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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.

2624 Oaklawn Dr Vernon, TX 76384

0 Beds 1 Baths 2,444 sqft Built 1973
Last updated:  Oct 23, 2019

INVESTimate

$193,999

$176K - $212K

Price Est.

$1,354

$1.2K - $1.5K

Rent Est.

$193,999  ( 0%)   1 YR EST. FORECAST

2624 Oaklawn Dr PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $79.38
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,444 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
2624 Oaklawn Dr, Vernon, TX 76384 is a single family home of 2,444 sqft. HomeUnion estimate for 2624 Oaklawn Dr includes a Price Estimate of $193,999 and a Rent Estimate of $1,354. This single family home has 0 bedrooms, 1 bathrooms, and was built in 1973. This property has an estimated 15 year annualized Yield of 8.38% and Total Return of 11.44%. The estimated 1 year forecast in home value for 2624 Oaklawn Dr is 0%.
  
  
  

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2624 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 13% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,354 per month.

MY RENT : $1,354 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 $1,354 would therefore be considered affordable for annual household incomes greater than $54,160 (12 months x 3.333 x $1,354).

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 1,944 of households in this neighborhood have a total annual income of $54,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,354 per month.

MINIMUM INCOME RANGE : $54,160

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 13% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,354 per month.

MY RENT : $1,354 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 $1,354 would therefore be considered affordable for annual household incomes greater than $54,160 (12 months x 3.333 x $1,354).

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 1,944 of households in this neighborhood have a total annual income of $54,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,354 per month.

MINIMUM INCOME RANGE : $54,160

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%

2624 Oaklawn Dr Comps

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