Nashville is a hot item right now and currently experiencing tremendous growth, which has resulted in a very strong seller’s market with limited home inventory in some areas. Here’s a look at 5 of the hottest neighborhoods in Nashville where competition and demand is the fiercest.
This was a tough one, because I think Germantown and Sylvan Park are almost interchangeable as far as which one is hotter right now. We had to give the edge to Sylvan Park, just because it offers a few more housing options, but Germantown has a lot of positive momentum going it’s way, including the new Sounds stadium which broke ground in January. Germantown housing consists mainly of condos, townhouses and horizontal properties, but you can still find single-family homes dotted throughout the neighborhood. The neighborhood boasts some of the best restaurants in the city like Germantown Cafe and City House. With it’s close proximity to downtown, exciting future developments and great restaurants, Germantown is a perfect fit for intown living.
Average Home Sales Price: $295,500
Type of Homes: Single-family/Condos/Townhomes/Horizontal Properties
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#4 Sylvan Park
Sylvan Park is an an area in Nashville that has quickly become one of the more desirable areas to live in the city. This neighborhood prides itself on an intense sense of community and is an excellent option for families. Sylvan Park also offers one of our favorite restaurants, Cafe Nonna, an intimate Italian restaurant. Homes range from early 1900’s renovations to new construction homes that have replaced existing properties. Although the neighborhood has much to offer with it’s restaurants, parks and greenway, you are just 10 minutes to downtown Nashville if you feel like a change of scenery.
Average Home Sales Price: $337,000
Type of Homes: Mostly single-family
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#3 East Nashville
East Nashville could easily be in the top 2 spots just from the sheer volume of homes sold in this area and the amount of people looking to move here. When a home in East Nashville goes up for sale, it doesn’t stay on the market for long and many times there are multiple offers. The neighborhood is traditionally more eclectic than some of the surrounding areas and is regarded to have the best collection of restaurants in Nashville. There is a wide array of architectural style in East Nashville and most of the homes for sale have been beautifully renovated. Although many of the homes here are single-family, there has been a surge lately in condos and horizontal properties. Just across the Cumberland River, East Nashville provides quick access to downtown, yet offers a more relaxed lifestyle.
Average Home Sales Price: $299,900
Type of Homes: Single Family/Condos/Horizontal Properties
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#2 12 South/Belmont
12 South and Belmont have quickly become some of my favorite areas in the city. The neighborhoods are very walkable with great restaurants and shops, not to mention stunning homes. The barrier to entry is a little higher in 12 South/Belmont as you would be lucky to find a home in the mid-high $300K’s. That being said, if this is an affordable option for you, then it is well worth it. As far as location goes, you won’t find a better one in Nashville. 12 South and Belmont are 5 minutes to just about anywhere in the city. Quite possibly one of the most sought after areas to live in Nashville, you can’t go wrong with either one of these great locations.
Average Home Sales Price: $425,000
Type of Homes: Mostly Single Family/Some Condos & Horizontal Properties
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#1 The Gulch
At the top of them all sits The Gulch. Once a neglected railroad yard, The Gulch now embodies the convenient urban lifestyle more and more Americans prefer to live. This is a true live/work/play environment with residential condos and apartments, commercial buildings, 19 restaurants and 14 retail shops. The Gulch is just south of Broadway and offers walkability like no other neighborhood in Nashville. We have The Gulch listed at #1 not only because of it’s current popularity, but also because of all the future developments planned here, which are too many to list. Whether you’re a young professional or a retiree, this Nashville neighborhood is an excellent option for urban living.
Average Home Sales Price: $374,000
Type of Homes: Condos
To view all Nashville neighborhoods, check out our list of Best Places to Live in Nashville