Real Estate Prices and Overview
Median real estate prices in the City Center of Germantown are $326,772, which is more expensive than 96.7% of the neighborhoods
in Tennessee and 81.0% of the
neighborhoods in the U.S.
Average rental prices in Germantown City Center are currently
$2,014, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.5%
of the neighborhoods in Tennessee.
Germantown City Center is a suburban neighborhood (based on population
density) located in Germantown, Tennessee.
Real estate in the City Center of Germantown, TN is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments.
Most of the residential real estate is owner occupied. Many of
the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Germantown City Center, the current vacancy rate is 1.8%,
which is a lower rate of vacancies than 92.6% of all neighborhoods
in the U.S. This means that the housing supply in Germantown City Center
is very tight compared to the demand for property here.
Notable & Unique Neighborhood Characteristics
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, according to
NeighborhoodScout's exclusive exploration and analysis.
Notable & Unique: Diversity
Did you know that the Germantown City Center neighborhood has more
British and Yugoslav ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 2.5% of
this neighborhood's residents have British ancestry and 0.4% have Yugoslav ancestry.
Germantown City Center is also pretty special linguistically. Significantly, 0.9% of its residents five years old and above primarily
speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher
than 96.1% of the neighborhoods in America.
Notable & Unique: People
If you come to know the people here, you will recognize that you're
in the company of one of the wealthiest communities in the nation. In
fact, a mere 3.3% of America's neighborhoods are wealthier than the
Germantown City Center neighborhood. Real estate here is exceedingly
well-maintained, and similarly, tends to maintain its value over time.
The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and
Lexus. If the public schools aren't up to snuff, the residents of this
neighborhood preferentially send their children to private preparatory
schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
In addition, the Germantown City Center neighborhood is considered a solid choice
for executive lifestyles. NeighborhoodScout's analysis ranks it as
better than 93.9% of Tennessee neighborhoods
for executive living, based on the wealthy, educated professionals,
executives, and managers who choose to reside here, the spacious homes
that are prominent features of the real estate in the neighborhood,
and the high real estate appreciation rates found here relative to
other neighborhoods in the state.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for urban sophisticates , families with school-aged children and active retirees.
Notable & Unique: Modes of Transportation
While most Americans do drive to work alone each day, the Germantown
City Center neighborhood stands out by having 93.9% of commuters
doing so, which is a higher proportion of people driving alone to work
than NeighborhoodScout found in 96.5% of all American
Notable & Unique: Real Estate
In addition, one way that the Germantown City Center neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.8% 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.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the Germantown City Center stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 86.4% of the residential real estate here was built in this one time period.
The Neighbors: Income
There are two complimentary measures for understanding the income of a
neighborhood's residents: the average and the extremes. While a neighborhood
may be relatively wealthy overall, it is equally important to understand
the rate of people - particularly children - who are living at or below the
federal poverty line, which is extremely low income. Some neighborhoods with
a lower average income may actually have a lower childhood poverty rate than
another with a higher average income, and this helps us understand the
conditions and character of a neighborhood.
The neighbors in the City Center neighborhood in Germantown are wealthy, making it among the 15% highest income neighborhoods in America.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 96.7% of the neighborhoods in America.
In addition, 3.7% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 79.6%
of America's neighborhoods.
The Neighbors: Occupations
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Germantown City Center neighborhood, 60.1%
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 22.7% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(9.0%), and 8.1% in clerical, assistant, and tech support occupations.
The Neighbors: Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities
and ancestries have different cultural traditions, and as a result, neighborhoods
with concentrations of residents of one or another ethnicities or ancestries
will express those cultures. It is what makes the North End in Boston so fun
to visit for the Italian restaurants, bakeries, culture, and charm, and similarly,
why people enjoy visiting Chinatown in San Francisco.
In the City Center neighborhood in Germantown, TN, residents
most commonly identify their ethnicity or ancestry as English
(12.2%). There are also a number of people of Irish ancestry (9.7%) , and residents who report German roots (8.9%) , and some of the residents are also of Asian ancestry (4.1%) , along with some Italian ancestry residents (4.1%), among others.
The Neighbors: Languages
The most common language spoken in the Germantown City Center
neighborhood is English, spoken by 90.6% of households. Some people also speak Spanish (3.1%).
Getting to Work
How you get to work – car, bus, train or other means – and how much of your
day it takes to do so is a large quality of life and financial issue. Especially
with gasoline prices rising and expected to continue doing so, the length and
means of one's commute can be a financial burden. Some neighborhoods are physically
located so that many residents have to drive in their own car, others are set
up so many walk to work, or can take a train, bus, or bike.
The greatest number of commuters in Germantown City Center neighborhood spend
between 15 and 30 minutes commuting one-way to work (42.6% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (93.9%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (5.1%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.