Located in the state of Tennessee, Germantown is a medium-sized city with a population of 39,213 residents. If we look at the most recent Census, Germantown is known to have a predominantly White population. The next two most common races are Asian and Black. If finding a family friendly city is important to you, look no further. With more than 89% of the population considered married and 62% with kids under the age of 18, Germantown could be considered a very suitable city for families.
Living in Germantown can be a great experience for anyone moving to the area. Having said that, in the state of Tennessee, there are many amazing places to live, so choose wisely! Finding the best places to live in Germantown and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, weather, housing and other important metrics.
Germantown has a livability score of 87 out of 100 and is ranked #3 in Tennessee and #174 in the USA. Compared to the United States average, Germantown ranks among some of the best places to live in the country! Germantown is also ranked in the top 10 percentile of all cities across the USA. If we examine each of the categories on their own, we see that Germantown ranks well for amenities (A+), crime (A+), weather (B-), education (A+) and employment (A). There are some categories that Germantown does not rank well for, including: cost of living (F). It might be worth taking a closer look to figure out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Germantown, there is no shortage of amazing local amenities and interesting things to do.
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and the overall sense of community. Germantown has a violent crime rate of 79 crimes per 100,000 residents which is far lower than the national average.
School test scores can be an important metric in deciding if the local area schools can provide a solid educational system for children. The schools in Germantown have a test score average of 72%, which is well above the US average.
Assuming that Germantown meets all of your requirements, the next most important item to examine is the affordability of real estate in Germantown. Everything else becomes a lot less important if it turns out that home prices in Germantown are simply unattainable. The median home price for Germantown homes is $296,300, which is 102.9% higher than the Tennessee average. If we take a closer look at the affordability of homes in Germantown, we’ll see that the home price to income ratio is 2.8, which is 9.7% lower than the Tennessee average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Germantown area were 6.1% and 5 year appreciation rates were 5.3%.
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