Thanks to the influx of recently updated older homes, the nearby waterfront, and the close proximity to downtown Nashville, Old Hickory has enjoyed modest but consistent gains in home values. One perk if you’re a buyer is that the predominantly small houses limit the ultimate sale price. Even though the neighborhood’s price per square foot of $196 is comparable to that of a place like Franklin, the average sale price of roughly $300,000 keeps the neighborhood accessible to less ritzy populations.