Buying versus Renting. Which is better for Nashville Residents?

    Having a hard time deciding whether it is smarter to rent or buy in this economy? Rent seems less costly and more affordable at first, but you may surprised to hear, that in Nashville, that isn’t necessarily the case. CNN Money recently did an article on the best cities to rent a house versus the best cities to buy a house. The article features 12 cities- some favorable to the renter’s market and others favorable to the buyer’s market. I am sure you are wondering where Nashville stands in the mix? Well, Nashville was ranked as one of the best cities to buy! The average list price of home is $202,368 and the average monthly rent is $1,211. The price to rent ratio is 13.93! Because Nashville’s real estate is undervalued, purchasing a home in Nashville is more affordable than renting.

    Other Cities:
    Miami, FL: Buy
    Manhattan, NY: Rent
    Detroit, MI: Buy
    Seattle, WA: Rent
    Jacksonville, FL: Buy
    Arlington, TX: Buy
    Fort Worth, TX: Buy
    Omaha, NE: Rent
    Columbus, OH: Buy
    Kansas City, MO: Rent
    Nashville. TN: Buy
    San Diego, CA: Rent

    To see more details about these cities list check out CNNmoney.com

    Interested in buying? Contact Allen- allen@nashvilleonthemove.com or Andrew- Andrew@nashvillonthemove.com or visit: www.nashvilleonthemove.com

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