The Home Buyer's Korner

Information presented should be used for educational purposes only.

September 18th, 2015

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CREATING THE DREAM OF HOME OWNERSHIP

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Messick Rd/Mcvay Rd Neighborhood

Memphis, Tennessee

McVay Memphis

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Messick Rd/Mcvay Rd area median real estate price is $175,909, which is more expensive than 76.4 percent of the neighborhoods in Tennessee and 49.9 percent of the neighborhoods in the U.S.

The average rental price in Messick Rd/Mcvay Rd is currently $815, and the average rental cost in this neighborhood is higher than 76.5 percent of the neighborhoods in Tennessee.

Messick Rd/Mcvay Rd has a 11.6 percent vacancy rate, which is well above average compared to other U.S. neighborhoods and higher than 61.3 percent of American neighborhoods.

Messick Rd/Mcvay Rd is a suburban neighborhood located in Memphis, Tennessee, primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Messick Rd/Mcvay Rd neighborhood are established, but not old, having been built between 1970 and 1999, with a number of residences built between 1940 and 1969.

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.

Most neighborhoods are composed of a mixture of ages of homes, but the Messick Rd/Mcvay 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 are of the same architecture and similar in age. In fact, 87.4 percent of the residential real estate here was built in this one time period.

Your future neighbors in the Messick Rd/Mcvay Rd neighborhood of Memphis enjoy upper-middle class incomes, and this neighborhood has a higher income than 60.4 percent of the neighborhoods in America.

In the Messick Rd/Mcvay Rd neighborhood, 32.6 percent of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 30.9 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 18.3 percent, and 18.2 percent in clerical, assistant, and tech support occupations.

Each neighborhood has its own culture derived primarily from the ancestry and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture, some more unique than others, based on lifestyle, occupations, the types of households, and importantly on the ethnicity and ancestry of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Messick Rd/Mcvay Rd neighborhood of Memphis, Tennessee, residents most commonly identify their ethnicity or ancestry as Mexican at 9.0 percent. There are also a number of people of English ancestry at 6.5 percent, and residents who report Asian roots at 4.5 percent. Some of the residents are also of Irish ancestry at 3.1 percent, along with some German ancestry residents at 3.1 percent, and 0.9 percent of this neighborhood’s residents have Iranian ancestry, among others.

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Messick Rd/Mcvay Rd neighborhood is English, spoken by 91.7 percent of households. Other important languages spoken here include Spanish and Tagalog, the first language of the Philippine region, followed by 0.9 percent of its residents who primarily speak Persian at home.

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.

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