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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

16946 Nc 902 Hwy Bear Creek, NC 27207

0 Beds 0 Baths 1,216 sqft Built 1995
Last updated:  Nov 28, 2019

INVESTimate

$92,341

$84.8K - $99.9K

Price Est.

$840

767 - 913

Rent Est.

$96,081  ( +4.05%)   1 YR EST. FORECAST
  
  
  

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16946 Nc 902 Hwy PROPERTY INFO

FACTS
  • Built In 1995
  • Price/Sqft : $75.94
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,216 sqft
  • Baths : 0 Full

16946 Nc 902 Hwy SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BONLEE SCHOOL Primary Regular 378 24 6
BONLEE SCHOOL Middle Regular 378 24 6
CHATHAM CENTRAL HIGH SCHOOL High Regular 447 31 6

BONLEE SCHOOL

  • Education Level: Primary
  • # of students: 378
  • # of teachers: 24
6
GreatSchools Rating

BONLEE SCHOOL

  • Education Level: Middle
  • # of students: 378
  • # of teachers: 24
6
GreatSchools Rating

CHATHAM CENTRAL HIGH SCHOOL

  • Education Level: High
  • # of students: 447
  • # of teachers: 31
6
GreatSchools Rating
 

Financial Details

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Neighborhood

BEAR CREEK

  • 3,947

    POPULATION
  • 1,521

    HOUSEHOLDS
  • 62.3%

    WHITE COLLAR

Neighborhood : BEAR CREEK

HOUSEHOLDS
1,521
POPULATION

3,947

22.5%Renters
77.5%Home Owners
LABOR FORCE

 

62.3%White Collar
37.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $840 per month.

MY RENT : $840 MEDIAN RENT : $1,163

Rent % Distribution LEVEL
$500-699 0.2%
$700-899 19.1%
$900-999 11.1%
$1,000-1,499 52.4%
>=$1,500 17.2%
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 $840 would therefore be considered affordable for annual household incomes greater than $33,600 (12 months x 3.333 x $840).

Rent % Affordability
Above $500 80.9%
Above $700 68.2%
Above $1,100 55.4%
Above $1,500 40.8%
Above $1,900 34.1%
HOUSEHOLD INCOME RANGE

Approximately 3,538 of households in this neighborhood have a total annual income of $33,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $840 per month.

MINIMUM INCOME RANGE : $33,600

Income % Distribution
<$20K 19.1%
$20K-$35K 18.9%
$35K-$60K 21.2%
$60K-$100K 20.0%
>=$100K 20.8%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.1%
5-9 mins 5.2%
10-14 mins 16.8%
15-19 mins 10.3%
20-29 mins 19.3%
30-44 mins 24.6%
45-59 mins 10.8%
>60 mins 9.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $840 per month.

MY RENT : $840 MEDIAN RENT : $1,163

Rent % Distribution
$500-699 0.2%
$700-899 19.1%
$900-999 11.1%
$1,000-1,499 52.4%
>=$1,500 17.2%
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 $840 would therefore be considered affordable for annual household incomes greater than $33,600 (12 months x 3.333 x $840).

Rent % Affordability
Above $500 80.9%
Above $700 68.2%
Above $1,100 55.4%
Above $1,500 40.8%
Above $1,900 34.1%
HOUSEHOLD INCOME RANGE

Approximately 3,538 of households in this neighborhood have a total annual income of $33,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $840 per month.

MINIMUM INCOME RANGE : $33,600

Income % Distribution
<$20K 19.1%
$20K-$35K 18.9%
$35K-$60K 21.2%
$60K-$100K 20.0%
>=$100K 20.8%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.1%
5-9 mins 5.2%
10-14 mins 16.8%
15-19 mins 10.3%
20-29 mins 19.3%
30-44 mins 24.6%
45-59 mins 10.8%
>60 mins 9.9%

BEAR CREEK Demographics

INDUSTRY

Industry % Distribution
Construction 13.5%
Educational Services 8.2%
Health Care & Social Assistance 14.3%
Manufacturing 17.0%
Public Administration 5.2%
Retail & Wholesale Trader 10.7%
Other 31.2%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 29% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 17.3%
15-19 5.4%
20-24 6.7%
25-44 22.6%
45-65 28.7%
66+ 19.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.5%
Healthcare 12.0%
Management, Business, & Financial 22.2%
Natural Resources Maintenance 12.4%
Production & Transportation 18.0%
Sales & Office 13.9%
Other 15.0%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.0%
High School 26.8%
Masters Degree 4.0%
Some College 28.8%
Some High School 15.2%
Other 15.2%

16946 Nc 902 Hwy Comps

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16946 Nc 902 Hwy, Bear Creek, NC 27207 is a single family home of 1,216 sqft. HomeUnion INVESTimateĀ® for 16946 Nc 902 Hwy includes a Price Estimate of $92,341 and a Rent Estimate of $840. This single family home has 0 bedrooms,0 bathrooms, and was built in 1995. This property has an estimated 15 year annualized Yield of 10.92% and Total Return of 22.93%. The estimated 1 year forecast in home value for 16946 Nc 902 Hwy is 4.05%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , CHATHAM County , or the 27207 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 27237
  2. 27344
  3. 27252
  4. 27208
  5. 27607