The Home Buyer's Korner

Information presented should be used for educational purposes only.

September 25th, 2015

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CREATING THE DREAM OF HOME OWNERSHIP

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Fayette Corner/Miller Neighborhood

Somerville, Tennessee

Somerville 38075

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Fayette Corners/Miller median real estate price is $161,640, which is more expensive than 69.2 percent of the neighborhoods in Tennessee and 44.9 percent of the neighborhoods in the U.S.

The average rental price in Fayette Corners/Miller is currently $798, and  the average rental cost in this neighborhood is higher than 74.8 percent of the neighborhoods in Tennessee.

Fayette Corners/Miller is a rural neighborhood located in Somerville, Tennessee, primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family homes and manufactured homes. Most of the residential real estate is owner occupied. Many of the residences in the Fayette Corners/Miller neighborhood are established, but not old, having been built between 1970 and 1999, with a number of residences built between 1940 and 1969.

Real estate vacancy rates are 9.8 percent in Fayette Corners/Miller and lower than 47.2 percent of the neighborhoods in the nation, and near the middle range of vacancies.

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.

It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. However,  the Fayette Corners / Miller neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 4.3 percent of the workforce so employed, this neighborhood has a greater concentration of such workers than 95.6 percent of U.S. neighborhoods.

This neighborhood has wide open spaces, few people, and lots of space to stretch out. If you like locations that fit that description, you may like this neighborhood. With only 21.01 people per square mile living here, this neighborhood is less crowded than 94.6 percent of America.

Your future neighbors in the Fayette Corners/Miller neighborhood in Somerville enjoy middle class incomes, and this neighborhood has a higher income than 57.2 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 Fayette Corners/Miller neighborhood, 27.9 percent of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 25.2 percent of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants at 23.9 percent, and 18.7 percent in clerical, assistant, and tech support occupations.

Culture is the shared and learned behavior of peoples. Undeniably, different ethnicity and ancestry have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicity or ancestry will express those cultures.

In the Fayette Corners/Miller neighborhood in Somerville, Tennessee, residents most commonly identify their ethnicity or ancestry as English at 9.0 percent. There are also a number of people of Irish ancestry at 8.0 percent, and residents who report German roots at 6.0 percent. Some of the residents are also of Scots-Irish ancestry at 3.4 percent, along with some Sub-Saharan African ancestry residents at 2.7 percent, among others.

The most common language spoken in the Fayette Corners/Miller neighborhood is English, spoken by 98.4 percent 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 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”.

