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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

188 Weld St Dixfield, ME 04224

0 Beds 0 Baths 780 sqft Built 0
Last updated:  Jan 23, 2020

INVESTimate

$129,933

$120K - $140K

Price Est.

$922

756 - $1.1K

Rent Est.

$134,546  ( +3.55%)   1 YR EST. FORECAST
  
  
  

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188 Weld St PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $166.58
CONSTRUCTION
  • Beds : 0
  • Floor Size : 780 sqft
  • Baths : 0 Full

188 Weld St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DIRIGO ELEMENTARY SCHOOL Primary Regular 377 31 3

DIRIGO ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 377
  • # of teachers: 31
3
GreatSchools Rating
 

Financial Details

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Neighborhood

DIXFIELD

  • 2,630

    POPULATION
  • 969

    HOUSEHOLDS
  • 53.4%

    WHITE COLLAR

Neighborhood : DIXFIELD

HOUSEHOLDS
969
POPULATION

2,630

22.6%Renters
77.4%Home Owners
LABOR FORCE

 

53.4%White Collar
46.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 77% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $922 per month.

MY RENT : $922 MEDIAN RENT : $961

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 9.0%
$900-999 61.7%
$1,000-1,499 29.3%
>=$1,500 0.0%
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 $922 would therefore be considered affordable for annual household incomes greater than $36,880 (12 months x 3.333 x $922).

Rent % Affordability
Above $500 73.0%
Above $700 61.3%
Above $1,100 40.8%
Above $1,500 29.5%
Above $1,900 22.4%
HOUSEHOLD INCOME RANGE

Approximately 367 of households in this neighborhood have a total annual income of $36,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $922 per month.

MINIMUM INCOME RANGE : $36,880

Income % Distribution
<$20K 27.0%
$20K-$35K 22.2%
$35K-$60K 21.3%
$60K-$100K 17.0%
>=$100K 12.6%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.5%
5-9 mins 10.2%
10-14 mins 12.6%
15-19 mins 9.8%
20-29 mins 19.6%
30-44 mins 18.7%
45-59 mins 13.8%
>60 mins 9.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 77% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $922 per month.

MY RENT : $922 MEDIAN RENT : $961

Rent % Distribution
$500-699 0.0%
$700-899 9.0%
$900-999 61.7%
$1,000-1,499 29.3%
>=$1,500 0.0%
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 $922 would therefore be considered affordable for annual household incomes greater than $36,880 (12 months x 3.333 x $922).

Rent % Affordability
Above $500 73.0%
Above $700 61.3%
Above $1,100 40.8%
Above $1,500 29.5%
Above $1,900 22.4%
HOUSEHOLD INCOME RANGE

Approximately 367 of households in this neighborhood have a total annual income of $36,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $922 per month.

MINIMUM INCOME RANGE : $36,880

Income % Distribution
<$20K 27.0%
$20K-$35K 22.2%
$35K-$60K 21.3%
$60K-$100K 17.0%
>=$100K 12.6%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.5%
5-9 mins 10.2%
10-14 mins 12.6%
15-19 mins 9.8%
20-29 mins 19.6%
30-44 mins 18.7%
45-59 mins 13.8%
>60 mins 9.8%

DIXFIELD Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.2%
Construction 5.5%
Educational Services 9.6%
Health Care & Social Assistance 12.8%
Manufacturing 17.2%
Retail & Wholesale Trader 17.0%
Other 29.7%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 27% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 17.5%
15-19 5.7%
20-24 4.1%
25-44 22.4%
45-65 31.4%
66+ 18.9%
OCCUPATION

Occupation % Distribution
Construction 6.9%
Healthcare 6.9%
Management, Business, & Financial 11.9%
Natural Resources Maintenance 14.2%
Production & Transportation 21.5%
Sales & Office 21.9%
Other 16.6%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.3%
High School 48.8%
Masters Degree 2.1%
Some College 17.1%
Some High School 14.2%
Other 8.6%

188 Weld St Comps

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188 Weld St, Dixfield, ME 04224 is a single family home of 780 sqft. HomeUnion INVESTimateĀ® for 188 Weld St includes a Price Estimate of $129,933 and a Rent Estimate of $922. This single family home has 0 bedrooms,0 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 8.52% and Total Return of 16.76%. The estimated 1 year forecast in home value for 188 Weld St is 3.55%.

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