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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

177 Preservation Way 177 Wakefield, RI 02879

2 Beds 3 Baths 2,210 sqft Built 2007
Last updated:  Jan 23, 2020

INVESTimate

$500,843

$472K - $530K

Price Est.

$2,287

$2.0K - $2.6K

Rent Est.

$520,125  ( +3.85%)   1 YR EST. FORECAST
  
  
  

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177 Preservation Way 177 PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $226.63
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,210 sqft
  • Baths : 2 Full 1 Half

177 Preservation Way 177 SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

WAKEFIELD

  • 21,025

    POPULATION
  • 8,488

    HOUSEHOLDS
  • 75.3%

    WHITE COLLAR

Neighborhood : WAKEFIELD

HOUSEHOLDS
8,488
POPULATION

21,025

27.4%Renters
72.6%Home Owners
LABOR FORCE

 

75.3%White Collar
24.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 75% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,287 per month.

MY RENT : $2,287 MEDIAN RENT : $1,839

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 24.7%
>=$1,500 75.3%
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 $2,287 would therefore be considered affordable for annual household incomes greater than $91,480 (12 months x 3.333 x $2,287).

Rent % Affordability
Above $500 88.6%
Above $700 81.8%
Above $1,100 69.4%
Above $1,500 61.0%
Above $1,900 51.1%
HOUSEHOLD INCOME RANGE

Approximately 3,607 of households in this neighborhood have a total annual income of $91,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,287 per month.

MINIMUM INCOME RANGE : $91,480

Income % Distribution
<$20K 11.4%
$20K-$35K 11.7%
$35K-$60K 15.8%
$60K-$100K 20.2%
>=$100K 40.8%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.9%
5-9 mins 13.7%
10-14 mins 16.7%
15-19 mins 14.0%
20-29 mins 14.6%
30-44 mins 21.5%
45-59 mins 7.3%
>60 mins 8.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 75% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,287 per month.

MY RENT : $2,287 MEDIAN RENT : $1,839

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 24.7%
>=$1,500 75.3%
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 $2,287 would therefore be considered affordable for annual household incomes greater than $91,480 (12 months x 3.333 x $2,287).

Rent % Affordability
Above $500 88.6%
Above $700 81.8%
Above $1,100 69.4%
Above $1,500 61.0%
Above $1,900 51.1%
HOUSEHOLD INCOME RANGE

Approximately 3,607 of households in this neighborhood have a total annual income of $91,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,287 per month.

MINIMUM INCOME RANGE : $91,480

Income % Distribution
<$20K 11.4%
$20K-$35K 11.7%
$35K-$60K 15.8%
$60K-$100K 20.2%
>=$100K 40.8%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.9%
5-9 mins 13.7%
10-14 mins 16.7%
15-19 mins 14.0%
20-29 mins 14.6%
30-44 mins 21.5%
45-59 mins 7.3%
>60 mins 8.3%

WAKEFIELD Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 12.3%
Educational Services 16.2%
Health Care & Social Assistance 15.0%
Manufacturing 7.2%
Professional & Scientific Tech Services 8.8%
Retail & Wholesale Trader 11.4%
Other 29.2%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 30% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 15.4%
15-19 5.9%
20-24 8.7%
25-44 17.9%
45-65 30.6%
66+ 21.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.1%
Construction 9.7%
Healthcare 10.4%
Management, Business, & Financial 24.1%
Natural Resources Maintenance 7.6%
Sales & Office 14.3%
Other 24.9%
HIGHEST EDUCATION LEVEL

30% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.7%
Doctorate 5.7%
High School 20.3%
Masters Degree 14.6%
Some College 16.8%
Other 36.9%

177 Preservation Way 177 Comps

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177 Preservation Way 177, Wakefield, RI 02879 is a single family home of 2,210 sqft. HomeUnion INVESTimateĀ® for 177 Preservation Way 177 includes a Price Estimate of $500,843 and a Rent Estimate of $2,287. This single family home has 2 bedrooms,3 bathrooms, and was built in 2007. This property has an estimated 15 year annualized Yield of 5.48% and Total Return of 13.14%. The estimated 1 year forecast in home value for 177 Preservation Way 177 is 3.85%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in RI , WASHINGTON County , or the 02879 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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