demand for Nashville investment property. It’s as simple as that.
Of course, demand for investment properties is only one element pushing real estate investors to rush into Nashville neighborhoods in search of the best real estate investments. Let’s dive deeper into the Nashville real estate market 2018.
Nashville Real Estate Market 2018- The Experts Weigh In
Putting the success of external factors aside for a minute, the Nashville real estate market 2018 is prospering. A Nashville investment property is bringing a good return on investment for investors, even with the high median house price found in Nashville neighborhoods. Take a look at the numbers outlined below (provided by Mashvisor’s investment calculator).
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The Nashville real estate market 2017 was a hot one and real estate investments in Nashville neighborhoods are still on fire! Real estate experts weighed in and all had one resounding opinion: the Nashville real estate market 2018 will continue to be a strong one. Even if by 2020 the selling and buying of Nashville real estate will stabilize, it won’t be slowing down for years to come.
These unanimous forecasts for the Nashville real estate market 2018 can be found in some of Zillow’s numbers. A “hot real estate market” is associated with growth in median home price as well as investment property flying off the market and that’s what we are seeing for Nashville investment property. Zillow predicts that on top of the impressive 12.2% growth from 2017, Nashville real estate prices will increase another 4.1%.
While some are labeling the Nashville real estate market 2018 as a seller’s market, other real estate experts are noticing that days on the market are increasing, even if slightly. The median sales price (according to Zillow) is somewhat lower than the median listing price. All of these add up to show a kind of balance between a seller’s market and a buyer’s market in the Nashville real estate market 2018, even with the shortage of housing inventory (which is an issue of the current housing market on a national level).
Is now a good time to invest in Nashville real estate?
Now is the time to buy a Nashville investment property. Why? Even though the US housing market is a seller’s market, Nashville real estate seems to be working independently of the general trends. With a cooling seller’s market, buyers have some room for negotiation.
Besides this, buyers will get their money’s worth with a Nashville investment property (only in the top Nashville neighborhoods, of course). The city remains a magnet for all kinds of tenants for a number of reasons, most notably the lack of personal income tax.
What’s the Deal with Airbnb Nashville?
As mentioned, Airbnb Nashville has placed the city among the best cities for Airbnb investment 2018. On top of all the other records broken and rankings Nashville won in 2017, it brought in the grand prize for tourism with over 14.5 million visitors in one year.
The busy business centers bring Airbnb guests for conventions, meetings, and interviews to Airbnb Nashville investment property. Along with that, the cultural and country music scenes are just a few of the kinds of attractions that pack hotels and Airbnb investment properties alike in Nashville neighborhoods.
14.5 million visitors?! Find an Airbnb Nashville investment property right now and take advantage of the upcoming summer and holiday season before it’s too late. Click here to start your search.
Don’t forget to always check Airbnb regulations by city as well as for individual Nashville neighborhoods. Look for Airbnb friendly areas that won’t cut into your return on investment and allow you to run an Airbnb investment property smoothly and legally.
The Best Neighborhoods in Nashville for Real Estate Investing
We know we’ve given you all the right reasons to invest in either Airbnb Nashville or long term investment properties in Nashville neighborhoods. However, a real estate investor has to know exactly where to invest in real estate for success. Mashvisor’s investment calculator can show you the best neighborhoods in Nashville for real estate investing.
The Best Neighborhoods in Nashville for Airbnb Real Estate Investing
Shephardwood
Median House Price: $197,400
Airbnb Rental Income: $2,550
Airbnb Cash on Cash Return: 10.17%
Airbnb Cap Rate: 10.17%
Airbnb Occupancy Rate: 53.7%
Bellewood Park Apts
Median House Price: $375,000
Airbnb Rental Income: $2,345
Airbnb Cash on Cash Return: 4.21%
Airbnb Cap Rate: 4.21%
Airbnb Occupancy Rate: 38.69%
Maplewood Neights
Median House Price: $352,450
Airbnb Rental Income: $1,715
Airbnb Cash on Cash Return: 3.72%
Airbnb Cap Rate: 3.72%
Airbnb Occupancy Rate: 33.69%
CCSI (South Inglewood)
Median House Price: $319,900
Airbnb Rental Income: $2,006
Airbnb Cash on Cash Return: 3.68%
Airbnb Cap Rate: 3.68%
Airbnb Occupancy Rate: 34.56%
East Hill
Median House Price: $354,900
Airbnb Rental Income: $2,274
Airbnb Cash on Cash Return: 3.54%
Airbnb Cap Rate: 3.54%
Airbnb Occupancy Rate: 35.64%
The Best Neighborhoods in Nashville for Traditional Real Estate Investing
Maplewood Neights
Median House Price: $352,450
Monthly Traditional Rental Income: $1,797
Traditional Cash on Cash Return: 4.04%
Traditional Cap Rate: 4.04%
Burchwood Gardens
Median House Price: $284,500
Monthly Traditional Rental Income: $1,681
Traditional Cash on Cash Return: 3.28%
Traditional Cap Rate: 3.28%
CCSI (South Inglewood)
Median House Price: $319,900
Monthly Traditional Rental Income: $1,869
Traditional Cash on Cash Return: 3.1%
Traditional Cap Rate: 3.1%
Inglewood (Riverwood)
Median House Price: $289,900
Monthly Traditional Rental Income: $1,712
Traditional Cash on Cash Return: 2.62%
Traditional Cap Rate: 2.62%
East Hill
Median House Price: $354,900
Monthly Traditional Rental Income: $1,905
Traditional Cash on Cash Return: 2.54%
Traditional Cap Rate: 2.54%
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Invest in any one of these Nashville neighborhoods right now and you’ll see a good return on investment, either in rental income or in real estate appreciation if you sell in time. Don’t wait! Invest in the Nashville real estate market 2018 while it’s hot and you won’t be sorry!