Germantown/Hope Gardens | Best Nashville Neighborhoods

HOMES

  • Average Number of Days on Market:  140
  • Average Sale Price:  $188,446
  • Average List Price:  $197,958
  • Cost Per Square Foot:  $112
  • List-to-Sale Variance:  5%
  • Average Sold Per Year:  22
  • Average Square Feet:  1,673 (with a 14.2-month rate of absorption)

CONDOMINIUMS

  • Average Number of Days on Market:  102
  • Average Sale Price:  $206,813
  • Average List Price:  $217,556
  • Cost Per Square Foot:  $151
  • List-to-Sale Variance:  5%
  • Average Sold Per Year:  22
  • Average Square Feet: 1,363 (with a 10-month rate of absorption)

Zip Codes: 37208

Germantown/Hope Garden’s roots began growing in 1786, when James McGavock and his son David purchased the land on which the neighborhood is now situated. The McGavocks, from Virginia, purchased 2,240 acres of land situated on both sides of the Cumberland River.  Shortly after, in 1865, the area was incorporated into the Nashville city limits and a large number of German immigrants joined the already booming population of German residents. They began moving into the grand houses, worker’s cottages and shotgun homes, shopping at the corner stores and attending services at neighborhood churches. Burns Island Race Track preceded Morgan Park as the area’s gathering place and was host to the richest horse race in the world at that time. Morgan Park’s history dates to 1909, when the Nashville Park Board purchased Frederick Laitenberger’s German beer garden, which later occupied the site.  When the gates closed and the jockeys made their way out of the neighborhood, the area was turned into the city’s first horticultural garden. But even the magic of the garden couldn’t prevent the neighborhood from slipping into decline.  According to Davidson County Historian and Oktoberfest founder John Connelly, as streetcar lines expanded and advancement was made in motor transportation technology, older residents moved away from the “walk to town” area.

Nearly hitting rock bottom after World War I, a group of urban pioneers began reclaiming Germantown in the late 1970s. Buying up vacant lots and entire city blocks, the pioneers began restoring the neighborhood to its former prestige. Today, zoning in this region allows for residential, commercial, office, retail, and industrial entities to coexist side-by-side.

The historic area is one of Nashville’s oldest residential neighborhoods, with home prices that typically ranging between $150,000 and $500,000. Designated in 1993 as an Inner City Arboretum, Germantown contains more than 135 varieties of trees and shrubs.

Germantown is now famous in Middle Tennessee for hosting Oktoberfest, a celebration of German and American food, music, arts, and crafts on the second Saturday in October. The farmer’s market is a huge attraction that brings people from all over the metro Nashville area to 8th Avenue for fresh local produce. The cool, modern Germantown Café is famous for its upscale bistro fare in a neighborhood setting.

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