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
Wealth makes most things in life easier, and a few things harder.
If you are wealthy and enjoy keeping up with the Jones', this neighborhood
will interest you. In fact, according to NeighborhoodScout's research,
the Germantown City Center neighborhood is wealthier than 96.4%
of the neighborhoods in the United States. Residents here are truly in
a unique situation even when compared to other Americans, based on the
sheer amount of wealth concentrated here. Even in times of economic
downturn, residents of this neighborhood, as a group, suffered less
and recovered more quickly. This is indeed a stand-out characteristic
of this neighborhood.
In addition, if you're nearing retirement age, or in retirement, the Germantown
City Center neighborhood is an excellent choice for you to consider
for top-quality retirement living. This neighborhood is rated by
NeighborhoodScout as among the top 5.8% of retiree-friendly
neighborhoods in Tennessee, combining peace and quiet, safety from
crime, and offering diverse housing options from which retirees can
choose. Maybe it's because of these amenities that a large proportion
of the residents here are college educated seniors, mixed with other
age groups. For these and other reasons, NeighborhoodScout identifies
this neighborhood as a top-notch place to consider if you are thinking
of or planning to retire in Tennessee.
In addition to being an excellent choice for active retirees, this
neighborhood is also a very good choice for highly educated executives, families with school-aged children and urban sophisticates.
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.