by TJ Anderson HomesPhoto: Lonny magazine - click the image to see moreLonny magazine just gave a photo tour of Nashville fashion designer Savannah Yarborough’s downtown loft, and unsurprisingly,
A Great Time To Buy In Up And Coming Nashville Neighborhoods
If you’ve been renting in the Nashville area for a while, you’ve certainly noticed the changes in the market here — rents are rising, inventory is dwindling and keeping a handle on monthly budgets is getting more difficult for many of us.
A few weeks ago, the Wall Street Journal noted that “Nashville Rent Increases Have Residents Singing the Blues.” Among the examples: East Nashvillian David Cox, whose rent has jumped 43 percent in three years.
In July, Nashville Public Radio shared a study that said “the Nashville area is the seventh hardest place in the country to find an apartment,” and The Tennessean noted that “Nashville's rental prices, which have been rising for the past couple of years, are showing no signs of slowing down.”
In April, Nashville Business Journal said that, “More than 5,000 new apartments are scheduled to hit the market this year, a 5 percent increase to the current supply. But even that won't check the rising rents.”
TJ Anderson is a Nashville Realtor with Benchmark Realty who's helped countless clients both buy a home and sell a home in Nashville, Tennessee. He blogs about Nashville regularly, from Nashville-area....
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