Downtown, TN Homes for Sale

Nashville isn’t the birthplace of country music, but it’s where the genre has put down the deepest roots; and downtown might as well be center stage. Perhaps the most famous of the Southeast’s iconic downtowns pulses with the energy of a Merle Haggard melody. It’s the main attraction for Nashville’s nearly 15 million visitors per year, the heart and soul of the Music City. Downtown is more than just the bars off Broadway, however. The area between I-65 and the Cumberland River, terminating at Jefferson Street, includes eight distinct neighborhoods that each provide a different taste of downtown living. Between and within these residential areas is a seemingly endless collection of cultural hotspots, historical landmarks, and event spaces. Basically, whatever you’re looking for can probably be found in this signature southern city center.

About Downtown, Tennessee

How's the Downtown Nashville real estate market?

As the most developed real estate sector in Tennessee, Downtown Nashville offers a multitude of properties, many of which are surprisingly accessible to the average professional. Most of these are swanky highrise condos and flats built to maximize the area’s limited space. As long as you don’t require too much room, plenty of one-bedroom properties are available for as low as the mid-$200s. Adding a second or third bedroom usually shifts that price into the $500k-$999k range. Of course, these prices may vary based on the section of Downtown you’d like to call home. While you might find something particularly reasonable in some of the older apartment buildings a couple blocks off of Broadway, areas like The Gulch and Sobro (think snazzy new construction) often have a higher sales threshold. While downtown is centuries old, almost 70% of the residential construction has been built after 1999. That means lots of swanky new construction competing for residents, many of whom aren’t necessarily looking to turn their downtown home into an investment.

Renters are the rule in Downtown Nashville, as young professionals dip their toes in big city living. While the average downtown rent is almost $2,500 per month, it’s not unusual to find single-bedroom flats for under $1,300 per month—a price competitive with many other parts of Nashville. The only inconvenience is that Downtown Nashville’s living options are almost totally limited to condos and apartments; so if you crave a yard and extra space, you might want to try somewhere else in the city. To get an accurate home valuation estimate, use our Downtown Nashville home value calculator.

Why are homes in Downtown Nashville a good investment?

Whether you’re looking for a place to live or a place to rent out, there’s essentially no downside to owning property in Downtown Nashville. It’s the heartbeat of the city, so people will always want to live there. Builders have already responded to demand by offering an array of housing options, so this isn’t the kind of market where you can get in early and see exponential returns. Rather, it’s an established real estate landscape that sees predictable, steady returns on investment. Home values have increased by almost 7% over the past year, and market analysis suggests that the next twelve months will see a similar rate of appreciation. Essentially, the combination of quality properties and high demand ensures that downtown home values are almost always trending in the right direction.

What are things to do in Downtown Nashville?

There are entire guidebooks written on this topic, so we’ll just hit the highlights. The rooftop bar scene on Broadway is an obvious draw, as spots like the Stage and Crazytown often offer three levels of simultaneous shows. A block off-Broadway, Bridgestone Arena is home to the NHL’s Predators, and the Tennessee Titans of the NFL play just across the Cumberland River in Nissan Stadium. Of course these double as concert venues, joining spots like the Ryman Auditorium, the CMA Theater, and the Ascend Amphitheater as unforgettable locations to catch a performance. Mingled with the fun is plenty of fascinating history. The Country Music Hall of Fame and the Johnny Cash Museum are must-sees, and right up the hill from Broadway are the beautiful Tennessee Statehouse and its gorgeous grounds. Of course, with all the intimate local spots for food, drink, and nightlife dotting areas like SoBro and Pietown, you might never feel the need to enter the downtown fray.

How's the job market in Downtown?

The median household income in Downtown is $46,954 and the average household income in Downtown is $59,008. Downtown’s population is 6,858 of which 12.17% of people work in Accommodations, 12.17% of people work in Healthcare, and 11.28% of people work in Professional. Furthermore, of the residents in Downtown, 18.29% hold a Highschool diploma, 26.73% hold a Bachelor's degree, and 14.9% hold a Graduate degree.

How are the schools in Downtown?

Downtown Elementary Schools

  • ?
    Wayne Reed Child Care Center
    School District

    Davidson County School District

    Rating

    N/A

    Advanced Placement

    N/A

    # of Students

    N/A

    # of Teachers

    N/A

    Student Teacher Ratio

    N/A

    Expenditure per Child

    $9,490

Downtown Middle Schools

  • ?
    Intrepid College Preparatory Charter School
    School District

    Davidson County School District

    Rating

    N/A

    Advanced Placement

    N/A

    # of Students

    79

    # of Teachers

    1

    Student Teacher Ratio

    79:1

    Expenditure per Child

    $9,490

Downtown High Schools

  • A
    Hume - Fogg High Academic Magnet
    School District

    Davidson County School District

    Rating

    A

    Advanced Placement

    N/A

    # of Students

    924

    # of Teachers

    44

    Student Teacher Ratio

    21:1

    Expenditure per Child

    $9,490

How's the cost of living in Downtown?

Overall, Downtown’s cost of living is 0.5% more expensive than the national average. This is broken down further by the following cost of living factors:

  • In Downtown education costs 8.30% more than the national average.
  • In Downtown entertainment costs 7.30% less than the national average.
  • In Downtown food costs 1.5% more than the national average.
  • In Downtown utilities costs 1.90% more than the national average.
  • In Downtown healthcare costs 17.90% less than the national average.

Is there a lot of crime in Downtown?

In the past year in Downtown there were 68% more assaults, 68% more burglaries, 24% more robberies, 65% more vehicle thefts compared to the national median.

Who is the most active real estate agent in Downtown?

There are currently 56 real estate agents who serve the Downtown market. The most active real estate agent in Downtown by number of sold listings is Chad Wohlers with 8 sold listings in the past 12 months. To see a list of the top realtors in Downtown, use our real estate agent rankings tool.

Downtown estate listings & homes for sale trends

There are currently 90 active listings in Downtown. Sold homes in Downtown took an average of 178 days to sell. The average listing price in Downtown is $603,550 and the average sales price is $583,044 resulting in a sales-to-list ratio of 96.6%. At Felix Homes, our new listings in Downtown are updated every 2 minutes so you can see new homes in Downtown as soon as they come on the market.

Nearby cities to Downtown

What are popular subdivisions in Downtown

505 High Rise Condominium

Bennie Dillon

CityLights

District Lofts

Encore

Harrison Square

Hope Gardens

Icon In The Gulch

Kress Lofts

Riverfront

Rutledge House

Terrazzo

Twelve Twelve

Viridian

The data relating to real estate for sale on this website comes in part from the IDX or Internet Data Exchange Program of the REALTRACS MLS. Real estate listings held by brokerage firms other than Felix Homes are marked with the REALTRACS Internet Data Exchange Program logo. REALTRACS and Felix Homes deem all information is believed to be accurate but not guaranteed and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation. © 2021 of the REALTRACS MLS. All rights Reserved.