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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

1341 N Granite Ave Fayetteville, AR 72704

0 Beds 2 Baths 1,321 sqft Built 1992
Last updated:  Jul 30, 2018

INVESTimate

$147,306

$139K - $155K

Price Est.

$1,082

$1.0K - $1.1K

Rent Est.

$155,776  ( +5.75%)   1 YR EST. FORECAST
  
  
  

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1341 N Granite Ave PROPERTY INFO

FACTS
  • Built In 1992
  • Price/Sqft : $111.51
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,321 sqft
  • Baths : 2 Full

1341 N Granite Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
OWL CREEK SCHOOL Primary Regular 705 52 5
RAMAY JUNIOR HIGH SCHOOL Middle Regular 618 51 7
RAMAY JUNIOR HIGH SCHOOL High Regular 618 51 7

OWL CREEK SCHOOL

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 52
5
GreatSchools Rating

RAMAY JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 618
  • # of teachers: 51
7
GreatSchools Rating

RAMAY JUNIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 618
  • # of teachers: 51
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Bridgeport

  • 6,418

    POPULATION
  • 2,645

    HOUSEHOLDS
  • 83.2%

    WHITE COLLAR

Neighborhood : Bridgeport

HOUSEHOLDS
2,645
POPULATION

6,418

59.8%Renters
40.2%Home Owners
LABOR FORCE

 

83.2%White Collar
16.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,082 per month.

MY RENT : $1,082 MEDIAN RENT : $1,268

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.4%
$900-999 11.2%
$1,000-1,499 63.8%
>=$1,500 24.6%
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 $1,082 would therefore be considered affordable for annual household incomes greater than $43,280 (12 months x 3.333 x $1,082).

Rent % Affordability
Above $500 76.8%
Above $700 72.0%
Above $1,100 60.0%
Above $1,500 44.3%
Above $1,900 30.8%
HOUSEHOLD INCOME RANGE

Approximately 1,339 of households in this neighborhood have a total annual income of $43,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,082 per month.

MINIMUM INCOME RANGE : $43,280

Income % Distribution
<$20K 23.2%
$20K-$35K 9.7%
$35K-$60K 22.8%
$60K-$100K 27.7%
>=$100K 16.6%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 30% 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 2.6%
5-9 mins 6.3%
10-14 mins 20.6%
15-19 mins 23.5%
20-29 mins 16.2%
30-44 mins 21.9%
45-59 mins 6.6%
>60 mins 2.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,082 per month.

MY RENT : $1,082 MEDIAN RENT : $1,268

Rent % Distribution
$500-699 0.0%
$700-899 0.4%
$900-999 11.2%
$1,000-1,499 63.8%
>=$1,500 24.6%
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 $1,082 would therefore be considered affordable for annual household incomes greater than $43,280 (12 months x 3.333 x $1,082).

Rent % Affordability
Above $500 76.8%
Above $700 72.0%
Above $1,100 60.0%
Above $1,500 44.3%
Above $1,900 30.8%
HOUSEHOLD INCOME RANGE

Approximately 1,339 of households in this neighborhood have a total annual income of $43,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,082 per month.

MINIMUM INCOME RANGE : $43,280

Income % Distribution
<$20K 23.2%
$20K-$35K 9.7%
$35K-$60K 22.8%
$60K-$100K 27.7%
>=$100K 16.6%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 30% 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 2.6%
5-9 mins 6.3%
10-14 mins 20.6%
15-19 mins 23.5%
20-29 mins 16.2%
30-44 mins 21.9%
45-59 mins 6.6%
>60 mins 2.4%

Bridgeport Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.0%
Educational Services 18.0%
Health Care & Social Assistance 19.4%
Professional & Scientific Tech Services 10.9%
Retail & Wholesale Trader 13.9%
Transportation 5.2%
Other 25.6%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 47% is 24 or younger and 5% is 65 or older.

Age % Distribution
<15 21.9%
15-19 6.0%
20-24 19.0%
25-44 31.7%
45-65 16.7%
66+ 4.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.3%
Construction 12.6%
Healthcare 9.4%
Management, Business, & Financial 30.8%
Natural Resources Maintenance 5.2%
Sales & Office 18.5%
Other 15.1%
HIGHEST EDUCATION LEVEL

29% 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 17.3%
Masters Degree 12.7%
Professional 5.3%
Some College 25.7%
Other 31.9%

1341 N Granite Ave Comps

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1341 N Granite Ave, Fayetteville, AR 72704 is a single family home of 1,321 sqft. HomeUnion INVESTimate® for 1341 N Granite Ave includes a Price Estimate of $147,306 and a Rent Estimate of $1,082. This single family home has 0 bedrooms,2 bathrooms, and was built in 1992. This property has an estimated 15 year annualized Yield of 8.81% and Total Return of 21.44%. The estimated 1 year forecast in home value for 1341 N Granite Ave is 5.75%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AR, WASHINGTON County, or the 72704 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2