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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

2651 N Westminster Dr Fayetteville, AR 72704

0 Beds 3 Baths 2,185 sqft Built 2001
Last updated:  Jan 23, 2020

INVESTimate

$218,684

$205K - $232K

Price Est.

$1,662

$1.6K - $1.8K

Rent Est.

$227,978  ( +4.25%)   1 YR EST. FORECAST
  
  
  

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2651 N Westminster Dr PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $100.08
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,185 sqft
  • Baths : 3 Full

2651 N Westminster Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HOLT MIDDLE SCHOOL Primary Regular 490 38 7
HOLT MIDDLE SCHOOL Middle Regular 490 38 7
RAMAY JUNIOR HIGH SCHOOL High Regular 618 51 7

HOLT MIDDLE SCHOOL

  • Education Level: Primary
  • # of students: 490
  • # of teachers: 38
7
GreatSchools Rating

HOLT MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 490
  • # of teachers: 38
7
GreatSchools Rating

RAMAY JUNIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 618
  • # of teachers: 51
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Salem Village

  • 306

    POPULATION
  • 128

    HOUSEHOLDS
  • 82.5%

    WHITE COLLAR

Neighborhood : Salem Village

HOUSEHOLDS
128
POPULATION

306

31.7%Renters
68.3%Home Owners
LABOR FORCE

 

82.5%White Collar
17.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 12% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,662 per month.

MY RENT : $1,662 MEDIAN RENT : $1,354

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 88.3%
>=$1,500 11.7%
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 $1,662 would therefore be considered affordable for annual household incomes greater than $66,480 (12 months x 3.333 x $1,662).

Rent % Affordability
Above $500 96.1%
Above $700 92.2%
Above $1,100 82.9%
Above $1,500 62.8%
Above $1,900 49.0%
HOUSEHOLD INCOME RANGE

Approximately 56 of households in this neighborhood have a total annual income of $66,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,662 per month.

MINIMUM INCOME RANGE : $66,480

Income % Distribution
<$20K 3.9%
$20K-$35K 7.8%
$35K-$60K 25.6%
$60K-$100K 28.7%
>=$100K 34.1%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 6.4%
10-14 mins 20.3%
15-19 mins 26.2%
20-29 mins 24.4%
30-44 mins 16.3%
45-59 mins 4.1%
>60 mins 2.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 12% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,662 per month.

MY RENT : $1,662 MEDIAN RENT : $1,354

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 88.3%
>=$1,500 11.7%
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 $1,662 would therefore be considered affordable for annual household incomes greater than $66,480 (12 months x 3.333 x $1,662).

Rent % Affordability
Above $500 96.1%
Above $700 92.2%
Above $1,100 82.9%
Above $1,500 62.8%
Above $1,900 49.0%
HOUSEHOLD INCOME RANGE

Approximately 56 of households in this neighborhood have a total annual income of $66,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,662 per month.

MINIMUM INCOME RANGE : $66,480

Income % Distribution
<$20K 3.9%
$20K-$35K 7.8%
$35K-$60K 25.6%
$60K-$100K 28.7%
>=$100K 34.1%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 6.4%
10-14 mins 20.3%
15-19 mins 26.2%
20-29 mins 24.4%
30-44 mins 16.3%
45-59 mins 4.1%
>60 mins 2.3%

Salem Village Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.2%
Educational Services 20.3%
Health Care & Social Assistance 16.4%
Manufacturing 13.0%
Retail & Wholesale Trader 10.7%
Transportation 12.4%
Other 20.9%
AGE DISTRIBUTION

61% of the population is between the ages of 25 and 64, 34% is 24 or younger and 6% is 65 or older.

Age % Distribution
<15 25.2%
15-19 3.3%
20-24 5.2%
25-44 47.1%
45-65 13.7%
66+ 5.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.0%
Construction 12.7%
Healthcare 8.5%
Management, Business, & Financial 21.1%
Production & Transportation 7.0%
Sales & Office 22.5%
Other 21.1%
HIGHEST EDUCATION LEVEL

35% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.2%
Doctorate 6.7%
High School 10.5%
Masters Degree 18.7%
Some College 18.7%
Other 39.2%

2651 N Westminster Dr Comps

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2651 N Westminster Dr, Fayetteville, AR 72704 is a single family home of 2,185 sqft. HomeUnion INVESTimateĀ® for 2651 N Westminster Dr includes a Price Estimate of $218,684 and a Rent Estimate of $1,662. This single family home has 0 bedrooms,3 bathrooms, and was built in 2001. This property has an estimated 15 year annualized Yield of 9.12% and Total Return of 23.66%. The estimated 1 year forecast in home value for 2651 N Westminster Dr 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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