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1300 W 7th Ave 114 PROPERTY INFO
FACTS
- Built In 1974
- Price/Sqft : $249.86
CONSTRUCTION
- Beds : 1
- Floor Size : 724 sqft
- Baths : 1 Full
1300 W 7th Ave 114 SCHOOLS
Financial Details
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South Anchorage
Neighborhood : South Anchorage
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,532 per month.
MY RENT : $1,532 MEDIAN RENT : $2,120
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 $1,532 would therefore be considered affordable for annual household incomes greater than $61,280 (12 months x 3.333 x $1,532).
HOUSEHOLD INCOME RANGE
Approximately 1,057 of households in this neighborhood have a total annual income of $61,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,532 per month.
MINIMUM INCOME RANGE : $61,280
COMMUTE TIME DISTRIBUTION
46% of the working population has a commute time of 15 to 44 minutes, 50% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.
South Anchorage Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 7.2% |
Educational Services | 8.1% |
Health Care & Social Assistance | 19.4% |
Professional & Scientific Tech Services | 14.2% |
Public Administration | 6.4% |
Retail & Wholesale Trader | 10.9% |
Other | 34.0% |
AGE DISTRIBUTION
62% of the population is between the ages of 25 and 64, 18% is 24 or younger and 21% is 65 or older.
Age | % Distribution |
---|---|
<15 | 7.6% |
15-19 | 2.6% |
20-24 | 7.5% |
25-44 | 29.4% |
45-65 | 32.2% |
66+ | 20.7% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 12.3% |
Healthcare | 11.1% |
Management, Business, & Financial | 28.7% |
Natural Resources Maintenance | 7.4% |
Production & Transportation | 6.1% |
Sales & Office | 16.9% |
Other | 17.5% |
HIGHEST EDUCATION LEVEL
30% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 5.1% |
High School | 12.6% |
Masters Degree | 13.0% |
Professional | 9.3% |
Some College | 22.4% |
Other | 37.6% |
1300 W 7th Ave 114 Comps
1300 W 7th Ave 114, Anchorage, AK 99501 is a single family home of 724 sqft. HomeUnion INVESTimate® for 1300 W 7th Ave 114 includes a Price Estimate of $180,896 and a Rent Estimate of $1,532. This single family home has 1 bedrooms,1 bathrooms, and was built in 1974. This property has an estimated 15 year annualized Yield of 10.16% and Total Return of 18.16%. The estimated 1 year forecast in home value for 1300 W 7th Ave 114 is 3.99%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AK, ANCHORAGE County, or the 99501 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2