The Home Buyer's Korner

Information presented should be used for educational purposes only.

January 2nd, 2016

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WILLIAMSON COUNTY, TENNESSEE AREA

Home Buyer’s Korner

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Old Natchez Trace/Moran Rd Neighborhood

Franklin, Tennessee

Moran Rd Franklin TN

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Old Natchez Trace/Moran Rd is a suburban neighborhood located in Franklin, Tennessee. The median real estate price in Old Natchez Trace/Moran Rd median real estate price is $417,828, which is more expensive than 97.3 percent of the neighborhoods in Tennessee and 85.3 percent of the neighborhoods in the U.S.

The average rental price in Old Natchez Trace/Moran Rd is currently $1,756, and the average rental cost in this neighborhood is higher than 98.1 percent of the neighborhoods in Tennessee.

The Old Natchez Trace/Moran Rd real estate is primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family homes, condominiums, and town homes. Furthermore, one way that the Old Natchez Trace/Moran Rd neighborhood really stands out, is that it has larger four, five, or additional bedroom homes and real estate than 95.8 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.

Most of the residential real estate is owner occupied. In addition, owner-occupied real estate dominates the Old Natchez Trace/Moran Rd neighborhood. In fact, the percentage of residential real estate occupied by its owner is higher here than in 97.3 percent of neighborhoods in America.

Many of the residences in the Old Natchez Trace/Moran Rd neighborhood are established, but not old, having been built between 1970 and 1999, with a number of residences built between 2000 and the present.

In Old Natchez Trace/Moran Rd, the current vacancy rate is 2.4 percent, which is a lower rate of vacancies than 90.7 percent of all neighborhoods in the U.S. This means that the housing supply in Old Natchez Trace/Moran Rd is very tight compared to the demand.

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.

Old Natchez Trace/Moran Rd is among the best neighborhoods for families in Tennessee. In fact, this neighborhood is more family-friendly than 98.6 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. 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 Old Natchez Trace/Moran Rd neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for active retirees, urban sophisticates and highly educated executives.

Priests and therapists would like to think they know the secrets to a truly successful marriage. But, the folks of the Old Natchez Trace/Moran Rd neighborhood may actually hold the key, with 69.7 percent of its residents are married, which is a higher percentage than is found in 98.0 percent of the neighborhoods in America. 

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. The rootedness of people in the Old Natchez Trace/Moran Rd neighborhood. More residents of the Old Natchez Trace/Moran Rd neighborhood live here today that also were living in this same neighborhood five years ago than is found in 96.5 percent of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don’t move often, and have lived here in this very neighborhood for quite a while.

Your future neighbors in the Old Natchez Trace/Moran Rd neighborhood in Franklin are well-to-do, making it among the 15 percent highest income neighborhoods in America. This neighborhood has a higher income than 92.2 percent of the neighborhoods in America. 

In the Old Natchez Trace/Moran Rd neighborhood, 59.5 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 22.7 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at 11.2 percent, and 6.5 percent in clerical, assistant, and tech support 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 Old Natchez Trace/Moran Rd neighborhood of Franklin, Tennessee, residents most commonly identify their ethnicity or ancestry as Irish at 18.4 percent. There are also a number of people of English ancestry at 17.0 percent, and residents who report German roots at 12.7 percent. Some of the residents are also of Italian ancestry at 5.0 percent, along with some Scottish ancestry residents at 3.3 percent, among others.

The most common language spoken in the Old Natchez Trace/Moran Rd neighborhood is English, spoken by 96.6 percent of households, while 3.1 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

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FANNIE MAE HOMESTYLE

The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

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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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