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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

1313 Pinnacle Inn Rd Beech Mountain, NC 28604

2 Beds 2 Baths 825 sqft Built 1984
Last updated:  Jan 23, 2020

INVESTimate

$89,564

$84.9K - $94.2K

Price Est.

$809

707 - 911

Rent Est.

$91,212  ( +1.84%)   1 YR EST. FORECAST
  
  
  

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1313 Pinnacle Inn Rd PROPERTY INFO

FACTS
  • Built In 1984
  • Price/Sqft : $108.56
CONSTRUCTION
  • Beds : 2
  • Floor Size : 825 sqft
  • Baths : 2 Full

1313 Pinnacle Inn Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BANNER ELK ELEMENTARY SCHOOL Primary Regular 175 11 NA
CRANBERRY MIDDLE SCHOOL Middle Regular 196 15 NA

BANNER ELK ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 175
  • # of teachers: 11
-1
GreatSchools Rating

CRANBERRY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 196
  • # of teachers: 15
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

BANNER ELK

  • 7,021

    POPULATION
  • 2,997

    HOUSEHOLDS
  • 65.6%

    WHITE COLLAR

Neighborhood : BANNER ELK

HOUSEHOLDS
2,997
POPULATION

7,021

27.3%Renters
72.7%Home Owners
LABOR FORCE

 

65.6%White Collar
34.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $809 per month.

MY RENT : $809 MEDIAN RENT : $1,249

Rent % Distribution LEVEL
$500-699 3.5%
$700-899 10.4%
$900-999 6.8%
$1,000-1,499 45.6%
>=$1,500 33.7%
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 $809 would therefore be considered affordable for annual household incomes greater than $32,360 (12 months x 3.333 x $809).

Rent % Affordability
Above $500 83.0%
Above $700 74.8%
Above $1,100 56.6%
Above $1,500 42.8%
Above $1,900 31.9%
HOUSEHOLD INCOME RANGE

Approximately 6,373 of households in this neighborhood have a total annual income of $32,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $809 per month.

MINIMUM INCOME RANGE : $32,360

Income % Distribution
<$20K 17.0%
$20K-$35K 16.0%
$35K-$60K 24.2%
$60K-$100K 22.0%
>=$100K 20.9%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 34% 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 4.9%
5-9 mins 13.9%
10-14 mins 15.2%
15-19 mins 16.0%
20-29 mins 21.4%
30-44 mins 19.3%
45-59 mins 5.0%
>60 mins 4.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $809 per month.

MY RENT : $809 MEDIAN RENT : $1,249

Rent % Distribution
$500-699 3.5%
$700-899 10.4%
$900-999 6.8%
$1,000-1,499 45.6%
>=$1,500 33.7%
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 $809 would therefore be considered affordable for annual household incomes greater than $32,360 (12 months x 3.333 x $809).

Rent % Affordability
Above $500 83.0%
Above $700 74.8%
Above $1,100 56.6%
Above $1,500 42.8%
Above $1,900 31.9%
HOUSEHOLD INCOME RANGE

Approximately 6,373 of households in this neighborhood have a total annual income of $32,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $809 per month.

MINIMUM INCOME RANGE : $32,360

Income % Distribution
<$20K 17.0%
$20K-$35K 16.0%
$35K-$60K 24.2%
$60K-$100K 22.0%
>=$100K 20.9%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 34% 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 4.9%
5-9 mins 13.9%
10-14 mins 15.2%
15-19 mins 16.0%
20-29 mins 21.4%
30-44 mins 19.3%
45-59 mins 5.0%
>60 mins 4.4%

BANNER ELK Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 16.6%
Construction 11.2%
Educational Services 17.2%
Health Care & Social Assistance 11.1%
Professional & Scientific Tech Services 4.8%
Retail & Wholesale Trader 14.2%
Other 24.8%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 28% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 11.2%
15-19 7.7%
20-24 9.1%
25-44 22.6%
45-65 27.1%
66+ 22.2%
OCCUPATION

Occupation % Distribution
Construction 6.6%
Healthcare 12.0%
Management, Business, & Financial 20.8%
Natural Resources Maintenance 9.4%
Production & Transportation 10.3%
Sales & Office 19.8%
Other 21.2%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.1%
High School 18.4%
Masters Degree 10.2%
Some College 24.8%
Some High School 10.8%
Other 26.6%

1313 Pinnacle Inn Rd Comps

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1313 Pinnacle Inn Rd, Beech Mountain, NC 28604 is a single family home of 825 sqft. HomeUnion INVESTimateĀ® for 1313 Pinnacle Inn Rd includes a Price Estimate of $89,564 and a Rent Estimate of $809. This single family home has 2 bedrooms,2 bathrooms, and was built in 1984. This property has an estimated 15 year annualized Yield of 10.84% and Total Return of 20.85%. The estimated 1 year forecast in home value for 1313 Pinnacle Inn Rd is 1.84%.

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