The Home Buyer's Korner

Information presented should be used for educational purposes only.

December 31st, 2015

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WILLIAMSON COUNTY, TENNESSEE AREA

Home Buyer’s Korner

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Berrys Chapel Neighborhood

Franklin, Tennessee

Deerfield Lane Franklin TN

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Berrys Chapel is a suburban neighborhood located in Franklin, Tennessee. The median real estate price in the Berrys Chapel neighborhood is $442,714, which is more expensive than 97.7 percent of the neighborhoods in Tennessee and 87.0 percent of the neighborhoods in the U.S.

The average rental price in Berrys Chapel is currently $1,642, and rental cost in this neighborhood is higher than 97.2 percent of the neighborhoods in Tennessee.

The Berrys Chapel area real estate is primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family homes, town homes and condominiums. Most of the residential real estate is owner occupied. Many of the residences in the Berrys Chapel neighborhood are established, but not old, having been built between 1970 and 1999, with a number of residences built between 2000 to present day.

Home and apartment vacancy rates are 8.4 percent in Berrys Chapel, which lower than 55.0 percent of the neighborhoods in the nation, and approximately near the middle range for vacancies.

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways.

A majority of the adults in the Berrys Chapel neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you’re an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle “best choice” neighborhood for Tennessee and rated better for executive lifestyles than 99.2 percent of the neighborhoods in the state. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children and urban sophisticates.

Astoundingly, this neighborhood has a higher concentration of married couples living here than 97.9 percent of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Berrys Chapel neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. 

A unique way of commuting is simply not to, and in the Berrys Chapel neighborhood, 13.1 percent of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 97.2 percent of the neighborhoods in the United States. Research reveals is that the wealthier and more isolated the neighborhood, the greater the proportion of residents who choose to work from home. If your work day includes remaining at home be sure to consider this neighborhood; you’ll probably find many of the services near by needed to conduct business from home. 

Another way that the Berrys Chapel neighborhood really stands out, is that it has larger four, five, or additional bedroom homes than 96.6 percent of the neighborhoods in America. When you walk or drive around this neighborhood, you’ll instantly notice the size of the homes here which definitely makes a strong visual statement.

Your future neighbors in the Berrys Chapel neighborhood in Franklin are well-to-do, making it among the 15 percent highest income neighborhoods in America, and this neighborhood has a higher income than 93.5 percent of the neighborhoods in the country.

In the Berrys Chapel neighborhood, 59.8 percent of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 26.6 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 8.8 percent, and 4.7 percent in manufacturing and laborer occupations.

Culture is shared learning behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture, our learned behavior comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand. Places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Berrys Chapel neighborhood of Franklin, Tennessee, residents most commonly identify their ethnicity or ancestry as English at 15.6 percent. There are also a number of people of German ancestry at 11.0 percent, and residents who report Irish roots at 10.7 percent. Some of the residents are also of Scots-Irish ancestry at 3.0 percent, along with some Italian ancestry residents at 2.4 percent, and Danish at 1.6 percent, among others.

The most common language spoken in the Berrys Chapel neighborhood is English, spoken by 95.4 percent of households, while 2.1 percent speak Spanish.

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TENNESSEE HOME OWNERSHIP TOOLS

Your Home Purchasing or Refinancing & Renovation Tools,

Home Improvements, Home Renovations,

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase.

Here are just a few of the home improvements

you might consider with any Home Renovation loan

Repair or replace a roof

Install, replace or repair gutters and downspouts

Replace, repair or upgrade your HVAC system

Repair or replace plumbing

Install, repair or replace electrical systems

Kitchen remodeling (including the purchase and installation of appliances)

Bathroom remodeling, Full interior painting, Total exterior painting

Repair or replace a septic system and/or well

Disability access (wheelchair ramp, elevator, widen doorways)

Build, repair or replace a deck, patio or porch

Basement waterproofing and finishing

Abatement/Stabilization of lead-based paint hazards

Replace old windows, Room additions, Finish an attic

Add a second story to your home

Replace a termite damaged sill plate (a water-damaged sill plate also)

Possible landscaping items such as correction of grading & drainage problems,

tree removal, repair a driveway and sidewalks

FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

FANNIE MAE HOMESTYLE

The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

USDA RURAL DEVELOPMENT

Up to $10K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors are ready to assist you

A SIMPLE HOME SHOPPING INSPECTION TOOL

Organizing your home shopping experience affords a wise decision-making process.

This simple home inspection tool makes your ultimate buying decision a smart one.

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