AN INCOMPLETE LIST (NASHVILLE’S GOT A LOT GOIN’ ON)… Nashville. Remember Nashville? Yep—Nashville is the kid from high school that everyone ignored at parties, the kid that was into things everyone else thought was weird. Then we all graduated and watched as Nashville suddenly became the cool kid. That’s right—the city is popular now and you definitely want to consider investing in Nashville real estate . Here’s why:
IT’S GROWING
Over the last few years, Nashville real estate has seen a steady level of growth. The city is undergoing an annual home price growth of 9% and an annual job growth of 2.7%. Throw in the 6% population growth (over the next 3 years) and you’ve got one of the fastest growing cities in America.
In 2010, the city’s chamber of commerce created the Entrepreneur Center, which brought investors together and offered startups mentoring and fundraising opportunities. According to a few reports, it’s working so far—Nashville’s capital activity is rising. Investor’s have put $72 million in 21 companies so far this year, compared to $38 million in 8 companies in 2009—this means more people are coming in. Nashville also offers startups a lower cost of living than rival cities like the ones in Silicon Valley or in the Northeast.
The best part about this increase in popularity? As demand grows, homes in Nashville are under priced by 7%. An analysis determined that home prices in the Nashville real estate market will grow by 24 percent over the next three years, meaning it’s time to start considering some property investments.
IT’S AFFORDABLE
Young people and families alike are packing their bags to join startups, attend one of the many educational institutions, or provide the perfect haven to raise a family in. Why? The cost of living is low—lower, in fact, than most other metropolitan areas across the country. The city’s low cost of living combined with the job growth makes Nashville ideal for young professionals looking for greater economic freedom as well as for families with children to provide for.
These young professionals and families are going to need places to live so now is the time to give them what they’re looking for. This is where traditional rentals are to be capitalized on.
IT’S A VACATION SPOT
Vacationing in Nashville provides the perfect intersection of every aspect of leisure. The city is vibrant and diverse, offering both unique and quality experiences. As a growing food destination, the restaurants feature exceptional cuisines that are attracting foodies and bloggers from all over the world. Visitors and locals alike frequent the parks and and lakes located just outside of the city, providing the perfect balance between country and city. Not to mention, Nashville’s music history and music future—it’s the songwriting capital of the world. With all this to offer, Nashville has landed itself on the list of America’s must-visit cities.
This means Airbnb is a growing investment opportunity well-worth looking into. Set below market price, now is the time to buy and start renting out Nashville real estate properties.
IT’S FOR EVERYONE
Part of Nashville’s charm is that it attracts both permanent residents and temporary visitors alike. With the endless and growing stream of tourists coming in for the food and music festivals, Airbnb is a golden opportunity for short-term renters.
Nashville is also a family city—safe, friendly, and full of opportunity, the city is attracting more and more families. According to a report by Local Market Monitor, Nashville landed the number 4 spot for single-family real estate investment properties. Families moving to the area demanding single-family homes will enjoy the activities available in the area in a city raned one of the best for married coupes with children. With the historic disticts undergoing renvovation, this is a golden opportunity to invest in properties to rent out as traditional rentals.
With opportunities in both short-term Airbnb rentals and traditional rentals, Nashville real estate is the place to invest.
HOW TO INVEST IN NASHVILLE REAL ESTATE
Enter Mashvisor. Once you decide to start looking for properties to buy, we’re here to provide you with the data. Through real estate analysis, Mashvisor allows you to view thousands of listings in different states, cities, and neighborhoods across the US in a matter of minutes. In Nashville, we give you listings from various neighborhoods, letting you know exactly the potential income of all traditional and Airbnb properties in the area. Maximize your returns by finding our where the highest performing neighborhoods are. Gain an in-depth understanding about property value and determine your return on investment, knowing which investments in Nashville are good ones to make. We make it easier for you and deliver the Nashville real estate investment analytics on one platform so that you can make informed investment decisions.
Investing in Nashville has never been so easy.