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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

114 E Blalock Rd Lucama, NC 27851

3 Beds 2 Baths 2,067 sqft Built 1950
Last updated:  Dec 26, 2019

INVESTimate

$133,633

$125K - $143K

Price Est.

$1,120

978 - $1.3K

Rent Est.

$136,225  ( +1.94%)   1 YR EST. FORECAST
  
  
  

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114 E Blalock Rd PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $64.65
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,067 sqft
  • Baths : 2 Full

114 E Blalock Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LUCAMA ELEMENTARY SCHOOL Primary Regular 405 24 8
SPRINGFIELD MIDDLE SCHOOL Middle Regular 475 26 5
HUNT HIGH SCHOOL High Regular 1,320 77 4

LUCAMA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 405
  • # of teachers: 24
8
GreatSchools Rating

SPRINGFIELD MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 475
  • # of teachers: 26
5
GreatSchools Rating

HUNT HIGH SCHOOL

  • Education Level: High
  • # of students: 1,320
  • # of teachers: 77
4
GreatSchools Rating
 

Financial Details

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Neighborhood

LUCAMA

  • 5,181

    POPULATION
  • 1,899

    HOUSEHOLDS
  • 50.6%

    WHITE COLLAR

Neighborhood : LUCAMA

HOUSEHOLDS
1,899
POPULATION

5,181

23.1%Renters
76.9%Home Owners
LABOR FORCE

 

50.6%White Collar
49.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 18% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,120 per month.

MY RENT : $1,120 MEDIAN RENT : $825

Rent % Distribution LEVEL
$500-699 12.2%
$700-899 50.8%
$900-999 13.7%
$1,000-1,499 22.3%
>=$1,500 1.0%
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 $1,120 would therefore be considered affordable for annual household incomes greater than $44,800 (12 months x 3.333 x $1,120).

Rent % Affordability
Above $500 85.2%
Above $700 72.9%
Above $1,100 50.5%
Above $1,500 36.1%
Above $1,900 26.2%
HOUSEHOLD INCOME RANGE

Approximately 814 of households in this neighborhood have a total annual income of $44,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,120 per month.

MINIMUM INCOME RANGE : $44,800

Income % Distribution
<$20K 14.8%
$20K-$35K 22.4%
$35K-$60K 26.6%
$60K-$100K 21.7%
>=$100K 14.4%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 8.7%
10-14 mins 16.5%
15-19 mins 23.2%
20-29 mins 27.1%
30-44 mins 13.6%
45-59 mins 5.7%
>60 mins 3.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 18% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,120 per month.

MY RENT : $1,120 MEDIAN RENT : $825

Rent % Distribution
$500-699 12.2%
$700-899 50.8%
$900-999 13.7%
$1,000-1,499 22.3%
>=$1,500 1.0%
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 $1,120 would therefore be considered affordable for annual household incomes greater than $44,800 (12 months x 3.333 x $1,120).

Rent % Affordability
Above $500 85.2%
Above $700 72.9%
Above $1,100 50.5%
Above $1,500 36.1%
Above $1,900 26.2%
HOUSEHOLD INCOME RANGE

Approximately 814 of households in this neighborhood have a total annual income of $44,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,120 per month.

MINIMUM INCOME RANGE : $44,800

Income % Distribution
<$20K 14.8%
$20K-$35K 22.4%
$35K-$60K 26.6%
$60K-$100K 21.7%
>=$100K 14.4%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 8.7%
10-14 mins 16.5%
15-19 mins 23.2%
20-29 mins 27.1%
30-44 mins 13.6%
45-59 mins 5.7%
>60 mins 3.5%

LUCAMA Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.9%
Construction 7.8%
Educational Services 6.2%
Health Care & Social Assistance 12.0%
Manufacturing 19.1%
Retail & Wholesale Trader 14.2%
Other 33.8%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 30% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 18.6%
15-19 6.2%
20-24 5.3%
25-44 24.6%
45-65 30.8%
66+ 14.4%
OCCUPATION

Occupation % Distribution
Construction 3.9%
Healthcare 5.3%
Management, Business, & Financial 12.1%
Natural Resources Maintenance 17.8%
Production & Transportation 19.2%
Sales & Office 22.3%
Other 19.4%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.4%
High School 39.9%
Masters Degree 1.7%
Some College 17.0%
Some High School 20.1%
Other 7.9%

114 E Blalock Rd Comps

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114 E Blalock Rd, Lucama, NC 27851 is a single family home of 2,067 sqft. HomeUnion INVESTimateĀ® for 114 E Blalock Rd includes a Price Estimate of $133,633 and a Rent Estimate of $1,120. This single family home has 3 bedrooms,2 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 10.06% and Total Return of 18.54%. The estimated 1 year forecast in home value for 114 E Blalock Rd is 1.94%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , WILSON County , or the 27851 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 27813
  2. 27893
  3. 27888
  4. 27803
  5. 27880