Nashville Zoo

Home buying is ‘in’ in 2023

Nashville ranks No. 5 on Zillow’s ‘Hottest Real Estate Markets of 2023'
NASHtoday_Westhaven_JAN_2023.jpg
Nashvillians are searching for wide open spaces in 2023. | Photo courtesy of Zeitlin Sotheby’s International Realty
Nashville’s housing market is feeling hot, hot, hot — according to Zillow’s “Hottest Real Estate Markets of 2023.”

The real estate marketplace ranked Music City No. 5 on its list of 10 large metros, with data primarily supporting increased interest in the Midwest + Southeast regions. Markets made the list based on price growth, inventory and velocity, and demographics.

Nashville’s market at a glance

💰 Price growth: Record-breaking home value growth is declining following high mortgage interest rates, according to Zillow predictions. Nashville had the fifth-highest annual home value growth in 2022, but is expected to drop six places this year.

🏘️ Inventory: Based on data collected by Greater Nashville Realtors, 2022 saw an overall increase in total housing inventory month over month. Homes stayed on the market for an average of 24-29 days at the beginning of 2022, increasing to between 30-45 days in the latter months.

A view of tall skinny homes located in The Nations neighborhood.

The Nations is showing out this year, according to trends. | Photo courtesy of Zeitlin Sotheby’s International Realty

What’s making Nashville so hot?

Bobby Johnson, assistant managing broker for Zeitlin Sotheby’s International Realty, broke down the top five Nashville housing trends he anticipates this year.

Rural rules: Nashville’s surrounding counties (Williamson, Cheatham, Dickson, Sumner, and Wilson) will continue to see strong demand. Neighborhoods like The Grove in College Grove and Westhaven in Franklin are especially popular among out-of-state buyers based on walkability, number of luxury options, and neighborhood amenities.

Homebuyers still desire privacy and space. Continued trends of remote and hybrid work indicate buyers are more comfortable commuting longer distances.

Uptick in urban: The city will remain steady as private corporations continue to invest in various areas. Bobby particularly anticipates a focus on The Nations, Sylvan Park, and Cleveland Park — with Cleveland Park experiencing a “significant impact due to the proximity to the Oracle development and the recently announced East Bank development plans.”
DIVE DEEPER
6AM City In-house

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Today, Jan. 13
  • Community Yoga | Friday, Jan. 13 | 9:30 a.m. | Nashville Farmers Market, 900 Rosa L. Parks Blvd. | Free | Start your day with a community yoga class open to all levels.
  • Night / Visionary: Opening Reception | Friday, Jan. 13 | 5-7 p.m. | Tyger Tyger Gallery, 191 Lyman St. #144, Asheville | Free | Explore new visual art works at the opening of Night / Visionary, an exhibition showcasing five artists’ dream-time visions on paper, panel, and canvas.*
Saturday, Jan. 14
  • Latin Dance Class | Saturday, Jan. 14 | 12-12:40 p.m. | MOVE Inclusive Dance, 7657 Hwy. 70 S. #101 | Free | All ages are welcome to learn Latin rhythms with Johana and no previous dance experience is required.
  • Lomax on Lomax | Saturday, Jan. 14 | 2:30-3:15 p.m. | Country Music Hall of Fame and Museum, 222 Rep. John Lewis Way S. | Cost of admission | Country and folk music preservationist John Lomax III will perform and share stories recorded and archived by his grandfather, John Avery Lomax.
Sunday, Jan. 15
  • Plaza Mariachi Flea Market | Sunday, Jan. 15 | 9 a.m.-4 p.m. | Plaza Mariachi, 3955 Nolensville Pk. | Free | Find deals on fruits and vegetables, new and used clothing, furniture, and more.
  • Eddy Lee Ryder, Rick Hamel, Josh Thurman | Sunday, Jan. 15 | 9-11:55 p.m. | The 5 Spot, 1006 Forrest Ave. | $10 | See musical performances by Eddy Lee Ryder, Rick Hamel, and Josh Thurman.
Monday, Jan. 16
Tuesday, Jan. 17
  • Free Haircuts | Tuesday, Jan. 17 | 11:30 a.m.-2 p.m. | Nashville Public Library Southeast Branch, 5260 Hickory Hollow Pkwy. | Free | The library branch partnered with Genesis Career College to bring free haircuts to the community.
  • Shrek Trivia Night | Tuesday, Jan. 17 | 7 p.m. | Von Elrod’s Beer Hall & Kitchen, 1004 4th Ave. N. | Free | Bring the family out to this “Shrek"-themed trivia night for the chance to win prizes.

