The Home Buyer's Korner

Information presented should be used for educational purposes only.

September 14th, 2015

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CREATING THE DREAM OF HOME OWNERSHIP

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S Mclean Blvd/Central Ave Neighborhood

Memphis, Tennessee 

S McLane Ave

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S Mclean Blvd/Central Ave area median real estate price is $245,517, which is more expensive than 89.9 percent of the neighborhoods in Tennessee and 66.1 percent of the neighborhoods in the U.S.

The average rental price in S Mclean Blvd/Central Ave is currently $866 and the average rental cost in this neighborhood is higher than 81.0 percent of the neighborhoods in Tennessee.

S Mclean Blvd/Central Ave is an urban neighborhood located in Memphis, Tennessee, primarily made up of medium sized three or four bedroom) to small studio to two bedroom single-family homes and condominiums. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the S Mclean Blvd/Central Ave neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. While a number of residences were built between 1970 and 1999.

Real estate vacancies in S Mclean Blvd/Central Ave are 6.7 percent, which is lower than one will find in 65.6 percent of American neighborhoods. Demand for real estate in S Mclean Blvd/Central Ave is above average for the U.S., and signal demand for either price increases or new construction of residential homes.

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels.

The first thing that you’ll notice if you moved to this neighborhood is that an astounding 4.3 percent of the households are same sex couples and one indicator that this neighborhood is likely a gay-friendly neighborhood. So if you are looking for such a neighborhood, the S Mclean Blvd/Central Ave neighborhood should definitely be on your list of places to consider.

In addition, if you’re a regular supporter of the arts and enjoy outings to the theatre, or finely aged wine with dinner, then you’re in good company with the people of the S McLean Blvd/Central Ave neighborhood. This neighborhood is uniquely immersed with more “urban sophisticates” than 96.5 percent of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, then you’ll certainly feel right at home in the S McLean Blvd/Central Ave neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives.

The S Mclean Blvd/ Central Ave neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 97.4 percent of the neighborhoods in American. In fact, 67.6 percent of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.

If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 88.1 percent of the residential real estate in the S Mclean Blvd/Central Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.9 percent of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Your future neighbors in the S Mclean Blvd/Central Ave neighborhood in Memphis enjoy upper-middle incomes and this neighborhood has a higher income than 77.7 percent of the neighborhoods in America.

In the S Mclean Blvd/Central Ave neighborhood, 67.6 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 20.5 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 7.9 percent and 4.0 percent in manufacturing and laborer 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 ancestries 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 S Mclean Blvd/Central Ave neighborhood of Memphis, Tennessee, residents most commonly identify their ethnicity or ancestry as English at 18.5 percent. There are also a number of people of German ancestry at 8.4 percent, and residents who report Irish roots at 8.1 percent. Some of the residents are also of Italian ancestry at 7.9 percent, along with some Scottish ancestry residents at 4.8 percent, , and 1.0 percent of this neighborhood’s residents have Czechoslovakian ancestry, among others.

The most common language spoken in the S Mclean Blvd/Central Ave neighborhood is English, spoken by 94.6 percent of households and, 1.7 percent of its residents speak Arabic 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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