Looking for a new market to invest in real estate ? Wondering what ’ s happening in the Middle Tennessee property market ? Check out this round up of local property data and economic trends ... In real estate and investment circles the greater Nashville , TN area is known not just for its famous music scene , but also as an affordable and more stable property market for those seeking income .
How has COVID19 and the chaotic events of 2020 been changing that , if at all ? What is the state of the market for investors ? What is the outlook ahead ?
Middle TN is anchored by state capitol , Nashville . Music City is also the most populous in this state , with a population of almost 2M in 2019 . The population here has grown at every census since 1810 , with the exception of 1960 . Around 100 people move here every day .
In 2017 , it was recognized as having the fastest growing economy in the US . In addition to music , this region has moved beyond manufacturing to being supported by a diverse economy . One built on tourism , healthcare , insurance and financial services . Many Fortune 50 companies have offices here .
" According to data from The University of Tennessee , Boyd Center for Business & Economic Research , TN employment actually kept growing year over year through the first half of 2020 .
According to the Nashville Business Journal in August 2020 , the city ’ s fastest growing businesses have been growing by as much as 100 % to over 300 % per year ."