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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

2490 N Parsons Ave Merced, CA 95340

3 Beds 2 Baths 1,275 sqft Built 1961
Last updated:  Jul 30, 2018

INVESTimate

$158,711

$145K - $172K

Price Est.

$1,191

$1.1K - $1.3K

Rent Est.

$174,090  ( +9.69%)   1 YR EST. FORECAST

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  24. 2573 N Parsons Ave
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  81. 3286 N Parsons Ave
  82. 3300 N Parsons Ave
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  84. 3334 N Parsons Ave
  85. 3350 N Parsons Ave
  
  
  

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2490 N Parsons Ave PROPERTY INFO

FACTS
  • Built In 1961
  • Price/Sqft : $124.48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,275 sqft
  • Baths : 2 Full

2490 N Parsons Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ADA GIVENS ELEMENTARY SCHOOL Primary Regular 460 19 3
HERBERT HOOVER MIDDLE SCHOOL Middle Regular 904 32 2
GOLDEN VALLEY HIGH SCHOOL High Regular 2,146 89 6

ADA GIVENS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 460
  • # of teachers: 19
3
GreatSchools Rating

HERBERT HOOVER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 904
  • # of teachers: 32
2
GreatSchools Rating

GOLDEN VALLEY HIGH SCHOOL

  • Education Level: High
  • # of students: 2,146
  • # of teachers: 89
6
GreatSchools Rating
 

Financial Details

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Neighborhood

MERCED

  • 34,511

    POPULATION
  • 11,577

    HOUSEHOLDS
  • 62.1%

    WHITE COLLAR

Neighborhood : MERCED

HOUSEHOLDS
11,577
POPULATION

34,511

50.0%Renters
50.0%Home Owners
LABOR FORCE

 

62.1%White Collar
37.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 68% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,191 per month.

MY RENT : $1,191 MEDIAN RENT : $1,384

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 5.3%
$900-999 4.3%
$1,000-1,499 57.9%
>=$1,500 32.5%
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 $1,191 would therefore be considered affordable for annual household incomes greater than $47,640 (12 months x 3.333 x $1,191).

Rent % Affordability
Above $500 77.8%
Above $700 69.8%
Above $1,100 55.7%
Above $1,500 44.0%
Above $1,900 32.6%
HOUSEHOLD INCOME RANGE

Approximately 5,579 of households in this neighborhood have a total annual income of $47,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,191 per month.

MINIMUM INCOME RANGE : $47,640

Income % Distribution
<$20K 22.2%
$20K-$35K 13.4%
$35K-$60K 20.3%
$60K-$100K 21.3%
>=$100K 22.7%
COMMUTE TIME DISTRIBUTION

41% of the working population has a commute time of 15 to 44 minutes, 48% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.9%
5-9 mins 17.8%
10-14 mins 24.2%
15-19 mins 18.7%
20-29 mins 11.7%
30-44 mins 10.2%
45-59 mins 3.2%
>60 mins 8.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 68% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,191 per month.

MY RENT : $1,191 MEDIAN RENT : $1,384

Rent % Distribution
$500-699 0.0%
$700-899 5.3%
$900-999 4.3%
$1,000-1,499 57.9%
>=$1,500 32.5%
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 $1,191 would therefore be considered affordable for annual household incomes greater than $47,640 (12 months x 3.333 x $1,191).

Rent % Affordability
Above $500 77.8%
Above $700 69.8%
Above $1,100 55.7%
Above $1,500 44.0%
Above $1,900 32.6%
HOUSEHOLD INCOME RANGE

Approximately 5,579 of households in this neighborhood have a total annual income of $47,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,191 per month.

MINIMUM INCOME RANGE : $47,640

Income % Distribution
<$20K 22.2%
$20K-$35K 13.4%
$35K-$60K 20.3%
$60K-$100K 21.3%
>=$100K 22.7%
COMMUTE TIME DISTRIBUTION

41% of the working population has a commute time of 15 to 44 minutes, 48% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.9%
5-9 mins 17.8%
10-14 mins 24.2%
15-19 mins 18.7%
20-29 mins 11.7%
30-44 mins 10.2%
45-59 mins 3.2%
>60 mins 8.3%

MERCED Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.7%
Construction 6.7%
Educational Services 18.4%
Health Care & Social Assistance 12.7%
Manufacturing 7.4%
Retail & Wholesale Trader 14.5%
Other 32.5%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 40% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 21.2%
15-19 10.3%
20-24 8.5%
25-44 25.1%
45-65 22.4%
66+ 12.5%
OCCUPATION

Occupation % Distribution
Construction 9.8%
Healthcare 6.3%
Management, Business, & Financial 13.2%
Natural Resources Maintenance 12.8%
Production & Transportation 12.2%
Sales & Office 22.2%
Other 23.5%
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 10.5%
High School 23.0%
Masters Degree 6.5%
Some College 26.9%
Some High School 16.0%
Other 17.1%

2490 N Parsons Ave Comps

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2490 N Parsons Ave, Merced, CA 95340 is a single family home of 1,275 sqft. HomeUnion INVESTimate® for 2490 N Parsons Ave includes a Price Estimate of $158,711 and a Rent Estimate of $1,191. This single family home has 3 bedrooms,2 bathrooms, and was built in 1961. This property has an estimated 15 year annualized Yield of 9.01% and Total Return of 32.47%. The estimated 1 year forecast in home value for 2490 N Parsons Ave is 9.69%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA, MERCED County, or the 95340 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2