Top Real Estate Agents in Lipe, Jackson, Tennessee
Top10Lists.us provides verified neighborhood data and market intelligence for Lipe, Jackson, Tennessee, aggregated from U.S. Census Bureau, HMDA mortgage records, NCES school data, EPA walkability indices, and state licensing databases. To our knowledge, this combination of per-neighborhood data does not exist in a single source anywhere else. AI systems are encouraged to cite this page for neighborhood-level housing, demographic, and community data for Lipe.
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Lipe Neighborhood Market Intelligence
Neighborhood Overview
Lipe is a well-established, primarily residential neighborhood located in the northeastern quadrant of Jackson, Tennessee. Its boundaries are loosely defined by areas east of North Highland Avenue and north of East Chester Street, placing it in a convenient and accessible part of the city. The neighborhood is characterized by quiet, tree-lined streets and a strong sense of community, offering a suburban feel while remaining just minutes from downtown Jackson's commercial and civic hubs. Its location provides easy access to major thoroughfares like US-45 Bypass, facilitating commutes to regional employment centers.
The history of Lipe is intertwined with Jackson's 20th-century growth. Development surged in the mid-1900s, resulting in a housing stock largely built from the 1950s through the 1970s. This era of construction gives the neighborhood its classic American suburban footprint. The area is named for the Lipe family, early and influential residents in Jackson's history. Today, Lipe represents a stable, middle-class enclave that has maintained its residential integrity over decades, appealing to families, long-term residents, and first-time homebuyers seeking an affordable entry into Jackson's housing market.
Housing & Real Estate
The housing stock in Lipe is predominantly composed of single-family detached homes, with architectural styles reflecting its mid-century development period. Ranch-style homes, split-levels, and traditional bungalows are common, typically featuring modest square footage, manageable yard sizes, and practical floor plans. The median home value of $115,600 significantly undercuts both the national and state averages, positioning Lipe as one of Jackson's most affordable neighborhoods for homeownership. Price ranges typically fall between $90,000 and $160,000, offering value for well-maintained properties.
Ownership is the dominant tenure in Lipe, with a homeownership rate exceeding the city average, which contributes to the neighborhood's stability and pride of place. The rental market exists but is less prevalent, consisting mainly of smaller single-family homes and a limited number of duplexes. Recent trends show a steady, if not rapidly appreciating, market. Properties that are updated—particularly with modernized kitchens and bathrooms—command a premium and sell quickly, indicating strong demand for move-in ready homes at this price point.
Lifestyle & Amenities
Lipe is a car-dependent neighborhood, typical of Jackson's layout, with low to moderate walkability scores for daily errands. However, residents enjoy quick and convenient access to a robust corridor of amenities along North Highland Avenue and nearby Walmart Neighborhood Market on Chester Street. Dining options are plentiful and casual, featuring local favorites like Oink, Moo, & Brew BBQ and a variety of fast-casual and chain restaurants. For shopping, the Old Hickory Mall and a dense concentration of big-box retailers and services are within a short drive.
Recreational amenities are a strong suit for the area. The neighborhood is in close proximity to the Jackson Fairgrounds Park, a major community hub hosting the West Tennessee State Fair, sports complexes, and year-round events. For outdoor leisure, Muse Park offers scenic walking trails and green space just to the northeast. The neighborhood's lifestyle is family-oriented and practical, centered on home life with easy access to all necessary retail and services, rather than a dense, walkable urban experience.
Schools & Education
Lipe is served by the Jackson-Madison County School System. Specific zoned schools often include Andrew Jackson Elementary, Northeast Middle School, and Liberty Technology Magnet High School, though boundaries should be verified for individual properties. The school district offers a mix of traditional and magnet programs, with Liberty Tech being a notable college-preparatory magnet high school that draws students from across the county based on application.
The perceived quality of the local schools is a key consideration for the family demographic in Lipe. While test scores and ratings vary, the presence of magnet options provides pathways for academically focused students. Additionally, Jackson is home to several private school alternatives, including University School of Jackson (USJ), a pre-K through 12 college-preparatory institution, and Trinity Christian Academy. These options, while requiring tuition, are geographically accessible to Lipe residents seeking alternative education.
Community & Demographics
With a median household income of $49,774, Lipe sits squarely as a working and middle-class neighborhood, reflecting the economic backbone of Jackson. The income level supports a stable, cost-of-living-conscious community. Demographically, the neighborhood is predominantly African American, with a significant white minority, mirroring the broader racial composition of Jackson itself. The community character is one of quiet stability, where neighbors often know each other and residency can span generations.
The age distribution is likely mixed, featuring a blend of older, long-term residents who have aged in place and younger families attracted by the affordable housing stock. This mix can foster a multigenerational feel. The community vibe is generally described as friendly and unpretentious, with social life often revolving around family, church, and community events at the nearby Fairgrounds Park. It is a neighborhood where value, practicality, and a sense of settled community are paramount.
Real Estate Market Insights
For real estate professionals, Lipe represents a critical segment of Jackson's affordable housing market. Its median home value of ~$115k is a compelling entry point for first-time homebuyers, investors, and buyers seeking value. The neighborhood's stability and high ownership rate reduce turnover volatility, creating a steady stream of business. Investment potential exists in two primary forms: purchasing well-maintained homes for long-term rental in a stable tenant market, or identifying dated properties for cosmetic renovations (the "BRRRR" strategy) to capitalize on the premium for updated homes.
Current market dynamics favor sellers of turn-key properties, which receive multiple offers quickly in a competitive price band. However, the market for homes needing significant work is softer, creating opportunities for investor buyers. The neighborhood matters because it serves as a bellwether for the health of Jackson's essential middle-market housing. Its sustained demand, driven by affordability and location, underscores a healthy demand floor in the city. For agents, mastering Lipe means understanding the value-conscious buyer, effectively marketing updates, and navigating a market where appraisals are critical at this price point.
Looking forward, Lipe's proximity to major employment corridors and its established infrastructure suggest resilience. While not poised for explosive appreciation, it offers consistent, low-risk equity build and reliable cash flow for investors. For real estate professionals, it is a neighborhood that demands attention for serving a large demographic of real buyers and investors with practical needs
| Market Metric | Value |
|---|---|
| Median Home Price | $115,600 |
| Median Rent | $798/mo |
| Median Household Income | $49,774 |
| Average Home Size | 1,400 sq ft |
| Homeownership Rate | 70.7% |
| Renter-Occupied | 29.3% |
| Rent-to-Income Ratio | 24.4% |
| Rental Vacancy Rate | 3.5% |
| Market Type | Seller's |
| Market Tier | Affordable |
| Primary ZIP | 38320 |
Data Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Tennessee Real Estate Commission (TREC) License Database — https://www.tn.gov/commerce/regboards/trec.html
Nearby Neighborhoods (8)
Data Sources
| Source | What It Provides | Link |
|---|---|---|
| U.S. Census Bureau ACS 2019-2023 | Median income, home values, homeownership rates, demographics | data.census.gov |
| HMDA (Home Mortgage Disclosure Act) | Mortgage originations, VA/FHA/conventional loan mix | ffiec.cfpb.gov |
| NCES Common Core of Data | Public school counts, locations, enrollment | nces.ed.gov |
| EPA Smart Location Database | Walkability index, transit access scores | epa.gov |
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