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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

117 Heritage Pl Scott Depot, WV 25560

2 Beds 2 Baths 936 sqft Built 1985
Last updated:  Dec 26, 2019

INVESTimate

$134,379

$114K - $155K

Price Est.

$783

736 - 830

Rent Est.

$139,714  ( +3.97%)   1 YR EST. FORECAST
  
  
  

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117 Heritage Pl PROPERTY INFO

FACTS
  • Built In 1985
  • Price/Sqft : $143.57
CONSTRUCTION
  • Beds : 2
  • Floor Size : 936 sqft
  • Baths : 1 Full 1 Half

117 Heritage Pl SCHOOLS

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Financial Details

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Neighborhood

Teays Valley

  • 13,487

    POPULATION
  • 5,116

    HOUSEHOLDS
  • 79.0%

    WHITE COLLAR

Neighborhood : Teays Valley

HOUSEHOLDS
5,116
POPULATION

13,487

18.3%Renters
81.7%Home Owners
LABOR FORCE

 

79.0%White Collar
21.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $783 per month.

MY RENT : $783 MEDIAN RENT : $1,672

Rent % Distribution LEVEL
$500-699 0.2%
$700-899 6.6%
$900-999 4.4%
$1,000-1,499 26.5%
>=$1,500 62.2%
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 $783 would therefore be considered affordable for annual household incomes greater than $31,320 (12 months x 3.333 x $783).

Rent % Affordability
Above $500 89.9%
Above $700 82.8%
Above $1,100 70.6%
Above $1,500 55.4%
Above $1,900 45.4%
HOUSEHOLD INCOME RANGE

Approximately 9,757 of households in this neighborhood have a total annual income of $31,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $783 per month.

MINIMUM INCOME RANGE : $31,320

Income % Distribution
<$20K 10.1%
$20K-$35K 12.4%
$35K-$60K 22.1%
$60K-$100K 23.3%
>=$100K 32.1%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.2%
5-9 mins 11.0%
10-14 mins 9.6%
15-19 mins 12.8%
20-29 mins 30.1%
30-44 mins 21.4%
45-59 mins 6.3%
>60 mins 4.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $783 per month.

MY RENT : $783 MEDIAN RENT : $1,672

Rent % Distribution
$500-699 0.2%
$700-899 6.6%
$900-999 4.4%
$1,000-1,499 26.5%
>=$1,500 62.2%
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 $783 would therefore be considered affordable for annual household incomes greater than $31,320 (12 months x 3.333 x $783).

Rent % Affordability
Above $500 89.9%
Above $700 82.8%
Above $1,100 70.6%
Above $1,500 55.4%
Above $1,900 45.4%
HOUSEHOLD INCOME RANGE

Approximately 9,757 of households in this neighborhood have a total annual income of $31,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $783 per month.

MINIMUM INCOME RANGE : $31,320

Income % Distribution
<$20K 10.1%
$20K-$35K 12.4%
$35K-$60K 22.1%
$60K-$100K 23.3%
>=$100K 32.1%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.2%
5-9 mins 11.0%
10-14 mins 9.6%
15-19 mins 12.8%
20-29 mins 30.1%
30-44 mins 21.4%
45-59 mins 6.3%
>60 mins 4.7%

Teays Valley Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.1%
Educational Services 11.1%
Health Care & Social Assistance 19.0%
Manufacturing 7.6%
Retail & Wholesale Trader 16.1%
Transportation 7.0%
Other 28.1%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 31% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 20.5%
15-19 6.4%
20-24 4.5%
25-44 24.6%
45-65 25.3%
66+ 18.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.7%
Construction 6.7%
Healthcare 12.1%
Management, Business, & Financial 23.6%
Production & Transportation 7.3%
Sales & Office 24.8%
Other 15.8%
HIGHEST EDUCATION LEVEL

27% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.2%
High School 26.8%
Masters Degree 12.1%
Some College 19.1%
Some High School 5.9%
Other 25.9%

117 Heritage Pl Comps

Sorry, we do not have sufficient data available.

117 Heritage Pl, Scott Depot, WV 25560 is a single family home of 936 sqft. HomeUnion INVESTimateĀ® for 117 Heritage Pl includes a Price Estimate of $134,379 and a Rent Estimate of $783. This single family home has 2 bedrooms,2 bathrooms, and was built in 1985. This property has an estimated 15 year annualized Yield of 6.99% and Total Return of 15.65%. The estimated 1 year forecast in home value for 117 Heritage Pl is 3.97%.

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