|Specialty||# of Agencies|
|Single House or Condo||8|
|Home Owners Association||4|
|Total Local Companies||14|
The average rent for a 3 bedroom house in Nashville, TN is $1,199.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
Nashville, TN Rental Market Overview
Economic Growth Surges in Nashville
Entrepreneurship thrives in the Music City. Nashville was ranked second on the Forbes 2013 list for Best Cities for Jobs, surpassed only by San Francisco, and job growth remains steady throughout the region. According to a March 2014 report by the U.S. Bureau of Labor and Statistics, Nashville's total job numbers increased by 3.7 percent from 2012 to 2013, placing it third in the nation among the 39 major metropolitan areas for job growth, only behind Austin (4.5%) and San Jose (4.4%). At the same time the Department Labor noted that the Nashville-Davidson region had an unemployment rate of 5.3% in January 2014, while the state average for the same period was 7.2%.
Focused is on Class A Luxury Units
Like other growing cities, large developers in Nashville remain focused on building apartments close to the urban core and targeted at young professionals. Three of these current projects include the 115-unit Elliston 23 (E23), the 200-unit Park Central and the 180-unit West End Village. All three of these sites offer easy walking access to a range of amenities.
Individual landlords and independent investors looking to expand their rental asset portfolios by capitalizing on these small properties that are overlooked by institutional investors. If you're searching for properties or exploring options for expanding your assets in the Nashville-Davidson area, consider discussing strategies with a local property manager. They have intimate perspectives on the rental marketplace and can offer insights on early trends.