Bill Lewis, Special to Nashville Tennessean / USA TODAY NETWORK — TENNESSEE
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Good schools, job growth, convenient location and low home prices make area attractive
A combination of good schools, strong job growth, direct access to two interstates, a location within easy commuting distance of Nashville and home prices that consistently rank among the region’s lowest is making Rutherford County a destination of choice for home buyers.
“Attainable housing is still available in Rutherford County for median-income residents,” said Trey Lewis, vice president for Ole South, the region’s largest home builder.
The company, which is based in Murfreesboro, has 15 active subdivisions in Rutherford County and more coming. One of the newest, Eagle View Village, is in the increasingly hot Eagleville market close to the Williamson County line.
With initial prices for all-brick homes expected to begin in the $250,000 range, Eagle View Village is an alternative to pricier Williamson County. In nearby Arrington, a few miles down Highway 96 toward Franklin, the average home price in January was $855,000, according to data compiled by the Williamson County Association of Realtors.
“Williamson County demand is growing in that direction,” said Lewis.
Two other builders have entered the Rutherford County market for the first time. Goodall Homes is building attached cottages at the Cottages of Valleybrook. Prices start at $231,000 for one-level cottages with 1,411 to 2,107 square feet.
Gallatin-based Goodall is also launching home construction in the Reserve at Marymont Springs off Highway 96 west of Interstate 24. Prices range from the low $300,000s to the low $500,000s.
Cottages of Valleybrook is not age restricted but many buyers are 55 or older and are attracted by the location near the Alvin C. York Veterans Administration Medical Center. Goodall has already sold 15 of the 32 cottages in the first phase. It will build a total of 64, said Shannon England, sales manager for the company.
Huntsville, Ala.-based Davidson Homes is constructing houses in the Shelton Square, Wynthrope Hall and Rivers Edge subdivision in Murfreesboro and in The Meadows neighborhood in Smyrna.
Rutherford County was the Nashville area’s price leader in January. The average price of $265,915 was the lowest in the region, according to the Williamson County Association of Realtors.
“With real estate booming in Nashville, and many homeowners priced out of Davidson and Williamson Counties, our team saw a fantastic opportunity to provide a unique product at an attractive price in the surrounding suburbs,” said Adam Davidson, president and CEO of Davidson Homes.
The company is building homes ranging from 2,400 to 3,100 square feet in The Meadows. Prices range from the low to mid-$300,000s.
“Smyrna is a great place to both live and work. It is conveniently located between Nashville, Murfreesboro and Franklin, making it extremely easy to commute to work while still offering affordable housing in a great school district,” said Chris Smith, Davidson Homes’ Nashville division president.
Ole South plans to build at least 22 homes in The Meadows. The company also has 56 home sites remaining in the nearby Preserve at Stewarts Creek subdivision, said Lewis.
The Meadows and the Preserve at Stewarts Creek are located close to where I-24 and Interstate 840 meet and are zoned for the Stewarts Creek school district. That location is popular with families and with people commuting to both Nashville and to Franklin.
To meet demand in the area around I-24 and I-840, Ole South is launching a new phase of home construction in nearby South Haven. That master-planned community is also in the Stewarts Creek school district.
South Haven is “the closest subdivision in Rutherford County to Williamson County on 840. It’s the first exit,” said Lewis.
Ole South and Davidson are among the 10 builders selected for Shelton Square, one of Murfreesboro’s newest neighborhoods. Additional builders are Crescent, Celebration, Four Corners, Harmon, Homes by Design, J. Wyatt, Paran and Sam Anderson Construction.
A master-planned neighborhood that will have a pool, green spaces and other amenities, Shelton Square is located on the west side of I-24 close to Medical Center Parkway. The community will have more than 700 homes.
Ole South is offering new single-family homes or townhomes in Rutherford County neighborhoods including Mankin Pointe, Indian Creek, Retreat at Pinnacle Hills, Puckett Station, Liberty Valley, Heritage Place, Creeksbend Evergreen Farms and St. Andrews Place.
“You can still get four bedrooms with a formal dining room for under $300,000” in some Rutherford County neighborhoods, said Lewis.