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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 Memphis Fayette County 38068 FERTILE VALLEY RD Green Meadow Cv SYDNEY CIR Charleston St Glade Springs Dr Hwy 76 Hwy N HIAWATHA ST Wilder Rd Rich Rd Woodbridge Rd Churchill St REBA RD MARKET ST Airport Rd Perry Rd AZALEA CV Lynn St LAMBERT DR NORTH ST MOOSE LODGE RD Demeka Dr ENTERPRISE DR Bar James Way HWY 59 Rachel Cv BRITTAN RD Thompson Way Pittman Rd EAST ST BURNETT RD Marginal St Azalea Dr ENTERPRISE RD Gordon Dr Daisy Way MARKET ST W WARE DR Laurie Way Leanne Bailey Morrison Dr Ware Rd Ben Rd Travelers Rest UNION DR JACOBS CT Willow Birch Cv Lester Rd Stacey Way Feathers Chapel Dr MARGINAL ST E MARGINAL ST W Boyd St High St Westminister Rd SHINAULT RD Railroad Dr HIGHWAY 64 Highway 193 Cedar Hill Cv Highway 194 Highway 195 Market St June Dr Marsh Way MCKINNIE CRK Cami Cv FARINO WAY Bonnie Burton St Whispering Tao Cv Court Sq Holly Hill Rd SARDIS DR Rehoboth Rd Iris Rd FERN RD Hill Dr HWY 64 W Oak St Lynnwood St Hannah Cv LAZENBY DR Duscoe Rd GATELY RD Dee Rd Pattat Way OLD SOLOMON MILL RD Wildflower Dr Heaven Hill Dr JOANN DR Whispering River Cv SOMERVILLE ST Joann Rd Sharon Pl Maple St Spring St Creek Side Cv WEST ST NICHOLAS DR CREEK SIDE DR Alex Cv DINK RD Losch Way Highway 222 DOWDY RD HAVEN HEIGHTS DR Willow Crest Cv Willow Crest Dr Lazy J Dr Latta Ln Vine St MAIN ST Karcher Rd Lindsey Way Stafford Dr Lakeview Rd CREEK VIEW CV SPARKMAN DR Country Club Cv FOWLER DR Teague Store Rd MILLER RD North St East St OLD JERNIGAN RD Armory Rd Benefield Dr DANCY RD Armour Dr OAK MEADOW CV Vale Rd Central Dr South St Ball Park St HERRON DR Levy Dr Greenfield Way BOWERS WAY Alexander Dr Oak Meadows Cv Robertson Dr LATTA LN PARKS RD Vester Rd Dogwood Ln Ozier Dr High St Old L and N Way Sesame Way OLD FIFTY-NINE DR Fairmont St Hwy 76 Hwy Alex Cove Charles Cir Hedge Rose Blvd Meadow Glen Dr MURPHY RD Meadowland Ln ROLLING BROOK CV Rolling Brook Dr Catron Way MOUNT MORIAH DR Ebenezer Loop Kay Dr Kay Ln MISTY RIVER CV Karl Way TAPP DR Dogwood Rd Bartholomew Way North St Finnie Cv Finnie Dr BRAD MEADOW LN SOUTH ST Stroup Dr Warren Rd Stroupe Rd Mcnabb Rd Latta Ln DOGWOOD SPRING DR GRANT RD New Castle Rd Country Club Rd Mount Pisgah Rd SOMERVILLE ST W Lake Dr Fendall Dr CLEMATIS DR Wisdom St Valerie Cv Umbarger Dr Henry Dr JEFFERSON DR Hiawatha St CHESTER RD HIGHWAY 76 E OF JERNIGAN DR E MCNEILL RD N Paradise Way SOMERVILLE ST E Tucker Way Rose Rd HAFFORD CHAPEL WAY Beech Loop CONCORD DR 64 Highway Jernigan Leach Dr Taylor Dr GREEN DR Round Hill Cv South St FLIPPIN EXT Midland St Flippin St Day Rd US Highway 64 HWY 194 HWY 195 McNeill Rd Stuart Loop Terry Rd Court Sq Goldenrod Way Lagrange Rd Main St Neal Rd Tomlin Rd Perygin Dr Sundance Cv Feathers Chapel Buttercup Dr Sunset St TRAVELERS REST RD COLLINSON DR LOCKE RD Collinson Way Morris Dr JOHNSON DR Brianwood Ln Clark Rd Higgs Dr Woodbridge Brookline Cv Concord St Pearl Rolling Meadows Rd Marginal St Doll Way MT MORIAH DR Walls Rd Terry Rd Woodbridge Cv Evergreen Dr Meadow Ln WEST ST Rolling Oaks Dr Springer Rd EASTSIDE DR HERMAN WAY Sycamore St LONDONDERRY DR HIGHWAY 64 W WESTVIEW CV MT PISGAH RD Culver Way Market St Bishop Dr Holden Dr Gary Cv Gaither