If you think it might be time to sell your home, there’s a lot of research that goes into the process. Tennessee is a state that is attracting more and more people every year, particularly when it comes to the Middle Tennessee area around Nashville. Two of the most popular areas in Tennessee these days are Germantown and Spring Hill, both beautiful destinations that offer plenty to see and do. If it’s time to sell your home in Tennessee, you’ll want to understand some of the key differences between homes in Spring Hill and Germantown.
Average Price
Let’s start by discussing the average price. According to Zillow, the average home value of properties in Spring Hill is $338,611. This figure marks an 8.2% increase over home prices one year ago. On the other hand, homes in Germantown have an average value of $398,026, according to Zillow. This figure represents a 10.1% increase in home prices from last year’s figures.
To put these figures in perspective, the average home value for Tennessee as a whole is $212,236, according to Zillow. While both neighborhoods definitely exceed the average value, one main difference between homes in Spring Hill and Germantown, Tennessee is that homes in Spring Hill tend to be a bit more affordable.
People
To sell your house, it’s important to get a little information about the types of people that live in your neighborhood, and in turn, the types of people who might want to buy there! According to the U.S. Census Bureau, Germantown has an estimated population of around 40,000 people between 14,700 households. 98% of the local population has a high school diploma, while almost 66% of people in Germantown have a bachelor’s degree or higher.
When it comes to Spring Hill, the U.S. Census Bureau reports that the population is just over 43,700 people between 12,700 households. So, Spring Hill is slightly larger than Germantown with more people living in each household. In Spring Hill, 95.1% of residents have a high school diploma, while 46.8% have a bachelor’s degree or higher.
Location and Things to Do
Germantown is located in West Tennessee about 30 minutes from Memphis, perfect for those who want to be in the midst of delicious barbecue and lively music on Beale Street. If you’re looking to sell your home in Germantown, be sure to highlight local attractions within your listing, such as Shelby Farms Park and Oaklawn Garden.
Spring Hill, on the other hand, is located in Middle Tennessee about 30 minutes from Nashville, which is a great location for those who want or need to commute into the city for work. Those who live here can enjoy attractions like the Rippavilla Plantation or The Crossings of Spring Hill, or they can head into Nashville to check out the nightlife on Broadway and hear live country music from almost every eatery downtown.
We wish you luck on your journey to sell your home in Tennessee!
