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This page contains information about each property aggregated from public data sources, 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.

234 Ridge Rd Houston, AR 72070

0 Beds 2 Baths 1,856 sqft Built 1975
Last updated:  Dec 26, 2019

INVESTimate

$65,720

$60.6K - $70.9K

Price Est.

$1,023

883 - $1.2K

Rent Est.

$66,594  ( +1.33%)   1 YR EST. FORECAST

234 Ridge Rd PROPERTY INFO

FACTS
  • Built In 1975
  • Price/Sqft : $35.41
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,856 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
234 Ridge Rd, Houston, AR 72070 is a single family home of 1,856 sqft. HomeUnion estimate for 234 Ridge Rd includes a Price Estimate of $65,720 and a Rent Estimate of $1,023. This single family home has 0 bedrooms, 2 bathrooms, and was built in 1975. This property has an estimated 15 year annualized Yield of 18.68% and Total Return of 28.34%. The estimated 1 year forecast in home value for 234 Ridge Rd is 1.33%.
  
  
  

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234 Ridge Rd SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

HOUSTON

  • 1,838

    POPULATION
  • 665

    HOUSEHOLDS
  • 60.9%

    WHITE COLLAR

Neighborhood : HOUSTON

HOUSEHOLDS
665
POPULATION

1,838

17.9%Renters
82.1%Home Owners
LABOR FORCE

 

60.9%White Collar
39.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,023 per month.

MY RENT : $1,023 MEDIAN RENT : $717

Rent % Distribution LEVEL
$400-699 42.4%
$700-899 33.6%
$900-999 7.6%
$1,000-1,499 14.6%
>=$1,500 1.8%
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 $1,023 would therefore be considered affordable for annual household incomes greater than $40,920 (12 months x 3.333 x $1,023).

Rent % Affordability
Above $500 87.1%
Above $700 76.4%
Above $1,100 50.8%
Above $1,500 41.1%
Above $1,900 23.7%
HOUSEHOLD INCOME RANGE

Approximately 323 of households in this neighborhood have a total annual income of $40,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,023 per month.

MINIMUM INCOME RANGE : $40,920

Income % Distribution
<$20K 12.9%
$20K-$35K 22.4%
$35K-$60K 23.6%
$60K-$100K 28.9%
>=$100K 12.2%
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.

Time (mins) % Distribution
<5 mins 1.2%
5-9 mins 4.0%
10-14 mins 9.1%
15-19 mins 15.4%
20-29 mins 5.2%
30-44 mins 31.2%
45-59 mins 20.2%
>60 mins 13.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,023 per month.

MY RENT : $1,023 MEDIAN RENT : $717

Rent % Distribution
$400-699 42.4%
$700-899 33.6%
$900-999 7.6%
$1,000-1,499 14.6%
>=$1,500 1.8%
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 $1,023 would therefore be considered affordable for annual household incomes greater than $40,920 (12 months x 3.333 x $1,023).

Rent % Affordability
Above $500 87.1%
Above $700 76.4%
Above $1,100 50.8%
Above $1,500 41.1%
Above $1,900 23.7%
HOUSEHOLD INCOME RANGE

Approximately 323 of households in this neighborhood have a total annual income of $40,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,023 per month.

MINIMUM INCOME RANGE : $40,920

Income % Distribution
<$20K 12.9%
$20K-$35K 22.4%
$35K-$60K 23.6%
$60K-$100K 28.9%
>=$100K 12.2%
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.

Time (mins) % Distribution
<5 mins 1.2%
5-9 mins 4.0%
10-14 mins 9.1%
15-19 mins 15.4%
20-29 mins 5.2%
30-44 mins 31.2%
45-59 mins 20.2%
>60 mins 13.6%

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%

234 Ridge Rd Comps

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