Luxury Relocation to Nashville: Why Executives & Entrepreneurs Choose Middle Tennessee

Nov 9

Over the past few years, Nashville, Tennessee has transformed from a music capital into one of the most desirable luxury relocation markets in America. Executives, entrepreneurs, and high-net-worth individuals are flocking here for the same reason I’ve built my business here — a rare balance of lifestyle, livability, and long-term value.

As someone who’s personally guided dozens of CEOs, founders, and out-of-state clients through this transition, I’ve seen firsthand why The Costigan Group has become the choice for those relocating into Nashville’s luxury market.

1. Lifestyle Meets Livability — With Real Luxury Value

Nashville’s luxury market continues to outperform expectations.

As of mid-2025, the average sale price in Nashville sits at $853,811, up 3% year-over-year (NashvilleMLS).
The luxury segment — homes priced above $1.9 million — has a median sale price of $1,999,000 and average home size of 4,128 sq ft, typically selling in about 77 days (NestingInNashville).
Nationally, luxury homes rose 2.7% year-over-year, outpacing the general market at 1.4% (Zillow Research).

For my clients, that balance between lifestyle and investment value is everything. When I show out-of-state buyers properties in Belle Meade, Green Hills, Brentwood, or 12 South, the conversation is simple:
Nashville offers more space, more design, and more value — without sacrificing luxury.

2. Where Luxury Buyers Are Coming From

Migration is the heartbeat of Nashville’s luxury demand — and the data backs it up.

From 2020–2024, the Nashville metro grew by roughly 136,000 residents — a 6.4% population increase(Axios Nashville).
Of that total, about 72,000 people moved here from other U.S. states — primarily California (18.7%) and Illinois (20.9%) (Placer.ai).
In 2023 alone, 66 new residents moved to Nashville every day (Nashville Chamber).
The biggest feeder cities? Los Angeles, Chicago, and New York City (BKT Nashville).

I work with many of these exact clients — people leaving California or New York who are shocked when they realize what $2 million buys them here compared to L.A. or Manhattan. They want privacy, acreage, and design — and Nashville delivers all three.

3. Nashville’s Business Boom — and Why It Matters

Tennessee’s no-income-tax structure, growing healthcare and tech ecosystems, and central U.S. location make Nashville a magnet for high-earning professionals.

In 2025 alone, more than 20 Fortune 1000 companies now maintain a significant operational or HQ presence in the metro area.
The city ranks #3 nationally for corporate relocations by site-selection data (Business Insider, 2025).
Major expansions by Oracle, Amazon, AllianceBernstein, and HCA Healthcare continue to push six- and seven-figure earners into the Nashville housing market.

For those clients, the relocation decision isn’t just about real estate — it’s about re-centering their lives. As I often tell new arrivals: “In Nashville, you don’t have to compromise between lifestyle, business, and long-term equity growth.”

4. The Rise of Modern Luxury Construction

Builders across Middle Tennessee are redefining what “luxury” means in the South.
Contemporary architecture, floor-to-ceiling glass, custom millwork, home theaters, and rooftop terraces are now standard features.

The average luxury home size (over $1.9M) sits at 4,100+ sq ft, many with skyline views.
Areas like The Nations, Wedgewood-Houston, and West End are seeing record-setting new-builds.
In Williamson County, new gated communities in Franklin and Brentwood regularly list above $3 million.

Because I’m directly connected with many of Nashville’s top builders and developers, my clients often get first accessto off-market opportunities — and they love that competitive edge.

5. Concierge-Level Relocation Support — What Sets The Costigan Group Apart

Relocating into a high-end market isn’t just about contracts and closings — it’s about connection.
That’s where my team delivers the difference:

Full Relocation Concierge: Private school introductions, design consultations, community tours, and neighborhood scouting.
White-Glove Coordination: Handling inspections, contractors, insurance, utilities, and move-in logistics so clients don’t lift a finger.
Builder & Developer Access: We secure first looks at upcoming projects, particularly in luxury enclaves like Belle Meade and Brentwood.
Trusted Vendor Network: Through my relationships with designers like Cara, lenders like Brandon Carter, and contractors like Eric Schell, I can deliver a seamless, turn-key relocation experience.

As I often tell my clients — you’re not just buying property; you’re buying into an entire lifestyle ecosystem.
And The Costigan Group curates that experience from start to finish.

6. Market Snapshot: The Numbers You Should Know

Here’s a quick look at the key statistics driving Nashville’s luxury real estate market in 2025 — numbers I monitor daily to guide pricing, strategy, and negotiation for my clients:

🏠 Median Luxury Price (>$1.9M): $1,999,000
— Source: NestingInNashville
📏 Average Luxury Home Size: 4,128 sq. ft.
— Source: NestingInNashville
⏳ Average Days on Market (Luxury Segment): 77 days
— Source: NestingInNashville
💰 Average Sale Price (All Homes in Nashville): $853,811
— Source: NashvilleMLS
📉 Median Sold Price (Greater Nashville Metro): $535,277
— Source: RocketHomes
🚚 Inbound Migration: 66 new residents move into the Nashville MSA every day
— Source: Nashville Chamber
🌆 Top Origin States for New Residents:
• California — 18.7%
• Illinois — 20.9%
• New York — 11.3%
— Source: Placer.ai
📈 Projected Price Growth (Luxury Market): +2–4% over the next 12 months
— Source: The Luxury Playbook

These numbers are more than stats — they shape how I guide pricing, negotiation strategy, and property positioning for every high-end client I represent.

7. The Future of Nashville Luxury

Looking ahead to 2026, the luxury market will continue to expand beyond its traditional borders.

Expect Brentwood, Franklin, and Forest Hills to remain anchors for $2–$4 million properties.
East Nashville and Sylvan Park are quickly emerging as modern-luxury enclaves with cutting-edge architecture.
Inventory remains tight — only 3.5 months’ supply in the $1.5M+ range — which keeps pricing firm and competition high.

For serious buyers, timing is everything. My clients often get into properties before public release because of private network access — and that’s the Costigan difference.

Thinking About Relocating to Nashville?

If you’re considering a move — whether for business, lifestyle, or both — let’s make it seamless.
From confidential property tours to full relocation logistics, I personally handle every high-touch detail to ensure a frictionless transition into Nashville luxury.

Visit jackcostiganrealestate.com to begin your relocation journey — and experience firsthand why executives across the country are trusting The Costigan Group to help them call Nashville home.

About the Author

Jack Costigan is a top-producing Realtor® and founder of The Costigan Group at Compass Nashville, specializing in luxury, relocation, residential, and investment real estate across Middle Tennessee. Known for his modern marketing and data-driven approach, Jack has helped dozens of executives, investors, and entrepreneurs relocate to Nashville with confidence.

FAQ

Q: What neighborhoods are top choices for luxury relocation to Nashville?
A: Belle Meade, Green Hills, Brentwood, 12 South, and Forest Hills dominate the luxury scene, while Franklin and Leiper’s Fork are popular with executives seeking more acreage.

Q: Who’s moving to Nashville?
A: The majority of luxury relocations come from California, Illinois, and New York, with many clients leaving Los Angeles, Chicago, and NYC for lower taxes, privacy, and space.

Q: Are luxury prices still rising in Nashville?
A: Yes. Despite national cooling, Nashville’s top 10% of listings continue to appreciate 2–4% annually, driven by inbound migration and inventory scarcity.