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It would be impossible to guarantee that the current-day affordable Nashville suburbs will continue to remain affordable. As Nashville continues to be the “it” city, it’s likely that prices will rise in many different locations. For now, we’re encouraging those on the hunt for a bargain to capitalize on the deals within these areas now. Nashville has a median home sale price of $440K, a 11.4% increase from last year. Homes stay on the market for an average of 62 days and receive an average of 2 offers.
We’ll explore some of the different things to do in each place and help you weigh out the cost-saving benefits. In this post, we’re specifically focusing on the Nashville suburbs. If you’re interested in exploring affordable neighborhoods located in Nashville-proper, check out this article we wrote on the most up-and-coming Nashville neighborhoods. YP - The Real Yellow PagesSM - helps you find the right local businesses to meet your specific needs. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page.
Public Housing Agencies Serving Nashville, Tennessee
Located just 45 minutes away from Nashville amenities including The Ryman, shopping, public services and employment centers. Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Affordable homes near Nashville TNare almost a thing of the past but there are still some pockets of great value left in the Nashville area. Located just 45 minutes away from Nashville amenities including The Ryman, shopping, public services, and employment centers.
We sorted our findings by location and average sale price, as opposed to the average price per square foot. We felt the average sale price gives a more realistic representation of a location’s affordability. In this article, we’re breaking down the most affordable Nashville suburbs.
Some Clarification Is Needed On Our List Below
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.
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811. Affordable Housing programs support 11,857 income based apartments in Nashville where households pay rent based on how much they earn. Most Nashville suburbs will require you to have a car, and while this may hold true in the city neighborhoods too, your daily commute will likely increase. Your back and forth drive is an expense you’ll definitely want to consider if you commute downtown. Not every suburban location is cheaper than living in the city center.
Cheap Homes for Sale in Nashville, TN
Columbia may sit 45 miles out from Nashville’s city center, but the low-priced homes make the distance worth it. Also, many of the homes here feature an abundance of land. The small-town Southern vibe is easy to love, and its prominent arts and music scene make it even better. You can find a great deal on many of the homes in La Vergne, Tennessee.
You’ll want to factor in your total expenses before making a final decision. Upfront a low-priced home may seem like a great deal, but you’ll want to always look at the overall picture. Living in the suburbs doesn’t mean you’ll have to compromise on having fun.
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.
It should also continue to appreciate in value as more people move to Music City, resulting in even more money in your pocket. And, you never know, maybe that suburb will even become the new popular hotspot. Many of the most affordable Nashville suburbs are also recognized as some of the safest places to live in Tennessee. As with any destination, you’ll notice some areas with higher reported crime and some sections with low crime.
Well it depends on the area and what kind of property you’re looking to get. Of course, it all depends on how you financed the property, your rental strategy, and of course, the area. Nashville is the capital and the most populous city in the state of Tennessee. The city is the county seat of Davidson County and is located on the Cumberland River.
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.
Daily ticket prices are reasonable, and guests are even welcome to bring in their own food. Also not far from Downtown Nashville is Arrington Vineyards, a beautiful wine vineyard situated amongst the rolling green hills. Admission is free and guests can also bring food for a picnic. Mark your calendars for Music in the Vines, a free concert that takes place at the vineyard every Saturday and Sunday between the months of April and October. In order to provide you with the most accurate information, we’ll be analyzing historical data provided from the MLS . The statistics we examined are single-family home sales from the past year in Middle Tennessee.
Watertown may be small in size, but its charm and affordable home prices are sure to win you over. It’s also one of the safest places to live in Tennessee, with only 14 reported crimes for last year. With all that this Southern city has to offer, it’s no wonder that nearly 690K residents live in Nashville and many out-of-towners are moving in.
Search Affordable Homes For Sale Near Nashville Tn
Great location in Belle Meade with 2 grocery stores, Starbuck, and the Green way across the street. Building was built in 1942, very solid but with high maintenance costs. These condos don't even show up on searches for people looking to move to this area because they wouldn't expect to find something so affordable in this location. Reasons to find houses to buy in Nashville are at an all time high. Try our tenant screening, or post rental listings to Zumper, Craigslist Nashville, and more. Are you planning to make the transition from renting to owning soon?
In fact, the cost of fun can even come at a much lower price tag compared to Nashville’s city center. Standard food costs, drinks, and even shopping can run you higher in the metropolitan hub than in many of the surrounding suburbs. Affordability based on whether a suburb is less than the median sale price of Nashville and under a 45 minute drive from downtown Nashville.
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