Speedwell, located in Claiborne County, Tennessee, is a scenic and welcoming community nestled in the Appalachian foothills. Known for its picturesque landscapes, friendly atmosphere, and access to outdoor activities, Speedwell offers a small-town charm combined with modern amenities. This article explores some of the best residential areas in Speedwell, highlighting their features, housing options, and average prices.
Table of Contents
Downtown Speedwell
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The heart of Speedwell, this area features a variety of shops, restaurants, and community centers. It's ideal for those who enjoy being close to local businesses and community events.
Characteristics of the Downtown Speedwell
* Culture: Rich local history, annual festivals, and community events.
* Transportation: Walkable with access to local bus services.
* Services: Local grocery stores, cafes, and health services.
* Environment: Family-friendly and community-oriented.
Housing Options in the Downtown Speedwell
Single-family homes, Townhouses, Apartments
Average Home Prices in the Downtown Speedwell
* Buying: $150,000 – $250,000
* Renting: $1,000 – $1,500/month
Lake Norris Area
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Situated near Lake Norris, this area is perfect for those who appreciate recreational activities such as boating, fishing, and swimming. The scenic beauty and tranquility attract nature lovers.
Characteristics of the Lake Norris Area
* Culture: Outdoor lifestyle with recreational activities, strong community ties.
* Transportation: Car recommended; proximity to main roads.
* Services: Marinas, parks, and nearby campsites.
* Environment: Relaxed and nature-oriented.
Housing Options in the Lake Norris Area
Lakefront homes, Cabins, Single-family homes
Average Home Prices in the Lake Norris Area
* Buying: $200,000 – $350,000
* Renting: $1,200 – $1,800/month
Broadway Street Area
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Broadway Street is a vibrant area close to Speedwell’s main attractions. It features a mixture of residential and commercial properties, making it ideal for families and young professionals.
Characteristics of the Broadway Street Area
* Culture: Diverse population with local businesses and eateries.
* Transportation: Good connectivity to public transport and bicycle lanes.
* Services: Grocery stores, restaurants, and schools.
* Environment: Lively and energetic.
Housing Options in the Broadway Street Area
Duplexes, Single-family homes, Condominiums
Average Home Prices in the Broadway Street Area
* Buying: $180,000 – $300,000
* Renting: $900 – $1,400/month
Speedwell Mountain Area
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For those who enjoy a more mountainous setting, the Speedwell Mountain Area provides stunning views and a tranquil atmosphere. It's great for outdoor enthusiasts looking for a retreat.
Characteristics of the Speedwell Mountain Area
* Culture: Focus on outdoor activities; hiking and nature exploration.
* Transportation: Car essential; steep and winding roads.
* Services: Limited amenities, but nearby access to the main town for shopping.
* Environment: Peaceful and serene.
Housing Options in the Speedwell Mountain Area
Custom-built homes, Cabins, Private lots
Average Home Prices in the Speedwell Mountain Area
* Buying: $250,000 – $400,000
* Renting: $1,500 – $2,200/month
Lone Mountain Area
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This area is known for its spacious lots, privacy, and abundant wildlife. Ideal for those seeking to escape the hustle and bustle of city life while still being close to Speedwell.
Characteristics of the Lone Mountain Area
* Culture: Nature-centered community atmosphere.
* Transportation: Car recommended; rural roads.
* Services: Minimal local amenities; reliance on nearby Speedwell for services.
* Environment: Quiet and secluded.
Housing Options in the Lone Mountain Area
Large single-family homes, Ranch-style properties
Average Home Prices in the Lone Mountain Area
* Buying: $220,000 – $350,000
* Renting: $1,000 – $1,500/month
Speedwell Estates
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Speedwell Estates is a newly developed area perfect for families looking for modern living spaces and community facilities. It features updated amenities and infrastructure.
Characteristics of the Speedwell Estates
* Culture: Family-oriented neighborhood with parks and playgrounds.
* Transportation: Easy access to main roads; bus services available.
* Services: Schools, healthcare facilities, and essential shopping.
* Environment: Modern and family-friendly.
Housing Options in the Speedwell Estates
New constructions, Single-family homes, Townhouses
Average Home Prices in the Speedwell Estates
* Buying: $250,000 – $400,000
* Renting: $1,300 – $2,000/month
Frequently Asked Questions About the Best Residential Areas in Speedwell:
Some of the best residential areas in Speedwell include Downtown Speedwell, Lake Norris Area, Broadway Street Area, Speedwell Mountain Area, Lone Mountain Area, and Speedwell Estates.
Speedwell Estates and Downtown Speedwell are particularly family-friendly, with access to schools, parks, and community services.
Housing options in Speedwell include single-family homes, townhouses, cabins, and apartments, with various price ranges to accommodate different budgets.
Speedwell is known for its beautiful landscapes and proximity to Lake Norris, offering activities like boating, fishing, hiking, and nature trails.
Transportation options include local bus services and personal vehicles. The area is somewhat rural, making a car essential for getting around.
The average cost of living in Speedwell varies by area but generally ranges from $900 to $2,200 for rent, while home prices range from $150,000 to $400,000.
Yes, Speedwell has access to public schools and educational facilities, making it a great option for families with children.
Downtown Speedwell offers grocery stores, cafes, restaurants, health services, and community centers, providing residents easy access to essential services.
Lake Norris Area and Speedwell Mountain Area provide excellent access to recreational facilities, including boating and hiking trails.
The job market in Speedwell primarily consists of local businesses and services, tourism, and outdoor recreation industries due to its natural attractions.
Conclusion on the Best Residential Areas in Speedwell:
Speedwell, TN, is an ideal place to call home for families, retirees, and outdoor enthusiasts. Each of its residential areas has unique characteristics that cater to various lifestyles. Whether you prefer the lively community of Downtown Speedwell, the serene nature of the Lake Norris Area, or the modern conveniences of Speedwell Estates, you will find an environment that suits your needs. With reasonable housing prices and ample recreational opportunities, Speedwell offers a high quality of life in a picturesque setting.
About the Author
Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.