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2024 Guide to Nashville's Rising Real Estate Markets

Dated: May 2 2024

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Exploring Nashville’s Rising Neighborhoods

For the past several years, Nashville has attracted attention for its culture, strong and growing economy, and thriving real estate market. Even when many other markets are down or struggling, Nashville has remained stable, and homeowners have seen huge increases in equity. As the city expands, several neighborhoods have emerged as promising areas for investors and homebuyers. Let’s take a deeper look into these up-and-coming neighborhoods, highlighting their unique characteristics and potential for growth in 2024 and beyond.

Wedgewood-Houston (WeHo)

Considered a mostly industrial zone for a long time, Wedgewood-Houston has become a trendy, artistic area that attracts a mix of residences and businesses. Known to locals as WeHo, former warehouses and factories have been repurposed into stylish art galleries, live music venues, and craft distilleries. Some people consider it similar to East Nashville (although much smaller) but on the other side of the Cumberland River. Homes in WeHo are an eclectic mix of modern condos, renovated lofts, and new construction homes, all appealing to buyers who value creativity and urban living. The neighborhood's close proximity to downtown Nashville (~10 minutes) makes it a desirable location for those who work downtown but seek a neighborhood with a strong sense of community and an artsy, laid-back vibe. WeHo's ongoing development and cultural appeal make it an attractive area for both real estate investment and culture.

East Nashville

East Nashville has evolved perhaps more than any other area in Nashville. Known for its arts scene and tight-knit community, it’s one of the Nashville’s most eclectic areas. This neighborhood boasts a bohemian atmosphere filled with colorful murals, indie music venues, plus vintage shops and quirky boutiques. The residential streets are lined with a plenty of housing options, from charming Victorian homes to modern new construction, attracting a mix of young professionals, artists, and families. East Nashville also has a great food scene, featuring locally-sourced ingredients, making it a popular spot for local foodies. It offers numerous parks and green spaces, including the Shelby Bottoms Greenway and Nature Park, providing residents with plenty of outdoor recreation. With its strong sense of identity and community, East Nashville continues to draw in those looking for a lively yet close-knit neighborhood experience.

The Nations

Once a quiet, industrially-zoned area on the west side of Nashville, The Nations has become as one of the city’s most lively and fast-developing neighborhoods. The changes here are marked by the redevelopment of old warehouses into stylish lofts, modern townhomes, and unique retail spaces that appeal to young professionals and families. The neighborhood is characterized by a blend of old and new, where small, historic homes sit alongside contemporary housing developments. The local scene is has plenty of new restaurants and cafes, coffee shops, and bars, making The Nations a hotspot for social gatherings and community events. Similar to East Nashville, you’ll find large murals and public art installations that contribute to the area’s artistic flair. With its accessible location near downtown Nashville, affordable housing options, and strong community vibe, The Nations is attracting those who seek a suburban feel with the conveniences of urban living.

Bellevue

Just southwest of Nashville, Bellevue is a suburb that offers a great mix of suburban life and city convenience. This neighborhood is attractive for families and those seeking a quieter lifestyle without straying too far from Nashville. Bellevue has a range of housing options, from well-established homes to newer developments. The community is known for its public schools, parks, and recreational facilities, including the expansive Warner Parks, which offer hiking, horse trails, and scenic views. Bellevue also has several newly developed shopping areas like One Bellevue Place, which provides residents with a variety of retail, dining, and entertainment options. This development has significantly enhanced the area's appeal, making it a more self-contained community. Bellevue combines the calm of suburban living with the benefits of city amenities, making it a sought-after location for those moving to the Nashville area.

Germantown

 

Situated just north of downtown Nashville, Germantown is one of the city’s oldest and most historic neighborhoods. This charming area is distinguished by its Victorian building architecture and cobblestone streets. Germantown has undergone significant revitalization, adding new local spots for food and drink. It has a diverse culinary scene, highlighted by award-winning restaurants and cafes that cater to a more sophisticated taste. It’s also known for its lively atmosphere during annual events like Oktoberfest, which draws visitors from across the city and beyond. Residential options in Germantown range from beautifully restored historic homes to sleek, new condos and apartments, making it attractive to both history buffs and contemporary urbanites. The neighborhood is home to several boutique shops, parks, and community gardens, which create a strong sense of community. With its proximity to downtown Nashville, Germantown offers a unique blend of old-world charm and modern convenience, appealing to those seeking a dynamic urban lifestyle.

Why Invest in These Neighborhoods?

Each of these neighborhoods offers distinct advantages for potential buyers and investors—from cultural richness and historic charm to economic development and geographic appeal. As Nashville continues to grow and evolve, these areas are expected to appreciate in value, making them wise choices for those looking to purchase property.

Conclusion

Whether you’re a first-time homebuyer or seasoned investor, Nashville’s rising real estate markets provide exciting opportunities. With their diverse offerings and potential for appreciation, these neighborhoods represent a large part of the future of Nashville’s real estate market.

Ready to explore what Nashville’s growing neighborhoods have to offer? Contact the Holmes + Pruett Homes Team today, your experts in Nashville real estate, to find the perfect investment or dream home in these rising markets!

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The Holmes + Pruett Homes Team

The Holmes + Pruett Homes Team

 

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Patrick Pruett

I have a pretty unique background compared to most agents, which is one of the main reasons I’ve been able to help so many clients. One thing a lot of people don’t know is that I once had ....

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