Jan 12, 2017, 2:48pm CST Jacob Steimer Staff reporterNashville Business Journal
Nashville is one of the best cities in the country for investing in residential real estate in 2017, according to Forbes. The magazine named Nashville the eighth-best U.S. market in which to buy a home this year, citing the city's outsized recent growth in population, jobs and home prices.
For the rankings, Forbes partnered with Local Market Monitor, a company that tracks more than 300 housing markets. For each market, the company analyzed housing indicators as well as broader growth trends to determine each city's projected three-year growth in housing prices.
The analysis determined that home prices in the Nashville market will grow by 24 percent over the next three years and that homes in the Nashville market are under-priced by 7 percent.
Nashville ranked fourth on the 2014 version of the list, but did not make the magazine's top 10 in 2015 or 2016.
Southern cities dominated the list for 2017, with Dallas claiming the top spot.
Jacob Steimer covers Music City's tourism, hospitality and music business industries.