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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

2500 Wright Ave Fayetteville, AR 72704

0 Beds 3 Baths 2,180 sqft Built 2003
Last updated:  Jan 23, 2020

INVESTimate

$298,801

$280K - $317K

Price Est.

$1,561

$1.5K - $1.6K

Rent Est.

$311,500  ( +4.25%)   1 YR EST. FORECAST
  
  
  

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2500 Wright Ave PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $137.06
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,180 sqft
  • Baths : 2 Full 1 Half

2500 Wright Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SHAW ELEMENTARY SCHOOL Primary Regular 535 31 8
HELLSTERN MIDDLE SCHOOL Middle Regular 871 55 9
CENTRAL JUNIOR HIGH SCHOOL High Regular 896 49 8

SHAW ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 31
8
GreatSchools Rating

HELLSTERN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 871
  • # of teachers: 55
9
GreatSchools Rating

CENTRAL JUNIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 896
  • # of teachers: 49
8
GreatSchools Rating
 

Financial Details

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Neighborhood

FAYETTEVILLE

  • 24,319

    POPULATION
  • 9,669

    HOUSEHOLDS
  • 77.1%

    WHITE COLLAR

Neighborhood : FAYETTEVILLE

HOUSEHOLDS
9,669
POPULATION

24,319

41.8%Renters
58.2%Home Owners
LABOR FORCE

 

77.1%White Collar
22.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 38% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,561 per month.

MY RENT : $1,561 MEDIAN RENT : $1,387

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.1%
$900-999 5.7%
$1,000-1,499 55.6%
>=$1,500 37.6%
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 $1,561 would therefore be considered affordable for annual household incomes greater than $62,440 (12 months x 3.333 x $1,561).

Rent % Affordability
Above $500 87.8%
Above $700 78.6%
Above $1,100 65.2%
Above $1,500 50.2%
Above $1,900 39.4%
HOUSEHOLD INCOME RANGE

Approximately 3,272 of households in this neighborhood have a total annual income of $62,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,561 per month.

MINIMUM INCOME RANGE : $62,440

Income % Distribution
<$20K 12.2%
$20K-$35K 14.4%
$35K-$60K 23.2%
$60K-$100K 26.2%
>=$100K 24.0%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 6.7%
10-14 mins 17.9%
15-19 mins 24.7%
20-29 mins 20.7%
30-44 mins 21.5%
45-59 mins 4.6%
>60 mins 2.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 38% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,561 per month.

MY RENT : $1,561 MEDIAN RENT : $1,387

Rent % Distribution
$500-699 0.0%
$700-899 1.1%
$900-999 5.7%
$1,000-1,499 55.6%
>=$1,500 37.6%
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 $1,561 would therefore be considered affordable for annual household incomes greater than $62,440 (12 months x 3.333 x $1,561).

Rent % Affordability
Above $500 87.8%
Above $700 78.6%
Above $1,100 65.2%
Above $1,500 50.2%
Above $1,900 39.4%
HOUSEHOLD INCOME RANGE

Approximately 3,272 of households in this neighborhood have a total annual income of $62,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,561 per month.

MINIMUM INCOME RANGE : $62,440

Income % Distribution
<$20K 12.2%
$20K-$35K 14.4%
$35K-$60K 23.2%
$60K-$100K 26.2%
>=$100K 24.0%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 6.7%
10-14 mins 17.9%
15-19 mins 24.7%
20-29 mins 20.7%
30-44 mins 21.5%
45-59 mins 4.6%
>60 mins 2.2%

FAYETTEVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.6%
Educational Services 15.7%
Health Care & Social Assistance 15.4%
Manufacturing 9.8%
Professional & Scientific Tech Services 10.0%
Retail & Wholesale Trader 14.8%
Other 25.9%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 39% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 22.2%
15-19 5.9%
20-24 11.3%
25-44 31.6%
45-65 19.3%
66+ 9.7%
OCCUPATION

Occupation % Distribution
Construction 9.3%
Healthcare 9.4%
Management, Business, & Financial 21.2%
Natural Resources Maintenance 6.7%
Production & Transportation 7.8%
Sales & Office 24.8%
Other 20.8%
HIGHEST EDUCATION LEVEL

26% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.2%
High School 20.2%
Masters Degree 12.0%
Some College 21.6%
Some High School 5.2%
Other 34.9%

2500 Wright Ave Comps

Sorry, we do not have sufficient data available.

2500 Wright Ave, Fayetteville, AR 72704 is a single family home of 2,180 sqft. HomeUnion INVESTimateĀ® for 2500 Wright Ave includes a Price Estimate of $298,801 and a Rent Estimate of $1,561. This single family home has 0 bedrooms,3 bathrooms, and was built in 2003. This property has an estimated 15 year annualized Yield of 6.27% and Total Return of 17.24%. The estimated 1 year forecast in home value for 2500 Wright Ave is 4.25%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AR , WASHINGTON County , or the 72704 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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