[1] Once a rural area, Hermitage is now a thriving district with a highly developed network of retail stores and typical suburban tract houses, ranging from the "starter home" to the "executive residence".

The technology headquarters of Deloitte Touche Tohmatsu, one of the Big Four auditors, is located in Hermitage, sprawling across 200,000 square feet (19,000 m2) and employing more than 1,000 people.

It has benefited from the impoundment of the Stones by J. Percy Priest Dam, a nearby United States Army Corps of Engineers project that provides a number of recreation opportunities, particularly in the summer months.

Hermitage and Donelson are often thought of as something of a unit and even have a joint Chamber of Commerce and Christmas parade.

Hermitage is generally considered to be roughly included in United States Postal Service ZIP code 37076.