The Home Buyer's Korner

Information presented should be used for educational purposes only.

September 13th, 2015

Guy looking up in color

THE EAST MEMPHIS, TENNESSEE AREA

The Home Buyer’s Korner

Real Estate G+

Mortgage Lender

General Contractor G+

CREATING THE DREAM OF HOME OWNERSHIP

Memphis

Get Pre-Approved for a Home Loan

Memphis is a very large city located in the southwest corner of Tennessee. With a population of 653,450 people and 181 constituent neighborhoods, Memphis is the largest city in Tennessee.

Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Memphis is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Memphis is a city of sales and office workers, service providers and professionals. There are especially a lot of people living in Memphis who work in office and administrative support at 15.37 percent, sales jobs at 10.60 percent and management occupations at 7.44 percent.

One thing noticeable about Memphis, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That’s because Memphis is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Memphis a great place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun. In fact, Memphis is one of the top larger cities in America for educated single professionals to flock.

East Memphis is a region of Memphis, Tennessee, that includes several defined and informal subdivisions/neighborhoods such as Colonial Acres, White Station-Yates, Sherwood Forest, Normal Station, High Point Terrace, Belle Meade, Normandy Meadows, St. Nick, Pleasant Acres, Balmoral, and Ridgeway. Traditionally, the Eastern border was anything inside the I-240 loop, however, many extend this to Germantown and Cordova city limits. The general boundaries are informal.

The primary zip codes in this area are 38111, 38117 & 38157. Also included are 38120 and 38119 In 1950, the eastern boundary of Memphis was essentially the western boundary of what is today East Memphis. By the mid-1960s most of East Memphis inside the I-240 loop had been annexed into the city of Memphis.

 

 

East Memphis is a commercial and residential powerhouse. Poplar Avenue provides the central east-west thoroughfare of the area, and there are many thriving businesses on and around it. East Memphis is the location of the some of the largest Memphis homes, specifically those in the Walnut Grove area. It is also home to the looming Clark Tower, as there are no legal restrictions on the height of buildings outside of the downtown area. The area also has developed into a home for many businesses and law firms. Walnut Grove Rd. has a high concentration of churches and schools. Poplar Plaza Shopping center at the corner of Poplar and Highland St. could be the beginning of the East Memphis commercial district. Highland St. is mostly commercial, with a collection of high-rise low-to-moderate residential buildings, as well as Crichton College. The University of Memphis sits south of Central Ave and north of Southern Ave, with the Highland strip bordering it on its western side. Further east on Poplar Ave, Laurelwood Shopping Center and Oak Court Mall, can be found. East Memphis covers areas outside of the I-240 Loop including the residential areas around Quince Road and Kirby Parkway, and River Oaks subdivision. A commercial center has developed around the intersection of Poplar and Ridgeway Road, which includes the Hilton Memphis, the largest hotel in the city. The eastern border of the neighborhood is the Germantown city limits at Kirby Parkway.

Memphis is one of the most car-oriented large cities in America. A full 80.97 percent of people drive their car alone to work each day. If you like to drive, you’ll love it and you better! Walking to work simply isn’t a viable option for most people who live in Memphis. Highways, wide streets, parking lots, and shopping centers are part of the common Memphis landscape.

The education level of Memphis citizens is a little higher than the average for US cities and towns with 23.69 percent of adults in Memphis having at least a bachelor’s degree.

The per capita income in Memphis in 2010 was $21,454, which is upper considered middle-class income relative to Tennessee and middle income relative to the rest of the US. This equates to an annual income of $85,816 for a family of four.

Memphis is an extremely ethnically-diverse city. The people who call Memphis home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Memphis residents reports their race to be Black or African-American, followed by White. Important ancestries of people in Memphis include Irish, English and German.

The most common language spoken in Memphis is English and some people also speaking Spanish.

WE GET YOUR LISTINGS HIGHLY RANKED ON A GOOGLE SEARCH

LET US BACK LINK TO YOUR LISTING WEBSITE

Livingston Homes for Sale

FIND HOMES THROUGHOUT MEMPHIS TENNESSEE

HUD FORECLOSED HOMES IN & AROUND THE GREATER MEMPHIS TENNESSEE

USDA FORECLOSED HOMES IN & AROUND THE GREATER MEMPHIS TENNESSEE

FNMA HOMEPATH FORECLOSED HOMES IN & AROUND MEMPHIS TENNESSEE

FIND MORE FORECLOSURES IN & AROUND MEMPHIS TENNESSEE

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 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;

click on “File”; then click on “Print”. In the center of the screen you will

have the option to “Create A Printable PDF of the Presentation”.

START YOUR PATH TO HOME OWNERSHIP TODAY

FNMA HomeStyle FNMA My Community Mortgage FHA One-Time Close Construction Portfolio or VA home loan Homes for Sale REO Short Sales FNMA HomePath Properties HUD Homes USDA Homes Condominiums Co-Ops Townhomes Manufactured Homes Modular Homes Mobile Homes Log Homes Second Homes Investment Property 2-4 Family Custom Home Builders Custom Built Homes Luxury Homes General Contractors Home Improvement Experts Kitchen & Bathroom Renovations Real Estate Brokers & Agents Mortgage Lenders Federal Credit Unions Community Bankers Real Estate Listings Jumbo Investor Hard Money HARP HECM Equity Zero 3% 3.5% Portfolio Non-Warrantable Down Payment Assistance  Hazard and Flood Insurance

Join us at Real Estate Social

Comments are closed.