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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

24 Deer Run Rd Spruce Head, ME 04859

3 Beds 2 Baths 240 sqft Built 1997
Last updated:  Dec 26, 2019

INVESTimate

$256,296

$231K - $282K

Price Est.

$1,297

$1.1K - $1.5K

Rent Est.

$268,547  ( +4.78%)   1 YR EST. FORECAST
  
  
  

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24 Deer Run Rd PROPERTY INFO

FACTS
  • Built In 1997
  • Price/Sqft : $1,067.90
CONSTRUCTION
  • Beds : 3
  • Floor Size : 240 sqft
  • Baths : 2 Full

24 Deer Run Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ST GEORGE SCHOOL Primary Regular 190 18 NA
ST GEORGE SCHOOL Middle Regular 190 18 NA
OCEANSIDE HIGH SCHOOL EAST High Regular 42 NA

ST GEORGE SCHOOL

  • Education Level: Primary
  • # of students: 190
  • # of teachers: 18
-1
GreatSchools Rating

ST GEORGE SCHOOL

  • Education Level: Middle
  • # of students: 190
  • # of teachers: 18
-1
GreatSchools Rating

OCEANSIDE HIGH SCHOOL EAST

  • Education Level: High
  • # of students: 0
  • # of teachers: 42
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

SPRUCE HEAD

  • 701

    POPULATION
  • 313

    HOUSEHOLDS
  • 52.8%

    WHITE COLLAR

Neighborhood : SPRUCE HEAD

HOUSEHOLDS
313
POPULATION

701

7.5%Renters
92.5%Home Owners
LABOR FORCE

 

52.8%White Collar
47.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 51% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,297 per month.

MY RENT : $1,297 MEDIAN RENT : $1,348

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 8.6%
$900-999 17.4%
$1,000-1,499 38.6%
>=$1,500 35.4%
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 $1,297 would therefore be considered affordable for annual household incomes greater than $51,880 (12 months x 3.333 x $1,297).

Rent % Affordability
Above $500 93.2%
Above $700 90.0%
Above $1,100 58.0%
Above $1,500 36.3%
Above $1,900 21.9%
HOUSEHOLD INCOME RANGE

Approximately 129 of households in this neighborhood have a total annual income of $51,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,297 per month.

MINIMUM INCOME RANGE : $51,880

Income % Distribution
<$20K 6.8%
$20K-$35K 19.0%
$35K-$60K 37.9%
$60K-$100K 14.5%
>=$100K 21.9%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.3%
5-9 mins 10.0%
10-14 mins 16.3%
15-19 mins 25.4%
20-29 mins 33.7%
30-44 mins 6.3%
45-59 mins 0.0%
>60 mins 2.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 51% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,297 per month.

MY RENT : $1,297 MEDIAN RENT : $1,348

Rent % Distribution
$500-699 0.0%
$700-899 8.6%
$900-999 17.4%
$1,000-1,499 38.6%
>=$1,500 35.4%
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 $1,297 would therefore be considered affordable for annual household incomes greater than $51,880 (12 months x 3.333 x $1,297).

Rent % Affordability
Above $500 93.2%
Above $700 90.0%
Above $1,100 58.0%
Above $1,500 36.3%
Above $1,900 21.9%
HOUSEHOLD INCOME RANGE

Approximately 129 of households in this neighborhood have a total annual income of $51,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,297 per month.

MINIMUM INCOME RANGE : $51,880

Income % Distribution
<$20K 6.8%
$20K-$35K 19.0%
$35K-$60K 37.9%
$60K-$100K 14.5%
>=$100K 21.9%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.3%
5-9 mins 10.0%
10-14 mins 16.3%
15-19 mins 25.4%
20-29 mins 33.7%
30-44 mins 6.3%
45-59 mins 0.0%
>60 mins 2.0%

SPRUCE HEAD Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 23.3%
Arts & Entertainment 6.5%
Construction 11.0%
Health Care & Social Assistance 17.3%
Manufacturing 16.3%
Retail & Wholesale Trader 7.2%
Other 18.5%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 32% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 20.8%
15-19 2.7%
20-24 8.1%
25-44 18.7%
45-65 32.2%
66+ 17.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 10.0%
Management, Business, & Financial 19.5%
Natural Resources Maintenance 28.0%
PCare 11.1%
Production & Transportation 8.0%
Sales & Office 16.9%
Other 6.5%
HIGHEST EDUCATION LEVEL

24% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.0%
Doctorate 4.2%
High School 33.9%
Masters Degree 6.9%
Some College 21.5%
Other 20.5%

24 Deer Run Rd Comps

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24 Deer Run Rd, Spruce Head, ME 04859 is a single family home of 240 sqft. HomeUnion INVESTimateĀ® for 24 Deer Run Rd includes a Price Estimate of $256,296 and a Rent Estimate of $1,297. This single family home has 3 bedrooms,2 bathrooms, and was built in 1997. This property has an estimated 15 year annualized Yield of 6.07% and Total Return of 16.33%. The estimated 1 year forecast in home value for 24 Deer Run Rd is 4.78%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in ME , KNOX County , or the 04859 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 04860
  2. 04858
  3. 04563