Nashville ranks high on Forbes list for best places to buy homes - WSMV News 4

Nashville ranks high on Forbes list for best places to buy a home

Posted: Updated:
NASHVILLE, TN (WSMV) -

Jeremy Jenkins and his wife are looking to buy a new home in Nashville.

"It's clearly booming. Everywhere you turn, there's new development," he said.

The news that Nashville now ranks fourth on the Forbes list for "Where To Invest in Housing in 2014" doesn't surprise them.

Forbes ranked 100 metropolitan cities based on population, home prices and the local jobs economy.

According to the Forbes article, the key to making a good investment is picking a place that's still affordable and has a lot of growth potential.

"You still have your Germantown, your Salemtown, your East Nashville, none of those neighborhoods have totally seen their growth potential. They're not fully functioning city neighborhoods yet," said Nashville realtor David Dorris.

The report says the price of the average home in the Nashville area is still just under $200,000. But the "equilibrium price," or the price the average home should be, is nearly $240,000.

Dorris says the article shows housing prices still have lots of room to climb.

"You still have a nice window there, about 23 percent, but it's still got to kind of get back to just normalize everything and then there's still room from there," he said.

It really comes down to the hunt.

"If you can find the right house for a good price, you can make a lot of money off of it potentially, too," Jenkins said.

Copyright 2013 WSMV (Meredith Corporation). All rights reserved.

  • Nashville ranks high on Forbes list for best places to buy a homeMore>>

  • Recent HeadlinesMore>>

  • Calculated criminals target Nashville neighborhood

    Calculated criminals target Nashville neighborhood

    Thursday, April 19 2018 11:46 PM EDT2018-04-20 03:46:27 GMT

    Calculated criminals may be targeting your neighborhood while you're sleeping. Security footage caught a group of at least five trying to break-in into cars in a South Nashville cul-de-sac, and this likely isn't the first time they've stuck an unassuming neighborhood.

    More >>

    Calculated criminals may be targeting your neighborhood while you're sleeping. Security footage caught a group of at least five trying to break-in into cars in a South Nashville cul-de-sac, and this likely isn't the first time they've stuck an unassuming neighborhood.

    More >>
  • Nashville College Student Helps Injured Vets

    Nashville College Student Helps Injured Vets

    Thursday, April 19 2018 10:22 PM EDT2018-04-20 02:22:02 GMT

    Nashville's Jeffery LeCave and a few of his Mechanical Engineering buddies at Dayton University are on the right track: Creating a device that will help Larry Gunter. He's an Air Force Veteran who is now blind, but always an athlete.

    More >>

    Nashville's Jeffery LeCave and a few of his Mechanical Engineering buddies at Dayton University are on the right track: Creating a device that will help Larry Gunter. He's an Air Force Veteran who is now blind, but always an athlete.

    More >>
  • Titans' 2018 regular season schedule announced

    Titans' 2018 regular season schedule announced

    Thursday, April 19 2018 8:08 PM EDT2018-04-20 00:08:49 GMT
    Tennessee Titans from the past and now unveiled new jerseys at a party in downtown Nashville. (WSMV)Tennessee Titans from the past and now unveiled new jerseys at a party in downtown Nashville. (WSMV)
    Tennessee Titans from the past and now unveiled new jerseys at a party in downtown Nashville. (WSMV)Tennessee Titans from the past and now unveiled new jerseys at a party in downtown Nashville. (WSMV)

    The Tennessee Titans released their 2018 preseason and regular season schedule.

    More >>

    The Tennessee Titans released their 2018 preseason and regular season schedule.

    More >>
Powered by Frankly
WSMV
Powered by WorldNow CNN
All content © 2018, WSMV; Nashville, TN. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.