The Home Buyer's Korner

Information presented should be used for educational purposes only.

January 15th, 2016

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NASHVILLE, TENNESSEE AREA

Home Buyer’s Korner

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Wedgewood/8th Ave S Neighborhood

Nashville, Tennessee

W Argyle Nashville TN

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Wedgewood Ave/8th Ave S is an urban neighborhood located due west of I-65 just immediately after exiting I-40 heading south to Birmingham in Nashville, Tennessee. The median real estate price in the Wedgewood Ave/8th Ave S neighborhood is $197,785, which is more expensive than 82.8 percent of the neighborhoods in Tennessee and 55.2 percent of the neighborhoods in the U.S.

The average rental price in Wedgewood Ave/8th Ave S area is currently $725, and rents here are currently lower in price than 67.6 percent of Tennessee neighborhoods.

Wedgewood Ave/8th Ave S real estate is primarily made up of small studios to two bedroom to medium sized three or four bedroom town homes, condominiums, and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Wedgewood/8th Ave S neighborhood are older, well-established, built between 1940 and 1969, with a number of residences built between 1970 and 1999.

Wedgewood Ave/8th Ave S has a 15.4 percent vacancy rate, which is well above average compared to other U.S. neighborhoods and higher than 75.0 percent of American neighborhoods. If you want to lean more about this neighborhood’s vacancy rate talk with your real estate agent to learn.

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.

The residents in the Wedgewood Ave/8th Ave S neighborhood of Nashville earn modest incomes, and this neighborhood has an income lower than 96.4 percent of U.S. neighborhoods.

In Wedgewood Ave/8th Ave S neighborhood, 42.4 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 34.7 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 16.4 percent, and 6.5 percent in manufacturing and laborer occupations.

Each neighborhood has its own culture derived primarily from the ancestries, and culture of the residents who call these neighborhoods home. Likewise, 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 Wedgewood Ave/8th Ave S neighborhood of Nashville, Tennessee, residents most commonly identify their ethnicity or ancestry as African at 13.6 percent, and residents who report Asian roots at 5.5 percent. Some of the residents are also of German ancestry at 4.4 percent, along with some English ancestry residents at 3.6 percent, among others.

The most common language spoken in the Wedgewood Ave/8th Avenue S neighborhood is English, spoken by 94.2 percent of households, 3.8 percent of the residents speak Vietnamese and 1.2 percent of its residents speak Mon-Khmer, which is the dominant language of Cambodia.

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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

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