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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.

1604 Parker Dr Vernon, TX 76384

0 Beds 1 Baths 1,510 sqft Built 1985
Last updated:  Oct 23, 2019

INVESTimate

$129,841

$118K - $142K

Price Est.

$1,038

902 - $1.2K

Rent Est.

$129,841  ( 0%)   1 YR EST. FORECAST

1604 Parker Dr PROPERTY INFO

FACTS
  • Built In 1985
  • Price/Sqft : $85.99
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,510 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
1604 Parker Dr, Vernon, TX 76384 is a single family home of 1,510 sqft. HomeUnion estimate for 1604 Parker Dr includes a Price Estimate of $129,841 and a Rent Estimate of $1,038. This single family home has 0 bedrooms, 1 bathrooms, and was built in 1985. This property has an estimated 15 year annualized Yield of 9.59% and Total Return of 12.61%. The estimated 1 year forecast in home value for 1604 Parker Dr is 0%.
  
  
  

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1604 Parker Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CENTRAL ELEMENTARY SCHOOL Primary Regular 362 24 4
VERNON MIDDLE SCHOOL Middle Regular 438 36 5
VERNON HIGH SCHOOL High Regular 580 46 3

CENTRAL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 362
  • # of teachers: 24
4
GreatSchools Rating

VERNON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 438
  • # of teachers: 36
5
GreatSchools Rating

VERNON HIGH SCHOOL

  • Education Level: High
  • # of students: 580
  • # of teachers: 46
3
GreatSchools Rating
 

Financial Details

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Neighborhood

VERNON

  • 12,424

    POPULATION
  • 4,946

    HOUSEHOLDS
  • 50.6%

    WHITE COLLAR

Neighborhood : VERNON

HOUSEHOLDS
4,946
POPULATION

12,424

35.6%Renters
64.4%Home Owners
LABOR FORCE

 

50.6%White Collar
49.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,038 per month.

MY RENT : $1,038 MEDIAN RENT : $955

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 35.2%
$900-999 27.9%
$1,000-1,499 34.1%
>=$1,500 2.7%
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 $1,038 would therefore be considered affordable for annual household incomes greater than $41,520 (12 months x 3.333 x $1,038).

Rent % Affordability
Above $500 76.4%
Above $700 67.1%
Above $1,100 49.6%
Above $1,500 36.4%
Above $1,900 21.6%
HOUSEHOLD INCOME RANGE

Approximately 2,137 of households in this neighborhood have a total annual income of $41,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,038 per month.

MINIMUM INCOME RANGE : $41,520

Income % Distribution
<$20K 23.6%
$20K-$35K 17.8%
$35K-$60K 22.2%
$60K-$100K 24.4%
>=$100K 12.0%
COMMUTE TIME DISTRIBUTION

18% of the working population has a commute time of 15 to 44 minutes, 78% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 15.2%
5-9 mins 41.1%
10-14 mins 21.5%
15-19 mins 10.3%
20-29 mins 2.4%
30-44 mins 5.3%
45-59 mins 1.8%
>60 mins 2.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,038 per month.

MY RENT : $1,038 MEDIAN RENT : $955

Rent % Distribution
$500-699 0.0%
$700-899 35.2%
$900-999 27.9%
$1,000-1,499 34.1%
>=$1,500 2.7%
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 $1,038 would therefore be considered affordable for annual household incomes greater than $41,520 (12 months x 3.333 x $1,038).

Rent % Affordability
Above $500 76.4%
Above $700 67.1%
Above $1,100 49.6%
Above $1,500 36.4%
Above $1,900 21.6%
HOUSEHOLD INCOME RANGE

Approximately 2,137 of households in this neighborhood have a total annual income of $41,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,038 per month.

MINIMUM INCOME RANGE : $41,520

Income % Distribution
<$20K 23.6%
$20K-$35K 17.8%
$35K-$60K 22.2%
$60K-$100K 24.4%
>=$100K 12.0%
COMMUTE TIME DISTRIBUTION

18% of the working population has a commute time of 15 to 44 minutes, 78% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 15.2%
5-9 mins 41.1%
10-14 mins 21.5%
15-19 mins 10.3%
20-29 mins 2.4%
30-44 mins 5.3%
45-59 mins 1.8%
>60 mins 2.4%

VERNON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 6.9%
Arts & Entertainment 8.4%
Educational Services 6.1%
Health Care & Social Assistance 23.1%
Manufacturing 13.8%
Retail & Wholesale Trader 11.5%
Other 30.3%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 32% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 18.9%
15-19 7.7%
20-24 5.8%
25-44 25.0%
45-65 25.8%
66+ 16.7%
OCCUPATION

Occupation % Distribution
Clean 5.6%
Healthcare 12.7%
Management, Business, & Financial 16.4%
Natural Resources Maintenance 12.5%
Production & Transportation 15.4%
Sales & Office 20.9%
Other 16.6%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.6%
High School 30.4%
Masters Degree 3.0%
Some College 25.1%
Some High School 21.3%
Other 11.6%

1604 Parker Dr Comps

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