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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 Bingham/Parry Neighborhood

Franklin, Tennessee

Boyd Mill Franklin TN

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Bingham/Parry is a suburban neighborhood located in Franklin, Tennessee. The median real estate price in the Bingham/Parry neighborhood is $364,219, which is more expensive than 96.5 percent of the neighborhoods in Tennessee and 80.9 percent of the neighborhoods in the U.S.

The average rental price in Bingham/Parry is currently $1,825, and  the average rental cost in this neighborhood is higher than 98.8 percent of the neighborhoods in Tennessee.

Bingham/Parry 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 Bingham/Parry neighborhood are newer, built in 2000 or more recently, with a number of residences built between 1970 and 1999. Homes built from 2000 through today make up a higher proportion of the Bingham/Parry neighborhood’s real estate than 98.1 percent of the neighborhoods in America. When you are driving around this neighborhood, you’ll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 65.8 percent of the residential real estate here is classified as newer.

Real estate vacancies in Bingham/Parry are 5.6 percent, which is lower than one will find in 72.2 percent of American neighborhoods. Demand for real estate in Bingham/Parry is above average for the U.S., and signals some demand for either price increases or new construction of residential homes.

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.

The Bingham/Parry neighborhood is among the best neighborhoods for families in Tennessee. In fact, this neighborhood is more family-friendly than 95.2 percent of neighborhoods in the entire state of Tennessee. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a “Leave It to Beaver” episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Bingham/Parry neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives, active retirees and urban sophisticates.

Your future neighbors in the Bingham/Parry neighborhood in Franklin enjoy upper-middle class incomes, and this neighborhood has a higher income than 82.6 percent of the neighborhoods in America. 

In the Bingham/Parry neighborhood, 57.7 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 22.1 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 12.6 percent, and 7.0 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 Bingham/Parry neighborhood of Franklin, Tennessee, residents most commonly identify their ethnicity or ancestry as English at 14.5 percent. There are also a number of people of German ancestry at 9.8 percent, and residents who report Irish roots at 9.2 percent, and some of the residents are also of Italian ancestry at 5.2 percent, along with some Scots-Irish ancestry residents at 3.7 percent, among others.

The most common language spoken in the Bingham/Parry neighborhood is English, spoken by 94.6% of households.

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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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