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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

242 Bean Creek Rd Berry Creek, CA 95916

1 Beds 1 Baths 832 sqft Built 1994
Last updated:  Jan 23, 2020

INVESTimate

$165,499

$141K - $190K

Price Est.

$922

860 - 984

Rent Est.

$178,077  ( +7.6%)   1 YR EST. FORECAST
  
  
  

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242 Bean Creek Rd PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $198.92
CONSTRUCTION
  • Beds : 1
  • Floor Size : 832 sqft
  • Baths : 1 Full

242 Bean Creek Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAS PLUMAS HIGH SCHOOL High Regular 1,263 52 NA

LAS PLUMAS HIGH SCHOOL

  • Education Level: High
  • # of students: 1,263
  • # of teachers: 52
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

BERRY CREEK

  • 1,303

    POPULATION
  • 573

    HOUSEHOLDS
  • 54.3%

    WHITE COLLAR

Neighborhood : BERRY CREEK

HOUSEHOLDS
573
POPULATION

1,303

19.1%Renters
80.9%Home Owners
LABOR FORCE

 

54.3%White Collar
45.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 72% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $922 per month.

MY RENT : $922 MEDIAN RENT : $1,011

Rent % Distribution LEVEL
$500-699 0.2%
$700-899 21.8%
$900-999 26.4%
$1,000-1,499 41.8%
>=$1,500 9.7%
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 $922 would therefore be considered affordable for annual household incomes greater than $36,880 (12 months x 3.333 x $922).

Rent % Affordability
Above $500 71.9%
Above $700 59.3%
Above $1,100 36.4%
Above $1,500 19.6%
Above $1,900 15.7%
HOUSEHOLD INCOME RANGE

Approximately 179 of households in this neighborhood have a total annual income of $36,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $922 per month.

MINIMUM INCOME RANGE : $36,880

Income % Distribution
<$20K 28.1%
$20K-$35K 22.6%
$35K-$60K 29.7%
$60K-$100K 9.5%
>=$100K 10.1%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.0%
5-9 mins 9.7%
10-14 mins 2.3%
15-19 mins 4.3%
20-29 mins 19.7%
30-44 mins 31.1%
45-59 mins 10.7%
>60 mins 18.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 72% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $922 per month.

MY RENT : $922 MEDIAN RENT : $1,011

Rent % Distribution
$500-699 0.2%
$700-899 21.8%
$900-999 26.4%
$1,000-1,499 41.8%
>=$1,500 9.7%
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 $922 would therefore be considered affordable for annual household incomes greater than $36,880 (12 months x 3.333 x $922).

Rent % Affordability
Above $500 71.9%
Above $700 59.3%
Above $1,100 36.4%
Above $1,500 19.6%
Above $1,900 15.7%
HOUSEHOLD INCOME RANGE

Approximately 179 of households in this neighborhood have a total annual income of $36,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $922 per month.

MINIMUM INCOME RANGE : $36,880

Income % Distribution
<$20K 28.1%
$20K-$35K 22.6%
$35K-$60K 29.7%
$60K-$100K 9.5%
>=$100K 10.1%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.0%
5-9 mins 9.7%
10-14 mins 2.3%
15-19 mins 4.3%
20-29 mins 19.7%
30-44 mins 31.1%
45-59 mins 10.7%
>60 mins 18.1%

BERRY CREEK Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.0%
Construction 11.9%
Educational Services 7.9%
Health Care & Social Assistance 16.1%
Professional & Scientific Tech Services 8.2%
Transportation 7.6%
Other 39.3%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 15% is 24 or younger and 29% is 65 or older.

Age % Distribution
<15 7.3%
15-19 3.9%
20-24 3.7%
25-44 19.1%
45-65 37.1%
66+ 28.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.1%
Healthcare 6.1%
Management, Business, & Financial 17.6%
Natural Resources Maintenance 9.5%
Production & Transportation 15.5%
Sales & Office 25.0%
Other 20.3%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.0%
High School 37.0%
Masters Degree 3.2%
Some College 26.6%
Some High School 15.0%
Other 8.2%

242 Bean Creek Rd Comps

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242 Bean Creek Rd, Berry Creek, CA 95916 is a single family home of 832 sqft. HomeUnion INVESTimateĀ® for 242 Bean Creek Rd includes a Price Estimate of $165,499 and a Rent Estimate of $922. This single family home has 1 bedrooms,1 bathrooms, and was built in 1994. This property has an estimated 15 year annualized Yield of 6.69% and Total Return of 22.29%. The estimated 1 year forecast in home value for 242 Bean Creek Rd is 7.6%.

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