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This page contains information about each property aggregated from public data sources, 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.

1608 N 14th St Lamesa, TX 79331

0 Beds 0 Baths 1,144 sqft Built 1950
Last updated:  Oct 23, 2019

INVESTimate

$54,709

$46.5K - $62.9K

Price Est.

$885

769 - $1.0K

Rent Est.

$54,709  ( 0%)   1 YR EST. FORECAST

1608 N 14th St PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $47.82
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,144 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
1608 N 14th St, Lamesa, TX 79331 is a single family home of 1,144 sqft. HomeUnion estimate for 1608 N 14th St includes a Price Estimate of $54,709 and a Rent Estimate of $885. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 19.41% and Total Return of 23.48%. The estimated 1 year forecast in home value for 1608 N 14th St is 0%.
  
  
  

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1608 N 14th St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NORTH ELEMENTARY SCHOOL Primary Regular 429 30 2
LAMESA MIDDLE SCHOOL Middle Regular 414 29 3
LAMESA HIGH SCHOOL High Regular 415 39 3

NORTH ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 429
  • # of teachers: 30
2
GreatSchools Rating

LAMESA MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 414
  • # of teachers: 29
3
GreatSchools Rating

LAMESA HIGH SCHOOL

  • Education Level: High
  • # of students: 415
  • # of teachers: 39
3
GreatSchools Rating
 

Financial Details

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Neighborhood

LAMESA

  • 12,691

    POPULATION
  • 4,205

    HOUSEHOLDS
  • 46.5%

    WHITE COLLAR

Neighborhood : LAMESA

HOUSEHOLDS
4,205
POPULATION

12,691

29.2%Renters
70.8%Home Owners
LABOR FORCE

 

46.5%White Collar
53.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 71% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $885 per month.

MY RENT : $885 MEDIAN RENT : $995

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 30.9%
$900-999 20.5%
$1,000-1,499 46.3%
>=$1,500 2.3%
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 $885 would therefore be considered affordable for annual household incomes greater than $35,400 (12 months x 3.333 x $885).

Rent % Affordability
Above $500 73.7%
Above $700 65.3%
Above $1,100 49.2%
Above $1,500 35.9%
Above $1,900 28.0%
HOUSEHOLD INCOME RANGE

Approximately 1,875 of households in this neighborhood have a total annual income of $35,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $885 per month.

MINIMUM INCOME RANGE : $35,400

Income % Distribution
<$20K 26.3%
$20K-$35K 16.5%
$35K-$60K 21.3%
$60K-$100K 19.3%
>=$100K 16.6%
COMMUTE TIME DISTRIBUTION

23% of the working population has a commute time of 15 to 44 minutes, 65% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 10.3%
5-9 mins 37.9%
10-14 mins 17.3%
15-19 mins 7.4%
20-29 mins 6.4%
30-44 mins 9.6%
45-59 mins 6.0%
>60 mins 5.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 71% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $885 per month.

MY RENT : $885 MEDIAN RENT : $995

Rent % Distribution
$500-699 0.0%
$700-899 30.9%
$900-999 20.5%
$1,000-1,499 46.3%
>=$1,500 2.3%
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 $885 would therefore be considered affordable for annual household incomes greater than $35,400 (12 months x 3.333 x $885).

Rent % Affordability
Above $500 73.7%
Above $700 65.3%
Above $1,100 49.2%
Above $1,500 35.9%
Above $1,900 28.0%
HOUSEHOLD INCOME RANGE

Approximately 1,875 of households in this neighborhood have a total annual income of $35,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $885 per month.

MINIMUM INCOME RANGE : $35,400

Income % Distribution
<$20K 26.3%
$20K-$35K 16.5%
$35K-$60K 21.3%
$60K-$100K 19.3%
>=$100K 16.6%
COMMUTE TIME DISTRIBUTION

23% of the working population has a commute time of 15 to 44 minutes, 65% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 10.3%
5-9 mins 37.9%
10-14 mins 17.3%
15-19 mins 7.4%
20-29 mins 6.4%
30-44 mins 9.6%
45-59 mins 6.0%
>60 mins 5.1%

LAMESA Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 17.5%
Arts & Entertainment 7.3%
Educational Services 11.6%
Health Care & Social Assistance 8.4%
Public Administration 7.6%
Retail & Wholesale Trader 12.6%
Other 35.0%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 36% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 21.0%
15-19 5.6%
20-24 9.1%
25-44 29.1%
45-65 20.6%
66+ 14.6%
OCCUPATION

Occupation % Distribution
Construction 5.8%
Management, Business, & Financial 15.2%
Natural Resources Maintenance 20.7%
Production & Transportation 20.3%
Protect 5.1%
Sales & Office 17.2%
Other 15.7%
HIGHEST EDUCATION LEVEL

7% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 3.5%
High School 36.2%
Masters Degree 3.1%
Some College 20.1%
Some High School 27.7%
Other 9.5%

1608 N 14th St Comps

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