Nashville Among The 10 Most Affordable Big Cities In The US

Dated: 10/29/2014

Views: 1098

by TJ Anderson

A truth we can’t deny: Nashville is growing rapidly, and with that, its place on the affordability scale has been changing. But even while a lot of us are worrying about living affordably in a city we love, folks on the outside are praising us: A new study in Kiplinger's Personal Finance counted Nashville among the 10 Most Affordable Big Cities in the U.S. (No. 4, to be exact.) 

The rankings were based on living costs, home values, unemployment rates and other factors, and Nashville’s place on the list tells us that, nationwide, we’re still doing well in terms of livability.

We work with homebuyers whose needs go across the board here — from people looking for large estates in Franklin to young couples looking for an affordable first home in a desirable neighborhood — and we take huge pride in helping every one of our clients. But given that Kiplinger tidbit, I thought I’d share something for the latter group: five affordable homes on the market right now in great Nashville neighborhoods.

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1015 Fatherland St., Apt. 209, Nashville


Getting into East Nashville around the 5 Points area on a tighter budget — particularly if you want an updated space — is tough these days. But it’s doable. This clean and open Fatherland Street condo puts you within walking distance of tons of East Nashville’s widely praised restaurants and shops, with 2 beds and 2 baths, well under $250,000.

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1147 Kirkland Ave., Nashville


Inglewood is becoming a more and more desired part of East Nashville (the growing restaurant and shops landscape there doesn’t hurt), and with some hunting, it’s still possible to find a good amount of updated space for under $200,000. This one has a great mix of historic charm and clean updates and a treed lot that’s quintessentially leafy-Inglewood.

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1106 Birdsall St., Old Hickory


I listed Historic Old Hickory Village among a crop of up-and-coming Nashville-area neighborhoods a few months back, and I think it has a lot going for it: proximity to Old Hickory Lake and a great marina, cool historic homes, a tight-knit neighborly feel. This house has a lot of charm and great space for the money (4 bedrooms and 2 baths, nearly 1600 square feet), plus it's smack in the middle of the Village.

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326 Blue Hills Dr., Nashville


Proximity-wise, Donelson has a lot of perks: It’s right on Briley, a hop from East Nashville and a hop from the Interstate. But the area itself is growing a ton too, with new businesses, vibrant community involvement and a really solid farmers market. If you’re thinking about setting up there, here’s a peek at the possibilities: a classic mid-century brick ranch with a lot of original detail, half an acre of leafy land and a really gorgeous deck to enjoy that greenery from, well under $200,000 asking.

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105 Lutie St., Nashville


Woodbine’s another rapidly growing (and increasingly praised) part of the city that’s well worth a look if you’re a first-time buyer on a budget. Right here: new construction with 3 beds and 2 baths and great curb appeal under $200,000.
Do any of these homes catch your eye? Have other areas you'd like to look at? I'd love to help. Just drop me a line.
(Top skyline photo by Kyle Simourd)
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TJ Anderson

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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