# Nashville Real Estate Heating Up With Major DevelopmentsNashville's real estate market is absolutely buzzing right now, and there's plenty happening that should catch your attention. The city just landed at number six in the latest Emerging Trends in Real Estate Report, signaling serious momentum for the region. Behind the scenes, massive deals are closing that will reshape how locals live and work.The biggest headline? Vastland just secured a whopping one hundred thirty million dollar construction loan for a mixed-use development called VOCE in Midtown Nashville. This isn't pocket change—it's a serious vote of confidence in the city's continued growth trajectory. Meanwhile, over on the East Bank near Nissan Stadium, The Fallon Company is rolling out plans for what they're calling Eastpoint, which will feature both affordable and market-rate housing alongside retail space. That affordable housing piece is important, though it's worth noting that according to property management groups working on the project, "affordable" units are averaging around eleven hundred fifty dollars a month, which has sparked some debate about whether that actually qualifies as affordable for average residents.The numbers tell an interesting story. Davidson County home prices climbed three point one percent year-over-year as of September, with a median sale price hitting four hundred sixty-four thousand dollars. Fast forward to October and prices jumped even more dramatically—up seven point five percent compared to last year. Homes are selling for around a median price of five hundred thousand dollars, though they're taking slightly longer on the market now, moving in roughly sixty-eight days compared to sixty days last year.Renters aren't getting a break either. According to market data from December, the average rent in Nashville sits at sixteen hundred fifty-four dollars monthly, which is actually one percent higher than the national average. For comparison, you're looking at fifteen hundred twenty for a studio, sixteen fifty-four for a one-bedroom, and two thousand sixteen for a two-bedroom. The real estate landscape is shifting toward newer construction, with older buildings from before two thousand struggling to compete.Several other projects are underway too—Skanska has started work on a new Franklin City Hall, there's a historic Second Avenue building becoming condos, and a two hundred fifty-one unit residential project is moving forward on Dickerson Pike. For anyone paying attention to Nashville's evolution, it's clear the city is in transformation mode.Thanks so much for tuning in! Come back next week for more Nashville real estate updates and market insights. This has been a Quiet Please production—check us out at quietplease.ai..Get the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Ver todos los episodios