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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

26 Orchard Rd Bar Harbor, ME 04609

2 Beds 1 Baths 1,200 sqft Built 2015
Last updated:  Jan 23, 2020

INVESTimate

$196,020

$157K - $235K

Price Est.

$1,455

$1.2K - $1.7K

Rent Est.

$206,840  ( +5.52%)   1 YR EST. FORECAST
  
  
  

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26 Orchard Rd PROPERTY INFO

FACTS
  • Built In 2015
  • Price/Sqft : $163.35
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,200 sqft
  • Baths : 1 Full

26 Orchard Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CONNERS EMERSON SCHOOL Primary Regular 423 41 9
CONNERS EMERSON SCHOOL Middle Regular 423 41 9
MT DESERT ISLAND HIGH SCHOOL High Regular 529 49 8

CONNERS EMERSON SCHOOL

  • Education Level: Primary
  • # of students: 423
  • # of teachers: 41
9
GreatSchools Rating

CONNERS EMERSON SCHOOL

  • Education Level: Middle
  • # of students: 423
  • # of teachers: 41
9
GreatSchools Rating

MT DESERT ISLAND HIGH SCHOOL

  • Education Level: High
  • # of students: 529
  • # of teachers: 49
8
GreatSchools Rating
 

Financial Details

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Neighborhood

BAR HARBOR

  • 5,356

    POPULATION
  • 2,327

    HOUSEHOLDS
  • 74.7%

    WHITE COLLAR

Neighborhood : BAR HARBOR

HOUSEHOLDS
2,327
POPULATION

5,356

37.4%Renters
62.6%Home Owners
LABOR FORCE

 

74.7%White Collar
25.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 65% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,455 per month.

MY RENT : $1,455 MEDIAN RENT : $1,754

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 38.8%
>=$1,500 61.2%
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 $1,455 would therefore be considered affordable for annual household incomes greater than $58,200 (12 months x 3.333 x $1,455).

Rent % Affordability
Above $500 80.4%
Above $700 73.9%
Above $1,100 59.0%
Above $1,500 44.7%
Above $1,900 36.3%
HOUSEHOLD INCOME RANGE

Approximately 1,057 of households in this neighborhood have a total annual income of $58,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,455 per month.

MINIMUM INCOME RANGE : $58,200

Income % Distribution
<$20K 19.6%
$20K-$35K 11.9%
$35K-$60K 23.8%
$60K-$100K 21.0%
>=$100K 23.7%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 53% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.6%
5-9 mins 18.0%
10-14 mins 27.9%
15-19 mins 22.7%
20-29 mins 11.6%
30-44 mins 11.0%
45-59 mins 0.0%
>60 mins 1.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 65% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,455 per month.

MY RENT : $1,455 MEDIAN RENT : $1,754

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 38.8%
>=$1,500 61.2%
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 $1,455 would therefore be considered affordable for annual household incomes greater than $58,200 (12 months x 3.333 x $1,455).

Rent % Affordability
Above $500 80.4%
Above $700 73.9%
Above $1,100 59.0%
Above $1,500 44.7%
Above $1,900 36.3%
HOUSEHOLD INCOME RANGE

Approximately 1,057 of households in this neighborhood have a total annual income of $58,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,455 per month.

MINIMUM INCOME RANGE : $58,200

Income % Distribution
<$20K 19.6%
$20K-$35K 11.9%
$35K-$60K 23.8%
$60K-$100K 21.0%
>=$100K 23.7%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 53% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.6%
5-9 mins 18.0%
10-14 mins 27.9%
15-19 mins 22.7%
20-29 mins 11.6%
30-44 mins 11.0%
45-59 mins 0.0%
>60 mins 1.3%

BAR HARBOR Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 19.6%
Construction 7.3%
Educational Services 10.1%
Health Care & Social Assistance 9.0%
Professional & Scientific Tech Services 16.4%
Retail & Wholesale Trader 12.1%
Other 25.4%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 29% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 12.6%
15-19 6.6%
20-24 9.3%
25-44 22.9%
45-65 31.4%
66+ 17.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 12.0%
Education 6.8%
Healthcare 11.7%
Management, Business, & Financial 27.7%
Natural Resources Maintenance 9.1%
Sales & Office 21.8%
Other 10.9%
HIGHEST EDUCATION LEVEL

30% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.5%
Doctorate 6.0%
High School 21.1%
Masters Degree 13.0%
Some College 13.9%
Other 37.4%

26 Orchard Rd Comps

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26 Orchard Rd, Bar Harbor, ME 04609 is a single family home of 1,200 sqft. HomeUnion INVESTimateĀ® for 26 Orchard Rd includes a Price Estimate of $196,020 and a Rent Estimate of $1,455. This single family home has 2 bedrooms,1 bathrooms, and was built in 2015. This property has an estimated 15 year annualized Yield of 8.91% and Total Return of 24.12%. The estimated 1 year forecast in home value for 26 Orchard Rd is 5.52%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in ME , HANCOCK County , or the 04609 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 04660