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It would be impossible to guarantee that the current-day affordable Nashville suburbs will continue to remain affordable. As Nashville continues to be the “it” city, it’s likely that prices will rise in many different locations. For now, we’re encouraging those on the hunt for a bargain to capitalize on the deals within these areas now. Nashville has a median home sale price of $440K, a 11.4% increase from last year. Homes stay on the market for an average of 62 days and receive an average of 2 offers.
REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation. There are 6,325 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nashville.
Homes for sale close to Nashville
However, a location’s affordability doesn’t indicate that an area is dangerous, and vice versa. To gain a thorough understanding of an area’s overall safety and reported crime, we recommend checking out Crime Mapping. How much house you can afford, check out the 10 best affordable Nashville suburbs within driving distance of the city. That way you can make the right decision for your homebuying needs. Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.
Due to its premier location and affordable home prices, you’ll want to act fast for purchasing a property here. It’s important to note, as with any suburb, you’ll find parts that are expensive and parts that are more affordable. All statistics referenced are based on single-family home sales from the past year in Middle Tennessee.
Affordable Homes in Nashville TN
In fact, the cost of fun can even come at a much lower price tag compared to Nashville’s city center. Standard food costs, drinks, and even shopping can run you higher in the metropolitan hub than in many of the surrounding suburbs. Affordability based on whether a suburb is less than the median sale price of Nashville and under a 45 minute drive from downtown Nashville.
This suburb makes our list strictly due to the average home prices located in Maury County. Keep in mind, the prices will vary if you’re searching on the Williamson County side primarily due to the notable schools. However, even with the influx in new development, many of the homes in Spring Hill within Maury County are reasonably priced. Distance isn’t a problem for those living in White’s Creek. This suburb sits only 12 miles from Nashville’s downtown region.
Affordable Things To Do That Won’t Break The Bank
You’ll want to factor in your total expenses before making a final decision. Upfront a low-priced home may seem like a great deal, but you’ll want to always look at the overall picture. Living in the suburbs doesn’t mean you’ll have to compromise on having fun.
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI.
There are 254,729 households in the city with an average household size of 2.40 persons. There are 6,325 affordable apartments in Nashville that offer reduced rents to low-income households. Not only is it Nashville’s largest suburb, but it’s also the sixth most populous city in the state. It even made the cut for being one of the top places to live in the United States. The fact that this location is relatively inexpensive is the cherry on top that you won’t want to miss! We don’t suggest waiting on these deals as the housing market here is competitive.
You can find plenty of low or no-cost fun activities near the outskirts of Nashville. At practically no expense, you can spend a day relaxing and enjoying nature at one of the many parks or lakes. Beaman Park Nature Center, Cheekwood, and Randor Lake are just a few of the many hidden gems located minutes from Music City. Save this search to get email alerts when listings hit the market.
The housing inventory is fairly high, which is helping to keep costs low. While you can surely find a handful of upscale developments in the area, many of the single-family homes are still reasonably priced. Across the Cumberland River in East Nashville, you’ll find the Historic Edgefield neighborhood. It’s not just the affordable home prices and close proximity to downtown! Location is everything if you’re on the hunt for affordable housing in Spring Hill.
No racist, discriminatory, vulgar or threatening language will be tolerated. One of The Biggest challenges people have with Nashville Real Estate is investing the time to find a great home without paying for that high Nashville Home Cost. On average, Section 8 Housing Choice vouchers pay Nashville landlords $700 per month towards rent.
I intend to provide you with the best real estate experience you have ever had. Clarksville is the 5th largest city in Tennessee and it’s growing fast, as a matter of fact, it’s on pace to become the 4th largest city in the state. There are lots of jobs, shopping, and entertainment options of it’s own to enjoy here in Clarksville, yet it’s only an easy 45 min commute to Music City. Sourced from federal housing data and AffordableHousingOnline.com research. Affordable homes near Nashville still do exist.You can save hundreds a month in payments and taxes by buying in Clarksville TN instead of Nashville. Ron can help you with lenders and builders who work with 203k loans or to find properties that fit the THDA down payment program.
It should also continue to appreciate in value as more people move to Music City, resulting in even more money in your pocket. And, you never know, maybe that suburb will even become the new popular hotspot. Many of the most affordable Nashville suburbs are also recognized as some of the safest places to live in Tennessee. As with any destination, you’ll notice some areas with higher reported crime and some sections with low crime.
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