Nashville Real Estate And Economy (Copy)

Health Care

Nashville is home base to hundreds of health-care companies, including hospital giants HCA and publicly traded Community Health Systems, two of the nations biggest such chains. The area also gets an employment and research boost from well-known academic and research institutions such as Vanderbilt University Medical Center and Meharry Medical College. Health care is generally seen as the Nashville area’s most attractive economic sector.

Music, Entertainment & Hospitality

A recent Nashville Area Chamber of Commerce study suggested that the music industry provides an economic impact of $6.4 billion a year, with average earnings ranging from $10.69 an hour for entry-level musicians and singers to $38.87 an hour for more experienced performers and record label staffers.

Automotive & Manufacturer

The vibrant auto industry has endured a few setbacks. Nissan North America continues to produce cars at its successful Smyrna assembly plant near Nashville, and it has broken ground on a battery plant that will help fuel production on the company’s all-new, all-electric Leaf small car.

Nashville Real Estate & Distribution

Home prices have held up well in the Nashville area. Real estate analysts say Middle Tennessee never saw a big run-up in prices during the real estate boom and thus didn’t collapse when the U.S. recession hit. The Nashville area is also known as a transportation and warehouse hub, thanks to the meeting of interstates 65, 40 and 24. The region has become a solid jumping-off point to ship commercial goods to consumers in the Deep South, East and Midwest.
Information gathered from the FYI Guide to Middle Tennessee, The Tennessean.