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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

228 E Fairground Ave Troy, NC 27371

2 Beds 1 Baths 1,061 sqft Built 1950
Last updated:  Jan 23, 2020

INVESTimate

$144,965

$132K - $158K

Price Est.

$688

601 - 775

Rent Est.

$147,081  ( +1.46%)   1 YR EST. FORECAST
  
  
  

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228 E Fairground Ave PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $136.63
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,061 sqft
  • Baths : 1 Full

228 E Fairground Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PAGE STREET ELEMENTARY SCHOOL Primary Regular 303 20 NA
WEST MIDDLE SCHOOL Middle Regular 505 30 NA
WEST MONTGOMERY HIGH SCHOOL High Regular 565 41 NA

PAGE STREET ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 303
  • # of teachers: 20
-1
GreatSchools Rating

WEST MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 505
  • # of teachers: 30
-1
GreatSchools Rating

WEST MONTGOMERY HIGH SCHOOL

  • Education Level: High
  • # of students: 565
  • # of teachers: 41
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

TROY

  • 8,480

    POPULATION
  • 3,212

    HOUSEHOLDS
  • 44.8%

    WHITE COLLAR

Neighborhood : TROY

HOUSEHOLDS
3,212
POPULATION

8,480

33.7%Renters
66.3%Home Owners
LABOR FORCE

 

44.8%White Collar
55.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $688 per month.

MY RENT : $688 MEDIAN RENT : $755

Rent % Distribution LEVEL
$500-699 8.5%
$700-899 60.7%
$900-999 13.9%
$1,000-1,499 14.9%
>=$1,500 2.0%
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 $688 would therefore be considered affordable for annual household incomes greater than $27,520 (12 months x 3.333 x $688).

Rent % Affordability
Above $500 73.5%
Above $700 62.5%
Above $1,100 49.4%
Above $1,500 32.3%
Above $1,900 21.0%
HOUSEHOLD INCOME RANGE

Approximately 6,911 of households in this neighborhood have a total annual income of $27,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $688 per month.

MINIMUM INCOME RANGE : $27,520

Income % Distribution
<$20K 26.5%
$20K-$35K 17.3%
$35K-$60K 24.0%
$60K-$100K 18.0%
>=$100K 14.3%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.9%
5-9 mins 17.4%
10-14 mins 16.8%
15-19 mins 16.4%
20-29 mins 15.7%
30-44 mins 15.5%
45-59 mins 5.0%
>60 mins 9.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $688 per month.

MY RENT : $688 MEDIAN RENT : $755

Rent % Distribution
$500-699 8.5%
$700-899 60.7%
$900-999 13.9%
$1,000-1,499 14.9%
>=$1,500 2.0%
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 $688 would therefore be considered affordable for annual household incomes greater than $27,520 (12 months x 3.333 x $688).

Rent % Affordability
Above $500 73.5%
Above $700 62.5%
Above $1,100 49.4%
Above $1,500 32.3%
Above $1,900 21.0%
HOUSEHOLD INCOME RANGE

Approximately 6,911 of households in this neighborhood have a total annual income of $27,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $688 per month.

MINIMUM INCOME RANGE : $27,520

Income % Distribution
<$20K 26.5%
$20K-$35K 17.3%
$35K-$60K 24.0%
$60K-$100K 18.0%
>=$100K 14.3%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.9%
5-9 mins 17.4%
10-14 mins 16.8%
15-19 mins 16.4%
20-29 mins 15.7%
30-44 mins 15.5%
45-59 mins 5.0%
>60 mins 9.2%

TROY Demographics

INDUSTRY

Industry % Distribution
Construction 9.8%
Educational Services 11.0%
Health Care & Social Assistance 9.6%
Manufacturing 20.9%
Public Administration 9.1%
Retail & Wholesale Trader 11.2%
Other 28.4%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 30% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 19.3%
15-19 4.7%
20-24 6.0%
25-44 26.0%
45-65 27.7%
66+ 16.3%
OCCUPATION

Occupation % Distribution
Construction 7.1%
Management, Business, & Financial 12.2%
Natural Resources Maintenance 15.0%
Production & Transportation 22.1%
Protect 7.1%
Sales & Office 15.8%
Other 20.8%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.7%
High School 33.5%
Masters Degree 2.5%
Some College 27.4%
Some High School 15.9%
Other 13.0%

228 E Fairground Ave Comps

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228 E Fairground Ave, Troy, NC 27371 is a single family home of 1,061 sqft. HomeUnion INVESTimateĀ® for 228 E Fairground Ave includes a Price Estimate of $144,965 and a Rent Estimate of $688. This single family home has 2 bedrooms,1 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 5.70% and Total Return of 11.85%. The estimated 1 year forecast in home value for 228 E Fairground Ave is 1.46%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , MONTGOMERY County , or the 27371 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 27341
  2. 27356
  3. 27306
  4. 27229