Nashville has become a city of construction cranes, a place where tall condos have uprooted one-story buildings and where neighborhoods once avoided are today the prize of developers.

Now, the red-hot real estate market is expected to lead to a “historic increase” in property values during the next reappraisal.

Davidson County Property Assessor George Rooker Jr. is estimating an average increase in residential property values of between 33 and 37 percent when Metro’s next property reappraisal comes in 2017. Appreciation varies by neighborhood, with rapidly developing communities — Inglewood and other parts of East Nashville, for example — seeing the largest gains in property values over the past two years.