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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

240 N Carolina Dr West Jefferson, NC 28694

0 Beds 0 Baths 800 sqft Built 1964
Last updated:  Jan 23, 2020

INVESTimate

$141,416

$127K - $156K

Price Est.

$818

714 - 922

Rent Est.

$147,907  ( +4.59%)   1 YR EST. FORECAST
  
  
  

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240 N Carolina Dr PROPERTY INFO

FACTS
  • Built In 1964
  • Price/Sqft : $176.77
CONSTRUCTION
  • Beds : 0
  • Floor Size : 800 sqft
  • Baths : 0 Full

240 N Carolina Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ASHE COUNTY HIGH SCHOOL High Regular 905 65 6

ASHE COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 905
  • # of teachers: 65
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Blue Ridge Manor-Nikanor

  • 68

    POPULATION
  • 29

    HOUSEHOLDS
  • 63.4%

    WHITE COLLAR

Neighborhood : Blue Ridge Manor-Nikanor

HOUSEHOLDS
29
POPULATION

68

35.1%Renters
64.9%Home Owners
LABOR FORCE

 

63.4%White Collar
36.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $818 per month.

MY RENT : $818 MEDIAN RENT : $983

Rent % Distribution LEVEL
$500-699 0.4%
$700-899 13.9%
$900-999 82.8%
$1,000-1,499 2.8%
>=$1,500 0.0%
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 $818 would therefore be considered affordable for annual household incomes greater than $32,720 (12 months x 3.333 x $818).

Rent % Affordability
Above $500 70.4%
Above $700 60.0%
Above $1,100 34.1%
Above $1,500 29.6%
Above $1,900 18.2%
HOUSEHOLD INCOME RANGE

Approximately 67 of households in this neighborhood have a total annual income of $32,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $818 per month.

MINIMUM INCOME RANGE : $32,720

Income % Distribution
<$20K 29.6%
$20K-$35K 22.2%
$35K-$60K 18.5%
$60K-$100K 18.5%
>=$100K 11.1%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 54% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 21.4%
10-14 mins 32.1%
15-19 mins 25.0%
20-29 mins 0.0%
30-44 mins 10.7%
45-59 mins 3.6%
>60 mins 7.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $818 per month.

MY RENT : $818 MEDIAN RENT : $983

Rent % Distribution
$500-699 0.4%
$700-899 13.9%
$900-999 82.8%
$1,000-1,499 2.8%
>=$1,500 0.0%
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 $818 would therefore be considered affordable for annual household incomes greater than $32,720 (12 months x 3.333 x $818).

Rent % Affordability
Above $500 70.4%
Above $700 60.0%
Above $1,100 34.1%
Above $1,500 29.6%
Above $1,900 18.2%
HOUSEHOLD INCOME RANGE

Approximately 67 of households in this neighborhood have a total annual income of $32,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $818 per month.

MINIMUM INCOME RANGE : $32,720

Income % Distribution
<$20K 29.6%
$20K-$35K 22.2%
$35K-$60K 18.5%
$60K-$100K 18.5%
>=$100K 11.1%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 54% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 21.4%
10-14 mins 32.1%
15-19 mins 25.0%
20-29 mins 0.0%
30-44 mins 10.7%
45-59 mins 3.6%
>60 mins 7.1%

Blue Ridge Manor-Nikanor Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.1%
Educational Services 11.1%
Health Care & Social Assistance 14.8%
Information 11.1%
Manufacturing 14.8%
Retail & Wholesale Trader 11.1%
Other 25.9%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 28% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 14.7%
15-19 7.4%
20-24 5.9%
25-44 23.5%
45-65 26.5%
66+ 22.1%
OCCUPATION

Occupation % Distribution
Construction 15.0%
Management, Business, & Financial 30.0%
Production & Transportation 15.0%
Protect 5.0%
Sales & Office 15.0%
Social 5.0%
Other 15.0%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 14.0%
High School 22.0%
Masters Degree 6.0%
Some College 28.0%
Some High School 18.0%
Other 12.0%

240 N Carolina Dr Comps

Sorry, we do not have sufficient data available.

240 N Carolina Dr, West Jefferson, NC 28694 is a single family home of 800 sqft. HomeUnion INVESTimateĀ® for 240 N Carolina Dr includes a Price Estimate of $141,416 and a Rent Estimate of $818. This single family home has 0 bedrooms,0 bathrooms, and was built in 1964. This property has an estimated 15 year annualized Yield of 6.94% and Total Return of 18.31%. The estimated 1 year forecast in home value for 240 N Carolina Dr is 4.59%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , ASHE County , or the 28694 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 28617
  2. 28693
  3. 28640