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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 W Harvard Ave Anchorage, AK 99501

2 Beds 1 Baths 970 sqft Built 1959
Last updated:  May 30, 2018

INVESTimate

$258,116

$219K - $297K

Price Est.

$1,656

$1.5K - $1.8K

Rent Est.

$268,415  ( +3.99%)   1 YR EST. FORECAST
  
  
  

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223 W Harvard Ave PROPERTY INFO

FACTS
  • Built In 1959
  • Price/Sqft : $266.10
CONSTRUCTION
  • Beds : 2
  • Floor Size : 970 sqft
  • Baths : 1 Full

223 W Harvard Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GOVERNMENT HILL ELEMENTARY SCHOOL Primary Regular 481 27 7
GOVERNMENT HILL ELEMENTARY SCHOOL Middle Regular 481 27 7
WEST HIGH SCHOOL High Regular 1,840 85 6

GOVERNMENT HILL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 27
7
GreatSchools Rating

GOVERNMENT HILL ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 481
  • # of teachers: 27
7
GreatSchools Rating

WEST HIGH SCHOOL

  • Education Level: High
  • # of students: 1,840
  • # of teachers: 85
6
GreatSchools Rating
 

Financial Details

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Neighborhood

West Government Hill

  • 51

    POPULATION
  • 25

    HOUSEHOLDS
  • 73.4%

    WHITE COLLAR

Neighborhood : West Government Hill

HOUSEHOLDS
25
POPULATION

51

40.0%Renters
60.0%Home Owners
LABOR FORCE

 

73.4%White Collar
26.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 94% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,656 per month.

MY RENT : $1,656 MEDIAN RENT : $2,229

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 6.1%
>=$1,500 93.9%
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 $1,656 would therefore be considered affordable for annual household incomes greater than $66,240 (12 months x 3.333 x $1,656).

Rent % Affordability
Above $500 94.7%
Above $700 89.5%
Above $1,100 84.2%
Above $1,500 78.9%
Above $1,900 73.1%
HOUSEHOLD INCOME RANGE

Approximately 12 of households in this neighborhood have a total annual income of $66,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,656 per month.

MINIMUM INCOME RANGE : $66,240

Income % Distribution
<$20K 5.3%
$20K-$35K 5.3%
$35K-$60K 10.5%
$60K-$100K 21.1%
>=$100K 57.9%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 0% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 17.2%
10-14 mins 20.7%
15-19 mins 27.6%
20-29 mins 27.6%
30-44 mins 3.4%
45-59 mins 0.0%
>60 mins 0.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 94% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,656 per month.

MY RENT : $1,656 MEDIAN RENT : $2,229

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 6.1%
>=$1,500 93.9%
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 $1,656 would therefore be considered affordable for annual household incomes greater than $66,240 (12 months x 3.333 x $1,656).

Rent % Affordability
Above $500 94.7%
Above $700 89.5%
Above $1,100 84.2%
Above $1,500 78.9%
Above $1,900 73.1%
HOUSEHOLD INCOME RANGE

Approximately 12 of households in this neighborhood have a total annual income of $66,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,656 per month.

MINIMUM INCOME RANGE : $66,240

Income % Distribution
<$20K 5.3%
$20K-$35K 5.3%
$35K-$60K 10.5%
$60K-$100K 21.1%
>=$100K 57.9%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 0% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 17.2%
10-14 mins 20.7%
15-19 mins 27.6%
20-29 mins 27.6%
30-44 mins 3.4%
45-59 mins 0.0%
>60 mins 0.0%

West Government Hill Demographics

INDUSTRY

Industry % Distribution
Administrative Support 10.0%
Arts & Entertainment 16.7%
Educational Services 16.7%
Health Care & Social Assistance 10.0%
Professional & Scientific Tech Services 13.3%
Transportation 13.3%
Other 20.0%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 25% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 19.6%
15-19 2.0%
20-24 3.9%
25-44 23.5%
45-65 35.3%
66+ 15.7%
OCCUPATION

Occupation % Distribution
Adesm 10.0%
Computer Engineering 10.0%
Construction 10.0%
Management, Business, & Financial 25.0%
Protect 10.0%
Sales & Office 10.0%
Other 25.0%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.0%
High School 23.3%
Masters Degree 7.0%
Some College 16.3%
Some High School 4.7%
Other 41.9%

223 W Harvard Ave Comps

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223 W Harvard Ave, Anchorage, AK 99501 is a single family home of 970 sqft. HomeUnion INVESTimate® for 223 W Harvard Ave includes a Price Estimate of $258,116 and a Rent Estimate of $1,656. This single family home has 2 bedrooms,1 bathrooms, and was built in 1959. This property has an estimated 15 year annualized Yield of 7.70% and Total Return of 13.14%. The estimated 1 year forecast in home value for 223 W Harvard Ave 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