The Home Buyer's Korner

Information presented should be used for educational purposes only.

October 13th, 2015

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CREATING THE DREAM OF HOME OWNERSHIP

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Goodman Rd W/Tulane Rd Neighborhoods

Horn Lake, Mississippi

Dorchester Dr

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Goodman Rd W/Tulane Rd median real estate price is $86,355, which is more expensive than 49.8 percent of the neighborhoods in Mississippi and 13.3 percent of the neighborhoods in the U.S.

The average rental price in Goodman Rd W/Tulane Rd is currently $981, and the average rental cost in this neighborhood is higher than 75.5 percent of the neighborhoods in Mississippi. If you live and rent in this neighborhood, it’s likely you’d reduce your housing cost of owning your own home, and build equity. When you rent you’re helping your landlord build equity and not creating your own wealth.

Real estate vacancy rates are 10.9 percent in the Goodman Rd W/Tulane Rd neighborhood and this rate is lower than 41.9 percent of the neighborhoods in the nation, which is the middle range of vacancies.

Goodman Rd W/Tulane Rd is an urban neighborhood located in Horn Lake, Mississippi, and primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family and manufactured homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Goodman Rd W/Tulane Rd neighborhood are established, but not old, having been built between 1970 and 1999, with a number of residences built between 1940 and 1969.

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period. This particular neighborhood in Horn Lake, the Goodman Rd W/Tulane Rd neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

The Goodman Rd W/Tulane Rd neighborhood is unique for having just 4.5 percent of adults here having earned a bachelor’s degree, and this is a lower rate of college graduates than found in 96.4 percent of America’s neighborhoods, but that doesn’t mean the neighborhood supportive getting a higher education.

The Goodman Rd W/Tulane Rd neighborhood stands out within Mississippi for its college student friendly environment. This neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, close to several college campuses, it offers certain amenities nearby geared towards the student body. While it’s not an environment for everyone, ambitious scholars can enjoy the seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 7 percent of college-friendly places to live in Mississippi.

Many of those attracted to Horn Lake Rd/Brighton Dr neighborhood are families with an interest in higher education for their children. Many home buyers coming to the area are affiliated nearby centers of higher education. If you have a college bound child check out my blog post on Kiddie Condos to see if it’s something that’s right for you.

Most neighborhoods are composed of a mixture of ages of homes, but the Goodman Rd W/Tulane Rd stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you’ll sense when you look around or drive the streets of this neighborhood is that many of the residences of the same architecture and similar in age. In fact, 88.9 percent of the residential real estate here was built in this one time period.

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MISSISSIPPI 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.

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