Way Deerfield Cv Pearl Dr MAIN ST HWY 222 East St Railroad Dr Laconia Rd NEWCASTLE DR ST N END OF MEADOWLAND LN SEABERRY WAY Stevens Dr FAYETTE CORNERS RD Sardis Rd WINFREY DR Fire Tower Rd DOGWOOD SPRING DR HIGHWAY 196 PEARL DR JONES ST Monk House Rd Lou Lew Way Jernigan Dr Asbury Dr Alvin Rd Wiles Way Elm Rd HWY 76 COX RD Smyrna Rd FERGE DR WITHERINGTON RD Rawlings Rd HWY 76 W Akin Rd Caldwell Dr ARMOUR ST OLD JACKSON RD Brewer Rd Rogers Dr SINAI DR W BLALOCK DR CHURCH ST Hebron Dr BLALOCK DR S HIGHWAY 76 TRIPP RD MOCKINGBIRD RD PORTER RD Highway 76 N Highway 76 S OLD FIFTYNINE DR WAGON WHEEL DR N Dancyville Eurekaton Rd MONROE RD Boothe Rd Hall Dr WILSON RD Coffee Gap Rd Yum Yum Rd JOYNER CAMPGROUND RD Dancyville Methodist C Rd REV HILL LN RT Fayette Corner Dr FAYETTE CORNER RD SEAY DR Wagon Wheel Dr HIGHWAY 59 HWY 64 Old Brownsville Rd Joyners Campground Dr BELMONT RD Old L and N Way Main St GARNETT RD 38075 NEWCASTLE DR MAIN ST OLD HWY 64 Sellars Ave Old Highway 64 Mount Moriah Dr OAK ST ROBINS HILL LN Pecan Dr Mount Moriah St BOTTOM RD Cross Ln SELLERS AVE Church Ave Green Way WOODS ST Somerville Rd U S WAY MAIN ST Thompson Bottom Rd WOODS AVE Lander Ln Norman St JACKSON ST Cross Ave TRAILER WAY HIGHWAY 64 Laverne Davis Rd Simmons St Webb St JOHNSTON AVE College St PALO AVE Oak Ave US Highway 64 Shelton Ave Allen Ave NEWSON RD Brewer St MECKLENGBURG DR N OF FARRIS RD WHIT VLE NEWCASTLE RD ELLIS AVE N WHITEVILLE LK Ermon Rd Jackson Ave Allen Avenue Ext City Rd Independence Dr BASS AVE DANCYVILLE-EUREKATON RD Us Way MARTIN LUTHER KING DR MAPLE ST Johnston St DRAKE AVE Cooper Cv MARTIN LUTHER KING DR SYCAMORE ST OAK AVE-PALO ST Minerva Ave MAIN ST W Harris St Apple Tree Cv Main St WHITEVILLE LAKE LN Whiteville Ln WHITEVILLE NEW CASTLE RD Highway 100 Whiteville Newcastle Rd MARTIN LUTHER KING JR DR APPLE CV UNION SPRINGS RD Ebony Way MURPHY LANE S HWY 100 WHITEVILLE-NEW CASTLE RD Murphy Ln Ferguson Rd WHT VLE NEWCASTLE RD APPLE VALLEY CV ALLEN WHITE SCHOOL RD Vine St Cross Ave Cross St Norment Ln Griffin St Morrison Ln Bishop Rd SCHOOL ST Sammons St Woodland Ave Wiley St 1900-WHTVLE / N CASTLE HWY 64 ALLEN AVE E US Highway 64 Jarret Ave MITCHELL AVE E Mount Moriah St MT MORIAH ROAD – GRIFFIN ST Oak Ave OAK ST  W WHT VLE NEW CASTLE RD WHT VLE NEWCASTLE RD-DINK WHT VLE-NEW CASTLE RD J T Hunt Ln MORRISON RD Bass St Whiteville Newcastle Rd INA RD Quarter Rd TRAINER DR Thomas Powell Rd MAY RD PARKER CEMETERY LN Old Jackson Rd Ray Hardister Rd Buddy Haase Ln BOYD ST Jim Hardister Rd Armour Ln FAYETTE CORNER DR Fayette Corner Rd Paul Stuart Rd HUGH CROWDER RD OLD JACKSON ROAD S Temple Way Morris Rd Walker Ln AVENT RD MT CARMEL RD MOUNT TABOR RD OLD JACKSON RD HWY 179 HWY 64 Highway 179 White Ln Chandler Ln Francis Dr HUGH CROWDER LN HUGH CROWDER RD MONROE AVE Walter Stuart Loop Newsom Rd MONROE RD Charlie Edmonds Rd SAMMONS RD MONROE ST N Mount Tabor Rd DVILLE EUREKATON RD MT PLEASANT RD Mount Carmel Rd PERRY RD Mount Pleasant Rd Carmel Rd Bruce Rd Hillville Loop GILLIAM RD Hillville Rd Hillville Vildo Rd Country Rd Robinson Ln DANCYVILLE EUREKATON RD Goodman Rd WALKER DR Eurekaton Rd Walker Rd Douglass Way Sonny Fletcher Rd Vildo Rd MT MORIAH DR

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