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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.

195 Deerfield Ln Newport, VA 24128

3 Beds 4 Baths 3,948 sqft Built 1975
Last updated:  Jan 23, 2020

INVESTimate

$430,335

$381K - $480K

Price Est.

$1,988

$1.7K - $2.2K

Rent Est.

$442,341  ( +2.79%)   1 YR EST. FORECAST

195 Deerfield Ln PROPERTY INFO

FACTS
  • Built In 1975
  • Price/Sqft : $109.00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,948 sqft
  • Baths : 4 Full
PROPERTY DESCRIPTION
195 Deerfield Ln, Newport, VA 24128 is a single family home of 3,948 sqft. HomeUnion estimate for 195 Deerfield Ln includes a Price Estimate of $430,335 and a Rent Estimate of $1,988. This single family home has 3 bedrooms, 4 bathrooms, and was built in 1975. This property has an estimated 15 year annualized Yield of 5.54% and Total Return of 14.98%. The estimated 1 year forecast in home value for 195 Deerfield Ln is 2.79%.
  
  
  

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195 Deerfield Ln SCHOOLS

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

Financial Details

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Neighborhood

NEWPORT

  • 1,633

    POPULATION
  • 748

    HOUSEHOLDS
  • 57.5%

    WHITE COLLAR

Neighborhood : NEWPORT

HOUSEHOLDS
748
POPULATION

1,633

18.7%Renters
81.3%Home Owners
LABOR FORCE

 

57.5%White Collar
42.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 14% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,988 per month.

MY RENT : $1,988 MEDIAN RENT : $1,007

Rent % Distribution LEVEL
$500-699 0.2%
$700-899 26.9%
$900-999 21.7%
$1,000-1,499 36.9%
>=$1,500 14.3%
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 $1,988 would therefore be considered affordable for annual household incomes greater than $79,520 (12 months x 3.333 x $1,988).

Rent % Affordability
Above $500 79.5%
Above $700 68.5%
Above $1,100 54.5%
Above $1,500 39.7%
Above $1,900 28.3%
HOUSEHOLD INCOME RANGE

Approximately 162 of households in this neighborhood have a total annual income of $79,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,988 per month.

MINIMUM INCOME RANGE : $79,520

Income % Distribution
<$20K 20.5%
$20K-$35K 18.8%
$35K-$60K 21.0%
$60K-$100K 22.7%
>=$100K 17.0%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 6.4%
10-14 mins 3.9%
15-19 mins 18.0%
20-29 mins 24.9%
30-44 mins 29.8%
45-59 mins 11.4%
>60 mins 3.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 14% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,988 per month.

MY RENT : $1,988 MEDIAN RENT : $1,007

Rent % Distribution
$500-699 0.2%
$700-899 26.9%
$900-999 21.7%
$1,000-1,499 36.9%
>=$1,500 14.3%
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 $1,988 would therefore be considered affordable for annual household incomes greater than $79,520 (12 months x 3.333 x $1,988).

Rent % Affordability
Above $500 79.5%
Above $700 68.5%
Above $1,100 54.5%
Above $1,500 39.7%
Above $1,900 28.3%
HOUSEHOLD INCOME RANGE

Approximately 162 of households in this neighborhood have a total annual income of $79,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,988 per month.

MINIMUM INCOME RANGE : $79,520

Income % Distribution
<$20K 20.5%
$20K-$35K 18.8%
$35K-$60K 21.0%
$60K-$100K 22.7%
>=$100K 17.0%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 6.4%
10-14 mins 3.9%
15-19 mins 18.0%
20-29 mins 24.9%
30-44 mins 29.8%
45-59 mins 11.4%
>60 mins 3.4%

NEWPORT Demographics

INDUSTRY

Industry % Distribution
Construction 5.9%
Educational Services 19.4%
Health Care & Social Assistance 10.1%
Manufacturing 13.5%
Professional & Scientific Tech Services 8.0%
Retail & Wholesale Trader 16.2%
Other 26.9%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 20% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 13.3%
15-19 3.3%
20-24 3.8%
25-44 21.9%
45-65 34.8%
66+ 22.9%
OCCUPATION

Occupation % Distribution
Construction 9.4%
Healthcare 10.0%
Management, Business, & Financial 11.9%
Natural Resources Maintenance 11.7%
Production & Transportation 19.4%
Sales & Office 19.4%
Other 18.3%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.6%
High School 33.3%
Masters Degree 6.5%
Some College 14.6%
Some High School 15.6%
Other 20.4%

195 Deerfield Ln Comps

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