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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.

27727 Se Highway 224 Eagle Creek, OR 97022

3 Beds 2 Baths 1,276 sqft Built 1976
Last updated:  Jan 23, 2020

INVESTimate

$307,964

$294K - $322K

Price Est.

$1,697

$1.5K - $1.9K

Rent Est.

$335,527  ( +8.95%)   1 YR EST. FORECAST

27727 Se Highway 224 PROPERTY INFO

FACTS
  • Built In 1976
  • Price/Sqft : $241.35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,276 sqft
  • Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
27727 Se Highway 224, Eagle Creek, OR 97022 is a single family home of 1,276 sqft. HomeUnion estimate for 27727 Se Highway 224 includes a Price Estimate of $307,964 and a Rent Estimate of $1,697. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1976. This property has an estimated 15 year annualized Yield of 6.61% and Total Return of 28.55%. The estimated 1 year forecast in home value for 27727 Se Highway 224 is 8.95%.
  
  
  

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27727 Se Highway 224 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
RIVER MILL ELEMENTARY SCHOOL Primary Regular 279 14 NA
ESTACADA JUNIOR HIGH SCHOOL Middle Regular 322 17 NA
ESTACADA HIGH SCHOOL High Regular 664 33 NA

RIVER MILL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 279
  • # of teachers: 14
-1
GreatSchools Rating

ESTACADA JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 322
  • # of teachers: 17
-1
GreatSchools Rating

ESTACADA HIGH SCHOOL

  • Education Level: High
  • # of students: 664
  • # of teachers: 33
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

EAGLE CREEK

  • 3,461

    POPULATION
  • 1,120

    HOUSEHOLDS
  • 60.1%

    WHITE COLLAR

Neighborhood : EAGLE CREEK

HOUSEHOLDS
1,120
POPULATION

3,461

17.4%Renters
82.6%Home Owners
LABOR FORCE

 

60.1%White Collar
39.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,697 per month.

MY RENT : $1,697 MEDIAN RENT : $1,528

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 44.9%
>=$1,500 54.7%
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 $1,697 would therefore be considered affordable for annual household incomes greater than $67,880 (12 months x 3.333 x $1,697).

Rent % Affordability
Above $500 83.0%
Above $700 78.7%
Above $1,100 63.6%
Above $1,500 50.3%
Above $1,900 36.6%
HOUSEHOLD INCOME RANGE

Approximately 335 of households in this neighborhood have a total annual income of $67,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,697 per month.

MINIMUM INCOME RANGE : $67,880

Income % Distribution
<$20K 17.0%
$20K-$35K 10.0%
$35K-$60K 22.7%
$60K-$100K 30.1%
>=$100K 20.2%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 7.2%
10-14 mins 10.0%
15-19 mins 8.8%
20-29 mins 14.7%
30-44 mins 30.7%
45-59 mins 15.5%
>60 mins 11.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,697 per month.

MY RENT : $1,697 MEDIAN RENT : $1,528

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 44.9%
>=$1,500 54.7%
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 $1,697 would therefore be considered affordable for annual household incomes greater than $67,880 (12 months x 3.333 x $1,697).

Rent % Affordability
Above $500 83.0%
Above $700 78.7%
Above $1,100 63.6%
Above $1,500 50.3%
Above $1,900 36.6%
HOUSEHOLD INCOME RANGE

Approximately 335 of households in this neighborhood have a total annual income of $67,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,697 per month.

MINIMUM INCOME RANGE : $67,880

Income % Distribution
<$20K 17.0%
$20K-$35K 10.0%
$35K-$60K 22.7%
$60K-$100K 30.1%
>=$100K 20.2%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 7.2%
10-14 mins 10.0%
15-19 mins 8.8%
20-29 mins 14.7%
30-44 mins 30.7%
45-59 mins 15.5%
>60 mins 11.6%

EAGLE CREEK Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 13.7%
Construction 7.5%
Educational Services 8.7%
Health Care & Social Assistance 11.2%
Retail & Wholesale Trader 16.9%
Transportation 8.5%
Other 33.5%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 33% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 23.8%
15-19 6.3%
20-24 2.7%
25-44 19.2%
45-65 29.4%
66+ 18.7%
OCCUPATION

Occupation % Distribution
Adesm 3.5%
Healthcare 10.3%
Management, Business, & Financial 30.3%
Natural Resources Maintenance 13.5%
Production & Transportation 13.7%
Sales & Office 17.8%
Other 10.8%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.2%
High School 37.8%
Masters Degree 5.7%
Some College 31.1%
Some High School 8.1%
Other 12.1%

27727 Se Highway 224 Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OR , CLACKAMAS County , or the 97022 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 97009
  2. 97045