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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

12 Wallace Ln Mont Vernon, NH 03057

4 Beds 3 Baths 2,722 sqft Built 2004
Last updated:  Oct 23, 2019

INVESTimate

$332,539

$306K - $359K

Price Est.

$2,918

$2.7K - $3.2K

Rent Est.

$353,123  ( +6.19%)   1 YR EST. FORECAST
  
  
  

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12 Wallace Ln PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $122.17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,722 sqft
  • Baths : 2 Full 1 Half

12 Wallace Ln SCHOOLS

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Financial Details

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Neighborhood

MONT VERNON

  • 2,529

    POPULATION
  • 864

    HOUSEHOLDS
  • 73.5%

    WHITE COLLAR

Neighborhood : MONT VERNON

HOUSEHOLDS
864
POPULATION

2,529

6.4%Renters
93.6%Home Owners
LABOR FORCE

 

73.5%White Collar
26.5%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 $2,918 per month.

MY RENT : $2,918 MEDIAN RENT : $2,397

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 2.7%
>=$1,500 97.3%
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 $2,918 would therefore be considered affordable for annual household incomes greater than $116,720 (12 months x 3.333 x $2,918).

Rent % Affordability
Above $500 96.4%
Above $700 91.9%
Above $1,100 84.5%
Above $1,500 77.0%
Above $1,900 70.6%
HOUSEHOLD INCOME RANGE

Approximately 251 of households in this neighborhood have a total annual income of $116,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,918 per month.

MINIMUM INCOME RANGE : $116,720

Income % Distribution
<$20K 3.6%
$20K-$35K 8.7%
$35K-$60K 10.7%
$60K-$100K 22.4%
>=$100K 54.6%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 3.5%
10-14 mins 6.1%
15-19 mins 14.3%
20-29 mins 22.8%
30-44 mins 23.0%
45-59 mins 16.3%
>60 mins 13.9%
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 $2,918 per month.

MY RENT : $2,918 MEDIAN RENT : $2,397

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 2.7%
>=$1,500 97.3%
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 $2,918 would therefore be considered affordable for annual household incomes greater than $116,720 (12 months x 3.333 x $2,918).

Rent % Affordability
Above $500 96.4%
Above $700 91.9%
Above $1,100 84.5%
Above $1,500 77.0%
Above $1,900 70.6%
HOUSEHOLD INCOME RANGE

Approximately 251 of households in this neighborhood have a total annual income of $116,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,918 per month.

MINIMUM INCOME RANGE : $116,720

Income % Distribution
<$20K 3.6%
$20K-$35K 8.7%
$35K-$60K 10.7%
$60K-$100K 22.4%
>=$100K 54.6%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 3.5%
10-14 mins 6.1%
15-19 mins 14.3%
20-29 mins 22.8%
30-44 mins 23.0%
45-59 mins 16.3%
>60 mins 13.9%

MONT VERNON Demographics

INDUSTRY

Industry % Distribution
Educational Services 8.7%
Financial Industries 7.7%
Health Care & Social Assistance 11.3%
Manufacturing 14.0%
Professional & Scientific Tech Services 10.2%
Retail & Wholesale Trader 14.8%
Other 33.4%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 31% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 16.0%
15-19 9.7%
20-24 5.1%
25-44 18.2%
45-65 37.8%
66+ 13.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 20.6%
Healthcare 5.7%
Management, Business, & Financial 20.5%
Natural Resources Maintenance 6.9%
Production & Transportation 14.3%
Sales & Office 17.4%
Other 14.6%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.0%
High School 24.4%
Masters Degree 12.3%
Some College 18.4%
Some High School 3.6%
Other 34.2%

12 Wallace Ln Comps

Sorry, we do not have sufficient data available.

12 Wallace Ln, Mont Vernon, NH 03057 is a single family home of 2,722 sqft. HomeUnion INVESTimateĀ® for 12 Wallace Ln includes a Price Estimate of $332,539 and a Rent Estimate of $2,918. This single family home has 4 bedrooms,3 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 10.53% and Total Return of 25.21%. The estimated 1 year forecast in home value for 12 Wallace Ln is 6.19%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NH , HILLSBOROUGH County , or the 03057 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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