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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

216 N Cedar Ave Newkirk, OK 74647

2 Beds 1 Baths 1,190 sqft Built 1961
Last updated:  Jan 23, 2020

INVESTimate

$83,087

$78.4K - $87.8K

Price Est.

$736

653 - 819

Rent Est.

$85,887  ( +3.37%)   1 YR EST. FORECAST
  
  
  

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216 N Cedar Ave PROPERTY INFO

FACTS
  • Built In 1961
  • Price/Sqft : $69.82
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,190 sqft
  • Baths : 1 Full

216 N Cedar Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NEWKIRK ELEMENTARY SCHOOL Primary Regular 317 21 5
NEWKIRK MIDDLE SCHOOL Middle Regular 213 14 3
NEWKIRK HIGH SCHOOL High Regular 255 18 4

NEWKIRK ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 317
  • # of teachers: 21
5
GreatSchools Rating

NEWKIRK MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 213
  • # of teachers: 14
3
GreatSchools Rating

NEWKIRK HIGH SCHOOL

  • Education Level: High
  • # of students: 255
  • # of teachers: 18
4
GreatSchools Rating
 

Financial Details

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Neighborhood

NEWKIRK

  • 3,658

    POPULATION
  • 1,402

    HOUSEHOLDS
  • 48.0%

    WHITE COLLAR

Neighborhood : NEWKIRK

HOUSEHOLDS
1,402
POPULATION

3,658

25.6%Renters
74.4%Home Owners
LABOR FORCE

 

48.0%White Collar
52.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 68% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $736 per month.

MY RENT : $736 MEDIAN RENT : $795

Rent % Distribution LEVEL
$500-699 24.0%
$700-899 42.6%
$900-999 10.2%
$1,000-1,499 21.1%
>=$1,500 2.1%
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 $736 would therefore be considered affordable for annual household incomes greater than $29,440 (12 months x 3.333 x $736).

Rent % Affordability
Above $500 79.7%
Above $700 69.1%
Above $1,100 49.2%
Above $1,500 34.8%
Above $1,900 24.7%
HOUSEHOLD INCOME RANGE

Approximately 3,491 of households in this neighborhood have a total annual income of $29,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $736 per month.

MINIMUM INCOME RANGE : $29,440

Income % Distribution
<$20K 20.3%
$20K-$35K 20.8%
$35K-$60K 24.1%
$60K-$100K 22.0%
>=$100K 12.8%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 10.4%
5-9 mins 19.0%
10-14 mins 8.8%
15-19 mins 14.7%
20-29 mins 23.3%
30-44 mins 15.7%
45-59 mins 3.2%
>60 mins 4.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 68% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $736 per month.

MY RENT : $736 MEDIAN RENT : $795

Rent % Distribution
$500-699 24.0%
$700-899 42.6%
$900-999 10.2%
$1,000-1,499 21.1%
>=$1,500 2.1%
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 $736 would therefore be considered affordable for annual household incomes greater than $29,440 (12 months x 3.333 x $736).

Rent % Affordability
Above $500 79.7%
Above $700 69.1%
Above $1,100 49.2%
Above $1,500 34.8%
Above $1,900 24.7%
HOUSEHOLD INCOME RANGE

Approximately 3,491 of households in this neighborhood have a total annual income of $29,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $736 per month.

MINIMUM INCOME RANGE : $29,440

Income % Distribution
<$20K 20.3%
$20K-$35K 20.8%
$35K-$60K 24.1%
$60K-$100K 22.0%
>=$100K 12.8%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 10.4%
5-9 mins 19.0%
10-14 mins 8.8%
15-19 mins 14.7%
20-29 mins 23.3%
30-44 mins 15.7%
45-59 mins 3.2%
>60 mins 4.9%

NEWKIRK Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 13.2%
Educational Services 8.5%
Health Care & Social Assistance 9.4%
Manufacturing 13.6%
Public Administration 9.2%
Retail & Wholesale Trader 13.1%
Other 33.1%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 33% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 21.0%
15-19 6.7%
20-24 5.3%
25-44 19.9%
45-65 28.3%
66+ 18.8%
OCCUPATION

Occupation % Distribution
Construction 5.6%
Management, Business, & Financial 14.0%
Natural Resources Maintenance 16.2%
Production & Transportation 16.8%
Protect 7.8%
Sales & Office 22.8%
Other 16.8%
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 11.5%
High School 35.9%
Masters Degree 2.6%
Some College 26.9%
Some High School 12.2%
Other 10.9%

216 N Cedar Ave Comps

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216 N Cedar Ave, Newkirk, OK 74647 is a single family home of 1,190 sqft. HomeUnion INVESTimateĀ® for 216 N Cedar Ave includes a Price Estimate of $83,087 and a Rent Estimate of $736. This single family home has 2 bedrooms,1 bathrooms, and was built in 1961. This property has an estimated 15 year annualized Yield of 10.63% and Total Return of 20.36%. The estimated 1 year forecast in home value for 216 N Cedar Ave is 3.37%.

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