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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

1022 Fm 378 Lorenzo, TX 79343

0 Beds 0 Baths 1,912 sqft Built 1960
Last updated:  Jan 23, 2020

INVESTimate

$112,460

$102K - $123K

Price Est.

$1,105

967 - $1.2K

Rent Est.

$117,791  ( +4.74%)   1 YR EST. FORECAST
  
  
  

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1022 Fm 378 PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $58.82
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,912 sqft
  • Baths : 0 Full

1022 Fm 378 SCHOOLS

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Financial Details

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Neighborhood

LORENZO

  • 1,609

    POPULATION
  • 522

    HOUSEHOLDS
  • 56.2%

    WHITE COLLAR

Neighborhood : LORENZO

HOUSEHOLDS
522
POPULATION

1,609

36.7%Renters
63.3%Home Owners
LABOR FORCE

 

56.2%White Collar
43.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 35% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,105 per month.

MY RENT : $1,105 MEDIAN RENT : $973

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 28.6%
$900-999 28.0%
$1,000-1,499 40.5%
>=$1,500 3.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,105 would therefore be considered affordable for annual household incomes greater than $44,200 (12 months x 3.333 x $1,105).

Rent % Affordability
Above $500 78.1%
Above $700 68.4%
Above $1,100 51.1%
Above $1,500 39.3%
Above $1,900 27.5%
HOUSEHOLD INCOME RANGE

Approximately 235 of households in this neighborhood have a total annual income of $44,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,105 per month.

MINIMUM INCOME RANGE : $44,200

Income % Distribution
<$20K 21.9%
$20K-$35K 17.9%
$35K-$60K 20.8%
$60K-$100K 24.0%
>=$100K 15.3%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.0%
5-9 mins 14.7%
10-14 mins 11.7%
15-19 mins 13.3%
20-29 mins 22.3%
30-44 mins 20.5%
45-59 mins 10.0%
>60 mins 1.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 35% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,105 per month.

MY RENT : $1,105 MEDIAN RENT : $973

Rent % Distribution
$500-699 0.0%
$700-899 28.6%
$900-999 28.0%
$1,000-1,499 40.5%
>=$1,500 3.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,105 would therefore be considered affordable for annual household incomes greater than $44,200 (12 months x 3.333 x $1,105).

Rent % Affordability
Above $500 78.1%
Above $700 68.4%
Above $1,100 51.1%
Above $1,500 39.3%
Above $1,900 27.5%
HOUSEHOLD INCOME RANGE

Approximately 235 of households in this neighborhood have a total annual income of $44,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,105 per month.

MINIMUM INCOME RANGE : $44,200

Income % Distribution
<$20K 21.9%
$20K-$35K 17.9%
$35K-$60K 20.8%
$60K-$100K 24.0%
>=$100K 15.3%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.0%
5-9 mins 14.7%
10-14 mins 11.7%
15-19 mins 13.3%
20-29 mins 22.3%
30-44 mins 20.5%
45-59 mins 10.0%
>60 mins 1.6%

LORENZO Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 11.1%
Arts & Entertainment 6.2%
Construction 12.0%
Educational Services 10.7%
Health Care & Social Assistance 10.8%
Retail & Wholesale Trader 16.1%
Other 33.0%
AGE DISTRIBUTION

45% of the population is between the ages of 25 and 64, 40% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 25.5%
15-19 7.2%
20-24 7.8%
25-44 23.7%
45-65 21.3%
66+ 14.5%
OCCUPATION

Occupation % Distribution
Construction 4.8%
Healthcare 7.7%
Management, Business, & Financial 16.5%
Natural Resources Maintenance 24.2%
Production & Transportation 14.7%
Sales & Office 20.0%
Other 12.1%
HIGHEST EDUCATION LEVEL

9% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.3%
High School 35.0%
Masters Degree 2.3%
Some College 21.1%
Some High School 24.7%
Other 10.6%

1022 Fm 378 Comps

Sorry, we do not have sufficient data available.

1022 Fm 378, Lorenzo, TX 79343 is a single family home of 1,912 sqft. HomeUnion INVESTimateĀ® for 1022 Fm 378 includes a Price Estimate of $112,460 and a Rent Estimate of $1,105. This single family home has 0 bedrooms,0 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 11.79% and Total Return of 21.84%. The estimated 1 year forecast in home value for 1022 Fm 378 is 4.74%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , CROSBY County , or the 79343 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 79356
  2. 79357