Brentwood TN Real Estate Market Trends & Forecast 2019-2021

A Close Look At The Real Estate Market In Brentwood, TN

Located in Williamson County as part of Middle Tennessee, Brentwood is a thriving suburb of Nashville known for its beautiful neighborhoods and rolling hills. Did you know that Brentwood, TN is one of the wealthiest cities in the U.S.? This makes it one of the hottest markets in the country for luxury real estate. Incorporated in 1969, Brentwood is currently celebrating its 50-year anniversary. Are you looking to buy a house or invest in real estate just outside Nashville? Our team at Amy Jackson Smith Real Estate has compiled current market trends and market forecast data to give buyers a snapshot of Brentwood, TN. Let’s have a look!

Top Industries In Brentwood, TN

If you’re looking to relocate to Brentwood, TN, you’re probably wondering what the local job market and economy looks like. Here’s a quick list of the top employers in this affluent Nashville suburb:

• Hospital Corporation of America
• Comdata
• Tractor Supply Company
• Brookdale Senior Living
• DaVita, Inc.
• AT&T
• The Lampo Group
• LBMC (Lattimore Black Morgan & Cain)
• W Squared
• City of Brentwood

» 2019 Insight & Statistics For Brentwood, TN Real Estate

Currently, the real estate market in Brentwood, TN is very hot for sellers--with home values and prices on the rise and projected to continue steadily increasing. Here are some key statistics for Brentwood’s housing market for buyers and sellers flocking to this Nashville suburb.

» Nearby Cities Compared To Brentwood, TN

As part of our thorough real estate market research for Nashville, surrounding area, and Middle Tennessee at large, here are the median home values for the cities near Brentwood Tennessee in Williamson County.

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Current Real Estate Market Trends In Brentwood, TN

As mentioned before, Brentwood, TN is currently a hot seller’s market. We’ve included extra statistics and demographics to provide a clearer snapshot of real estate availability and competition in this Nashville suburb. Overall listing prices have seen a steady decline since April 2019 and have plateaued as of August.

» Population Demographics:

• B.A. or A.A. Degree = 34.3%
• Master’s Degree = 7.1%
• High School Graduates = 48.9%
• High School Or Less = 9.7%
• 9 Years Old Or Younger = 13.9%
• 10-17 Years Old = 14.5%
• 18-24 Years Old = 7.6%
• 25-39 Years Old = 17.2%
• 40-64 Years Old = 33.1%
• 65+ Years Old = 13.9%
• Agriculture/Forestry/Fishing/Hunting/Mining = 1.2%
• Arts/Entertainment = 8.6%
• Construction = 10.1%
• Education/Health = 23.5%
• Finance/Real Estate = 9.5%
• Information = 3.2%
• Manufacturing = 4.4%
• Professional = 11.1%
• Public Administration = 6.4%
• Retail/Wholesale = 12.7%
• Transportation/Warehousing = 5.2%
• 150,000+ Yearly Income = 22.7%
• $75,000-$149,999 Yearly Income = 35.9%
• $30,000-$74,999 Yearly Income = 28.3%
• $30,000 Or Less Yearly Income = 13.1%
• Houses Built Before 1950 = 2.6%
• Houses Built 1950-1989 = 17.1%
• Houses Built After 1990 = 80.3%

Brentwood, TN Real Estate Market Forecast 2019-2021

According to current trends in the Brentwood, TN housing market, home values are expected to increase by 0.9% before 2020 with the median sales price of homes increasing 2% every year through 2021. Since 2000, home values have appreciated by 113.53% with a yearly average growth rate of 4.02%. Here are some of the fastest growing neighborhoods in Brentwood, TN:

• Franklin Road & Murray Lane
• Brentwood Station
• Winston Drive & Ethan Lane
• Foxborough Square East & West
• Hillsboro Road & Boxwood Drive
• Wilson Pike & Chickasaw Drive
• City Center
• Franklin Road & Concord Road
• Bluff Road & Pinkerton Road
• Concord Road & Lipscomb Drive

Brentwood, TN Rental Market Analysis

Residential rentals in Brentwood, TN have seen a steady increase since 2011 with an average monthly rate of $3,376 as of July 2019. Because Brentwood is a predominantly white collar city, monthly rental rates exceed that of Nashville at $1,544 and the national average of $1,492. Here are some more helpful metrics regarding the Brentwood, TN rental market!

Single & Multi-Family Homes In Brentwood, TN

As of August 2019, there are over 300 active listings for single-family homes in Brentwood, TN. Although most of the real estate and housing available in this Nashville suburb is newly built post-1990, the area has not been developed for multi-family homes and housing. However, surrounding areas show at least 40 listings for multi-family real estate.

 

The Best Neighborhoods & Areas In Brentwood, TN

Just outside Nashville, Brentwoood, TN allows residents the opportunity for quiet country life with most neighborhoods tucked within the rolling hills of the landscape. Here are three of the most popular Brentwood neighborhoods with the steadiest home values and prices.

» Annandale:

Featuring a pool, lakes, walking trails, and parks, Annandale is also near the highway for easy commuting as well as some of the best schools in Brentwood, TN.

» Governor’s Club:

Full of beauty and charm, this Brentwood, TN neighborhood also houses a golf course, clubhouse, and pool for local residents.

» McGavok Farms:

Close to Downtown Brentwood and Downtown Nashville, McGavok Farms offers a lake, a park, and walking trails for residents to enjoy the beautiful outdoors. The neighborhood is also near Granny White Park with world-class athletic facilities, tennis courts, and more.

Why Invest In Brentwood, TN Real Estate?

With a solid public school district via Williamson County and many quality schools to choose from, Brentwood, TN is the perfect city to raise families and educate children and young adults. Also keep in mind that the crime rate in this Nashville suburb is lower than the national average. With 73.18% of adult residents holding a college degree and 94.20% of the workforce employed in white-collar positions, Brentwood is a city of financial wealth and stability--and only continues to grow throughout the years. Purchasing a home in Brentwood, TN does not only promise a solid real estate investment but also provides opportunity for growing your equity while not being too removed from the advantages of city life in nearby Nashville.

Top-Quality Tennessee Real Estate

Do you have any additional questions related to real estate market trends and predictions for Brentwood, TN? Contact Amy Jackson Smith today for all inquiries and to work with one of the best in Tennessee real estate. Call us today at 615.300.1025.