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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.

30047 S Hwy 2 Porum, OK 74455

3 Beds 2 Baths 1,800 sqft Built 2017
Last updated:  Nov 28, 2019

INVESTimate

$89,768

$83.9K - $95.6K

Price Est.

$1,010

896 - $1.1K

Rent Est.

$97,317  ( +8.41%)   1 YR EST. FORECAST

30047 S Hwy 2 PROPERTY INFO

FACTS
  • Built In 2017
  • Price/Sqft : $49.87
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,800 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
30047 S Hwy 2, Porum, OK 74455 is a single family home of 1,800 sqft. HomeUnion estimate for 30047 S Hwy 2 includes a Price Estimate of $89,768 and a Rent Estimate of $1,010. This single family home has 3 bedrooms, 2 bathrooms, and was built in 2017. This property has an estimated 15 year annualized Yield of 13.50% and Total Return of 35.69%. The estimated 1 year forecast in home value for 30047 S Hwy 2 is 8.41%.
  
  
  

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30047 S Hwy 2 SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

PORUM

  • 3,622

    POPULATION
  • 1,466

    HOUSEHOLDS
  • 50.2%

    WHITE COLLAR

Neighborhood : PORUM

HOUSEHOLDS
1,466
POPULATION

3,622

17.9%Renters
82.1%Home Owners
LABOR FORCE

 

50.2%White Collar
49.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,010 per month.

MY RENT : $1,010 MEDIAN RENT : $826

Rent % Distribution LEVEL
$500-699 19.3%
$700-899 42.1%
$900-999 10.2%
$1,000-1,499 21.4%
>=$1,500 7.0%
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 $1,010 would therefore be considered affordable for annual household incomes greater than $40,400 (12 months x 3.333 x $1,010).

Rent % Affordability
Above $500 74.7%
Above $700 60.7%
Above $1,100 43.6%
Above $1,500 28.7%
Above $1,900 16.9%
HOUSEHOLD INCOME RANGE

Approximately 529 of households in this neighborhood have a total annual income of $40,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,010 per month.

MINIMUM INCOME RANGE : $40,400

Income % Distribution
<$20K 25.3%
$20K-$35K 23.4%
$35K-$60K 22.5%
$60K-$100K 20.5%
>=$100K 8.3%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 28% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 5.5%
10-14 mins 8.0%
15-19 mins 10.8%
20-29 mins 14.6%
30-44 mins 30.7%
45-59 mins 17.9%
>60 mins 10.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,010 per month.

MY RENT : $1,010 MEDIAN RENT : $826

Rent % Distribution
$500-699 19.3%
$700-899 42.1%
$900-999 10.2%
$1,000-1,499 21.4%
>=$1,500 7.0%
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 $1,010 would therefore be considered affordable for annual household incomes greater than $40,400 (12 months x 3.333 x $1,010).

Rent % Affordability
Above $500 74.7%
Above $700 60.7%
Above $1,100 43.6%
Above $1,500 28.7%
Above $1,900 16.9%
HOUSEHOLD INCOME RANGE

Approximately 529 of households in this neighborhood have a total annual income of $40,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,010 per month.

MINIMUM INCOME RANGE : $40,400

Income % Distribution
<$20K 25.3%
$20K-$35K 23.4%
$35K-$60K 22.5%
$60K-$100K 20.5%
>=$100K 8.3%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 28% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 5.5%
10-14 mins 8.0%
15-19 mins 10.8%
20-29 mins 14.6%
30-44 mins 30.7%
45-59 mins 17.9%
>60 mins 10.3%

PORUM Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.7%
Construction 14.5%
Educational Services 10.9%
Health Care & Social Assistance 13.7%
Manufacturing 10.1%
Retail & Wholesale Trader 18.2%
Other 25.8%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 30% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 19.0%
15-19 5.5%
20-24 5.9%
25-44 21.9%
45-65 27.9%
66+ 19.8%
OCCUPATION

Occupation % Distribution
Construction 6.8%
Healthcare 8.2%
Management, Business, & Financial 11.0%
Natural Resources Maintenance 17.1%
Production & Transportation 19.2%
Sales & Office 21.6%
Other 16.1%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.9%
High School 40.8%
Masters Degree 3.6%
Some College 18.3%
Some High School 19.3%
Other 8.1%

30047 S Hwy 2 Comps

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