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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

29504 Glenwood Dr Long Neck, DE 19966

3 Beds 0 Baths 2,880 sqft Built 2015
Last updated:  Dec 26, 2019

INVESTimate

$398,760

$347K - $451K

Price Est.

$1,582

$1.4K - $1.8K

Rent Est.

$414,431  ( +3.93%)   1 YR EST. FORECAST
  
  
  

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29504 Glenwood Dr PROPERTY INFO

FACTS
  • Built In 2015
  • Price/Sqft : $138.46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,880 sqft
  • Baths : 0 Full

29504 Glenwood Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
EAST MILLSBORO ELEMENTARY SCHOOL Primary Regular 729 40 10
MILLSBORO MIDDLE SCHOOL Middle Regular 601 45 7
SUSSEX CENTRAL HIGH SCHOOL High Regular 1,215 86 NA

EAST MILLSBORO ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
10
GreatSchools Rating

MILLSBORO MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 601
  • # of teachers: 45
7
GreatSchools Rating

SUSSEX CENTRAL HIGH SCHOOL

  • Education Level: High
  • # of students: 1,215
  • # of teachers: 86
0
GreatSchools Rating
 

Financial Details

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Neighborhood

MILLSBORO

  • 28,191

    POPULATION
  • 11,484

    HOUSEHOLDS
  • 56.5%

    WHITE COLLAR

Neighborhood : MILLSBORO

HOUSEHOLDS
11,484
POPULATION

28,191

19.2%Renters
80.8%Home Owners
LABOR FORCE

 

56.5%White Collar
43.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,582 per month.

MY RENT : $1,582 MEDIAN RENT : $1,399

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 18.1%
$1,000-1,499 55.4%
>=$1,500 26.5%
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 $1,582 would therefore be considered affordable for annual household incomes greater than $63,280 (12 months x 3.333 x $1,582).

Rent % Affordability
Above $500 84.0%
Above $700 75.0%
Above $1,100 58.9%
Above $1,500 46.3%
Above $1,900 33.6%
HOUSEHOLD INCOME RANGE

Approximately 3,304 of households in this neighborhood have a total annual income of $63,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,582 per month.

MINIMUM INCOME RANGE : $63,280

Income % Distribution
<$20K 16.0%
$20K-$35K 16.4%
$35K-$60K 21.4%
$60K-$100K 27.7%
>=$100K 18.6%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 7.9%
10-14 mins 10.3%
15-19 mins 14.8%
20-29 mins 27.8%
30-44 mins 24.2%
45-59 mins 6.2%
>60 mins 6.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,582 per month.

MY RENT : $1,582 MEDIAN RENT : $1,399

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 18.1%
$1,000-1,499 55.4%
>=$1,500 26.5%
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 $1,582 would therefore be considered affordable for annual household incomes greater than $63,280 (12 months x 3.333 x $1,582).

Rent % Affordability
Above $500 84.0%
Above $700 75.0%
Above $1,100 58.9%
Above $1,500 46.3%
Above $1,900 33.6%
HOUSEHOLD INCOME RANGE

Approximately 3,304 of households in this neighborhood have a total annual income of $63,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,582 per month.

MINIMUM INCOME RANGE : $63,280

Income % Distribution
<$20K 16.0%
$20K-$35K 16.4%
$35K-$60K 21.4%
$60K-$100K 27.7%
>=$100K 18.6%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 7.9%
10-14 mins 10.3%
15-19 mins 14.8%
20-29 mins 27.8%
30-44 mins 24.2%
45-59 mins 6.2%
>60 mins 6.4%

MILLSBORO Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 12.0%
Construction 9.1%
Educational Services 6.5%
Health Care & Social Assistance 17.6%
Manufacturing 8.4%
Retail & Wholesale Trader 18.3%
Other 28.1%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 25% is 24 or younger and 28% is 65 or older.

Age % Distribution
<15 16.5%
15-19 4.2%
20-24 4.0%
25-44 20.0%
45-65 27.7%
66+ 27.7%
OCCUPATION

Occupation % Distribution
Education 5.1%
Healthcare 11.8%
Management, Business, & Financial 14.0%
Natural Resources Maintenance 14.3%
Production & Transportation 11.7%
Sales & Office 19.3%
Other 23.7%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.9%
High School 39.2%
Masters Degree 6.2%
Some College 18.6%
Some High School 14.7%
Other 12.3%

29504 Glenwood Dr Comps

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29504 Glenwood Dr, Long Neck, DE 19966 is a single family home of 2,880 sqft. HomeUnion INVESTimateĀ® for 29504 Glenwood Dr includes a Price Estimate of $398,760 and a Rent Estimate of $1,582. This single family home has 3 bedrooms,0 bathrooms, and was built in 2015. This property has an estimated 15 year annualized Yield of 4.76% and Total Return of 8.60%. The estimated 1 year forecast in home value for 29504 Glenwood Dr is 3.93%.

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