Nashville Among The 10 Best Markets For First Time Homebuyers

Dated: 03/24/2015

Views: 1025

by TJ Anderson


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I can rattle off a lot of great reasons to live in Middle Tennessee, from the vibrant arts culture to the growing jobs market to the great people and broad choices in home styles. According to a list on MSN.com, it’s also one of the best places for first-time homebuyers to settle, too. 


In the roundup of first-time-buyer-friendly cities, Clarksville clocks in at the top, and Nashville and Murfreesboro come right behind at No. 2. The cities were chosen based on a strong uptick in young residents and a manageable average down payment.


According to Daren Blomquist, vice president at RealtyTrac (which compiled the data), “There are a few exceptions, however, where the combination of an influx of millennials and relatively low average down payment percentages indicate markets that will see a quicker return of the first-time homebuyer.”


Other towns that proved welcoming to first-time buyers: Durham, N.C.; Columbus, Ohio; and Augusta, Ga., among others. Check out the full rundown at MSN.com.


We work with a lot of first-time buyers, and even as Nashville’s growth has gone into high gear, I agree — it’s still a great place to take the homeownership leap. If your budget isn’t huge, it just helps to know how to focus on growing and emerging neighborhoods that haven’t peaked dollars-wise but still have a ton to offer. 


Are you a thinking about buying your first home in Middle Tennessee? Below, I rounded up a few homes on the market now that I think would be a great fit for first-timers:


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1238 Sunnymeade Dr.

Nashville, TN

$239,900


Getting into buzzing and desirable East Nashville in the 200s can be tough nowadays; it’s smart to look toward growing Inglewood, where you can still find some great homes at first-time buyer budgets. This mid-century cottage offers a lot of space for first-timers (3 beds, 2 baths and almost 1700 square feet), a neutral palette, hardwoods and tile, stainless appliances and a great fireplace, still in the low 2s.


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246 Timmons St.

Nashville, TN 

$232,900


Are you a dog parent? (If you follow our blog at all, you know I’m a huge dog lover with a passion for rescue pets.) You’ll love the big, fenced lot that comes with this Woodbine cottage. There’s a lot to love inside, too, including a remodeled (and really cute) kitchen and finished basement space that’d be perfect for music, art — whatever your passions are.


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3001 Whitland Crossing Dr.

Nashville, TN

$189,900


You can still find a bargain in Donelson, but personally, I think the area’s growing fast enough that that’ll be a thing of the past before too long. This 2-bed, 2-bath delivers the high-end items homeowners tend to look for — granite countertops, stainless appliances, hardwoods — but you’re well under $200,000. 


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4903 Michigan Ave.

Nashville, TN 

 $289,900


Sucker for historic homes? This updated 1920 Victorian cottage in Historic West Town/The Nations is stocked with charm — fireplaces, pocket doors, transom windows — and it’s in a part of town that’s quickly getting more vibrant and more desirable. 


Any of these fit the bill for your first-home needs? Hunting for something a little different? We’d be glad to help you track down the right fit — reach out and tell me about what you’re looking for.


Top photo: Eric Henderson 
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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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