Nashville is a city that has been growing more and more as the years go by. If you are a real estate investor, you have likely been tempted to put some real estate investing resources into this hot city.
If you want to buy residential real estate in Nashville, the median price of residential homes sold in May 2023 was nearly $480,000.
However, you still want to make sure that you choose the right neighborhood to invest in. Which neighborhood is best for Nashville real estate? Are there any neighborhoods worth keeping an eye on?
This is your guide.
East Nashville
The first area that you should consider in the Nashville area is East Nashville. One of the biggest reasons why this is an area worth looking at is because of the location.
Out of all of the neighborhoods in Nashville, this is the closest one to the downtown area without having to be downtown. That can make it a convenient ride for people that appreciate nightlife or people that have to commute to downtown Nashville for work.
Another benefit is that it is not far from Vanderbilt University. As a real estate investor, that means that you have an opportunity to tap into that market.
You can get alumni that want to live close to their university, college students that want to live off-campus, professors that want to live close to campus, and more. This could be a good time to take advantage of that.
East Bank
Another neighborhood that you should set your sights on is East Bank. That is because there is major development planned to happen in that area over the next few years.
For those of you that follow football, you likely know that the Tennessee Titans are looking to get a new football stadium. Well, it has been confirmed that the Titans are going to get one in East Bank that will open in 2026.
As a result, the area will have a brand new stadium where tens of thousands of fans will flock to. On top of this, there are plans to develop an entertainment area around that stadium.
You can use an apartment complex here as a vacation rental for those that want to come to town to see a Titans game. Or, for those that are going to work in that new entertainment area, this may become a desirable place to live.
Go Forward With Real Estate Investing
These are two neighborhoods that you should focus your real estate investing efforts towards in Nashville. Whether you want to invest in a neighborhood that is right next to downtown or one that is currently being developed, there are some prime real estate investment opportunities in this city.
However, you may need someone to help you manage this property in the future. If that is the case, message us here to see how we can help you.
