The Home Buyer's Korner

Information presented should be used for educational purposes only.

January 17th, 2016

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Home Buyer’s Korner

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Franklin Pike/Morriswood Dr Neighborhood

Oak Hill, Tennessee

Glenn Leven Dr Oak Hill TN

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Franklin Pike/Morriswood Dr is a suburban neighborhood located in Oak Hill, Tennessee and north of its city center. The median real estate price Franklin Pike/Morriswood Dr median real estate price is $418,992, which is more expensive than 97.4 percent of the neighborhoods in Tennessee and 85.4 percent of the neighborhoods in the U.S.

The average rental price in Franklin Pike/Morriswood Dr is currently $1,469, and the average rental cost in this neighborhood is higher than 95.2 percent of the neighborhoods in Tennessee.

Real estate vacancies in Franklin Pike / Morriswood Dr are 4.7 percent, which is lower than one will find in 77.8 percent of American neighborhoods. Demand for real estate in Franklin Pike/Morriswood Dr is above average for the U.S., and signals some demand for either price increases or new construction of residential homes.

Franklin Pike / Morriswood Dr real estate is primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Franklin Pike/Morriswood Dr neighborhood are older, well-established, built between 1940 and 1969, with a number of residences built between 2000 and present day.

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.

A majority of the adult residents in the Franklin Pike/Morriswood Dr neighborhood are wealthy 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 98.4 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.

The rate of college educated adults in the Franklin Pike/Morriswood Dr neighborhood is a unique characteristic of the neighborhood, with 72.3 percent of adults here have received at least a 4-year bachelor’s degree, compared to the average neighborhood in America, which has 21.64 percent of the adults with a bachelor’s degree. The rate here is higher than found in 97.3 percent of all U.S. neighborhoods.

Your future neighbors in the Franklin Pike/Morriswood Dr neighborhood in Oak Hill are well-to-do, making it among the 15 percent highest income neighborhoods in America, and this neighborhood has a higher income than 91.6 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.

The Franklin Pike/Morriswood Dr neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 96.1 percent of the neighborhoods in America. In fact, 64.6 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 18.9 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 11.8 percent, and 4.8 percent in manufacturing and laborer occupations.

Each neighborhood in America has its own culture, some more unique than others, based on lifestyle, occupations, the types of households, and importantly, on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Franklin Pike/Morriswood Dr neighborhood in Oak Hill, Tennessee, residents most commonly identify their ethnicity or ancestry as English at 22.0 percent. There are also a number of people of German ancestry at 10.6 percent, and residents who report Irish roots at 10.4 percent. Some of the residents are also of Scots-Irish ancestry at 6.6 percent, along with some Asian ancestry residents at 4.9 percent, 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 Franklin Pike/Morriswood Dr neighborhood is English, spoken by 90.0 percent of households, while 4.1 percent of its residents primarily speak Japanese at home. Other important languages spoken here include Spanish.

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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

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