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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

1348 New Forest Way Patterson, CA 95363

3 Beds 3 Baths 3,122 sqft Built 2004
Last updated:  Jul 30, 2018

INVESTimate

$350,958

$330K - $372K

Price Est.

$1,938

$1.8K - $2.1K

Rent Est.

$383,843  ( +9.37%)   1 YR EST. FORECAST
  
  
  

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1348 New Forest Way PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $112.41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,122 sqft
  • Baths : 2 Full 1 Half

1348 New Forest Way SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
APRICOT VALLEY ELEMENTARY SCHOOL Primary Regular 833 29 NA
CREEKSIDE MIDDLE SCHOOL Middle Regular 1,185 46 NA
PATTERSON HIGH SCHOOL High Regular 1,622 66 NA

APRICOT VALLEY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 833
  • # of teachers: 29
-1
GreatSchools Rating

CREEKSIDE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,185
  • # of teachers: 46
-1
GreatSchools Rating

PATTERSON HIGH SCHOOL

  • Education Level: High
  • # of students: 1,622
  • # of teachers: 66
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

Walker Ranch

  • 2,774

    POPULATION
  • 686

    HOUSEHOLDS
  • 39.8%

    WHITE COLLAR

Neighborhood : Walker Ranch

HOUSEHOLDS
686
POPULATION

2,774

33.0%Renters
67.0%Home Owners
LABOR FORCE

 

39.8%White Collar
60.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,938 per month.

MY RENT : $1,938 MEDIAN RENT : $1,876

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.4%
>=$1,500 99.6%
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 $1,938 would therefore be considered affordable for annual household incomes greater than $77,520 (12 months x 3.333 x $1,938).

Rent % Affordability
Above $500 91.1%
Above $700 84.5%
Above $1,100 68.2%
Above $1,500 39.4%
Above $1,900 31.0%
HOUSEHOLD INCOME RANGE

Approximately 173 of households in this neighborhood have a total annual income of $77,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,938 per month.

MINIMUM INCOME RANGE : $77,520

Income % Distribution
<$20K 8.9%
$20K-$35K 12.8%
$35K-$60K 38.9%
$60K-$100K 18.5%
>=$100K 21.0%
COMMUTE TIME DISTRIBUTION

33% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 40% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 16.2%
10-14 mins 6.5%
15-19 mins 2.0%
20-29 mins 6.6%
30-44 mins 24.0%
45-59 mins 4.1%
>60 mins 36.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,938 per month.

MY RENT : $1,938 MEDIAN RENT : $1,876

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.4%
>=$1,500 99.6%
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 $1,938 would therefore be considered affordable for annual household incomes greater than $77,520 (12 months x 3.333 x $1,938).

Rent % Affordability
Above $500 91.1%
Above $700 84.5%
Above $1,100 68.2%
Above $1,500 39.4%
Above $1,900 31.0%
HOUSEHOLD INCOME RANGE

Approximately 173 of households in this neighborhood have a total annual income of $77,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,938 per month.

MINIMUM INCOME RANGE : $77,520

Income % Distribution
<$20K 8.9%
$20K-$35K 12.8%
$35K-$60K 38.9%
$60K-$100K 18.5%
>=$100K 21.0%
COMMUTE TIME DISTRIBUTION

33% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 40% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 16.2%
10-14 mins 6.5%
15-19 mins 2.0%
20-29 mins 6.6%
30-44 mins 24.0%
45-59 mins 4.1%
>60 mins 36.1%

Walker Ranch Demographics

INDUSTRY

Industry % Distribution
Administrative Support 9.9%
Arts & Entertainment 9.3%
Health Care & Social Assistance 10.9%
Manufacturing 12.1%
Retail & Wholesale Trader 23.5%
Transportation 8.1%
Other 26.1%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 43% is 24 or younger and 5% is 65 or older.

Age % Distribution
<15 32.9%
15-19 7.5%
20-24 2.9%
25-44 29.4%
45-65 21.8%
66+ 5.4%
OCCUPATION

Occupation % Distribution
Clean 6.9%
Healthcare 4.6%
Management, Business, & Financial 12.2%
Natural Resources Maintenance 13.3%
Production & Transportation 31.5%
Sales & Office 19.4%
Other 12.2%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.3%
High School 33.2%
Masters Degree 2.9%
Some College 28.2%
Some High School 20.4%
Other 9.0%

1348 New Forest Way Comps

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1348 New Forest Way, Patterson, CA 95363 is a single family home of 3,122 sqft. HomeUnion INVESTimate® for 1348 New Forest Way includes a Price Estimate of $350,958 and a Rent Estimate of $1,938. This single family home has 3 bedrooms,3 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 6.63% and Total Return of 20.07%. The estimated 1 year forecast in home value for 1348 New Forest Way is 9.37%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA, STANISLAUS County, or the 95363 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2