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2907 Santa Cruz Ave PROPERTY INFO
FACTS
- Built In 1983
- Price/Sqft : $182.34
CONSTRUCTION
- Beds : 3
- Floor Size : 2,335 sqft
- Baths : 3 Full
2907 Santa Cruz Ave SCHOOLS
Financial Details
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MERCED
Neighborhood : MERCED
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 32% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,620 per month.
MY RENT : $1,620 MEDIAN RENT : $1,380
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 $1,620 would therefore be considered affordable for annual household incomes greater than $64,800 (12 months x 3.333 x $1,620).
HOUSEHOLD INCOME RANGE
Approximately 3,493 of households in this neighborhood have a total annual income of $64,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,620 per month.
MINIMUM INCOME RANGE : $64,800
COMMUTE TIME DISTRIBUTION
41% of the working population has a commute time of 15 to 44 minutes, 48% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.
MERCED Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 7.7% |
| Construction | 6.7% |
| Educational Services | 18.4% |
| Health Care & Social Assistance | 12.7% |
| Manufacturing | 7.4% |
| Retail & Wholesale Trader | 14.5% |
| Other | 32.5% |
AGE DISTRIBUTION
47% of the population is between the ages of 25 and 64, 40% is 24 or younger and 13% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 21.2% |
| 15-19 | 10.3% |
| 20-24 | 8.5% |
| 25-44 | 25.1% |
| 45-65 | 22.4% |
| 66+ | 12.5% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 9.8% |
| Healthcare | 6.3% |
| Management, Business, & Financial | 13.2% |
| Natural Resources Maintenance | 12.8% |
| Production & Transportation | 12.2% |
| Sales & Office | 22.2% |
| Other | 23.5% |
HIGHEST EDUCATION LEVEL
22% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 10.5% |
| High School | 23.0% |
| Masters Degree | 6.5% |
| Some College | 26.9% |
| Some High School | 16.0% |
| Other | 17.1% |
2907 Santa Cruz Ave Comps
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2907 Santa Cruz Ave, Merced, CA 95340 is a single family home of 2,335 sqft. HomeUnion INVESTimateĀ® for 2907 Santa Cruz Ave includes a Price Estimate of $425,758 and a Rent Estimate of $1,620. This single family home has 3 bedrooms,3 bathrooms, and was built in 1983. This property has an estimated 15 year annualized Yield of 4.57% and Total Return of 21.87%. The estimated 1 year forecast in home value for 2907 Santa Cruz Ave is 8.81%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , MERCED County , or the 95340 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
