The Home Buyer's Korner

Information presented should be used for educational purposes only.

September 19th, 2015

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CREATING THE DREAM OF HOME OWNERSHIP

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Rialto/Mount Carmel Neighborhood

Covington, Tennessee

mt carmel

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Rialto/Mount Carmel area median real estate price is $123,320, which is more expensive than 47.0 percent of the neighborhoods in Tennessee and 30.5 percent of the neighborhoods in the U.S.

The average rental price in Rialto/Mount Carmel is currently $365, and rents here are currently lower in price than 94.5 percent of Tennessee neighborhoods.

Vacancy rates are 8.1 percent in Rialto/Mount Carmel and this rate is lower than 57.2 percent of the neighborhoods in the nation, and near the middle range for vacancies.

Rialto/Mount Carmel is a rural neighborhood located in Covington, Tennessee, Tipton County, just north of Memphis and Shelby County, primarily made up of medium sized three or four bedroom to small studio to two bedroom single-family homes and manufactured homes. Most of the residential real estate is owner occupied. Many of the residences in the Rialto/Mount Carmel 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 Covington, the Rialto/Mount Carmel neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Your future neighbors in the Rialto/Mount Carmel neighborhood of Covington enjoy middle class incomes, and higher income than 59.4 percent of the neighborhoods in America.

In the Rialto/Mount Carmel neighborhood, 33.3 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 24.4 percent of the residents employed. Other residents here are employed in executive, management, and professional occupations at 20.1 percent, and 19.5 percent in clerical, assistant, and tech support occupations.

Culture is shared and learned behavior. 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 Rialto/Mount Carmel neighborhood of Covington, TN, residents most commonly identify their ethnicity or ancestry as Irish at 7.4 percent. There are also a number of people of German ancestry at 7.4 percent, and residents who report English roots at 6.5 percent. Some of the residents are also of French ancestry at 3.9 percent, along with some Mexican ancestry residents at 3.9 percent, among others.

The most common language spoken in the Rialto/Mount Carmel neighborhood is English, spoken by 93.3 percent of households and 6.3 percent of households speak Spanish.

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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54 Andrew St Morris Rd Rolling Hills Lake Dr HWY 54 E COLLEGE ST Bess Ln Evergreen St Edgewood Ave Sanford Ave Logan Dr GLADNEY RD Antioch Cotton Lake Rd McWilliams Rd Antioch Highway 51 Rd Liberty Ave COLLEGE ST N Mallard Cv Munford St Lincoln St Irene St Sanford Rd Highway 179 HWY 59 CHURCH RD McDow Ln HILL AVE Best St Teamer Rd Cardinal Dr Hwy 59 Garland Ave HWY 59 W Robin Cir GARLAND DETROIT RD Torrey Pines Cv Garland Dr Deena Cv Holly Grove Rd Sunset Ave Elm St Millstone Mountain Rd COTTON AVE COTTON BAY CV Indian Wells Dr Harvest Trail Ln Bucksnort Rd Hickman Rd Kellys Chapel Rd Katie Cv Burgess Ln MCFADDAN AVE Terry Lane North Rd TERRY LANE RD S Terry Lane South Rd McFadden Ave Terry Ln Steven Ave Tabernacle Rd Park Rd COTTON LAKE RD Vaughn Rd Killdeer Ln WILLIE PICKENS RD Warring Ave Highway 51 BRINGLE RD GLASS RD Eaton St Cotton Top Rd Ralph Rd Rosedale Ave 51 Hwy ANTIOCH HWY 51 RD HIGHWAY 54 HIGHWAY 59 LIBERTY AVE E Ripley Ave SHERROD AVE W WASHINGTON AVE W Charleston 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