2018 Home Values and Rental Prices in Nashville
People are moving into Nashville every day. Some reports state that Nashville grows by as much as 100 people per day. According to The Tennessean, Nashville experiences a growth of 1.8% per year. This is largely due to an increase in employment opportunities and the fact that Nashville remains a music capital in the United States. People are flocking to Nashville.
One obvious question that many people must answer before moving to Nashville though is what’s the cost of living? How much does an average home cost in Nashville? How much does apartment rent typically run in Nashville? Whether you’re moving to Music City to become a music star or moving for other work opportunities, having a place to stay is a top priority.
Over the past year, Nashville home values have increased by nearly 10%. Currently, the median home value in Nashville is $259,300 an increase by as much as $30-$100,000 when compared to neighboring cities such as Smyrna, Goodletsville, and Clarksville only 30 minutes to an hour away. The convenience of being in the metro area does come with a price. A quick look at 2018 home listings in Nashville will show the average home on the market is right around $330,000, however home that have sold recently give a little glimpse into the reality of the home market in Nashville.
Apartment homes are truly a rising development in the market right now. There are countless new apartment communities under construction every day in Nashville. Currently, the average price of an apartment in Nashville is $1,675, which is slightly higher than neighboring cities but not by much.
If you are thinking of moving to Nashville, finding housing should not be an issue as long as you know what to expect. The cost of living in Nashville is higher than an average city in the US. Nashville is geared to families and singles and very diverse. There are many things to do in Nashville that will keep you busy for years to come.
If you’re considering moving to Nashville and would like to schedule a call about moving here, we’re here to help. We provide reliable and affordable moving services in state and out of state. Call today or fill out our form to get a free quote.