1. Inglewood- It is no secret that East Nashville is one of the most sought after neighborhoods for home buyers. But homes in the coveted 37206 zip code, anchored by Five Points and including Eastwood Neighbors, Lockeland Springs, Historic Edgefield, Greenwood Neighbors, Rosebank, Rolling Acres, Maxwell Heights and Eastland Park, are quickly becoming too pricey for many buyers. As a result, Inglewood in the 37216 zip code is quickly gaining popularity as a great alternative. Close enough to all the hip Five Point amenities and located just four miles from downtown Nashville this neighborhood is still accessible for buyers who can no longer afford the hefty 37206 prices. About 65% of Inglewood homes were built prior to 1960 and so many of the lesser priced homes may need some rehab or updating. This creates an ideal scenario for flippers and developers that have already started purchasing property in Inglewood. For those buyers not shy of a little sweat equity this may be a great alternative.
Check out listings in Inglewood: http://ow.ly/wlKZA
2. Sylvan Heights/ Sylvan Summit- There is an incredible amount of activity on Charlotte Avenue that will no doubt impact the surrounding neighborhoods. To start the massive oneC1TY development has broken ground and will fill in the vacant areas through the I440 flyover. 2424 Lofts apartments are scheduled to go in the space now taken by L&L Restaurant Equipment, The Sheds on Charlotte has already signed its first tenant and these are just three of many exciting projects on Charlotte Avenue. Plans for restaurants like Flip Burger would join the already successful M.L. Rose. South of Charlotte we have Sylvan Heights that up to this point has been the less desirable cousin of Sylvan Park that is closer to the Murphy commercial district which houses Park Cafe, Local Taco, and among others Neighbors Bar & Grille. North of Charlotte we have the newly developed and recently dubbed “Sylvan Summit” which is planned to house contemporary homes with great skyline views. If West Nashville is where you want to live and you can’t afford Sylvan Park where new construction starts at about a whopping $450,000 then Sylvan Heights and Sylvan Summit may be good alternatives closer to Charlotte Avenue that will soon surpass Murphy in coolness and activities.
Check out listings in Sylvan Heights: http://ow.ly/wlM92
3. Crieve Hall- Located in zip codes 37211 and 37220, with easy access to I65. Crieve Hall is perfect for families needing easy access to both downtown Nashville and Cool Springs. The majority of homes in Crieve Hall are 1950’s era brick, ranch-style houses on larger lots with big yards and mature trees. You can certainly get good value for your dollar if you are willing to do some renovations as homes may need a little TLC, but will be priced accordingly. Crieve Hall is a good alternative for those wanting to live south of Nashville, but who don’t want to pay Brentwood prices and don’t want to fight traffic on Old Hickory Blvd.
Check out listings in Crieve Hall: http://ow.ly/wlMmv
4. Hope Gardens- There are so many factors that make Hope Gardens a great buy. To start it is steps from the Nashville Farmer’s Market and Bicentennial Park and within view of the state capital building. It is within 1 mile from downtown Nashville and a hop over from Germantown, Salemtown, and Historic Buena Vista. The neighborhood boundaries are 8th Avenue North, Jefferson Street, I-65, and Harrison Street. Flippers and developers have already started working in this area but there is still opportunity for buyers to come in and score a good deal. Big developments such as 909 Flats, the five-story apartment building across from the Nashville Farmer’s Market, have already broken ground. Not to mention its close proximity to the new Sounds Stadium. All of these factors make Hope Gardens the next “It” area.
Check out listings in Hope Gardens: http://ow.ly/wowpO
Honorable mentions: These are only four of the many magnificent burgeoning areas in Nashville. Our city population is expected to grow significantly in the next ten years and we will need to develop and redevelop areas to house all these people who will want walkable neighborhoods with restaurants, amenities, and cultural attractions. Honorable mentions that I can also build a strong case for but just didn’t have time to write about include the Nations, Katie Hill, and Greenwood.