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Due to its premier location and affordable home prices, you’ll want to act fast for purchasing a property here. It’s important to note, as with any suburb, you’ll find parts that are expensive and parts that are more affordable. All statistics referenced are based on single-family home sales from the past year in Middle Tennessee.
Smyrna is one of the fastest-growing suburbs on this list. The population is a melting pot, appealing to both those old and young. You can find several unique bars, restaurants, and plenty of shopping. In an area with so much to do, it’s a pleasant surprise to see the number of affordable single-family homes throughout the area.
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The suburb has a number of exceptional parks and recreational centers, and it even sits alongside Percy Priest Lake. It’s an ideal spot for raising a family, and the area’s public schools are highly ranked. As we mentioned before, Nashville’s popularity is on the rise. It’s likely that many of these affordable suburbs will at some point also increase their prices based on the demand. By locking in a home at a low price, you can gain a significant return on your investment.
Lebanon is another Nashville suburb with its own economic hub. The area is buzzing with emerging businesses, but it’s still quiet and appealing to families and retirees. Overall housing prices remain affordable, with the exception of the multi-million dollar mansions along Old Hickory Lake.
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A Verified Approval is based on an underwriter's comprehensive analysis of your credit, income, employment status, assets and debt. Does not apply to loans submitted through a mortgage broker. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. I would love to be your personal guide through the home buying process!
Located in a great area with variety of restaurants, shopping, and activities. Oak Hills Golf Course, you’ll have plenty of outdoor activities to do during your free time.
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Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Goodlettsville is only a short 20-minute commute from Music City, however, this area is its own economic hub. Many notable corporations, such as Tyson and Dollar General, have their headquarters located in Goodlettsville. The area also has a number of great parks and recreational centers. With so much to offer, we don’t anticipate the home prices to stay low for long.
I intend to provide you with the best real estate experience you have ever had. Clarksville is the 5th largest city in Tennessee and it’s growing fast, as a matter of fact, it’s on pace to become the 4th largest city in the state. There are lots of jobs, shopping, and entertainment options of it’s own to enjoy here in Clarksville, yet it’s only an easy 45 min commute to Music City. Sourced from federal housing data and AffordableHousingOnline.com research. Affordable homes near Nashville still do exist.You can save hundreds a month in payments and taxes by buying in Clarksville TN instead of Nashville. Ron can help you with lenders and builders who work with 203k loans or to find properties that fit the THDA down payment program.
We have what you are looking for in regards to affordable homes in Nashville TN.Our Network of Brokers and Agents will help you every step of the way. HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Nashville, the AMI is calculated from all households within Davidson County. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Nashville, a household making less than $2,907 a month would be considered overburdened when renting an apartment at or above the median rent. 47.42% of households who rent are overburdened in Nashville.
The housing inventory is fairly high, which is helping to keep costs low. While you can surely find a handful of upscale developments in the area, many of the single-family homes are still reasonably priced. Across the Cumberland River in East Nashville, you’ll find the Historic Edgefield neighborhood. It’s not just the affordable home prices and close proximity to downtown! Location is everything if you’re on the hunt for affordable housing in Spring Hill.
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One of the best neighborhoods in Nashville for those who’d prefer to live a little farther outside of the city is Green Hills! With a good mix of housing options from affordable apartments and townhomes to cozy bungalows and two-story Colonials, you can find the perfect home for your needs in this neighborhood. For families who want good local schools, Green Hills is also home to some of Nashville’s top public schools likeJulia Green Elementary SchoolandJ.T. Moore Middle School. Last on our list of affordable Nashville suburbs is Gallatin. There’s plenty of outdoor activities to do here, especially for those who enjoy being close to the water.
The average voucher holder contributes $400 towards rent in Nashville. There are no open Section 8 Housing Choice Voucher waiting lists in Nashville. Go to theTennessee Section 8 Waiting Lists page for openings near Nashville. Lastly, many of the Nashville suburban homes also fall within an HOA or homeowners association. The responsibilities and benefits of an HOA can vary depending on the area. However, the monthly HOA fees can be hefty and could impact your budget.
ColdwellBanker and see what this great growing city with a small town feel has to offer. There are lots of jobs, shopping, and entertainment options of its own to enjoy here in Clarksville, yet it’s only an easy 45 min commute to Music City. ¹ Based on Rocket Mortgage data in comparison to public data records.
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI.
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