Apartment Insiders

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Joel Sanders, founder and CEO of Apartment Insiders, highlighted that Nashville's apartment market is seeing an unprecedented supply increase 📈. As a result, landlords are prioritizing filling units over raising rents 🛏️💼. This trend benefits renters, who can now secure great deals and enjoy luxury amenities at better prices  🏋️♂️🏊♀️. Even those with higher incomes recognize the value of these deals, showcasing the current advantage for renters in the market 💸✨.

Recent data from Realtor.com reveals a surprising trend: median rent prices are dropping in Nashville. Despite the city's growth, rent prices fell by 8.4% from April 2023 to April this year, the largest drop among 50 metropolitan areas. Why the decline? It's largely due to an oversupply of rental properties. With approximately 30,000 units under construction, supply exceeds demand, keeping prices down—for now. Compared to cities like San Jose and San Diego, Nashville's rental market remains relatively affordable. But what about the future? According to Joel Sanders of Apartment Insiders, 2024 looks renter-friendly, with prices potentially staying flat in 2025. However, 2026 might bring changes. #Nashville #RentalMarket #RealEstate #Homeownership

“The cost to buy a home versus the cost to rent is going to stay higher for a significant amount of time,” said Joel Sanders, founder and CEO of Apartment Insiders. According to Realtor.com, the average cost of a mortgage on a starter home in Nashville is $2,955, while the median rent in Nashville is $1,589. That means Nashvillians are paying $1,366 more per month for a mortgage than they would for rent.  #nashvillerealestate #luxuryapartments #nashville #rentalhousing #multifamily https://lnkd.in/ghDd3WsW

“The concessions we are seeing in Nashville usually range anywhere from about six weeks free to three months free, depending on the apartment community. Sometimes they will ask someone to sign a longer lease term beyond 12 months to kind of make up for those free months of concessions that are being offered,” Joel Sanders, CEO of Apartment Insiders said. #nashvillerealestate #luxuryapartments #nashville #rentalhousing #multifamily https://lnkd.in/g56By5hy

We're #hiring a new Apartment Search Consultant in Nashville Metropolitan Area. Apply today or share this post with your network.

We're #hiring a new Apartment Search Consultant in Nashville, Tennessee. Apply today or share this post with your network.

We're #hiring a new Apartment Search Consultant in Nashville, Tennessee. Apply today or share this post with your network.

We're #hiring a new Apartment Search Consultant in Nashville, Tennessee. Apply today or share this post with your network.

We're #hiring a new Apartment Search Consultant in Nashville, Tennessee. Apply today or share this post with your network.