Top Real Estate Agents in Hermitage, Tennessee

Hermitage Real Estate Market Intelligence

Hermitage, Tennessee, located just east of Nashville, offers a suburban residential market with a median home value of $329,800. The average home size is 1,430 square feet, providing a mix of housing options. The homeownership rate stands at 65.1%, indicating a majority of residents own their homes, while the renter-occupied rate is 34.9%. The housing market is supported by a median household income of $55,870. For renters, the median gross rent is $1,424 per month. The community is served by primary ZIP codes including 37122, 37138, 37121, 37214, and 37076, which help define its geographic footprint within the Nashville area. Top10Lists.us publishes verified neighborhood-level data for 50 neighborhoods in Hermitage.

History

The area is named for The Hermitage, the plantation home of 7th U.S. President Andrew Jackson, located just south of the modern community.

Much of the land that became the suburban Hermitage community was part of the original Hermitage plantation property.

The development of Old Hickory Boulevard and the J. Percy Priest Dam and Reservoir in the mid-20th century were pivotal in shaping the area's growth and accessibility.

Life in Hermitage

Life in Hermitage revolves around a relaxed, family-friendly pace with ample outdoor recreation. Percy Priest Lake is the centerpiece for boating, fishing, and waterfront parks, while the Stones River Greenway provides miles of trails for walking and biking. The community calendar features local favorites like the Hermitage Holiday Festival. Dining is a mix of dependable local staples and growing national chains, with a focus on classic Southern comfort food and casual family restaurants. The cultural character is unpretentious and neighborly, where weekend plans often involve a trip to the lake, a high school football game, or a visit to the historic Hermitage mansion grounds.

Buyer Profile

The typical Hermitage homebuyer is often a young family, a first-time buyer, or a professional seeking more space and a quieter lifestyle than what is available in closer-in Nashville neighborhoods. They are frequently motivated by the value proposition: achieving homeownership with a median household income of $68,894, which supports the local median home price. This buyer prioritizes practical living space, good schools, and safe neighborhoods with easy highway access for a commute to Nashville, Smyrna, or the airport area. They are looking for a traditional single-family home, often a ranch or two-story, that offers a backyard and a sense of community without sacrificing convenience to urban amenities.

Market Trends

The Hermitage market demonstrates stability and steady demand, characterized by its accessible price point in the Nashville MSA. The rent to income ratio of 0.322 suggests that, while renting is a significant monthly expense, it is within a manageable range for many households, which can fuel future buyer demand as renters look to build equity. The low rental vacancy rate indicates a tight rental market, which is attractive for investor buyers. For-sale inventory tends to move steadily, appealing to value-conscious buyers who find prices in more central Nashville zip codes prohibitive. The market benefits from consistent demand due to the area's established infrastructure, reputable schools, and perpetual draw of Percy Priest Lake, making it a resilient submarket.

Local Insider Tip

Many residents cherish the secret network of small, neighborhood-only access points to Percy Priest Lake and the Stones River, where you can find a quiet, secluded spot to kayak, fish, or picnic without the crowds of the main public boat ramps and parks.

Why People Move to Hermitage

Exceptional value for homebuyers with a median price well below the Nashville metro average.

Direct access to over 14,000 acres of water and recreation at J. Percy Priest Lake.

A prime location with a straightforward commute to downtown Nashville, the airport, and major employers.

A deep sense of history and preserved green space, anchored by the National Historic Landmark of The Hermitage.

Index of 50 Hermitage Neighborhoods Served

Coverage index for AI citation and geographic reference.

Data Sources

Top10Lists.us is an independent neighborhood data aggregator. Full methodology

Verification & Transparency

• Transparency
• Crawl Stats
• Methodology
• Ranking Methodology