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This page contains information about each property aggregated from public data sources, 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.

2622 Oaklawn Dr Vernon, TX 76384

0 Beds 1 Baths 2,278 sqft Built 1978
Last updated:  Oct 23, 2019

INVESTimate

$189,408

$172K - $207K

Price Est.

$1,319

$1.2K - $1.5K

Rent Est.

$189,408  ( 0%)   1 YR EST. FORECAST

2622 Oaklawn Dr PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $83.15
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,278 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
2622 Oaklawn Dr, Vernon, TX 76384 is a single family home of 2,278 sqft. HomeUnion estimate for 2622 Oaklawn Dr includes a Price Estimate of $189,408 and a Rent Estimate of $1,319. This single family home has 0 bedrooms, 1 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 8.36% and Total Return of 11.18%. The estimated 1 year forecast in home value for 2622 Oaklawn Dr is 0%.
  
  
  

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2622 Oaklawn Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CENTRAL ELEMENTARY SCHOOL Primary Regular 362 24 4
VERNON MIDDLE SCHOOL Middle Regular 438 36 5
VERNON HIGH SCHOOL High Regular 580 46 3

CENTRAL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 362
  • # of teachers: 24
4
GreatSchools Rating

VERNON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 438
  • # of teachers: 36
5
GreatSchools Rating

VERNON HIGH SCHOOL

  • Education Level: High
  • # of students: 580
  • # of teachers: 46
3
GreatSchools Rating
 

Financial Details

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Neighborhood

VERNON

  • 12,499

    POPULATION
  • 5,013

    HOUSEHOLDS
  • 49.7%

    WHITE COLLAR

Neighborhood : VERNON

HOUSEHOLDS
5,013
POPULATION

12,499

37.1%Renters
62.9%Home Owners
LABOR FORCE

 

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

Approximately 15% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,319 per month.

MY RENT : $1,319 MEDIAN RENT : $956

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 34.7%
$900-999 27.4%
$1,000-1,499 35.2%
>=$1,500 2.7%
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 $1,319 would therefore be considered affordable for annual household incomes greater than $52,760 (12 months x 3.333 x $1,319).

Rent % Affordability
Above $500 76.5%
Above $700 66.1%
Above $1,100 49.5%
Above $1,500 36.8%
Above $1,900 21.6%
HOUSEHOLD INCOME RANGE

Approximately 1,968 of households in this neighborhood have a total annual income of $52,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,319 per month.

MINIMUM INCOME RANGE : $52,760

Income % Distribution
<$20K 23.5%
$20K-$35K 19.3%
$35K-$60K 20.5%
$60K-$100K 26.4%
>=$100K 10.4%
COMMUTE TIME DISTRIBUTION

18% of the working population has a commute time of 15 to 44 minutes, 78% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 13.0%
5-9 mins 45.6%
10-14 mins 19.5%
15-19 mins 9.0%
20-29 mins 3.1%
30-44 mins 5.4%
45-59 mins 1.1%
>60 mins 3.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 15% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,319 per month.

MY RENT : $1,319 MEDIAN RENT : $956

Rent % Distribution
$500-699 0.0%
$700-899 34.7%
$900-999 27.4%
$1,000-1,499 35.2%
>=$1,500 2.7%
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 $1,319 would therefore be considered affordable for annual household incomes greater than $52,760 (12 months x 3.333 x $1,319).

Rent % Affordability
Above $500 76.5%
Above $700 66.1%
Above $1,100 49.5%
Above $1,500 36.8%
Above $1,900 21.6%
HOUSEHOLD INCOME RANGE

Approximately 1,968 of households in this neighborhood have a total annual income of $52,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,319 per month.

MINIMUM INCOME RANGE : $52,760

Income % Distribution
<$20K 23.5%
$20K-$35K 19.3%
$35K-$60K 20.5%
$60K-$100K 26.4%
>=$100K 10.4%
COMMUTE TIME DISTRIBUTION

18% of the working population has a commute time of 15 to 44 minutes, 78% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 13.0%
5-9 mins 45.6%
10-14 mins 19.5%
15-19 mins 9.0%
20-29 mins 3.1%
30-44 mins 5.4%
45-59 mins 1.1%
>60 mins 3.2%

VERNON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 7.6%
Arts & Entertainment 8.0%
Educational Services 6.4%
Health Care & Social Assistance 24.0%
Manufacturing 10.9%
Retail & Wholesale Trader 11.8%
Other 31.3%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 33% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 19.8%
15-19 7.1%
20-24 6.3%
25-44 23.3%
45-65 26.9%
66+ 16.5%
OCCUPATION

Occupation % Distribution
Clean 5.7%
Healthcare 14.5%
Management, Business, & Financial 12.9%
Natural Resources Maintenance 15.8%
Production & Transportation 12.2%
Sales & Office 21.2%
Other 17.7%
HIGHEST EDUCATION LEVEL

11% 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 31.6%
Masters Degree 3.0%
Some College 23.4%
Some High School 22.6%
Other 12.1%

2622 Oaklawn Dr Comps

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