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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

203 N 8th St Delmar, DE 19940

3 Beds 0 Baths 1,224 sqft Built 1941
Last updated:  Dec 26, 2019

INVESTimate

$109,109

$98.1K - $120K

Price Est.

$1,024

940 - $1.1K

Rent Est.

$113,921  ( +4.41%)   1 YR EST. FORECAST
  
  
  

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203 N 8th St PROPERTY INFO

FACTS
  • Built In 1941
  • Price/Sqft : $89.14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,224 sqft
  • Baths : 0 Full

203 N 8th St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DELMAR MIDDLE SCHOOL Primary Regular 673 35 6
DELMAR MIDDLE SCHOOL Middle Regular 673 35 6
DELMAR HIGH SCHOOL High Regular 628 40 NA

DELMAR MIDDLE SCHOOL

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 35
6
GreatSchools Rating

DELMAR MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 673
  • # of teachers: 35
6
GreatSchools Rating

DELMAR HIGH SCHOOL

  • Education Level: High
  • # of students: 628
  • # of teachers: 40
0
GreatSchools Rating
 

Financial Details

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Neighborhood

DELMAR

  • 5,198

    POPULATION
  • 2,004

    HOUSEHOLDS
  • 58.5%

    WHITE COLLAR

Neighborhood : DELMAR

HOUSEHOLDS
2,004
POPULATION

5,198

24.6%Renters
75.4%Home Owners
LABOR FORCE

 

58.5%White Collar
41.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 35% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,024 per month.

MY RENT : $1,024 MEDIAN RENT : $918

Rent % Distribution LEVEL
$500-699 0.2%
$700-899 41.8%
$900-999 21.9%
$1,000-1,499 32.6%
>=$1,500 3.5%
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 $1,024 would therefore be considered affordable for annual household incomes greater than $40,960 (12 months x 3.333 x $1,024).

Rent % Affordability
Above $500 86.3%
Above $700 75.6%
Above $1,100 58.1%
Above $1,500 44.5%
Above $1,900 31.8%
HOUSEHOLD INCOME RANGE

Approximately 1,045 of households in this neighborhood have a total annual income of $40,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,024 per month.

MINIMUM INCOME RANGE : $40,960

Income % Distribution
<$20K 13.7%
$20K-$35K 17.8%
$35K-$60K 24.0%
$60K-$100K 26.5%
>=$100K 17.9%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 19% 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 1.1%
5-9 mins 8.9%
10-14 mins 9.0%
15-19 mins 18.4%
20-29 mins 25.0%
30-44 mins 22.5%
45-59 mins 7.5%
>60 mins 7.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 35% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,024 per month.

MY RENT : $1,024 MEDIAN RENT : $918

Rent % Distribution
$500-699 0.2%
$700-899 41.8%
$900-999 21.9%
$1,000-1,499 32.6%
>=$1,500 3.5%
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 $1,024 would therefore be considered affordable for annual household incomes greater than $40,960 (12 months x 3.333 x $1,024).

Rent % Affordability
Above $500 86.3%
Above $700 75.6%
Above $1,100 58.1%
Above $1,500 44.5%
Above $1,900 31.8%
HOUSEHOLD INCOME RANGE

Approximately 1,045 of households in this neighborhood have a total annual income of $40,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,024 per month.

MINIMUM INCOME RANGE : $40,960

Income % Distribution
<$20K 13.7%
$20K-$35K 17.8%
$35K-$60K 24.0%
$60K-$100K 26.5%
>=$100K 17.9%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 19% 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 1.1%
5-9 mins 8.9%
10-14 mins 9.0%
15-19 mins 18.4%
20-29 mins 25.0%
30-44 mins 22.5%
45-59 mins 7.5%
>60 mins 7.5%

DELMAR Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.9%
Construction 9.2%
Educational Services 8.1%
Health Care & Social Assistance 19.4%
Manufacturing 10.5%
Retail & Wholesale Trader 16.0%
Other 29.8%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 30% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 18.6%
15-19 7.4%
20-24 3.6%
25-44 24.9%
45-65 25.6%
66+ 19.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.3%
Healthcare 9.3%
Management, Business, & Financial 16.4%
Natural Resources Maintenance 12.8%
Production & Transportation 13.5%
Sales & Office 21.9%
Other 19.8%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.7%
High School 43.3%
Masters Degree 4.9%
Some College 19.6%
Some High School 15.2%
Other 8.2%

203 N 8th St Comps

Sorry, we do not have sufficient data available.

203 N 8th St, Delmar, DE 19940 is a single family home of 1,224 sqft. HomeUnion INVESTimateĀ® for 203 N 8th St includes a Price Estimate of $109,109 and a Rent Estimate of $1,024. This single family home has 3 bedrooms,0 bathrooms, and was built in 1941. This property has an estimated 15 year annualized Yield of 11.26% and Total Return of 21.06%. The estimated 1 year forecast in home value for 203 N 8th St is 4.41%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in DE , SUSSEX County , or the 19940 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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