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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.

3035 Wilmington Hwy Willard, NC 28478

3 Beds 1 Baths 875 sqft Built 2005
Last updated:  Jan 23, 2020

INVESTimate

$120,930

$111K - $131K

Price Est.

$739

699 - 779

Rent Est.

$127,025  ( +5.04%)   1 YR EST. FORECAST

3035 Wilmington Hwy PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $138.21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 875 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
3035 Wilmington Hwy, Willard, NC 28478 is a single family home of 875 sqft. HomeUnion estimate for 3035 Wilmington Hwy includes a Price Estimate of $120,930 and a Rent Estimate of $739. This single family home has 3 bedrooms, 1 bathrooms, and was built in 2005. This property has an estimated 15 year annualized Yield of 7.33% and Total Return of 20.48%. The estimated 1 year forecast in home value for 3035 Wilmington Hwy is 5.04%.
  
  
  

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3035 Wilmington Hwy SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
UNION ELEMENTARY SCHOOL Primary Regular 688 44 6
UNION MIDDLE SCHOOL Middle Regular 524 31 3
UNION HIGH SCHOOL High Regular 532 36 2

UNION ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 688
  • # of teachers: 44
6
GreatSchools Rating

UNION MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 524
  • # of teachers: 31
3
GreatSchools Rating

UNION HIGH SCHOOL

  • Education Level: High
  • # of students: 532
  • # of teachers: 36
2
GreatSchools Rating
 

Financial Details

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Neighborhood

WILLARD

  • 4,697

    POPULATION
  • 1,900

    HOUSEHOLDS
  • 52.4%

    WHITE COLLAR

Neighborhood : WILLARD

HOUSEHOLDS
1,900
POPULATION

4,697

18.0%Renters
82.0%Home Owners
LABOR FORCE

 

52.4%White Collar
47.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 83% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $739 per month.

MY RENT : $739 MEDIAN RENT : $854

Rent % Distribution LEVEL
$500-699 3.9%
$700-899 69.6%
$900-999 14.6%
$1,000-1,499 11.2%
>=$1,500 0.7%
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 $739 would therefore be considered affordable for annual household incomes greater than $29,560 (12 months x 3.333 x $739).

Rent % Affordability
Above $500 74.4%
Above $700 66.2%
Above $1,100 43.0%
Above $1,500 26.3%
Above $1,900 18.0%
HOUSEHOLD INCOME RANGE

Approximately 4,277 of households in this neighborhood have a total annual income of $29,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $739 per month.

MINIMUM INCOME RANGE : $29,560

Income % Distribution
<$20K 25.6%
$20K-$35K 18.5%
$35K-$60K 29.6%
$60K-$100K 16.1%
>=$100K 10.2%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.1%
5-9 mins 9.3%
10-14 mins 7.9%
15-19 mins 13.4%
20-29 mins 16.0%
30-44 mins 25.2%
45-59 mins 15.1%
>60 mins 6.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 83% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $739 per month.

MY RENT : $739 MEDIAN RENT : $854

Rent % Distribution
$500-699 3.9%
$700-899 69.6%
$900-999 14.6%
$1,000-1,499 11.2%
>=$1,500 0.7%
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 $739 would therefore be considered affordable for annual household incomes greater than $29,560 (12 months x 3.333 x $739).

Rent % Affordability
Above $500 74.4%
Above $700 66.2%
Above $1,100 43.0%
Above $1,500 26.3%
Above $1,900 18.0%
HOUSEHOLD INCOME RANGE

Approximately 4,277 of households in this neighborhood have a total annual income of $29,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $739 per month.

MINIMUM INCOME RANGE : $29,560

Income % Distribution
<$20K 25.6%
$20K-$35K 18.5%
$35K-$60K 29.6%
$60K-$100K 16.1%
>=$100K 10.2%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.1%
5-9 mins 9.3%
10-14 mins 7.9%
15-19 mins 13.4%
20-29 mins 16.0%
30-44 mins 25.2%
45-59 mins 15.1%
>60 mins 6.0%

WILLARD Demographics

INDUSTRY

Industry % Distribution
Construction 7.8%
Educational Services 8.1%
Health Care & Social Assistance 20.7%
Manufacturing 12.5%
Retail & Wholesale Trader 12.0%
Transportation 8.6%
Other 30.3%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 32% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 19.1%
15-19 6.7%
20-24 6.2%
25-44 21.0%
45-65 30.4%
66+ 16.5%
OCCUPATION

Occupation % Distribution
Construction 5.9%
Healthcare 16.5%
Management, Business, & Financial 12.0%
Natural Resources Maintenance 22.6%
Production & Transportation 12.1%
Sales & Office 12.4%
Other 18.7%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 14.0%
High School 35.2%
Masters Degree 2.9%
Some College 25.0%
Some High School 14.8%
Other 8.2%

3035 Wilmington Hwy Comps

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