The Home Buyer's Korner

Information presented should be used for educational purposes only.

September 25th, 2015

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CREATING THE DREAM OF HOME OWNERSHIP

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Somerville Town Center Neighborhood

Somerville, Tennessee

somerville tn

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Median real estate price in the Town Center of Somerville is $188,750, which is more expensive than 80.8 percent of the neighborhoods in Tennessee and 53.6 percent of the neighborhoods in the U.S.

The average rental price in Somerville Town Center is currently $362, and rents here are currently lower in price than 94.8 percent of Tennessee neighborhoods.

Real estate vacancy rates are 11.3 percent in Somerville Town Center, and this rate is lower than 40.0 percent of the neighborhoods in the nation, near the middle range for vacancies.

Somerville Town Center is a suburban neighborhood located in Somerville, Tennessee, which lies in Fayette County, which is due east of Memphis and Shelby County.

Real estate in the Town Center of Somerville, TN is 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 occupied by a mixture of owners and renters. Many of the residences in the Town Center 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.

Your future neighbors in the Town Center neighborhood in Somerville enjoy middle class incomes, having  a higher income than 54.5 percent of the neighborhoods in America.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Somerville Town Center neighborhood, 39.1 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 25.0 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at 21.4 percent, and 14.5 percent in clerical, assistant, and tech support occupations.

Culture is a 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 Town Center neighborhood in Somerville, Tennessee, residents most commonly identify their ethnicity or ancestry as English at 11.5 percent. There are also a number of people of Irish ancestry at 6.8 percent, and residents who report German roots at 2.9 percent, while 1.1 percent of the residents are of Mexican ancestry.

The most common language spoken in the Somerville Town Center neighborhood is English, spoken by 99.1 percent of households.

