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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.

302 W Lewis Ave Phoenix, AZ 85003

0 Beds 0 Baths 1,330 sqft Built 1924
Last updated:  Dec 26, 2019

INVESTimate

$424,259

$379K - $469K

Price Est.

$1,665

$1.4K - $1.9K

Rent Est.

$449,205  ( +5.88%)   1 YR EST. FORECAST

302 W Lewis Ave PROPERTY INFO

FACTS
  • Built In 1924
  • Price/Sqft : $318.99
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,330 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
302 W Lewis Ave, Phoenix, AZ 85003 is a single family home of 1,330 sqft. HomeUnion estimate for 302 W Lewis Ave includes a Price Estimate of $424,259 and a Rent Estimate of $1,665. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1924. This property has an estimated 15 year annualized Yield of 4.71% and Total Return of 17.53%. The estimated 1 year forecast in home value for 302 W Lewis Ave is 5.88%.
  
  
  

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302 W Lewis Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CENTRAL HIGH SCHOOL High Regular 2,324 141 3

CENTRAL HIGH SCHOOL

  • Education Level: High
  • # of students: 2,324
  • # of teachers: 141
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Fairview Homes

  • 73

    POPULATION
  • 44

    HOUSEHOLDS
  • 92.6%

    WHITE COLLAR

Neighborhood : Fairview Homes

HOUSEHOLDS
44
POPULATION

73

31.6%Renters
68.4%Home Owners
LABOR FORCE

 

92.6%White Collar
7.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 65% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,665 per month.

MY RENT : $1,665 MEDIAN RENT : $1,525

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 35.4%
>=$1,500 64.6%
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 $1,665 would therefore be considered affordable for annual household incomes greater than $66,600 (12 months x 3.333 x $1,665).

Rent % Affordability
Above $500 95.3%
Above $700 91.6%
Above $1,100 83.7%
Above $1,500 76.7%
Above $1,900 71.4%
HOUSEHOLD INCOME RANGE

Approximately 27 of households in this neighborhood have a total annual income of $66,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,665 per month.

MINIMUM INCOME RANGE : $66,600

Income % Distribution
<$20K 4.7%
$20K-$35K 7.0%
$35K-$60K 11.6%
$60K-$100K 20.9%
>=$100K 55.8%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.1%
5-9 mins 16.3%
10-14 mins 10.2%
15-19 mins 12.2%
20-29 mins 30.6%
30-44 mins 22.4%
45-59 mins 0.0%
>60 mins 4.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 65% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,665 per month.

MY RENT : $1,665 MEDIAN RENT : $1,525

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 35.4%
>=$1,500 64.6%
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 $1,665 would therefore be considered affordable for annual household incomes greater than $66,600 (12 months x 3.333 x $1,665).

Rent % Affordability
Above $500 95.3%
Above $700 91.6%
Above $1,100 83.7%
Above $1,500 76.7%
Above $1,900 71.4%
HOUSEHOLD INCOME RANGE

Approximately 27 of households in this neighborhood have a total annual income of $66,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,665 per month.

MINIMUM INCOME RANGE : $66,600

Income % Distribution
<$20K 4.7%
$20K-$35K 7.0%
$35K-$60K 11.6%
$60K-$100K 20.9%
>=$100K 55.8%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.1%
5-9 mins 16.3%
10-14 mins 10.2%
15-19 mins 12.2%
20-29 mins 30.6%
30-44 mins 22.4%
45-59 mins 0.0%
>60 mins 4.1%

Fairview Homes Demographics

INDUSTRY

Industry % Distribution
Educational Services 18.5%
Financial Industries 11.1%
Health Care & Social Assistance 7.4%
Professional & Scientific Tech Services 18.5%
Public Administration 7.4%
Retail & Wholesale Trader 11.1%
Other 25.9%
AGE DISTRIBUTION

78% of the population is between the ages of 25 and 64, 10% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 6.8%
15-19 0.0%
20-24 2.7%
25-44 32.9%
45-65 45.2%
66+ 12.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.9%
Construction 17.8%
Legal 6.7%
Management, Business, & Financial 24.4%
Sales & Office 28.9%
Social 4.4%
Other 8.9%
HIGHEST EDUCATION LEVEL

32% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 7.7%
High School 16.9%
Masters Degree 12.3%
Professional 7.7%
Some College 18.5%
Other 36.9%

302 W Lewis Ave Comps

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