Germantown homes are located in Shelby County, Tennessee just on the eastern side of Memphis. Germantown TN real estate is also close to Bartlett, Collierville, Olive Branch, and Piperton. Despite its proximity to a major metropolitan area, Germantown has a low crime rate and is a particularly safe place to live. The average Germantown home is valued at 294k, well above the median house or condo value of Tennessee at 137k.
In the previous year, Germantown proved that it is still a growing city with a strengthening economy, as 232 of the Germantown homes for sale were sold. Germantown homes continue to be a draw for all demographics, as the city offers diverse religious, education, and housing options.
Since Germantown relies heavily on retail and commercial service sectors instead of industry, the city is kept impressively clean. Equestrian events are popular in the area, which is also home to a thriving performing arts community. There is a great appreciation for the humanities in Germantown, as over 98 percent of the population has a high school diploma or higher.
Germantown – Tennessee
Out of the six suburban municipalities neighboring Memphis, Germantown has the highest per capita income at 53k with a median household income at 122k. The city prides itself on its triple-A bond rating from Moody’s as well as Standard & Poors. Germantown, Tennessee is 1 out of 65 cities throughout the entire nation that can claim that ranking.
Similar to the economic growth of the city, Germantown real estate increases in value year after year. While the population growth since 2000 has hovered at approximately 4 percent, Germantown real estate properties have increased value by a staggering 37 percent. Furthermore, the cities homes for sale sell quicker than the other suburban districts of Memphis.
Remember, John Green & Company Realtors has been selling homes in Germantown and the greater Memphis area for over 30 years. With this level of experience, John Green & Company knows how to help you find the home you’re looking for or get the most out of your Germantown home for sale. John Green & Company Realtors looks forward to chatting with you soon!
Average List Price: $575,520
Average Days on Market: 167
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