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Real Estate Prices & Overview

Collierville Northwest median real estate price is $398,121, which is more expensive than 74.0% of the neighborhoods in Tennessee and 57.9% of the neighborhoods in the U.S.

The average rental price in Collierville Northwest is currently $2,612, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 87.4% of the neighborhoods in Tennessee.

Collierville Northwest is a suburban neighborhood (based on population density) located in Collierville, Tennessee.

Collierville Northwest real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Collierville Northwest neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Collierville Northwest. The current real estate vacancy rate here is 19.4%. This is higher than the rate of vacancies in 86.0% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

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 Collierville, the Collierville Northwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 37.0% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 95.9% of U.S. neighborhoods, where the average American neighborhood has 13.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.

Real Estate

Homes built from 2000 through today make up a higher proportion of the Collierville Northwest neighborhood's real estate landscape than 95.7% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 69.6% of the residential real estate here is classified as newer.

Diversity

Did you know that the Collierville Northwest neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 48.4% of this neighborhood's residents have Asian ancestry.

Collierville Northwest is also pretty special linguistically. Significantly, 1.2% 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 97.8% of the neighborhoods in America.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Collierville Northwest neighborhood has a greater percentage of residents born in another country (42.6%) than are found in 95.2% of all U.S. neighborhoods.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Collierville Northwest neighborhood in Collierville are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 69.5% of the neighborhoods in America. In addition, 8.2% 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 55.4% of America's neighborhoods.

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.

In the Collierville Northwest neighborhood, 57.8% 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 34.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (7.1%), and 4.0% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Collierville Northwest neighborhood is English, spoken by 56.7% of households. Some people also speak Langs. of India (4.7%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Collierville Northwest neighborhood in Collierville, TN, residents most commonly identify their ethnicity or ancestry as Asian (48.4%). There are also a number of people of English ancestry (9.3%), and residents who report Irish roots (9.2%), and some of the residents are also of German ancestry (4.9%), along with some Scottish ancestry residents (4.1%), among others. In addition, 42.6% of the residents of this neighborhood were born in another country.

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 Collierville Northwest neighborhood spend between 15 and 30 minutes commuting one-way to work (35.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (73.8%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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