If you’re starting to sell your home in Tennessee, you know the process is a lengthy one. But it can be made a lot quicker if you know a bit about your area. Even within the same state, different neighborhoods appeal to different types of buyers. Targeting your home toward them can help you sell faster and for more money! If you’re wondering, “What is the difference between homes in Collierville and Columbia, Tennessee?” we’re here to answer!
Housing Market
First things first: how is the housing market in Tennessee in each city? When you need to sell your home, it’s important to have a baseline of how much you should ask for. For context, the average home value in Tennessee is $218,121, according to Zillow. In Collierville, the average home value is much higher at $411,662. In Columbia, though, the average home value is much closer to the state average at $251,938. Knowing these figures can both help you price your home right and give you realistic expectations of what you might earn.
Demographics
To sell your house, it’s important to know the kinds of people who are looking to move there. We can turn to the U.S. Census Bureau for demographic information to provide a bit more insight. The populations of the two cities aren’t too different, at around 51,000 in Collierville and around 40,000 in Columbia. The median household incomes, though, are quite far apart. As of 2019, the median household income in Collierville was around $114,000. In Columbia, though, it’s closer to $49,000.
You might also be interested to know the average education level in each town. Both cities have high graduation rates for high school. Of those 25 years old or more, 96% of those in Collierville have their diploma. In Columbia, it’s just under 90%. As far as bachelor’s degrees, though, it’s a bit different. In Collierville, 57% of the population holds a bachelor’s, and in Columbia, 18% do.
Things to Do Nearby
Of course, selling a house isn’t just about selling the house itself. It’s also important to sell the neighborhood and the things to do in the area. When you’re trying to sell your home in Collierville, be sure to mention that the town’s just 30 minutes away from Memphis. Within Collierville itself, residents can enjoy outdoor activities at Herb Parsons Lake, the Mike Rose Soccer Complex, and W.C. Johnson Park.
If you’re trying to sell your home in Columbia, let potential buyers know that they only have to drive 45 minutes to get to Nashville. Within the town itself, history buffs will love visiting the President James K. Polk Home and Museum. Other notable attractions in Columbia include Maury County Park, Historic Rippavilla, and Chickasaw Trace Park.
With just a little extra research about your area, you can find that your home selling journey is much easier and faster. Good luck on your next adventure!
