by TJ AndersonThis prediction from Dwell magazine, from late last year, just made its way into my Facebook feed: “Step Aside, Subway Tile — Penny Tile Is the New Classic.” Penny tile,
Study Shows Baby Boomers Following Millennial Grandkids To Nashville
by TJ Anderson
The music scene, the broader creative community, the growing tech sector and more — it’s all been bringing younger residents to the Nashville area for years now, helping to fuel Middle Tennessee’s rapid population and real-estate boom.
According to a new study from real estate industry researchers Meyers Research, millennial migration to cities like Nashville is also having a ripple effect. The Meyers study tracked the migration of both 20- and 30-something millennials and baby boomers (born between 1946 and 1964), and crunched data to come up with the “Meyers Baby Chaser Index” — a rundown of cities attracting millennials first, then drawing in a wave of follow-up boomers.
Essentially, the “Baby Chasers” are grandparents who opt to retire in a locale that’s close to their family, including grandkids. And with a wave of college grads and young professionals choosing Nashville, it’s not much of a surprise that we’re among the top real estate markets on the “Baby Chaser Index.”
Cities that moving Boomers are choosing for retirement
Meyers Research’s data found that the top five metro areas enticing retiring grandparents were all around the South — Texas, Tennessee, and North Carolina, specifically.
The top “Baby Chaser” cities:
— Charlotte, N.C.
— Austin, Texas
— Raleigh, N.C.
— Nashville, Tenn.
— Dallas, Texas
Aside of proximity to pinching grandkids’ cheeks, Grandparents’ retirement needs, according to the study, included access to activities, affordability, low or no state and local income taxes, a home under 2,500 square feet but with some outdoor space, and more.
When you list it out, and think comparatively, it’s all pretty logical — Nashville’s real estate market does have a lot to offer downsizing grandparents who want to ditch their coastal expenses and taxes and still have a nice home, close to lots of stuff to do.
More communities are popping up in Nashville, too, that maximize access to Nashville’s cultural wealth, while minimizing things many retirees tend to want to limit, like excessive yardwork.
Nashville home listings that display ‘Baby Chaser’ possibilities
A few picks from the Nashville-area MLS that might hit a retiring grandparent’s sweet spot:
2140 Lebanon Pike
Nashville, TN 37210
Brand new homes at Riverwalk at Mill Creek keep things close to downtown — about four miles from the urban core in Nashville — and the community offers lots of outdoor perks, from walking trails and greenway access to shared green courtyard space. For retiring buyers who prefer not to share walls but don't want a large piece of property to tend to, these single-family cottages could be ideal.
6002 Sterling St.
Nashville, TN 37209
Growing Charlotte Park has a lot to offer someone looking to retire in Nashville, with the added bonus of being a neighborhood that’s showing all the signs of a Nations-like real-estate rise. These homes in the Sterling Point community put you close to West Nashville dining and shopping, and have a bunch of great homebuyer perks, including energy-efficient features (like full foam insulation), private balconies and more.
1657 54th Ave. N.
Nashville, TN 37209
On the west side of Nashville near The Nations, the Silo Bend community is stocked with townhomes and single-family properties, close to restaurants, shopping and downtown, and offering walkable living (a coveted prize in Nashville).
Does the Meyers Research “Baby Chaser Index” study strike a chord? Have you been thinking about retiring in Nashville to be closer to family? If so, I’d love to help you look around. Check out some homes for sale in Nashville here, and contact TJ Anderson Homes here.
Properties are listed with their own respective real estate firms, and not under agreement with TJ Anderson and/or Benchmark Realty, LLC, unless noted.
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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