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Real Estate Prices & Overview

Royal Oaks / Liberty Hills median real estate price is $760,564, which is more expensive than 94.1% of the neighborhoods in Tennessee and 82.1% of the neighborhoods in the U.S.

The average rental price in Royal Oaks / Liberty Hills is currently $3,048, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.5% of the neighborhoods in Tennessee.

Royal Oaks / Liberty Hills is a suburban neighborhood (based on population density) located in Franklin, Tennessee.

Royal Oaks / Liberty Hills real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Royal Oaks / Liberty Hills neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Home and apartment vacancy rates are 8.4% in Royal Oaks / Liberty Hills. NeighborhoodScout analysis shows that this rate is lower than 44.9% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

In a nation where 1 out of every 4 children lives in poverty, the Royal Oaks / Liberty Hills neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, if you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the Royal Oaks / Liberty Hills neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of wealthy executives, managers, and professionals. NeighborhoodScout's exclusive analysis places it as one of the top 11.9% executive lifestyle neighborhoods in the state of Tennessee.

Diversity

Did you know that the Royal Oaks / Liberty Hills neighborhood has more Yugoslav and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.4% of this neighborhood's residents have Yugoslav ancestry and 2.1% have British ancestry.

Royal Oaks / Liberty Hills is also pretty special linguistically. Significantly, 0.7% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 96.3% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Royal Oaks / Liberty Hills neighborhood in Franklin are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 77.2% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Royal Oaks / Liberty Hills neighborhood, 53.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 28.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.3%), and 6.1% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Royal Oaks / Liberty Hills neighborhood is English, spoken by 91.4% of households. Some people also speak Langs. of India (3.9%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Royal Oaks / Liberty Hills neighborhood in Franklin, TN, residents most commonly identify their ethnicity or ancestry as English (13.9%). There are also a number of people of German ancestry (13.2%), and residents who report Irish roots (9.8%), and some of the residents are also of Asian ancestry (4.2%), along with some Italian ancestry residents (3.9%), among others. In addition, 10.4% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Royal Oaks / Liberty Hills neighborhood spend under 15 minutes commuting one-way to work (49.8% of working residents), one of the shortest commutes across America.

Here most residents (64.9%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (6.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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