VISIT OUR GREATER SOMERVILLE AREA

HOMES FOR SALE LISTINGS

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

FNMA HomeStyle FNMA My Community Mortgage FHA One-Time Close Construction Portfolio or VA home loan Homes for Sale REO Short Sales FNMA HomePath Properties HUD Homes USDA Homes Condominiums Co-Ops Townhomes Manufactured Homes Modular Homes Mobile Homes Log Homes Second Homes Investment Property 2-4 Family Custom Home Builders Custom Built Homes Luxury Homes General Contractors Home Improvement Experts Kitchen & Bathroom Renovations Real Estate Brokers & Agents Mortgage Lenders Federal Credit Unions Community Bankers Real Estate Listings Jumbo Investor Hard Money HARP HECM Equity Zero 3% 3.5% Portfolio Non-Warrantable Down Payment Assistance Memphis Fayette County 38060 Hathaway St Oakcrest Dr Choctaw Dr Redbud Dr Snowbell Cv WATSON RD Maple Run Dr SELLERS DR McCauley St Michelle Cv WOODMARK CV Pine Ridge Cv Clear Springs Dr Cameron Cv JANIS MARIE CV Creek Fall Dr Misty Birch Ln Willow Springs Dr Cameron Dr Cambium Cv SIMPSON DR Cozmo Ln Mcfadden Dr McFadden Rd IRWIN AVE Meadow Rd Cherokee Cir Pine Ridge Ln Bell Grove Rd Doral Loop Wilbourne Rd Oakridge Cv Normacarol Rd Cross Creek Dr Oakridge Dr Feathers Chapel Dr Cherokee Cv Spring Valley Dr HIGHWAY 64 Brooks Way HIGHWAY 193 HIGHWAY 194 HIGHWAY 194 Whispering Ridge Cv Whispering Ridge Dr Blackankle Dr Harbor Oaks Cv Country Forest Dr Country Pl Tate Dr Rain Rd Gracie Cv Bowers Rd Charlotte Dr Briarfield Cv Fair View Cv Odus Dr St Andrews Dr Breezy Loop BREEZY LOOP HWY 64 BREEZY LOOP BREEZY LOOP Riverwood Cv Lake Breeze Cv Chris Joe Rd HWY 64 S OF OAK ST Oaks Edge 128 Clay Hills Acadis Cir Evelyn Rd Bonnie Rd Sawgrass Cv Lot 4 Phase 1 Montague Hills Warren Road Forest Dr Whispering Creek Cv Oakshire Cv Ashley Cv Meadow Terrace Dr MEADOW TRAIL LN Caitlin Dr Caitlyn Geneva Cv Garden Springs Dr Mack Edwards Dr Misty Fields Cv Misty Fields Rd IVY DR Country Brook Dr Pruitt Rd Village Cv Misty Hill Cv Magnolia Garden Dr Magnolia Garden Ln Ridgefield Dr Northwood Cv Mosby Rd Hwy 194 Donald Ave Shady Pines Cv Kyle Rd Northwood Dr Sheraton Cv Bob White Rd Sunny Cv Village Dr Valley Oaks Cv Wilson Ln Bowers Rd Pinewood Dr Oaklake Cv Oaklake Dr Wells Way Oak Springs Cv GARDEN SPRINGS DR Clay Hill Dr Caitlyn Geneva Cv Pierce Rd Caitlin Dr PAYNE RD Windy Cv Spring Valley Dr Casey Jordan Rd Antler Industrial Park Clay Pond Dr Misty Meadows Cv Kylie Gayle Rd Misty Meadows Dr Northern Leaf Dr Antler Cv Marshall Way Sheraton Cv Country Side Dr Royal View Cv Countrybrook Dr Arborlon Cv Augusta Dr Garret Cv Hicks Rd Mulberry Cv Fawn Dr Center Oak Cv Center Oak Dr Fair View Cv Fairoaks Dr Barkridge Dr Fair View Ln Wirt Rd Goldstream Ln Kay Cv Clay St Garden View Dr Cambium Ln Emily Rd Fields Dr Loblolly Dr CLEAVES LOOP Shady Pines Cv Oakland Hills Dr Tall Forest Ln White Pine Pl Fairoaks Dr Hickory Grove Cv US Highway 64 Lewis Fairway Cir Cleer Ave Robin Cv Lakewood Cv Hickory Grove Loop Green Valley Dr Clay Hill Dr Oak Hollow Dr Blackhill Cv Blackhill Dr WARREN RD Warren Rd Emma Claire Rd Wicker Way Macon Cemetery Rd James Xing James Xing Brookhaven Dr DOGWOOD SPRINGS DR Sweet Leaf Ln SAINT ANDREWS DR LAKEWOOD DR W MCAULEY ST Michelle Cv Lakewood Dr Emma Rd Umble St Bonnie Dr MAIN ST Links View Dr Austin Cir Young Way Sugar Maple Cv McFadden Person Stagg Rd Laurel St PERSON RD Countrywood Ln Oakland Woods Cv FAWN RD Sadie Cv CHURCH ST Martha Cv Sugar Maple Trl Caleb Rd Austin Dr HWY 193 HWY 194 Green Willow Cv Green Willow Dr RUNNING BROOK LN Mebane Rd Abbey Rd Cypress Grove Cv MASON WAY HIGH ST Ridgefield Drive North Dr Whispering Creek Cove West Dr Tomlin St Whispering Pines Cv JOSEPH CT Oakleaf Cv Pine Meadows Ln Misty Meadows Canady Way Seawood Dr Pinehurst Dr Terry Hill Cv Deer Cv Murrell St Donna Lyn Dr Birch Springs Cv CROOKED CREEK CV Birch Springs Dr Crooked Creek Dr Ridge Rd Christopher Rd Bluffwood Cv Brookwood Cir Country Forrest Dr Southwind Dr Hillard Rd Penny Ln Hidden Garden Dr TERRY RD ARABELLA CIR WESTON DR Rolling Oaks Dr Mallory Dr Cypress Point Cv Clay Hills Dr Clay Hills Dr Green Hills Terry View Cv Susanne Dr Mewborn St WHISPERING CREEK CV Whispering Creek Dr Cypress Point Rd Winding Creek Cv McFadden Dr Winding Creek Dr Riverdale(ns) At Intersection of Wirt Greer Ln Strawberry Field Cv Mitchell Way Willow Springs Cv