We have a calendar filled with events and activities you can plan for in advance. Click the button below to bookmark ideas for upcoming date nights, family outings, and time with friends.

100+ MORE EVENTS

Weather
  • 37º | Cloudy | 40% chance of rain
Announced
  • Pop the confetti. Nashville’s Big Bash New Year’s Eve celebration reached a new record this year. The event created $38 million in direct visitor spending, a 27% increase over last year’s record-breaking amount. Stats show 32,996 hotel rooms were sold in Davidson County and nearly half of attendees were visitors. 💵
Eat
  • Grab your passports, A. Marshall Hospitality Restaurant Week is back. Special prix fixe menus will be offered at Americana Taphouse, Burger Dandy, Deacon’s New South, Puckett’s, and Scout’s Pub Monday, Jan. 23-Sunday, Jan. 29. The Tasty Travels Passport program also offers the chance to dine and win prizes during the week. View the menus.
Arts
  • The Country Music Hall of Fame and Museum launched Night Train to Nashville, a free online exhibit highlighting Nashville’s R&B history. The exhibit showcases historic photos, instruments, show posters, and even stage wear. A related conversation and performance takes place on Wednesday, Jan. 25. 🎵
Community
  • A community meeting will be held Thursday, Jan. 19 at the Morgan Park Community Center to discuss the possibility of a new park along First Avenue North and the Cumberland River. The meeting begins at 6 p.m. and Nashvillians can contribute ideas for the park’s design. (WTVF)
Health
  • Mark Cuban’s Cost Plus Drug Co. partnered with Nashville’s RxPreferred Benefits. Cost Plus Drug Co. fills and delivers prescriptions at the company’s cost + a fixed 15% margin in an effort to improve access to health care. (Nashville Business Journal)
  • Three Middle Tennessee Dollar General stores are offering mobile health clinic services every day (10 a.m.-8 p.m.) with the chance of extending the service to other areas. Dollar General locations on Highway 48 and Ashland City Road (Clarksville) + Highway 48 (Cumberland Furnace) offer services. 🚐 (WSMV)
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You riverwalk the walk, but let’s talk the talk

Nashville’s Riverfront Park among nominees for USA Today 10Best
An aerial view of the Pedestrian Bridge, the Cumberland River, and downtown Nashville.
A gem in the heart of the city. | Photo by @nolensvilledroneproduction
Calling all keyboard warriors... Music City needs your help.

USA Today released nominees for its 10Best feature, and Nashville is among the cities up for “Best Riverwalk.”

Riverfront Park is up against 19 other cities, including some of NASHtoday’s sister markets (we see you, SATXtoday, BOStoday, and INDYtoday).

You can vote for Riverfront Park once per day until polls close on Monday, Feb. 6 at 11 a.m. USA Today will announce the 10 winning riverwalks on Friday, Feb. 17.

Though the obvious winner is abundantly clear to us, here are a few things that we think make Riverfront Park extra special.
  • Riverfront Park 🤝 fall foliage (‘nuff said). Plus, we love seeing kayakers on the Cumberland in warmer months.
  • The park was established in the early 1980s to commemorate Nashville’s river history.
  • The park’s cherry blossom trees that bloom in the spring.
6AM City In-house
THE WRAP

Today’s issue was written by Skylar.

Editor’s pick: Y’all are in the business for a burger. We had over 250 readers respond to our poll about where they’d like to see In-N-Out Burger’s first Nashville location. Mount Juliet received an overwhelming number of votes, followed by additional areas outside the city like Murfreesboro and Franklin. West Nashville and Green Hills had strong votes within the urban core. Our NASHtoday readers have spoken, your move, In-N-Out. 🍔

Missed yesterday’s newsletter? Learn more about Rebel Rabbit, a THC-infused seltzer.
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Editorial: Dylan Aycock, Skylar Webb, Josh Kranzberg, Emily Shea, Jessalin Heins-Nagamoto, Dayten Rose, Sarah Leonhardt, Katie Smith | Send us a scoop, question, or feedback.

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