The Home Buyer's Korner

Information presented should be used for educational purposes only.

January 14th, 2016

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Home Buyer’s Korner

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Lipscomb U/Granny White Pike Neighborhood

Green Hills, Tennessee

Brookmeade Dr Nashville TN

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Lipscomb U/Granny White Pike is a suburban neighborhood located in the Green Hills area of Nashville, Tennessee. The median real estate price in the Lipscomb U/Granny White Pike neighborhood is $436,203, which is more expensive than 97.7 percent of the neighborhoods in Tennessee and 86.6 percent of the neighborhoods in the U.S.

The average rental price in Lipscomb U/Granny White Pike is currently $1,285, and the average rental cost in this neighborhood is higher than 90.4 percent of the neighborhoods in Tennessee.

Lipscomb U/Granny White Pike real estate is primarily made up of medium sized three or four bedroom to small studios to two bedroom single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Lipscomb U/Granny White Pike neighborhood are older, well-established, built between 1940 and 1969, with a number of residences also built between 1970 and 1999.

With a real estate vacancy rate of only 0.0 percent, the Lipscomb U/Granny White Pike neighborhood has a lower vacancy rate than 100.0 percent of U.S. neighborhoods, a very elite group. Such a low vacancy rate indicates very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.

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.

An extraordinary 34.3 percent of the residents of the Lipscomb U/Granny White Pike neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away. 

One of the really interesting characteristics about the Lipscomb U/Granny White Pike neighborhood is that it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you’ll notice that the excitement here fluctuates with the college seasons. Despite the excitement, however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.0 percent of college-friendly places to live in the state of Tennessee. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.

In the Lipscomb U/Granny White Pike neighborhood, 18.4 percent of resident’s commutes mean walking from the bedroom to the home office. This may not seem like a large number, but this is a higher percentage of people working from home than 99.2 percent of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy and other times, people may be engaged in other businesses like trading stocks from home, or running a small home business.

Your future neighbors in the Lipscomb U/Granny White Pike neighborhood of Nashville are well-to-do, making it among the 15 percent highest income neighborhoods in America. This neighborhood has a higher income than 86.9 percent of the neighborhoods in America.

In the Lipscomb U/Granny White Pike neighborhood, 57.5 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 27.6 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 11.6 percent, and 3.3 percent in manufacturing and laborer occupations.

Culture is shared learning 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 Lipscomb U/Granny White Pike neighborhood of Nashville, Tennessee, residents most commonly identify their ethnicity or ancestry as German at 11.1 percent. There are also a number of people of Irish ancestry at 11.0 percent, and residents who report English roots at 8.3 percent, and some of the residents are also of Italian ancestry at 5.3 percent, along with some Scots-Irish ancestry residents at 5.2 percent, among others.

The most common language spoken in the Lipscomb U/Granny White Pike neighborhood is English, spoken by 95.2 percent of households.

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Here are just a few of the home improvements

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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

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