The real estate markets in Mt. Juliet and Nashville, Tennessee, are dynamic, vibrant, and filled with opportunities. Whether you’re buying, renting, or investing, there’s much to know about these growing areas. According to Michele Friedrichsen of Onward Real Estate, the market remains strong, supported by economic growth and an appealing lifestyle. Current mortgage interest rates are hovering around 7%, with stabilization or slight decreases expected in the coming months, depending on broader economic conditions. To offset these rates, many lenders are offering programs such as buydowns, which can temporarily lower interest rates by up to 3%, saving buyers hundreds of dollars each month in the early years of a mortgage.
Friedrichsen’s extensive experience managing properties and advising clients has revealed key trends, including a noticeable increase in people opting to rent rather than buy. This shift is driven by factors like affordability, flexibility, and economic uncertainty. Young professionals and families are particularly drawn to renting due to its lower upfront costs and convenience. Additionally, many renters are relocating from other states to “test the waters” before committing to a purchase—a strategy Friedrichsen herself used when moving to the area in 1999. Despite the appeal of renting, she emphasizes that for those ready to buy, both Mt. Juliet and Nashville are excellent markets. Nashville, she explains, has become one of the most vibrant cities in the country, offering a rich musical heritage, wonderful homes, and a booming job market. “It’s not just a great place to visit; it’s an incredible place to live.” For those looking to invest, Friedrichsen advises thorough research and partnering with a local expert.
In Mt. Juliet, neighborhoods like Providence, Old Lebanon Dirt Road, and the 109 corridor offer excellent opportunities, with a blend of affordability, amenities, and growth potential. In Nashville, hotspots like Whites Creek/Joelton, Weho/Midtown/Gulch and Cleveland Park/McFerrin stand out for their cultural appeal, strong communities, and promising appreciation rates. She also recommends keeping an eye on future developments and infrastructure projects, as these can significantly impact property values. When comparing costs, Friedrichsen highlights the differences between buying and renting in these areas. In Mt. Juliet, purchasing a home costs an average of $200 per square foot, while rental rates range from $1.50 to $2 per square foot monthly. In Nashville, prices are more variable due to its diverse neighborhoods, with homes averaging $300 per square foot and rental rates between $2 and $3.50 per square foot. These figures reflect the strong demand and desirability of each location, offering options for various budgets and goals.
Mount Juliet and Nashville both offer unique advantages for families and professionals alike. Mt. Juliet and Wilson County, for example, are known for their strong school systems and family-friendly communities. Meanwhile, Nashville attracts residents with its thriving music and entertainment industries, along with an expanding job market. Friedrichsen points out that upcoming transit systems and commercial developments in these areas are likely to further boost property values. Staying informed and flexible is essential for navigating these thriving markets. Onward Real Estate, launched in 2024, has quickly become a top independent brokerage in Middle Tennessee, with nearly 400 realtors joining the team by early 2025. The company focuses on helping families transition through life’s milestones, whether buying a first home, selling, or investing. Beyond real estate, Onward is deeply involved in the community, supporting organizations like Room in the Inn, Habitat for Humanity, and Christmas for the Children. As Friedrichsen puts it, “We’re proud to be part of the evolution of this region and to help families make it home.” Whether renting, buying, or investing, the Mount Juliet and Nashville real estate markets present incredible opportunities. With trusted advisors like Michele Friedrichsen and the Onward Real Estate team, navigating these dynamic markets becomes a rewarding journey. As she says, “This is more than a place to live. It’s a place to thrive.”