WILLOW SPRINGS LN Beau Tisdale Dr Whitley Way BURTON PLACE DR Cypress Ridge Cv Mossy Springs Cv Mossy Springs Dr Wilbourne WATSON DR LAUREL CV Oakcliff Dr Whispering Meadows Dr Canale Way Oak Hollow Dr Eagle Valley Dr Oakcourt Cv DOSS EAST CIR Doss St Riverdale Dr 38068 FERTILE VALLEY RD Green Meadow Cv SYDNEY CIR Charleston St Glade Springs Dr Hwy 76 Hwy N HIAWATHA ST Wilder Rd Rich Rd Woodbridge Rd Churchill St REBA RD MARKET ST Airport Rd Perry Rd AZALEA CV Lynn St LAMBERT DR NORTH ST MOOSE LODGE RD Demeka Dr ENTERPRISE DR Bar James Way HWY 59 Rachel Cv BRITTAN RD Thompson Way Pittman Rd EAST ST BURNETT RD Marginal St Azalea Dr ENTERPRISE RD Gordon Dr Daisy Way MARKET ST W WARE DR Laurie Way Leanne Bailey Morrison Dr Ware Rd Ben Rd Travelers Rest UNION DR JACOBS CT Willow Birch Cv Lester Rd Stacey Way Feathers Chapel Dr MARGINAL ST E MARGINAL ST W Boyd St High St Westminister Rd SHINAULT RD Railroad Dr HIGHWAY 64 Highway 193 Cedar Hill Cv Highway 194 Highway 195 Market St June Dr Marsh Way MCKINNIE CRK Cami Cv FARINO WAY Bonnie Burton St Whispering Tao Cv Court Sq Holly Hill Rd SARDIS DR Rehoboth Rd Iris Rd FERN RD Hill Dr HWY 64 W Oak St Lynnwood St Hannah Cv LAZENBY DR Duscoe Rd GATELY RD Dee Rd Pattat Way OLD SOLOMON MILL RD Wildflower Dr Heaven Hill Dr JOANN DR Whispering River Cv SOMERVILLE ST Joann Rd Sharon Pl Maple St Spring St Creek Side Cv WEST ST NICHOLAS DR CREEK SIDE DR Alex Cv DINK RD Losch Way Highway 222 DOWDY RD HAVEN HEIGHTS DR Willow Crest Cv Willow Crest Dr Lazy J Dr Latta Ln Vine St MAIN ST Karcher Rd Lindsey Way Stafford Dr Lakeview Rd CREEK VIEW CV SPARKMAN DR Country Club Cv FOWLER DR Teague Store Rd MILLER RD North St East St OLD JERNIGAN RD Armory Rd Benefield Dr DANCY RD Armour Dr OAK MEADOW CV Vale Rd Central Dr South St Ball Park St HERRON DR Levy Dr Greenfield Way BOWERS WAY Alexander Dr Oak Meadows Cv Robertson Dr LATTA LN PARKS RD Vester Rd Dogwood Ln Ozier Dr High St Old L and N Way Sesame Way OLD FIFTY-NINE DR Fairmont St Hwy 76 Hwy Alex Cove Charles Cir Hedge Rose Blvd Meadow Glen Dr MURPHY RD Meadowland Ln ROLLING BROOK CV Rolling Brook Dr Catron Way MOUNT MORIAH DR Ebenezer Loop Kay Dr Kay Ln MISTY RIVER CV Karl Way TAPP DR Dogwood Rd Bartholomew Way North St Finnie Cv Finnie Dr BRAD MEADOW LN SOUTH ST Stroup Dr Warren Rd Stroupe Rd Mcnabb Rd Latta Ln DOGWOOD SPRING DR GRANT RD New Castle Rd Country Club Rd Mount Pisgah Rd SOMERVILLE ST W Lake Dr Fendall Dr CLEMATIS DR Wisdom St Valerie Cv Umbarger Dr Henry Dr JEFFERSON DR Hiawatha St CHESTER RD HIGHWAY 76 E OF JERNIGAN DR E MCNEILL RD N Paradise Way SOMERVILLE ST E Tucker Way Rose Rd HAFFORD CHAPEL WAY Beech Loop CONCORD DR 64 Highway Jernigan Leach Dr Taylor Dr GREEN DR Round Hill Cv South St FLIPPIN EXT Midland St Flippin St Day Rd US Highway 64 HWY 194 HWY 195 McNeill Rd Stuart Loop Terry Rd Court Sq Goldenrod Way Lagrange Rd Main St Neal Rd Tomlin Rd Perygin Dr Sundance Cv Feathers Chapel Buttercup Dr Sunset St TRAVELERS REST RD COLLINSON DR LOCKE RD Collinson Way Morris Dr JOHNSON DR Brianwood Ln Clark Rd Higgs Dr Woodbridge Brookline Cv Concord St Pearl Rolling Meadows Rd Marginal St Doll Way MT MORIAH DR Walls Rd Terry Rd Woodbridge Cv Evergreen Dr Meadow Ln WEST ST Rolling Oaks Dr Springer Rd EASTSIDE DR HERMAN WAY Sycamore St LONDONDERRY DR HIGHWAY 64 W WESTVIEW CV MT PISGAH RD Culver Way Market St Bishop Dr Holden Dr Gary Cv Gaither Way Deerfield Cv Pearl Dr MAIN ST HWY 222 East St Railroad Dr Laconia Rd NEWCASTLE DR ST N END OF MEADOWLAND LN SEABERRY WAY Stevens Dr FAYETTE CORNERS RD Sardis Rd WINFREY DR Fire Tower Rd DOGWOOD SPRING DR HIGHWAY 196 PEARL DR JONES ST Monk House Rd Lou Lew Way Jernigan Dr Asbury Dr Alvin Rd Wiles Way Elm Rd HWY 76 COX RD Smyrna Rd FERGE DR WITHERINGTON RD Rawlings Rd HWY 76 W Akin Rd Caldwell Dr ARMOUR ST OLD JACKSON RD Brewer Rd Rogers Dr SINAI DR W BLALOCK DR CHURCH ST Hebron Dr BLALOCK DR S HIGHWAY 76 TRIPP RD MOCKINGBIRD RD PORTER RD Highway 76 N Highway 76 S OLD FIFTYNINE DR WAGON WHEEL DR N Dancyville Eurekaton Rd MONROE RD Boothe Rd Hall Dr WILSON RD Coffee Gap Rd Yum Yum Rd JOYNER CAMPGROUND RD Dancyville Methodist C Rd REV HILL LN RT Fayette Corner Dr FAYETTE CORNER RD SEAY DR Wagon Wheel Dr HIGHWAY 59 HWY 64 Old Brownsville Rd Joyners Campground Dr BELMONT RD Old L and N Way Main St GARNETT RD

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