Many homeowners in big cities across the country are relocating to suburbs in Nashville—a major city that we service.
Residents of some of the most populous cities on both the east and west coasts are now making suburbs in Music City U.S.A. their home because of low costs of living and good schools, according to a recent report from realtor.com.
“With low taxes and relatively low home prices, when compared on a national level, people from New York, Chicago, and L.A. see a lot of value,” said Cindy Stanton, principal broker of Parks Real Estate—located in the Nashville suburb of Brentwood—in an interview with realtor.com.
Two Nashville suburbs in particular, Franklin and Brentwood, have seen sizeable increases in median prices for single-family homes. In November the median home price in the city of Franklin was $628,000, a rise of over 14 percent from November 2019. Brentwood’s median price in November was $1.025 million—a surge of about 28 percent from the previous year. Low home inventory due to increased demand in both cities is fueling the rise in prices.
Cities across Williamson County, where Franklin and Brentwood are located, have seen an acceleration in home sales due to the pandemic, say real estate agents, but increased job opportunities—with the relocation and expansion of corporate headquarters—are also to credit.
Nissan North America and Mitsubishi North America are based in Williamson, as well as Mars Petcare and Tractor Supply Co. Two of the county’s largest employers include Randstad USA, which is an employment and recruitment agency, and Community Health Systems—which operates acute-care hospitals across 16 states.
Williamson County also has some of the highest-ranked schools in the state, which is appealing to young families. In 2018 and 2019 nearly 78 percent of high school students in Williamson County demonstrated preparedness for college and careers, according to the Tennessee Department of Education. Statewide just under 41 percent of high school students showed readiness in those areas.
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