The Home Buyer's Korner

Information presented should be used for educational purposes only.

September 15th, 2015

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CREATING THE DREAM OF HOME OWNERSHIP

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White Station Neighborhood

Memphis, Tennessee

White Station

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White Station area median real estate price is $462,906, which is more expensive than 98.1 percent of the neighborhoods in Tennessee and 88.6 percent of the neighborhoods in the U.S.

The average rental price in White Station is currently $1,011, and the average rental cost in this neighborhood is higher than 89.2 percent of the neighborhoods in Tennessee.

Vacancy rates are 10.2 percent in White Station.and this rate is lower than 45.2 percent of the neighborhoods in the nation, approximately near the middle range for vacancies.

White Station is a suburban neighborhood based on population density located in Memphis, Tennessee, primarily made up of large four, five or more bedroom to medium sized three or four bedroom single-family homes, town homes and condominiums. Most of the residential real estate is owner occupied. Many of the residences in the White Station neighborhood are established, but not old, having been built between 1970 and 1999, with a number of residences were also built between 1940 and 1969.

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.

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

In addition, a majority of the adults in the White Station neighborhood are well-to-do and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you’re an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle “best choice” neighborhood in Tennessee, and better for executive lifestyles than 98.6 percent of the neighborhoods in Tennessee. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for active retirees and urban sophisticates.

One way that the White Station neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.0 percent of the neighborhoods in America. When you walk or drive around this neighborhood, you’ll instantly notice the size of the homes here which definitely makes a strong visual statement.

Your future neighbors in the White Station neighborhood in Memphis are well-to-do, making it among the 15 percent highest income neighborhoods in America and this neighborhood has a higher income than 92.7 percent of the neighborhoods in America.

The White Station neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 95.1 percent of the neighborhoods in America. In fact, 62.6 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.

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 28.9 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 6.0 percent, and 2.4 percent in manufacturing and laborer occupations.

Culture is the shared and learned behavior of peoples. 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 White Station neighborhood of Memphis, TN, residents most commonly identify their ethnicity or ancestry as English at 11.9 percent. There are also a number of people of Irish ancestry at 6.6 percent, and residents who report Polish roots at 6.4 percent. Some of the residents are also of German ancestry at 5.4 percent, along with some French ancestry residents at 3.1 percent, 2.0 percent of this neighborhood’s residents have British ancestry and 1.8 percent have Eastern European 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 White Station neighborhood is English, spoken by 91.0 percent of households. Other important languages spoken here include African languages at 2.1 percent of its residents and 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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