INVESTimate
$86,850
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2489 Oregon Ave PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $177.82
CONSTRUCTION
- Beds : 3
- Floor Size : 1,599 sqft
- Baths : 2 Full
2489 Oregon Ave SCHOOLS
Financial Details
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SEASIDE
Neighborhood : SEASIDE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 70% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,785 per month.
MY RENT : $1,785 MEDIAN RENT : $1,690
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 $1,785 would therefore be considered affordable for annual household incomes greater than $71,400 (12 months x 3.333 x $1,785).
HOUSEHOLD INCOME RANGE
Approximately 936 of households in this neighborhood have a total annual income of $71,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,785 per month.
MINIMUM INCOME RANGE : $71,400
COMMUTE TIME DISTRIBUTION
30% of the working population has a commute time of 15 to 44 minutes, 61% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.
SEASIDE Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 5.7% |
| Arts & Entertainment | 15.6% |
| Construction | 7.3% |
| Health Care & Social Assistance | 10.5% |
| Real Estate | 7.2% |
| Retail & Wholesale Trader | 21.7% |
| Other | 32.0% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 29% is 24 or younger and 21% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 15.2% |
| 15-19 | 5.9% |
| 20-24 | 8.0% |
| 25-44 | 22.4% |
| 45-65 | 27.3% |
| 66+ | 21.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 6.3% |
| Education | 7.0% |
| Management, Business, & Financial | 16.2% |
| Natural Resources Maintenance | 12.8% |
| Production & Transportation | 8.6% |
| Sales & Office | 29.3% |
| Other | 19.7% |
HIGHEST EDUCATION LEVEL
18% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.8% |
| High School | 24.9% |
| Masters Degree | 5.9% |
| Some College | 33.4% |
| Some High School | 9.9% |
| Other | 16.2% |
2489 Oregon Ave Comps
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2489 Oregon Ave, Seaside, OR 97138 is a single family home of 1,599 sqft. HomeUnion INVESTimateĀ® for 2489 Oregon Ave includes a Price Estimate of $284,338 and a Rent Estimate of $1,785. This single family home has 3 bedrooms,2 bathrooms, and was built in 2002. This property has an estimated 15 year annualized Yield of 7.53% and Total Return of 22.73%. The estimated 1 year forecast in home value for 2489 Oregon Ave is 5.02%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OR , CLATSOP County , or the 97138 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
