For the third year in a row, Nashville is included in the top ten real estate markets in the country. As one of Tennessee’s major cities, it is no wonder that so many people are drawn to the area. From the rich country music scene to the delicious barbecue, the city certainly has a lot to offer residents of varying interests.
What makes Nashville such a desirable real estate market? Plenty of factors come together to make Nashville a fantastic place to buy a home and a great location to work as a real estate agent.
Nashville Offers Opportunity
The market in Nashville is known for strong business creation. In fact, nearly 10 percent of firms in the area are less than three years old while encompassing 2.6 percent of all employment. With new ventures emerging in the area, there is no question that Nashville will see more development as the population increases.
Growing development may very well be linked to universities and colleges in the area. From Belmont University to Nashville State Community College, local institutions promote career development.
Nashville Offers a Strong Cultural Identity
Nashville is all about cultural identity and community, offering everything from outdoor activity to a desirable culinary appreciation. The growing population of residents ages 15 to 34 could be linked to the developing community, especially with local educational opportunities and technology-based occupations available.
Learning how to promote all that Nashville has to offer its community members is one way to sell homes to new buyers. Understanding your client’s needs is a key component in becoming a successful real estate agent.
Nashville Offers Affordable Housing
Nashville is an affordable housing market, making it a desirable choice for those in Tennessee. In fact, the area has been designated an affordability index of 150.2. The median price of a single-family home is about $250,000, which is $5,000 less than the nation’s median. For a first-time buyer, this is an encouraging figure to consider.
Additionally, rent is considered relatively low compared to household income. Those living in apartments spend about 20.6 percent of home income on rent compared to 26.6 percent for the rest of the country. When rates seem to be increasing all over the country, Nashville provides a welcome relief.
Home prices in Nashville also tend to appreciate in value over time, at least in recent years. Changes in home values strengthen the area’s real estate market, but it also means that real estate agents need to be able to identify which homes are worth the buy.
What Can Tennessee Real Estate Agents Do?
There is no better reason to pursue continuing education as a real estate professional in Tennessee than Nashville’s real estate market status. This is where PDH comes in, offering courses like Green Housing Essentials and Residential Building Red Flags. When demand for local homes increases, you want to lead the pack by offering more than other real estate agents. Taking real estate courses helps you address challenges local to your region and provide service that gives you a real competitive edge.
Are you ready to up your real estate game as a Nashville real estate agent? Contact us for more information about coursework that will benefit your career.