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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

206 Megan Ln West Jefferson, NC 28694

0 Beds 0 Baths 1,996 sqft Built 1997
Last updated:  Jan 23, 2020

INVESTimate

$297,080

$267K - $327K

Price Est.

$923

806 - $1.0K

Rent Est.

$310,716  ( +4.59%)   1 YR EST. FORECAST
  
  
  

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206 Megan Ln PROPERTY INFO

FACTS
  • Built In 1997
  • Price/Sqft : $148.84
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,996 sqft
  • Baths : 0 Full

206 Megan Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ASHE COUNTY HIGH SCHOOL High Regular 905 65 6

ASHE COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 905
  • # of teachers: 65
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Mountain View Estates

  • 75

    POPULATION
  • 30

    HOUSEHOLDS
  • 39.9%

    WHITE COLLAR

Neighborhood : Mountain View Estates

HOUSEHOLDS
30
POPULATION

75

40.0%Renters
60.0%Home Owners
LABOR FORCE

 

39.9%White Collar
60.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $923 per month.

MY RENT : $923 MEDIAN RENT : $933

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 2.2%
$900-999 93.4%
$1,000-1,499 4.4%
>=$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 $923 would therefore be considered affordable for annual household incomes greater than $36,920 (12 months x 3.333 x $923).

Rent % Affordability
Above $500 70.0%
Above $700 64.7%
Above $1,100 36.7%
Above $1,500 23.3%
Above $1,900 12.9%
HOUSEHOLD INCOME RANGE

Approximately 10 of households in this neighborhood have a total annual income of $36,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $923 per month.

MINIMUM INCOME RANGE : $36,920

Income % Distribution
<$20K 30.0%
$20K-$35K 16.7%
$35K-$60K 30.0%
$60K-$100K 20.0%
>=$100K 3.3%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 48% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 12.9%
10-14 mins 32.3%
15-19 mins 25.8%
20-29 mins 6.5%
30-44 mins 16.1%
45-59 mins 3.2%
>60 mins 0.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $923 per month.

MY RENT : $923 MEDIAN RENT : $933

Rent % Distribution
$500-699 0.0%
$700-899 2.2%
$900-999 93.4%
$1,000-1,499 4.4%
>=$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 $923 would therefore be considered affordable for annual household incomes greater than $36,920 (12 months x 3.333 x $923).

Rent % Affordability
Above $500 70.0%
Above $700 64.7%
Above $1,100 36.7%
Above $1,500 23.3%
Above $1,900 12.9%
HOUSEHOLD INCOME RANGE

Approximately 10 of households in this neighborhood have a total annual income of $36,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $923 per month.

MINIMUM INCOME RANGE : $36,920

Income % Distribution
<$20K 30.0%
$20K-$35K 16.7%
$35K-$60K 30.0%
$60K-$100K 20.0%
>=$100K 3.3%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 48% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 12.9%
10-14 mins 32.3%
15-19 mins 25.8%
20-29 mins 6.5%
30-44 mins 16.1%
45-59 mins 3.2%
>60 mins 0.0%

Mountain View Estates Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 12.1%
Health Care & Social Assistance 12.1%
Information 9.1%
Manufacturing 12.1%
Public Administration 9.1%
Retail & Wholesale Trader 15.2%
Other 30.3%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 28% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 17.3%
15-19 5.3%
20-24 5.3%
25-44 26.7%
45-65 24.0%
66+ 21.3%
OCCUPATION

Occupation % Distribution
Construction 9.1%
Natural Resources Maintenance 9.1%
Production & Transportation 31.8%
Protect 9.1%
Sales & Office 18.2%
Social 4.5%
Other 18.2%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.4%
High School 28.3%
Masters Degree 5.7%
Some College 30.2%
Some High School 13.2%
Other 13.2%

206 Megan Ln Comps

Sorry, we do not have sufficient data available.

206 Megan Ln, West Jefferson, NC 28694 is a single family home of 1,996 sqft. HomeUnion INVESTimateĀ® for 206 Megan Ln includes a Price Estimate of $297,080 and a Rent Estimate of $923. This single family home has 0 bedrooms,0 bathrooms, and was built in 1997. This property has an estimated 15 year annualized Yield of 3.73% and Total Return of 11.82%. The estimated 1 year forecast in home value for 206 Megan Ln is 4.59%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , ASHE County , or the 28694 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 28626
  2. 28640
  3. 28693
  4. 28615
  5. 28684