NASHVILLE Investment Analysis

Investment Property in NASHVILLE, TN

Discover Investment Performance Rent Prices Top Properties Insights

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NASHVILLE

Nashville is the capital and most populous city of Tennessee. Nashville enjoys an ethnically diverse population of 690,000 residents, which makes it the 24th largest city in the US. The sizeable population combined with the fact that 48% of the residents rent rather than own a home is a good indicator for those considering investing in the Nashville real estate market, especially when it comes to traditional rental properties.

Located in northern Middle Tennessee, Nashville features a strong, diverse economy. This is a very positive indicator for real estate investors regardless of the strategy they are interested in. Indeed, POLICOM ranked Nashville as the strongest Metropolitan area economy in the US as a result of the consistent long-term growth. The largest industry in the Athens of the South is health care as the city hosts over 300 health care companies. The automotive industry has been gaining importance in recent years. Moreover, nicknamed “Music City”, Nashville is the second largest music recording and production center (after New York City) and is considered the home of country music. Other major industries include finance, insurance, and publishing. The diverse economy is another positive signal for Nashville real estate investors.

Nashville is a busy tourist destination with over 14 million visitors per year. The main attractions comprise of country music-related events, performances, and buildings as well as historic sites and arts centers and museums. Furthermore, Nashville is home to a full-scale replica of the Parthenon, which is one of the reasons why the city is often called the Athens of the South.

The Nashville real estate market is a strong one with a positive outlook. PWC named Nashville as the 5th most important US Market to Watch in terms of overall real estate perspectives. Some of the factors creating the favorable conditions in the Nashville housing market include the fundamental demographic and economic shifts as well as the relocation of a major financial services company there.

NASHVILLE, TN Real Estate Investment Performance

PROPERTY SALE PRICE

$474,716

Median

2,202

Avg/Sq.ft.

CASH ON CASH RETURN

1.00%

Traditional

N/A

Airbnb

RENTAL INCOME

$ 1,436

Traditional

$ 1,757

Airbnb

RENTAL INCOME

$ 1,436

Traditional

$ 1,757

Airbnb

NUMBER OF PROPERTIES

8,403

Investment

29,496

Airbnb

69

Traditional

26%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

2,831

Number of homes sold

70

Median days on market

98%

Average sale-to-list price ratio

33%

Percentage of listings with price drops

8,403

Active listings count

4,768

New listings count

5.7

Months of supply

NASHVILLE, TN Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 1,080	$ 1,654	$ 2,086	$ 2,433
Traditional	$ 1,832	$ 2,010	$ 2,569	$ 3,154

Airbnb

1 ROOM	$ 1,080
2 ROOMS	$ 1,654
3 ROOMS	$ 2,086
4 ROOMS	$ 2,433

Traditional

1 ROOM	$ 1,832
2 ROOMS	$ 2,010
3 ROOMS	$ 2,569
4 ROOMS	$ 3,154

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Investment Properties for Sale in NASHVILLE, TN

$85,995

MLS EE01603AF281

Churchill (Old Hickory) Plan, Nashville, TN 37115

Archwood Acres

Manufactured Home

3 beds 2 baths 1,280 sq.ft.

CAP RATE Trad. 4.49% Airbnb 10.41%

City Name	Property price	Cash on cash return		Rental Income		No. of Properties	Airbnb Occupancy Rate
City Name	Median	traditional	Airbnb	traditional	Airbnb	No. of Properties	Airbnb Occupancy Rate
Memphis	$202,950	6%	2%	$1,684	$1,322	1,720	21%
Kingsport	$301,750	5%	1%	$2,071	$1,283	502	23%
Johnson City	$377,333	4%	1%	$2,079	$1,643	376	21%
Bristol	$275,000	5%	2%	$1,873	$1,408	193	22%
Jamestown	$339,998	5%	1%	$2,237	$1,289	153	14%
Elizabethton	$314,900	5%	1%	$1,858	$835	129	22%

$474,716

Median

2,202

Avg/Sq.ft.

1.00%

Traditional

N/A

Airbnb

$ 1,436

Traditional

$ 1,757

Airbnb

$ 1,436

Traditional

$ 1,757

Airbnb

8,403

Investment

29,496

Airbnb

69

Traditional

26%

Airbnb occupancy rate

2,831

Number of homes sold

70

Median days on market

98%

Average sale-to-list price ratio

33%

Percentage of listings with price drops

8,403

Active listings count

4,768

New listings count

5.7

Months of supply

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