The Nashville residential housing market continues its upward trend. More sales and higher median price points than first quarter last year for both Davidson and Williamson single-family homes. In a recent economic development address, Mayor Megan Barry mentioned two incredible statistics affecting the local housing market. There are 71 people moving to the Nashville area per day and there are $3.7 Billion out in building permits. More people equals more demand for housing. This high demand has led to increased prices in popular areas and the gentrification of previously less desired neighborhoods. Take a look at some of Nashville’s most sought after neighborhoods below.
Sylvan Park’s is a well-established neighborhood on the west side of Nashville. It is located west of interstate 440, east of Richland Creek, south of Charlotte Avenue, and north of West End Avenue. Over time this historic neighborhood has become increasingly desirable due to its thriving commercial district, its convenience to downtown Nashville, and the diverse housing types that appeal to a broad range of residents.
Homes from the 1910’s to 1940’s intermix with new construction on tranquil streets. Homeowners have restored older homes with care and take great pride in their beautifully manicured lawns. It is not uncommon to see young families out for walks pushing strollers, professionals in suits grabbing a bite at Star Bagel before heading to their office, people arriving at the recreational center to workout, and others tugging on dog leashes. Days are vibrant and full of activity in this West Nashville neighborhood.
Shops, restaurants, and bars line Murphy Road, but recent openings and restaurant announcements show us that the commercial area is expanding. With all these fantastic amenities it is no wonder that Sylvan Park has grown in popularity and demand for urbanites preferring houses to condos and green to concrete & steel.
The Wedgewood-Houston community in south Nashville is quickly gaining popularity amongst Nashvillians. Its borders include Houston Street to the North, Wedgewood Avenue to the South, 8th Ave South to the West and 4th Ave South/Nolensville Pike to the East. Once very industrial this area is being transformed by an influx of infill development, home renovations, and repurposing of space for art galleries and distilleries. Its close proximity to downtown and the demand for new housing has added to the popularity and changing landscape and demographics of this community.
The Nations/ Historic West Town
The Nations is a booming area of West Nashville. Loosely, its borders run along I40 on the south, 44th Ave N on the east, the Cumberland River on the north and 63rdAve N on the west. There are conflicting stories on where the Nations got its name. One story claims that it was named after the Chickasaw Nations that lived there in the eighteenth century and traded with early settlers. The Chickasaw leader Piomingo and his tribe allied with white settlers in 1780. In 1783, James Robertson and tribal leaders met at the Treaty Oak (which once stood at the corner of 61st and Louisiana avenues) to sign a pact guaranteeing the rights of the Chickasaw Nations in exchange for their help in protecting the Nashville settlement. Another story claims that its name comes from the street names and that developers named each street after a different state hoping to attract people from that state into the area.
What is certain is that after a lengthy period of decline the resurgence of The Nations is undeniable. This revitalization is due in part by the demand for urban housing and infill development, its proximity to the desirable Sylvan Park, and the work of champions who believe in the area. It is truly unbelievable how quickly this one crime ridden neighborhood is being transformed. A drive will show block and block of vintage Craftsman and Victorian homes being renovated or demolished to make room for new homes. Rows and rows of new construction and early adopters who don’t mind the noise if it means getting some of the most affordable new homes in the city and increased property value in the near future.
Just a stone’s throw away from downtown stands one of Nashville’s historic neighborhoods, Germantown. The neighborhood was listed in the National Registry of Historic Places in 1979. Bordered by Hume Street, 2nd Avenue North, Jefferson Street, and Rosa L. Parks Blvd this thriving area is perfectly situated just north of downtown and you don’t have to cross a river or a bridge to get there. Germantown got its name after the large influx of German immigrants in the mid nineteenth- century. Germantown’s recent renewal has converted it into one of Nashville’s most coveted neighborhoods and a foodie’s paradise.
Today redevelopment efforts have brought in a mix of building styles, mostly in keeping with the diverse architectural forms found in 1979, but taking population density into account. We see this in the spike of horizontal property regimes and in the creation of or repurposing into multi-family housing like Werthan Lofts.
To compliment the beautiful housing, Germantown also has great green space. Germantown is home to more than 100 species of trees and a lovely neighborhood park, Morgan Park at 411 Hume Street. Morgan Park has a playground, a basketball court, lots of green space, and a community center. The community center offers classes, but can also be rented out for meeting or event space.
Over the past few years Germantown has become home to some of Nashville’s best restaurants. As if the restaurants were not enough, Germantown is also home to Nashville’s year-round Farmer’s Market. In the North and South farm sheds you can find farmers, ranchers, dairies, cheese-makers, and plant growers all selling their goods. The Market House is a great place to grab lunch and is home to over 16 restaurants. There are many more attractions in Germantown including the First Tennessee Park where the Nashville Sounds, AAA affiliate to the Oakland A’s play baseball. You will also find the 19-acre Bicentennial Capitol Mall State Park built in 1996 to commemorate the 200th anniversary of the establishment of Tennessee’s statehood.
Nashville’s historic Gulch District, with its distinct industrial history, originally housed the downtown railroad terminal. From the turn of the century until the 1950s, more than 100 trains arrived and departed from The Gulch daily.
Today, the Gulch District has developed into a hotspot for young urbanites. The Gulch has perfectly combined its industrial background with a modern contemporary style. Old warehouses have been renovated into residential and office space, and upscale restaurants and a vibrant nightlife have made. The Gulch is perfect for those who desire a low maintenance, walkable lifestyle as high-rise, luxury condominiums are the predominant housing type. The three most popular developments include Twelve|Twelve, Icon in the Gulch, and Terrazzo, although others are being built.
Thanks to city revitalization efforts in the late 1990’s 12South is now one of Nashville’s most desirable neighborhoods. Bordered by Wedgewood Avenue on the north, Gale Lane on the south, and loosely by 15th Avenue on the West and 10th Avenue on the East it is conveniently located and close enough to just about every part of the city. It is also home to Sevier Park and the new Sevier Park Community Center that includes a gym with an upper level walking track, a dance room, a fitness center, and community meeting space.
Buyers who seek walkability, proximity to restaurants, coffee shops, and clothing boutiques flock to 12South. Most of the retail and restaurant’s line 12th Avenue. You find quite a range of dining options from casual to fine dining. Residents can walk to one of two coffee houses: Portland Brew or Frothy Monkey. All the amenities you can possibly find in an urban community you will easily find in 12South.
12South has its own unique vibe that is like no other neighborhood in Nashville. It is a little country, a little rock & roll, but has an unmistakable air of sophistication. There are signs everywhere that show pride in the classic and country roots of the city. The “I Believe in Nashville” flag is painted on a building wall and shops like Corner Music remain popular. Boutiques like Imogene and Willie and Trim give the street a vintage yet very hip vibe because retro is the new contemporary. We cannot forget, however, the upscale boutiques and fine dining establishments that are plentiful.
If you are interested inlearning more about real estate in Nashville, TN contact Gabriela Lira at 615-440-6327 or by email at firstname.lastname@example.org. Gabriela is a professional REALTOR® and a RE/MAX Elite agent. Each RE/MAX office is independently owned and operated.