The Home Buyer's Korner

Information presented should be used for educational purposes only.

December 27th, 2015

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WILLIAMSON COUNTY, TENNESSEE AREA

Home Buyer’s Korner

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Crowne Brook Cir/Gillespie Dr Neighborhood

Franklin, Tennessee

Crowne Brook Cir Franklin TN

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Crowne Brook Cir/Gillespie Dr is a suburban neighborhood located in Franklin, Tennessee. The median real estate price in Crowne Brook Cir/Gillespie Dr neighborhood is $561,214, which is more expensive than 99.0 percent of the neighborhoods in Tennessee and 92.4 percent of the neighborhoods in the U.S.

The average rental price in Crowne Brook Cir/Gillespie Dr is currently $1,664, and the average rental cost in this neighborhood is higher than 97.5 percent of the neighborhoods in Tennessee.

In Crowne Brook Cir/Gillespie Dr, the current vacancy rate is 3.3 percent, which is a lower rate of vacancies than 86.2 percent of all neighborhoods in the U.S. This means that the housing supply in Crowne Brook Cir/Gillespie Dr is very tight compared to the demand.

Crowne Brook Cir/Gillespie Dr real estate is primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Crowne Brook Cir/Gillespie Dr neighborhood are established, but not old, having been built between 1970 and 1999, with a number of residences built between 2000 and the present.

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 Crowne Brook Cir/Gillespie Dr neighborhood are well-to-do 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 better for executive lifestyles than 97 percent of the neighborhoods in Tennessee. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for active retirees and college students.

Many of those attracted to the Crowne Brook Cir/Gillepie Dr neighborhood are teachers, professors, administrators or families with an interest in one of the schools for their children. Many home buyers coming into the area are affiliated with the many universities and centers of higher education and have children going to one of them. If you have a college bound child check out my blog post on Kiddie Condos and see if it’s something that’s right for you.

Also, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. Research revealed that a full 66.4 percent of the adults living in the Crowne Brook Cir/Gillespie Dr neighborhood have earned at least a bachelor’s degree. This is a higher rate than found in 95.3 percent of U.S. neighborhoods.

The Crowne Brook Cir / Gillespie Dr neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 96.0% of the neighborhoods in America. In fact, 64.3% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.

Your future neighbors in the Crowne Brook Cir/Gillespie Dr neighborhood of Franklin are well-to-do, making it among the 15% highest income neighborhoods in America and has a higher income than 94.7 percent of the neighborhoods in the U.S. 

In the Crowne Brook Cir/Gillespie Dr neighborhood, 64.3 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 10.3 percent, and 3.3 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 Crowne Brook Cir/Gillespie Dr neighborhood of Franklin, TN, residents most commonly identify their ethnicity or ancestry as Asian at 14.9 percent. There are also a number of people of German ancestry at 11.3 percent, and residents who report Irish roots at 10.5 percent. Some of the residents are also of English ancestry at 9.0 percent, along with some Italian ancestry residents at 4.6 percent, 2.2 percent have Cuban ancestry, and  2.0 percent have Iranian ancestry, among others. In addition, 17.1 percent of the residents of this neighborhood were born in another country.

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Crowne Brook Cir/Gillespie Dr neighborhood is English, spoken by 77.9 percent of households. Other important languages spoken here include Persian, which is spoken by 2.0 percent of residents, followed by other South Asian languages, Korean, Spanish and Hindi, which is the official language of India.

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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

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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

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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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