So, IKEA may not be coming to the Nashville area, but that Antioch property is still due for a big change: Reports came through last week that the 300-plus-acre Century Farms development is now expected to be home to a new Tanger Outlets mall.
It’ll likely be a little bit before Nashville bargain hunters get into the new local Tanger shops — they’re eyeing late 2019, or early 2020. But even now, the news is bringing a lot of attention Antioch’s way, and it bodes well for homeowners there (who’ve continued to enjoy some of the more affordable homes in the immediate Nashville vicinity).
Read more about the Tanger Outlets Antioch plans from The Tennessean.
What Tanger brings
If you’re not well-versed in the Tanger experience: This is no small operation coming Antioch’s way. Tanger already has dozens of expansive outlet malls stretching from the East Coast nearly to the West Coast, including a really popular one here in Tennessee, out in Sevierville. And the shops inside those malls share discounted finds from some of the biggest brands — Sevierville boasts a mix that ranges from Converse shoes to Fossil watches and bags, Harry & David snacks, Gap clothes and Bath & Body Works beauty stuff.
What we get here in Antioch could vary considerably, but we’ll at least likely get a similar mix of just about every shopping need you might have, from brands you surely recognize.
What does this mean for Antioch?
So, will the arrival of a local all-in-one shopping destination make Antioch home prices ramp up? Sure, it’s possible — lots of studies have shown that proximity to shopping and other conveniences have a positive effect on home values.
Whether or not the new Tanger outlet mall juices home prices in Antioch, they’ve already been on an upward trajectory, like the rest of Nashville. Five years ago, the median home sales price in 37013 was sitting at around $130K. In the fall of 2018, it’s hovering closer to $210K — a significant jump, for sure.
What’ll happen between now and 2020 depends on a slew of different factors, but considering the fact that Antioch’s remained a pocket of affordability here, and that it still has significant room to grow, it certainly feels like a spot to keep an eye on.
Curious to see what the Antioch housing market offers right now? Take a look at some homes for sale in Antioch, TN, here. And if you have any questions about the area — or other parts of Middle Tennessee — we’re always more than happy to help. Reach ACRE here, and tell us what you’re thinking about, and looking for. We’d love to help you track down the right spot for you and your family, and the right home!