Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Germantown,
the City Center neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Germantown City Center neighborhood has more
British and Eastern European ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.9% of
this neighborhood's residents have British ancestry and 1.4% have Eastern European ancestry.
Germantown City Center is also pretty special linguistically. Significantly, 0.7% of its residents five years old and above primarily
speak Gujarati, which is native to the Indian state of Gujarat, at home. While this may seem like a small percentage, it is higher
than 95.3% of the neighborhoods in America.
Notable & Unique: Modes of Transportation
Our research reveals that 95.1% of commuters who live in the
Germantown City Center neighborhood get to work each day by driving
alone in their automobiles, which is a higher proportion than
98.1% of U.S. neighborhoods.
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 3.6% 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 94.2% 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 active retirees, this
neighborhood is also a very good choice for highly educated executives, urban sophisticates and families with school-aged children.
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 99.6% 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, with a real estate vacancy rate of only 0.6%, the Germantown City Center neighborhood has a lower vacancy rate than 96.1% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate 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.
Also of note, 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, 83.7% of the residential real estate here was built in this one time period.