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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

1578 Boone Gap Rd Boomer, NC 28606

0 Beds 0 Baths 1,152 sqft Built 0
Last updated:  Dec 26, 2019

INVESTimate

$146,504

$136K - $157K

Price Est.

$763

666 - 860

Rent Est.

$148,731  ( +1.52%)   1 YR EST. FORECAST
  
  
  

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1578 Boone Gap Rd PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $127.17
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,152 sqft
  • Baths : 0 Full

1578 Boone Gap Rd SCHOOLS

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Financial Details

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Neighborhood

BOOMER

  • 1,544

    POPULATION
  • 605

    HOUSEHOLDS
  • 38.4%

    WHITE COLLAR

Neighborhood : BOOMER

HOUSEHOLDS
605
POPULATION

1,544

22.6%Renters
77.4%Home Owners
LABOR FORCE

 

38.4%White Collar
61.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 82% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $763 per month.

MY RENT : $763 MEDIAN RENT : $934

Rent % Distribution LEVEL
$500-699 5.6%
$700-899 38.0%
$900-999 14.9%
$1,000-1,499 36.1%
>=$1,500 5.3%
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 $763 would therefore be considered affordable for annual household incomes greater than $30,520 (12 months x 3.333 x $763).

Rent % Affordability
Above $500 73.1%
Above $700 57.8%
Above $1,100 45.4%
Above $1,500 34.1%
Above $1,900 23.2%
HOUSEHOLD INCOME RANGE

Approximately 1,415 of households in this neighborhood have a total annual income of $30,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $763 per month.

MINIMUM INCOME RANGE : $30,520

Income % Distribution
<$20K 26.9%
$20K-$35K 19.9%
$35K-$60K 19.1%
$60K-$100K 25.1%
>=$100K 9.0%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.7%
5-9 mins 9.5%
10-14 mins 7.9%
15-19 mins 18.8%
20-29 mins 23.2%
30-44 mins 23.7%
45-59 mins 3.9%
>60 mins 6.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 82% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $763 per month.

MY RENT : $763 MEDIAN RENT : $934

Rent % Distribution
$500-699 5.6%
$700-899 38.0%
$900-999 14.9%
$1,000-1,499 36.1%
>=$1,500 5.3%
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 $763 would therefore be considered affordable for annual household incomes greater than $30,520 (12 months x 3.333 x $763).

Rent % Affordability
Above $500 73.1%
Above $700 57.8%
Above $1,100 45.4%
Above $1,500 34.1%
Above $1,900 23.2%
HOUSEHOLD INCOME RANGE

Approximately 1,415 of households in this neighborhood have a total annual income of $30,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $763 per month.

MINIMUM INCOME RANGE : $30,520

Income % Distribution
<$20K 26.9%
$20K-$35K 19.9%
$35K-$60K 19.1%
$60K-$100K 25.1%
>=$100K 9.0%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.7%
5-9 mins 9.5%
10-14 mins 7.9%
15-19 mins 18.8%
20-29 mins 23.2%
30-44 mins 23.7%
45-59 mins 3.9%
>60 mins 6.3%

BOOMER Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 8.4%
Health Care & Social Assistance 17.0%
Manufacturing 25.6%
Public Administration 9.8%
Retail & Wholesale Trader 8.7%
Transportation 5.6%
Other 24.9%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 24% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 19.0%
15-19 2.7%
20-24 2.5%
25-44 23.4%
45-65 29.8%
66+ 22.5%
OCCUPATION

Occupation % Distribution
Clean 8.3%
Healthcare 10.7%
Management, Business, & Financial 12.5%
Production & Transportation 25.0%
Protect 10.9%
Sales & Office 15.1%
Other 17.4%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.4%
High School 30.7%
Masters Degree 5.3%
Some College 29.5%
Some High School 17.7%
Other 6.4%

1578 Boone Gap Rd Comps

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1578 Boone Gap Rd, Boomer, NC 28606 is a single family home of 1,152 sqft. HomeUnion INVESTimateĀ® for 1578 Boone Gap Rd includes a Price Estimate of $146,504 and a Rent Estimate of $763. This single family home has 0 bedrooms,0 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 6.25% and Total Return of 10.85%. The estimated 1 year forecast in home value for 1578 Boone Gap Rd is 1.52%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , WILKES County , or the 28606 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 28654
  2. 28681