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Nashville
Nashville has seen a growth in employment in the past year due to a series of construction projects that helped the industry grow. Despite the new construction and increasing home prices, local homes have continued to stay affordable.
The population is growing more than double the U.S. rate. Single-family homes are growing the most and would most likely be the most the optimal choice for investment properties.
The amount of closings in 2016 increased by 10%, which explains the low inventory which is unusual for this city. Nashville has been listed as the third hottest housing market in the country, after Seattle and Portland, which should comfort those investing in Nashville real estate. If you considering buying investment properties, watch the mortgage rates carefully as they rose in Nashville post the 2016 presidential election.
Some perks to investing in Nashville real estate include affordable home prices, no personal income tax, high employment rate, and the low cost of living.