The Home Buyer's Korner

Information presented should be used for educational purposes only.

December 29th, 2015

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WILLIAMSON COUNTY, TENNESSEE AREA

Home Buyer’s Korner

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Franklin Oaks 1/Royal Oaks Blvd Neighborhood

Franklin, Tennessee

Royal Oaks 1 Franklin TN

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Franklin Oaks 1/Royal Oaks Blvd is a suburban neighborhood located in Franklin, Tennessee.The median real estate price in the Franklin Oaks 1/Royal Oaks Blvd neighborhood is $327,471, which is more expensive than 95.3 percent of the neighborhoods in Tennessee and 77.1 percent of the neighborhoods in the U.S.

The average rental price in Franklin Oaks 1/Royal Oaks Blvd is currently $1,376, and the average rental cost in this neighborhood is higher than 93.5 percent of the neighborhoods in Tennessee.

Vacancy rates are 9.4 percent in Franklin Oaks 1/Royal Oaks Blvd and this rate is lower than 49.3 percent of the neighborhoods in the nation; at near the middle range.

Franklin Oaks 1/Royal Oaks Blvd real estate is primarily made up of medium sized three or four bedroom, two small two bedroom single-family homes, townhomes, and condominiums . Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Franklin Oaks 1/Royal Oaks Blvd neighborhood are established, but not old, having been built between 1970 and 1999, with a number of residences built between 2000 to present day? Most neighborhoods are composed of a mixture of ages of homes, but the Franklin Oaks 1/Royal Oaks Blvd stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999. In fact, 84.6 percent of the residential real estate here was built in this one time period. 

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels.

Your future neighbors in the Franklin Oaks 1/Royal Oaks Blvd neighborhood of Franklin are upper-middle class income, and this neighborhood has a higher income than 84.5 percent of the neighborhoods in America. 

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Franklin Oaks 1/Royal Oaks Blvd neighborhood, 53.4 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 24.7 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 12.5 percent, and 9.4 percent in manufacturing and laborer occupations.

Culture is the shared learning behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or more ethnicities or ancestries will express those cultures.

In the Franklin Oaks 1/Royal Oaks Blvd neighborhood of Franklin, TN, residents most commonly identify their ethnicity or ancestry as German at 20.2 percent. There are also a number of people of Irish ancestry at 10.8 percent, and residents who report English roots at 9.2 percent. Some of the residents are also of Scottish ancestry at 4.2 percent, along with some Asian ancestry residents at 3.8 percent, among others.

The most common language spoken in the Franklin Oaks 1/Royal Oaks Blvd neighborhood is English, spoken by 94.8 percent of households, while 3.8 percent of residents speak South Asian languages, and 1.0 percent of its residents speak Urdu, which is the national language of Pakistan.

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HUD FORECLOSED HOMES IN & AROUND WILLIAMSON COUNTY TENNESSEE

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FNMA HOMEPATH FORECLOSED HOMES IN & AROUND WILLIAMSON CO TENNESSEE

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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.

To print this document click on “Open in New Window” located at the lower right corner;

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