The Home Buyer's Korner

Information presented should be used for educational purposes only.

September 16th, 2015

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CREATING THE DREAM OF HOME OWNERSHIP

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Rhodes College/N Pkwy Neighborhood

Memphis, Tennessee 

Rhodes

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Rhodes College/N Pkwy area median real estate price is $210,356, which is more expensive than 85.2 percent of the neighborhoods in Tennessee and 59.0 percent of the neighborhoods in the U.S.

The average rental price in Rhodes College/N Pkwy is currently $1,200, and the average rental cost in this neighborhood is higher than 95.2 percent of the neighborhoods in Tennessee.

Rhodes College/N Pkwy has a 13.7 percent vacancy rate, which is well above average compared to other U.S. neighborhoods and higher than 69.5 percent of American neighborhoods.

Rhodes College/N Pkwy is a suburban neighborhood located in Memphis, Tennessee, primarily made up of medium sized three or four bedroom to small studio to two 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 Rhodes College/N Pkwy neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier, 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.

In a nation where 1 out of every 4 children lives in poverty, the Rhodes College/N Pkwy neighborhood stands out as being ranked among the lowest 0.1 percent of the neighborhoods affected by this global issue.

One of the really interesting characteristics about the Rhodes College/N Pkwy neighborhood is that, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you’ll notice that the excitement here fluctuates with the college seasons. Despite the excitement, however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.7 percent of college-friendly places to live in the state of Tennessee. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for highly educated executives, urban sophisticates and young, single professionals.

Many of those attracted to the Rhodes College/N Pkwy neighborhood are teachers, professors, administrators or families with an interest in one of the colleges or universities. If you have a college bound child, check out our blog post on Kiddie Condos and see if it’s something that’s right for you.

An extraordinary 41.4 percent of the residents of the Rhodes College/N Pkwy neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Finally, with more than 2.3 percent of residents living with a same sex partner, Rhodes College/N Pkwy is truly a neighborhood that stands out from the rest in this regard. In fact, analysis reveals that this neighborhood has a greater concentration of same sex couples than 95.9 percent of U.S. neighborhoods.

More people in Rhodes College/N Pkwy choose to walk to work each day at 14.9 percent than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Do you watch ‘This Old House’ on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Rhodes College/N Pkwy neighborhood stands out on a national scale for the sheer concentration of historic residences it contains, with 72.0 percent of the residential real estate here built from 1939 or earlier and some much earlier. This is a greater concentration of historic homes than 98.2 percent of the neighborhoods in the United States.

Your future neighbors in the Rhodes College/N Pkwy neighborhood in Memphis enjoy upper-middle class incomes and this neighborhood has a higher income than 81.2 percent of the neighborhoods in America.

In the Rhodes College/N Pkwy neighborhood, 47.5 percent of the working population is employed in executive, management, and professional 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 29.4 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 15.8 percent, and 7.4 percent in manufacturing and laborer 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 Rhodes College/N Pkwy neighborhood in Memphis, Tennessee, residents most commonly identify their ethnicity or ancestry as German at 9.6 percent. There are also a number of people of English ancestry at 8.4 percent, and residents who report Irish roots at 7.8 percent. Some of the residents are also of Italian ancestry at 3.8 percent, along with some Scots-Irish ancestry residents at 3.3 percent, among others.

The most common language spoken in the Rhodes College/N Pkwy neighborhood is English, spoken by 94.9 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

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The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

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Up to $10K for Home Improvements, Renovations or a Simple Remodel

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A SIMPLE HOME SHOPPING INSPECTION TOOL

Organizing your home shopping experience affords a wise decision-making process.

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