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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

219 Wright St Star, NC 27356

2 Beds 1 Baths 972 sqft Built 1948
Last updated:  Jan 23, 2020

INVESTimate

$79,833

$74.5K - $85.2K

Price Est.

$639

558 - 720

Rent Est.

$93,971  ( +17.71%)   1 YR EST. FORECAST
  
  
  

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219 Wright St PROPERTY INFO

FACTS
  • Built In 1948
  • Price/Sqft : $82.13
CONSTRUCTION
  • Beds : 2
  • Floor Size : 972 sqft
  • Baths : 1 Full

219 Wright St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MOUNT GILEAD ELEMENTARY SCHOOL Primary Regular 365 22 NA
EAST MIDDLE SCHOOL Middle Regular 530 31 NA
EAST MONTGOMERY HIGH SCHOOL High Regular 590 41 NA

MOUNT GILEAD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 365
  • # of teachers: 22
-1
GreatSchools Rating

EAST MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 530
  • # of teachers: 31
-1
GreatSchools Rating

EAST MONTGOMERY HIGH SCHOOL

  • Education Level: High
  • # of students: 590
  • # of teachers: 41
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

STAR

  • 2,992

    POPULATION
  • 1,257

    HOUSEHOLDS
  • 42.0%

    WHITE COLLAR

Neighborhood : STAR

HOUSEHOLDS
1,257
POPULATION

2,992

31.2%Renters
68.8%Home Owners
LABOR FORCE

 

42.0%White Collar
58.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 84% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $639 per month.

MY RENT : $639 MEDIAN RENT : $760

Rent % Distribution LEVEL
$500-699 23.2%
$700-899 55.5%
$900-999 8.8%
$1,000-1,499 11.4%
>=$1,500 1.1%
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 $639 would therefore be considered affordable for annual household incomes greater than $25,560 (12 months x 3.333 x $639).

Rent % Affordability
Above $500 78.5%
Above $700 62.6%
Above $1,100 47.8%
Above $1,500 37.2%
Above $1,900 23.4%
HOUSEHOLD INCOME RANGE

Approximately 3,557 of households in this neighborhood have a total annual income of $25,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $639 per month.

MINIMUM INCOME RANGE : $25,560

Income % Distribution
<$20K 21.5%
$20K-$35K 24.8%
$35K-$60K 16.6%
$60K-$100K 26.3%
>=$100K 10.8%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.4%
5-9 mins 5.2%
10-14 mins 22.2%
15-19 mins 14.8%
20-29 mins 20.7%
30-44 mins 18.3%
45-59 mins 8.5%
>60 mins 2.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 84% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $639 per month.

MY RENT : $639 MEDIAN RENT : $760

Rent % Distribution
$500-699 23.2%
$700-899 55.5%
$900-999 8.8%
$1,000-1,499 11.4%
>=$1,500 1.1%
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 $639 would therefore be considered affordable for annual household incomes greater than $25,560 (12 months x 3.333 x $639).

Rent % Affordability
Above $500 78.5%
Above $700 62.6%
Above $1,100 47.8%
Above $1,500 37.2%
Above $1,900 23.4%
HOUSEHOLD INCOME RANGE

Approximately 3,557 of households in this neighborhood have a total annual income of $25,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $639 per month.

MINIMUM INCOME RANGE : $25,560

Income % Distribution
<$20K 21.5%
$20K-$35K 24.8%
$35K-$60K 16.6%
$60K-$100K 26.3%
>=$100K 10.8%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.4%
5-9 mins 5.2%
10-14 mins 22.2%
15-19 mins 14.8%
20-29 mins 20.7%
30-44 mins 18.3%
45-59 mins 8.5%
>60 mins 2.8%

STAR Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.7%
Construction 8.5%
Educational Services 7.8%
Health Care & Social Assistance 12.9%
Manufacturing 28.6%
Retail & Wholesale Trader 5.8%
Other 27.8%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 28% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 13.3%
15-19 7.2%
20-24 7.8%
25-44 24.3%
45-65 28.0%
66+ 19.5%
OCCUPATION

Occupation % Distribution
Clean 5.9%
Healthcare 12.5%
Management, Business, & Financial 14.0%
Natural Resources Maintenance 19.1%
Production & Transportation 24.1%
Sales & Office 11.8%
Other 12.6%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.5%
High School 37.2%
Masters Degree 2.5%
Some College 20.0%
Some High School 20.3%
Other 6.6%

219 Wright St Comps

Sorry, we do not have sufficient data available.

219 Wright St, Star, NC 27356 is a single family home of 972 sqft. HomeUnion INVESTimateĀ® for 219 Wright St includes a Price Estimate of $79,833 and a Rent Estimate of $639. This single family home has 2 bedrooms,1 bathrooms, and was built in 1948. This property has an estimated 15 year annualized Yield of 9.61% and Total Return of 43.68%. The estimated 1 year forecast in home value for 219 Wright St is 17.71%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , MONTGOMERY County , or the 27356 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 27341
  2. 27209
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