Memphis, Tenn. – Based on its overall quality of life and affordability, Business Insider has named Germantown as one of the top 50 suburbs in America. The business website chose Signal Mountain after examining crime rates, median household income, commute times, public school ratings, housing costs and overall cost of living amongst almost 300 suburbs with populations between 5,000 and 100,000 that were each within 25 miles of a nearby metropolitan area.
“Current residents of Germantown already know that it is a great place for families,” RE/MAX Realtor Aaron Edwards said. “Now, the word is getting out, which will prompt even more interest from potential residents who want to invest in the community.”
Germantown has maintained a strong real estate market for the last 24 months, demonstrated by:
- Median home price at sale: $235,625, compared to $183,000 for the year-to-date median home price for all sales across southeast Tennessee.
- Average number of homes sold per month: 33, compared to 4.3 so far this year per zip code across southeast Tennessee.