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222 E 7th Ave 305 PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $296.72
CONSTRUCTION
- Beds : 3
- Floor Size : 1,784 sqft
- Baths : 3 Full 1 Half
222 E 7th Ave 305 SCHOOLS
Financial Details
See Financial Details
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Downtown Anchorage
Neighborhood : Downtown Anchorage
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 50% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,917 per month.
MY RENT : $2,917 MEDIAN RENT : $1,496
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 $2,917 would therefore be considered affordable for annual household incomes greater than $116,680 (12 months x 3.333 x $2,917).
HOUSEHOLD INCOME RANGE
Approximately 76 of households in this neighborhood have a total annual income of $116,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,917 per month.
MINIMUM INCOME RANGE : $116,680
COMMUTE TIME DISTRIBUTION
43% of the working population has a commute time of 15 to 44 minutes, 53% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.
Downtown Anchorage Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 9.9% |
Construction | 5.8% |
Health Care & Social Assistance | 19.3% |
Professional & Scientific Tech Services | 9.4% |
Public Administration | 8.8% |
Retail & Wholesale Trader | 17.3% |
Other | 29.4% |
AGE DISTRIBUTION
71% of the population is between the ages of 25 and 64, 18% is 24 or younger and 11% is 65 or older.
Age | % Distribution |
---|---|
<15 | 4.2% |
15-19 | 5.9% |
20-24 | 8.4% |
25-44 | 33.7% |
45-65 | 37.1% |
66+ | 10.7% |
OCCUPATION
Occupation | % Distribution |
---|---|
Healthcare | 10.2% |
Legal | 5.9% |
Management, Business, & Financial | 26.2% |
Natural Resources Maintenance | 9.8% |
Production & Transportation | 8.5% |
Sales & Office | 21.2% |
Other | 18.3% |
HIGHEST EDUCATION LEVEL
20% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 6.2% |
High School | 27.0% |
Masters Degree | 7.7% |
Some College | 24.1% |
Some High School | 9.7% |
Other | 25.4% |
222 E 7th Ave 305 Comps
222 E 7th Ave 305, Anchorage, AK 99501 is a single family home of 1,784 sqft. HomeUnion INVESTimate® for 222 E 7th Ave 305 includes a Price Estimate of $529,349 and a Rent Estimate of $2,917. This single family home has 3 bedrooms,4 bathrooms, and was built in 2005. This property has an estimated 15 year annualized Yield of 6.61% and Total Return of 13.04%. The estimated 1 year forecast in home value for 222 E 7th Ave 305 is 3.99%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AK, ANCHORAGE County, or the 99501 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2