The Home Buyer's Korner

Information presented should be used for educational purposes only.

January 15th, 2016

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FOREST HILLS, TENNESSEE 

Home Buyer’s Korner

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Forst Hills TN

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Forest Hills is a very small city located in the state of Tennessee. With a population of 5,027 people and two constituent neighborhoods, Forest Hills is the 125th largest community in Tennessee.

Forest Hills home prices are not only among the most expensive in Tennessee, but Forest Hills real estate also consistently ranks among the most expensive in America.

Forest Hills is also a city of artists. Forest Hills has more artists, designers and people working in media than 90 percent of the communities in America. This concentration of artists here helps shape Forest Hills’s character. Also of interest is that Forest Hills has more people living here who work in computer science and industries requiring a higher skill in mathematics than 95 percent of the places in the US. Additionally, Forest Hills has a relatively large number of people who work from home at 9.58 percent. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These residents often are telecommuters who work in knowledge-based, white-collar professions. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because of many things, Forest Hills is a great place for families with children to consider. First of all, many other families with children live here, making Forest Hills a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Forest Hills has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Forest Hills’s overall crime rate is lower than average for the country.

As is often the case in a small city, Forest Hills doesn’t have a public transportation system that people use for their commute.

If knowledge is power, Forest Hills is a pretty powerful place, with 74.61 percent of the adults in Forest Hills having earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.64 percent of all cities and towns.

The per capita income in Forest Hills in 2010 was $90,794, which is wealthy relative to Tennessee and the nation. This equates to an annual income of $363,176 for a family of four.

The people who call Forest Hills home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Forest Hills residents reports their race to be White, followed by Asian. Important ancestries of people in Forest Hills include English, German, Scots-Irish, Irish, Scottish and European. The most common language spoken in Forest Hills is English. 

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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 a 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”.

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