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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 Weeman St Springvale, ME 04083

4 Beds 1 Baths 1,651 sqft Built 1927
Last updated:  Oct 23, 2019

INVESTimate

$170,120

$147K - $194K

Price Est.

$1,413

$1.2K - $1.6K

Rent Est.

$177,163  ( +4.14%)   1 YR EST. FORECAST
  
  
  

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26 Weeman St PROPERTY INFO

FACTS
  • Built In 1927
  • Price/Sqft : $103.04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,651 sqft
  • Baths : 1 Full

26 Weeman St SCHOOLS

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Financial Details

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Neighborhood

SPRINGVALE

  • 4,377

    POPULATION
  • 1,860

    HOUSEHOLDS
  • 49.7%

    WHITE COLLAR

Neighborhood : SPRINGVALE

HOUSEHOLDS
1,860
POPULATION

4,377

31.0%Renters
69.0%Home Owners
LABOR FORCE

 

49.7%White Collar
50.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,413 per month.

MY RENT : $1,413 MEDIAN RENT : $1,343

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 1.6%
$1,000-1,499 62.0%
>=$1,500 36.4%
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 $1,413 would therefore be considered affordable for annual household incomes greater than $56,520 (12 months x 3.333 x $1,413).

Rent % Affordability
Above $500 81.3%
Above $700 72.0%
Above $1,100 55.6%
Above $1,500 45.3%
Above $1,900 31.1%
HOUSEHOLD INCOME RANGE

Approximately 861 of households in this neighborhood have a total annual income of $56,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,413 per month.

MINIMUM INCOME RANGE : $56,520

Income % Distribution
<$20K 18.7%
$20K-$35K 18.5%
$35K-$60K 17.5%
$60K-$100K 27.4%
>=$100K 17.9%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.7%
5-9 mins 12.8%
10-14 mins 16.3%
15-19 mins 17.8%
20-29 mins 6.8%
30-44 mins 21.6%
45-59 mins 15.6%
>60 mins 8.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,413 per month.

MY RENT : $1,413 MEDIAN RENT : $1,343

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 1.6%
$1,000-1,499 62.0%
>=$1,500 36.4%
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 $1,413 would therefore be considered affordable for annual household incomes greater than $56,520 (12 months x 3.333 x $1,413).

Rent % Affordability
Above $500 81.3%
Above $700 72.0%
Above $1,100 55.6%
Above $1,500 45.3%
Above $1,900 31.1%
HOUSEHOLD INCOME RANGE

Approximately 861 of households in this neighborhood have a total annual income of $56,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,413 per month.

MINIMUM INCOME RANGE : $56,520

Income % Distribution
<$20K 18.7%
$20K-$35K 18.5%
$35K-$60K 17.5%
$60K-$100K 27.4%
>=$100K 17.9%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.7%
5-9 mins 12.8%
10-14 mins 16.3%
15-19 mins 17.8%
20-29 mins 6.8%
30-44 mins 21.6%
45-59 mins 15.6%
>60 mins 8.4%

SPRINGVALE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 15.0%
Construction 5.1%
Educational Services 7.2%
Health Care & Social Assistance 13.0%
Manufacturing 12.6%
Retail & Wholesale Trader 16.5%
Other 30.6%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 33% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 17.3%
15-19 7.1%
20-24 8.9%
25-44 21.5%
45-65 27.5%
66+ 17.7%
OCCUPATION

Occupation % Distribution
Education 7.1%
Healthcare 8.6%
Management, Business, & Financial 16.8%
Natural Resources Maintenance 14.9%
Production & Transportation 17.1%
Sales & Office 19.0%
Other 16.4%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.4%
High School 38.3%
Masters Degree 6.9%
Some College 22.4%
Some High School 8.5%
Other 16.6%

26 Weeman St Comps

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26 Weeman St, Springvale, ME 04083 is a single family home of 1,651 sqft. HomeUnion INVESTimateĀ® for 26 Weeman St includes a Price Estimate of $170,120 and a Rent Estimate of $1,413. This single family home has 4 bedrooms,1 bathrooms, and was built in 1927. This property has an estimated 15 year annualized Yield of 9.97% and Total Return of 21.88%. The estimated 1 year forecast in home value for 26 Weeman St is 4.14%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in ME , YORK County , or the 04083 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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