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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

1991 Ray Rd Hemingway, SC 29554

0 Beds 1 Baths 780 sqft Built 1961
Last updated:  Nov 28, 2019

INVESTimate

$138,132

$128K - $148K

Price Est.

$749

644 - 854

Rent Est.

$142,525  ( +3.18%)   1 YR EST. FORECAST
  
  
  

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1991 Ray Rd PROPERTY INFO

FACTS
  • Built In 1961
  • Price/Sqft : $177.09
CONSTRUCTION
  • Beds : 0
  • Floor Size : 780 sqft
  • Baths : 1 Full

1991 Ray Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PLEASANT HILL ELEMENTARY SCHOOL Primary Regular 334 25 6
CARVERS BAY MIDDLE SCHOOL Middle Regular 336 21 4
CARVERS BAY HIGH SCHOOL High Regular 412 35 4

PLEASANT HILL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 334
  • # of teachers: 25
6
GreatSchools Rating

CARVERS BAY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 336
  • # of teachers: 21
4
GreatSchools Rating

CARVERS BAY HIGH SCHOOL

  • Education Level: High
  • # of students: 412
  • # of teachers: 35
4
GreatSchools Rating
 

Financial Details

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Neighborhood

HEMINGWAY

  • 8,930

    POPULATION
  • 3,287

    HOUSEHOLDS
  • 43.0%

    WHITE COLLAR

Neighborhood : HEMINGWAY

HOUSEHOLDS
3,287
POPULATION

8,930

18.3%Renters
81.7%Home Owners
LABOR FORCE

 

43.0%White Collar
57.0%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 $749 per month.

MY RENT : $749 MEDIAN RENT : $878

Rent % Distribution LEVEL
$500-699 0.6%
$700-899 54.6%
$900-999 11.5%
$1,000-1,499 31.5%
>=$1,500 1.8%
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 $749 would therefore be considered affordable for annual household incomes greater than $29,960 (12 months x 3.333 x $749).

Rent % Affordability
Above $500 72.8%
Above $700 60.7%
Above $1,100 43.3%
Above $1,500 28.1%
Above $1,900 18.6%
HOUSEHOLD INCOME RANGE

Approximately 7,654 of households in this neighborhood have a total annual income of $29,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $749 per month.

MINIMUM INCOME RANGE : $29,960

Income % Distribution
<$20K 27.2%
$20K-$35K 19.7%
$35K-$60K 25.0%
$60K-$100K 18.5%
>=$100K 9.6%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.2%
5-9 mins 7.9%
10-14 mins 10.4%
15-19 mins 8.2%
20-29 mins 9.1%
30-44 mins 26.4%
45-59 mins 16.1%
>60 mins 17.7%
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 $749 per month.

MY RENT : $749 MEDIAN RENT : $878

Rent % Distribution
$500-699 0.6%
$700-899 54.6%
$900-999 11.5%
$1,000-1,499 31.5%
>=$1,500 1.8%
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 $749 would therefore be considered affordable for annual household incomes greater than $29,960 (12 months x 3.333 x $749).

Rent % Affordability
Above $500 72.8%
Above $700 60.7%
Above $1,100 43.3%
Above $1,500 28.1%
Above $1,900 18.6%
HOUSEHOLD INCOME RANGE

Approximately 7,654 of households in this neighborhood have a total annual income of $29,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $749 per month.

MINIMUM INCOME RANGE : $29,960

Income % Distribution
<$20K 27.2%
$20K-$35K 19.7%
$35K-$60K 25.0%
$60K-$100K 18.5%
>=$100K 9.6%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.2%
5-9 mins 7.9%
10-14 mins 10.4%
15-19 mins 8.2%
20-29 mins 9.1%
30-44 mins 26.4%
45-59 mins 16.1%
>60 mins 17.7%

HEMINGWAY Demographics

INDUSTRY

Industry % Distribution
Construction 7.2%
Educational Services 12.9%
Health Care & Social Assistance 12.9%
Manufacturing 23.5%
Retail & Wholesale Trader 12.1%
Transportation 8.4%
Other 23.2%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 30% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 17.1%
15-19 8.2%
20-24 5.2%
25-44 20.8%
45-65 29.8%
66+ 19.0%
OCCUPATION

Occupation % Distribution
Clean 6.8%
Construction 7.0%
Healthcare 10.5%
Natural Resources Maintenance 15.1%
Production & Transportation 24.9%
Sales & Office 18.0%
Other 17.6%
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 6.2%
High School 45.3%
Masters Degree 4.0%
Some College 16.3%
Some High School 22.7%
Other 5.5%

1991 Ray Rd Comps

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1991 Ray Rd, Hemingway, SC 29554 is a single family home of 780 sqft. HomeUnion INVESTimateĀ® for 1991 Ray Rd includes a Price Estimate of $138,132 and a Rent Estimate of $749. This single family home has 0 bedrooms,1 bathrooms, and was built in 1961. This property has an estimated 15 year annualized Yield of 6.51% and Total Return of 14.13%. The estimated 1 year forecast in home value for 1991 Ray Rd is 3.18%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in SC , GEORGETOWN County , or the 29554 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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