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Greg, Other/Just Looking in 37202

How's Madison, TN in the Nashville market looking?

Asked by Greg, 37202 Sun Jul 22, 2007

I've had three sets of acquaintances start looking at houses in Madison. Should I start looking at investing there?

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This year at Mayor Purcell’s housing conference, the codes and zoning leaders showed the attendees the amount of building and improvement permits requested in the Nashville metropolitan area. Shockingly enough, Madison had more permits than any other area. They hinted that those permits may indicate a great amount of improvements, renovations and new construction. That obviously makes Madison a continuing rising star in this market.

Madison has also seen an influx of young residents move in to start revitalize the arts centers and create more life in its Gallatin Road corridor. Developers are looking again at Madison with innovative housing like the hip urban Square One and the character-filled Lanier Park. Coleman Lake is almost complete with the natural, organic Harbor Village with waterside living.

Obviously, you can’t overlook the value for what you get in Madison. I was actually showing houses there this week to two different buyers, and both couples were amazed by the value in comparison to other places in area 6 of the market.

All that to say, with every real estate purchase there is no promise of future value, however, Madison is looking really good as a great place to live! Hope this helps!
2 votes Thank Flag Link Sun Jul 22, 2007
As Brian just pointed out, great deals are to be found in Madison. The hot renovation trend from East Nashville has definitly hit the Inglewood area, and it may not be long before it hits Madison. The best deals are likely be be found just north of Briley Parkway, on the east side of Gallatin Road. West of Gallatin Road seems to be a bit more stable. All in all, not a bad area and time to grab some properties on the downward side, make livable if they're not already, rent out and hold for 24 months to avoid those dreaded capital gains taxes, and then make a tidy profit in year three!
Web Reference: http://leecourtwright.com
1 vote Thank Flag Link Mon Sep 24, 2007
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