The Home Buyer's Korner

Information presented should be used for educational purposes only.

September 12th, 2015

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CREATING THE DREAM OF HOME OWNERSHIP

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Mason~Gallaway, Tennessee

Mason

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Mason and Gallaway are two very small towns located north of Arlington, Tennessee. With combined populations of 1,608 people, Mason is the 255th largest community in Tennessee.

The median real estate price here is $130,861, which is more expensive than 51.7 percent of the neighborhoods in Tennessee and 33.5 percent of the neighborhoods in the U.S.

The average rental price in the Mason and Gallaway neighborhood is currently $443 and lower in price than 80.7 percent of Tennessee neighborhoods.

Vacancy rates are 7.7 percent in the Mason and Gallaway neighborhood and this rate is lower than 59.4 percent of the neighborhoods in the nation, approximately near the middle range for vacancies.

Mason and Gallaway neighborhood is a rural neighborhood located in, Tennessee, primarily made up of medium sized three or four bedroom to small studios to two bedroom single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Mason and Gallaway 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 or whether shop signs are in multiple languages. This particular community has some outstanding things about the way it looks and its way of life that are worth highlighting.

These communities 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 31.14 people per square mile living here. This neighborhood is less crowded than 92.7 percent of America.

If you’re planning where to retire, Mason and Gallaway are great option to consider. It’s peaceful and quiet, has above average safety ratings compared to other neighborhoods in Tennessee, offers a wide range of housing options. This neighborhood ranks as better for retirement living than 85.6 percent of the neighborhoods in Tennessee. If you are considering retiring to Tennessee, this is a good neighborhood to look at.

In the Mason and Gallaway area, 32.3 percent of the working population is employed in manufacturing and laborer 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 31.5 percent of the residents employed. Other residents here are employed in executive, management, and professional occupations at 25.2 percent, and 10.6 percent in clerical, assistant, and tech support occupations.

Culture is shared and learned 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 ancestry 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 Mason and Gallaway of Tennessee, residents most commonly identify their ethnicity or ancestry as Irish at 8.1 percent. There are also a number of people of African ancestry at 5.4 percent, and residents who report Sub-Saharan African roots at 5.4 percent. Some of the residents are also of English ancestry at 4.9 percent, along with some Scots-Irish ancestry residents at 4.2 percent, among others.

The most common language spoken in the Mason and Gallaway areas is English, and spoken by 98.1 percent of households.

Livingston Homes for Sale

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

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