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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

223 Old State Rd Marble, NC 28905

3 Beds 2 Baths 1,016 sqft Built 1940
Last updated:  Jan 23, 2020

INVESTimate

$88,853

$84.2K - $93.5K

Price Est.

$933

815 - $1.1K

Rent Est.

$94,264  ( +6.09%)   1 YR EST. FORECAST
  
  
  

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223 Old State Rd PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $87.45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,016 sqft
  • Baths : 2 Full

223 Old State Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MURPHY ELEMENTARY SCHOOL Primary Regular 480 33 NA
MURPHY MIDDLE SCHOOL Middle Regular 343 19 NA
MURPHY HIGH SCHOOL High Regular 475 34 NA

MURPHY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 480
  • # of teachers: 33
-1
GreatSchools Rating

MURPHY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 343
  • # of teachers: 19
-1
GreatSchools Rating

MURPHY HIGH SCHOOL

  • Education Level: High
  • # of students: 475
  • # of teachers: 34
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

MARBLE

  • 2,735

    POPULATION
  • 1,080

    HOUSEHOLDS
  • 57.5%

    WHITE COLLAR

Neighborhood : MARBLE

HOUSEHOLDS
1,080
POPULATION

2,735

19.5%Renters
80.5%Home Owners
LABOR FORCE

 

57.5%White Collar
42.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $933 per month.

MY RENT : $933 MEDIAN RENT : $895

Rent % Distribution LEVEL
$500-699 0.9%
$700-899 51.0%
$900-999 14.9%
$1,000-1,499 30.5%
>=$1,500 2.8%
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 $933 would therefore be considered affordable for annual household incomes greater than $37,320 (12 months x 3.333 x $933).

Rent % Affordability
Above $500 75.8%
Above $700 65.5%
Above $1,100 39.7%
Above $1,500 29.0%
Above $1,900 17.9%
HOUSEHOLD INCOME RANGE

Approximately 415 of households in this neighborhood have a total annual income of $37,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $933 per month.

MINIMUM INCOME RANGE : $37,320

Income % Distribution
<$20K 24.2%
$20K-$35K 22.0%
$35K-$60K 24.7%
$60K-$100K 19.3%
>=$100K 9.7%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 32% 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 3.7%
5-9 mins 4.0%
10-14 mins 24.6%
15-19 mins 29.4%
20-29 mins 17.8%
30-44 mins 12.4%
45-59 mins 2.3%
>60 mins 5.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $933 per month.

MY RENT : $933 MEDIAN RENT : $895

Rent % Distribution
$500-699 0.9%
$700-899 51.0%
$900-999 14.9%
$1,000-1,499 30.5%
>=$1,500 2.8%
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 $933 would therefore be considered affordable for annual household incomes greater than $37,320 (12 months x 3.333 x $933).

Rent % Affordability
Above $500 75.8%
Above $700 65.5%
Above $1,100 39.7%
Above $1,500 29.0%
Above $1,900 17.9%
HOUSEHOLD INCOME RANGE

Approximately 415 of households in this neighborhood have a total annual income of $37,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $933 per month.

MINIMUM INCOME RANGE : $37,320

Income % Distribution
<$20K 24.2%
$20K-$35K 22.0%
$35K-$60K 24.7%
$60K-$100K 19.3%
>=$100K 9.7%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 32% 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 3.7%
5-9 mins 4.0%
10-14 mins 24.6%
15-19 mins 29.4%
20-29 mins 17.8%
30-44 mins 12.4%
45-59 mins 2.3%
>60 mins 5.8%

MARBLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 14.5%
Construction 6.8%
Educational Services 6.9%
Health Care & Social Assistance 13.5%
Manufacturing 16.7%
Retail & Wholesale Trader 13.9%
Other 27.8%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 28% is 24 or younger and 26% is 65 or older.

Age % Distribution
<15 18.2%
15-19 5.6%
20-24 4.4%
25-44 16.6%
45-65 29.5%
66+ 25.7%
OCCUPATION

Occupation % Distribution
Healthcare 12.2%
Management, Business, & Financial 17.3%
Natural Resources Maintenance 12.9%
PCare 8.4%
Production & Transportation 17.0%
Sales & Office 17.0%
Other 15.2%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.3%
High School 32.8%
Masters Degree 6.0%
Some College 21.9%
Some High School 17.9%
Other 11.1%

223 Old State Rd Comps

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223 Old State Rd, Marble, NC 28905 is a single family home of 1,016 sqft. HomeUnion INVESTimateĀ® for 223 Old State Rd includes a Price Estimate of $88,853 and a Rent Estimate of $933. This single family home has 3 bedrooms,2 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 12.60% and Total Return of 30.42%. The estimated 1 year forecast in home value for 223 Old State Rd is 6.09%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , CHEROKEE County , or the 28905 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 28906
  2. 28781
  3. 28902