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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

235 Paine Rd Abington, CT 06230

4 Beds 3 Baths 2,536 sqft Built 2004
Last updated:  Jan 23, 2020

INVESTimate

$350,137

$321K - $380K

Price Est.

$2,367

$2.1K - $2.6K

Rent Est.

$366,944  ( +4.8%)   1 YR EST. FORECAST
  
  
  

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235 Paine Rd PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $138.07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,536 sqft
  • Baths : 2 Full 1 Half

235 Paine Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
POMFRET COMMUNITY SCHOOL Primary Regular 471 44 7
POMFRET COMMUNITY SCHOOL Middle Regular 471 44 7

POMFRET COMMUNITY SCHOOL

  • Education Level: Primary
  • # of students: 471
  • # of teachers: 44
7
GreatSchools Rating

POMFRET COMMUNITY SCHOOL

  • Education Level: Middle
  • # of students: 471
  • # of teachers: 44
7
GreatSchools Rating
 

Financial Details

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Neighborhood

ABINGTON

  • 165

    POPULATION
  • 67

    HOUSEHOLDS
  • 68.1%

    WHITE COLLAR

Neighborhood : ABINGTON

HOUSEHOLDS
67
POPULATION

165

7.8%Renters
92.2%Home Owners
LABOR FORCE

 

68.1%White Collar
31.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,367 per month.

MY RENT : $2,367 MEDIAN RENT : $1,759

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 26.0%
>=$1,500 74.0%
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 $2,367 would therefore be considered affordable for annual household incomes greater than $94,680 (12 months x 3.333 x $2,367).

Rent % Affordability
Above $500 92.5%
Above $700 89.9%
Above $1,100 74.0%
Above $1,500 56.7%
Above $1,900 51.8%
HOUSEHOLD INCOME RANGE

Approximately 28 of households in this neighborhood have a total annual income of $94,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,367 per month.

MINIMUM INCOME RANGE : $94,680

Income % Distribution
<$20K 7.5%
$20K-$35K 10.4%
$35K-$60K 25.4%
$60K-$100K 16.4%
>=$100K 40.3%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.7%
5-9 mins 9.8%
10-14 mins 6.1%
15-19 mins 23.2%
20-29 mins 19.5%
30-44 mins 23.2%
45-59 mins 8.5%
>60 mins 6.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,367 per month.

MY RENT : $2,367 MEDIAN RENT : $1,759

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 26.0%
>=$1,500 74.0%
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 $2,367 would therefore be considered affordable for annual household incomes greater than $94,680 (12 months x 3.333 x $2,367).

Rent % Affordability
Above $500 92.5%
Above $700 89.9%
Above $1,100 74.0%
Above $1,500 56.7%
Above $1,900 51.8%
HOUSEHOLD INCOME RANGE

Approximately 28 of households in this neighborhood have a total annual income of $94,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,367 per month.

MINIMUM INCOME RANGE : $94,680

Income % Distribution
<$20K 7.5%
$20K-$35K 10.4%
$35K-$60K 25.4%
$60K-$100K 16.4%
>=$100K 40.3%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.7%
5-9 mins 9.8%
10-14 mins 6.1%
15-19 mins 23.2%
20-29 mins 19.5%
30-44 mins 23.2%
45-59 mins 8.5%
>60 mins 6.1%

ABINGTON Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.5%
Educational Services 18.5%
Health Care & Social Assistance 10.9%
Manufacturing 15.2%
Professional & Scientific Tech Services 9.8%
Retail & Wholesale Trader 12.0%
Other 27.2%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 27% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 17.6%
15-19 2.4%
20-24 7.3%
25-44 21.2%
45-65 35.2%
66+ 16.4%
OCCUPATION

Occupation % Distribution
Construction 5.3%
Healthcare 6.6%
Management, Business, & Financial 32.9%
Natural Resources Maintenance 13.2%
Production & Transportation 13.2%
Sales & Office 15.8%
Other 13.2%
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 6.6%
High School 26.2%
Masters Degree 12.3%
Some College 19.7%
Some High School 9.0%
Other 26.2%

235 Paine Rd Comps

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235 Paine Rd, Abington, CT 06230 is a single family home of 2,536 sqft. HomeUnion INVESTimateĀ® for 235 Paine Rd includes a Price Estimate of $350,137 and a Rent Estimate of $2,367. This single family home has 4 bedrooms,3 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 8.11% and Total Return of 15.56%. The estimated 1 year forecast in home value for 235 Paine Rd is 4.8%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CT , WINDHAM County , or the 06230 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 06259
  2. 06247
  3. 06242