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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.

307 Russell Rd Langdon, NH 03602

4 Beds 3 Baths 2,576 sqft Built 1975
Last updated:  Oct 23, 2019

INVESTimate

$287,722

$270K - $306K

Price Est.

$1,967

$1.8K - $2.2K

Rent Est.

$296,872  ( +3.18%)   1 YR EST. FORECAST

307 Russell Rd PROPERTY INFO

FACTS
  • Built In 1975
  • Price/Sqft : $111.69
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,576 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
307 Russell Rd, Langdon, NH 03602 is a single family home of 2,576 sqft. HomeUnion estimate for 307 Russell Rd includes a Price Estimate of $287,722 and a Rent Estimate of $1,967. This single family home has 4 bedrooms, 3 bathrooms, and was built in 1975. This property has an estimated 15 year annualized Yield of 8.20% and Total Return of 17.33%. The estimated 1 year forecast in home value for 307 Russell Rd is 3.18%.
  
  
  

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307 Russell Rd SCHOOLS

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

Financial Details

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Neighborhood

ALSTEAD

  • 2,851

    POPULATION
  • 1,115

    HOUSEHOLDS
  • 57.1%

    WHITE COLLAR

Neighborhood : ALSTEAD

HOUSEHOLDS
1,115
POPULATION

2,851

22.8%Renters
77.2%Home Owners
LABOR FORCE

 

57.1%White Collar
42.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,967 per month.

MY RENT : $1,967 MEDIAN RENT : $1,382

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 66.2%
>=$1,500 33.4%
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 $1,967 would therefore be considered affordable for annual household incomes greater than $78,680 (12 months x 3.333 x $1,967).

Rent % Affordability
Above $500 86.5%
Above $700 81.9%
Above $1,100 68.1%
Above $1,500 54.0%
Above $1,900 39.4%
HOUSEHOLD INCOME RANGE

Approximately 335 of households in this neighborhood have a total annual income of $78,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,967 per month.

MINIMUM INCOME RANGE : $78,680

Income % Distribution
<$20K 13.5%
$20K-$35K 10.4%
$35K-$60K 22.2%
$60K-$100K 30.4%
>=$100K 23.6%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.6%
5-9 mins 6.0%
10-14 mins 5.1%
15-19 mins 13.8%
20-29 mins 21.9%
30-44 mins 31.9%
45-59 mins 12.9%
>60 mins 5.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,967 per month.

MY RENT : $1,967 MEDIAN RENT : $1,382

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 66.2%
>=$1,500 33.4%
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 $1,967 would therefore be considered affordable for annual household incomes greater than $78,680 (12 months x 3.333 x $1,967).

Rent % Affordability
Above $500 86.5%
Above $700 81.9%
Above $1,100 68.1%
Above $1,500 54.0%
Above $1,900 39.4%
HOUSEHOLD INCOME RANGE

Approximately 335 of households in this neighborhood have a total annual income of $78,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,967 per month.

MINIMUM INCOME RANGE : $78,680

Income % Distribution
<$20K 13.5%
$20K-$35K 10.4%
$35K-$60K 22.2%
$60K-$100K 30.4%
>=$100K 23.6%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.6%
5-9 mins 6.0%
10-14 mins 5.1%
15-19 mins 13.8%
20-29 mins 21.9%
30-44 mins 31.9%
45-59 mins 12.9%
>60 mins 5.8%

ALSTEAD Demographics

INDUSTRY

Industry % Distribution
Construction 7.1%
Educational Services 14.5%
Health Care & Social Assistance 18.4%
Manufacturing 14.7%
Public Administration 5.3%
Retail & Wholesale Trader 14.9%
Other 25.2%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 28% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 17.2%
15-19 6.9%
20-24 4.0%
25-44 21.3%
45-65 32.2%
66+ 18.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.6%
Healthcare 11.4%
Management, Business, & Financial 18.7%
Natural Resources Maintenance 11.6%
Production & Transportation 18.9%
Sales & Office 12.6%
Other 20.2%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.2%
High School 35.2%
Masters Degree 10.9%
Some College 17.0%
Some High School 8.9%
Other 20.8%

307 Russell Rd Comps

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