Is Nashville the Next Major Retirement Destination?

Can you spot the $207,744 difference between these identical homes?

Financing is the difference!

Get the details in The 62+ Loan Homebuyers Guide.

55places Mortgage is a joint venture between Mutual of Omaha Mortgage and 55places.com.
Details here.

Subscribe to Our Newsletter

Get Weekly Updates

I agree that 55places and its affiliates, partner providers or agents may call, text, or email me about my inquiry, which may be made with automated means. I understand that my consent is not a prerequisite for buying a property. I may revoke my consent at any time by contacting optout@55places.com. Message/data rates may apply. I also agree to 55places.com’s Privacy Policy and Terms of Use.

See why Nashville is the new hot spot to retire to.
See why Nashville is the new hot spot to retire to.
See why Nashville is the new hot spot to retire to.

Popular retirement destinations like Florida, New Jersey, and Arizona have attracted the baby boomer crowd for many years due to their favorable climate, low cost of living, attractions, and tax breaks. But a new contender is quickly coming into the picture and retirees are taking notice.

Nashville, TN is now squarely in the spotlight and is on its way to becoming the next retirement mecca. Forbes ranked Nashville as one of the “Next Big Boom Towns” in the U.S. because of its growing economy and job market, making it one of the hottest American cities with plenty of potential for its residents as well as retirees. According to regional planners, one million people are expected to move into the Nashville area over the next two decades, most of whom will be retirees.

So why are retirees flocking to Nashville? Besides its vibrant country music scene and cultural attractions, boomers are moving to the city to be close to their family and grandkids. The city also offers a great quality of life, lower cost of living, tax benefits, recreational activities, and a four-season climate.

Cost of Living & Tax Benefits

With the cost of living below the national average by 9.7%, retirees can stretch their budgets a lot more in the Nashville area. Another major draw for baby boomers is that Tennessee carries the third-lowest tax burden in the country. The state is noted for having no income tax and the state’s sale tax is 7%. Most retirees also qualify for property tax relief and the state no longer imposes an estate tax.

In addition to these tax breaks, retirees enjoy easy access to affordable medical care in the Nashville area. According to the Employee Benefit Research Institute, boomers living in Tennessee pay below the national average for healthcare. Top-notch healthcare facilities are located in downtown Nashville like Vanderbilt University Medical Center, The Vanderbilt Clinic, and St. Thomas Hospital, which offer some of the best cardiac care centers in the nation.

Local Attractions & Entertainment

And if that’s not convincing enough, Nashville offers some of the best entertainment in the country. The Grand Ole Opry, the Country Music Hall of Fame, Nashville Ballet, and Nashville Symphony at Schermerhorn are just a few of the options located in “Music City, USA” which mean boomers never have to travel too far for their next date night, concert, or fun outing.

Communities

The Nashville area has plenty of active adult communities that promote a healthy and social lifestyle with amenities like swimming pools, fitness centers, walking trails, and weekly social events and clubs. Lake Providence in Mt. Juliet, which is just 17 miles from downtown Nashville, is one example of a successful 55+ community in the area that attracted the baby boomer crowd.

Developed by Del Webb between 2006 and 2016, this age-restricted community features more than 1,000 homes centered around a large clubhouse overlooking a 15-acre lake. With more than 80 clubs and an on-site lifestyle director, residents have no problem staying active, healthy, and social in this vibrant atmosphere.

Following its success from Lake Providence and a strong demand from retirees for this type of development, Del Webb’s newest active adult community opening in 2017, Southern Springs in Spring Hill, TN, will host 602 single-family homes spread across 309 acres. Del Webb will offer a clubhouse brimming with resort-style amenities like an indoor lap pool, fitness center, aerobics room, dog park, tennis and pickleball courts, and an outdoor pool.

Builders are developing these rich active adult communities that cater to retirees where they can age in place by offering single-level home designs, wide doorways, lever handles instead of door knobs, and large windows that bring in plenty of natural light.

With so many great items getting checked off the retirement list, developers and builders are catching on and moving in on this housing market to keep up with the demand for age-restricted communities for people aged 55+. Retirees are also catching on and realizing all that Nashville has to offer. The low taxes and affordable cost of living combined with great attractions and entertainment are like music to their ears.

Can you spot the $207,744 difference between these identical homes?

Financing is the difference!

Get the details in The 62+ Loan Homebuyers Guide.

55places Mortgage is a joint venture between Mutual of Omaha Mortgage and 55places.com.
Details here.

We're here to help! (800) 928-2055

Call us to speak with a customer service representative.

Subscribe to Our Newsletter

Get Weekly Updates

I agree that 55places and its affiliates, partner providers or agents may call, text, or email me about my inquiry, which may be made with automated means. I understand that my consent is not a prerequisite for buying a property. I may revoke my consent at any time by contacting optout@55places.com. Message/data rates may apply. I also agree to 55places.com’s Privacy Policy and Terms of Use.

Palm trees lining a path at Regency at Babcock Ranch in Punta Gorda, Florida.

New Active Adult Communities Added to 55places.com

In this comprehensive roundup, we bring you the latest additions to 55places.com—a trusted resource for exploring active adult communities. Over the past 30 days, several new communities have joined the ranks, each offering different amenities and locations.

Close up on a tiny wood home model on green grass, a representation of the real estate market.

Real Estate Summary: This Month in the 55+ Housing Market

This month, we brought in more than beautiful flowers. There are also lower mortgage rates and new homes for the housing industry! Below is a more in-depth breakdown of what happened and why now is an excellent time to enter the market.

The outdoor resort-style pool at Sun City Huntley in Huntley, Illinois.

Exploring Del Webb Communities in Illinois

In Northern Illinois, Del Webb communities offer the resort-style amenities, active lifestyles, and low-maintenance homes many retirees seek in their next communities. Take a closer look at each one!

Aerial view of Kissing Tree, a 55+ community in Texas.

The Best Communities in Texas for Snowbirds

There are many good reasons to retire in Texas, but if you’re only looking to spend the winters in the Lone Star State, you’ll still find plenty of options. Texas is home to dozens of active adult communities that appeal to snowbirds. Read on for some ideal active adult communities for snowbirds to make their roost in Texas.

About 55places

We’re changing the way people 55 and older are searching for their perfect next place. With a national network of hand-selected real estate experts, plus comprehensive information, unbiased content, and on-the-go insight about thousands of communities across the country, we’re a trusted resource paving the way from here to home. Whether you’re interested in a low-maintenance single-level residence, an active lifestyle or age-qualified community, an intimate enclave, or anything in between, we can help you make your next move the best one yet.

Scroll to Top