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The Nashville metropolitan area (officially the Nashville-Davidson–Murfreesboro–Franklin, TN Metropolitan Statistical Area) is a metropolitan statistical area in north-central Tennessee. Its principal city is Nashville, the capital of and largest city in Tennessee. With a population of over 2 million, it is the most populous metropolitan ...
However, the growing trend in the area is for investors to buy the ranch homes, demolish them and construct what [Susan] Niles called "McMansions" on the large lots. Currently (2014) homes are on the market in West Meade with square footage ranging from about 1,300 square feet to 9,000 square feet and price tags from $249,000 to $2,695,000."
The Nashville metropolitan area, which includes Murfreesboro and Franklin, had a March 2024 median home sale price of $474,990. Memphis and Nashville are very different markets, however.
Along with home listings, the May market data shows an increase in the median prices for single-family homes from $479,900 to almost $500,000 and for condos from $349,900 to $351,000.
In 1996 the Housing Fund was created; they are a group which assists first time homebuyers in putting a down payment on their homes. [10] On July 21, 2021, Pinnacle Financial Partners gave a $10 million investment towards their Shared Equity Program.
The condo market in Nashville remains a hot portion of the real estate sector, with buyers ranging from first-time homeowners to downsizers. Nashville real estate sees condos in high demand for ...