INVESTimate
$22,738
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220 Ridge Rd PROPERTY INFO
FACTS
- Built In 1965
- Price/Sqft : $35.16
CONSTRUCTION
- Beds : 0
- Floor Size : 1,206 sqft
- Baths : 1 Full
220 Ridge Rd SCHOOLS
Financial Details
See Financial Details
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HOUSTON
Neighborhood : HOUSTON
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $626 per month.
MY RENT : $626 MEDIAN RENT : $717
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 $626 would therefore be considered affordable for annual household incomes greater than $25,040 (12 months x 3.333 x $626).
HOUSEHOLD INCOME RANGE
Approximately 1,813 of households in this neighborhood have a total annual income of $25,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $626 per month.
MINIMUM INCOME RANGE : $25,040
COMMUTE TIME DISTRIBUTION
52% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.
HOUSTON Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 10.5% |
Construction | 9.1% |
Educational Services | 9.2% |
Health Care & Social Assistance | 12.7% |
Manufacturing | 9.1% |
Retail & Wholesale Trader | 17.1% |
Other | 32.3% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 29% is 24 or younger and 21% is 65 or older.
Age | % Distribution |
---|---|
<15 | 19.2% |
15-19 | 2.6% |
20-24 | 7.7% |
25-44 | 22.9% |
45-65 | 27.0% |
66+ | 20.8% |
OCCUPATION
Occupation | % Distribution |
---|---|
Construction | 12.1% |
Education | 8.0% |
Management, Business, & Financial | 10.8% |
Natural Resources Maintenance | 11.0% |
Production & Transportation | 10.8% |
Sales & Office | 19.2% |
Other | 28.0% |
HIGHEST EDUCATION LEVEL
13% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 9.5% |
High School | 30.9% |
Masters Degree | 3.0% |
Some College | 22.3% |
Some High School | 21.3% |
Other | 12.9% |
220 Ridge Rd Comps
220 Ridge Rd, Houston, AR 72070 is a single family home of 1,206 sqft. HomeUnion INVESTimateĀ® for 220 Ridge Rd includes a Price Estimate of $42,408 and a Rent Estimate of $626. This single family home has 0 bedrooms,1 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 17.71% and Total Return of 21.87%. The estimated 1 year forecast in home value for 220 Ridge Rd is 1.33%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AR , PERRY County , or the 72070 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2