INVESTimate
$49,204
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237 E Fairground Ave PROPERTY INFO
FACTS
- Built In 1968
- Price/Sqft : $108.78
CONSTRUCTION
- Beds : 3
- Floor Size : 1,308 sqft
- Baths : 1 Full
237 E Fairground Ave SCHOOLS
Financial Details
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TROY
Neighborhood : TROY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 66% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $784 per month.
MY RENT : $784 MEDIAN RENT : $755
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 $784 would therefore be considered affordable for annual household incomes greater than $31,360 (12 months x 3.333 x $784).
HOUSEHOLD INCOME RANGE
Approximately 6,851 of households in this neighborhood have a total annual income of $31,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $784 per month.
MINIMUM INCOME RANGE : $31,360
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.
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% |
237 E Fairground Ave Comps
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237 E Fairground Ave, Troy, NC 27371 is a single family home of 1,308 sqft. HomeUnion INVESTimateĀ® for 237 E Fairground Ave includes a Price Estimate of $142,280 and a Rent Estimate of $784. This single family home has 3 bedrooms,1 bathrooms, and was built in 1968. This property has an estimated 15 year annualized Yield of 6.61% and Total Return of 13.85%. The estimated 1 year forecast in home value for 237 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
