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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.

346 Nixon Wilkie Farm Rd Bear Creek, NC 27207

0 Beds 0 Baths 1,416 sqft Built 1985
Last updated:  Oct 23, 2019

INVESTimate

$163,603

$150K - $177K

Price Est.

$1,106

$1.0K - $1.2K

Rent Est.

$170,229  ( +4.05%)   1 YR EST. FORECAST

346 Nixon Wilkie Farm Rd PROPERTY INFO

FACTS
  • Built In 1985
  • Price/Sqft : $115.54
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,416 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
346 Nixon Wilkie Farm Rd, Bear Creek, NC 27207 is a single family home of 1,416 sqft. HomeUnion estimate for 346 Nixon Wilkie Farm Rd includes a Price Estimate of $163,603 and a Rent Estimate of $1,106. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1985. This property has an estimated 15 year annualized Yield of 8.11% and Total Return of 19.98%. The estimated 1 year forecast in home value for 346 Nixon Wilkie Farm Rd is 4.05%.
  
  
  

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346 Nixon Wilkie Farm Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CHATHAM CENTRAL HIGH SCHOOL High Regular 447 31 6

CHATHAM CENTRAL HIGH SCHOOL

  • Education Level: High
  • # of students: 447
  • # of teachers: 31
6
GreatSchools Rating
 

Financial Details

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Neighborhood

BEAR CREEK

  • 4,049

    POPULATION
  • 1,471

    HOUSEHOLDS
  • 60.0%

    WHITE COLLAR

Neighborhood : BEAR CREEK

HOUSEHOLDS
1,471
POPULATION

4,049

21.9%Renters
78.1%Home Owners
LABOR FORCE

 

60.0%White Collar
40.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 61% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,106 per month.

MY RENT : $1,106 MEDIAN RENT : $1,168

Rent % Distribution LEVEL
$500-699 0.2%
$700-899 17.3%
$900-999 10.1%
$1,000-1,499 55.9%
>=$1,500 16.5%
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 $1,106 would therefore be considered affordable for annual household incomes greater than $44,240 (12 months x 3.333 x $1,106).

Rent % Affordability
Above $500 78.5%
Above $700 65.6%
Above $1,100 52.2%
Above $1,500 37.6%
Above $1,900 30.1%
HOUSEHOLD INCOME RANGE

Approximately 637 of households in this neighborhood have a total annual income of $44,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,106 per month.

MINIMUM INCOME RANGE : $44,240

Income % Distribution
<$20K 21.5%
$20K-$35K 19.4%
$35K-$60K 21.6%
$60K-$100K 18.5%
>=$100K 19.1%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 4.9%
10-14 mins 15.5%
15-19 mins 10.7%
20-29 mins 19.6%
30-44 mins 23.2%
45-59 mins 12.6%
>60 mins 10.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 61% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,106 per month.

MY RENT : $1,106 MEDIAN RENT : $1,168

Rent % Distribution
$500-699 0.2%
$700-899 17.3%
$900-999 10.1%
$1,000-1,499 55.9%
>=$1,500 16.5%
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 $1,106 would therefore be considered affordable for annual household incomes greater than $44,240 (12 months x 3.333 x $1,106).

Rent % Affordability
Above $500 78.5%
Above $700 65.6%
Above $1,100 52.2%
Above $1,500 37.6%
Above $1,900 30.1%
HOUSEHOLD INCOME RANGE

Approximately 637 of households in this neighborhood have a total annual income of $44,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,106 per month.

MINIMUM INCOME RANGE : $44,240

Income % Distribution
<$20K 21.5%
$20K-$35K 19.4%
$35K-$60K 21.6%
$60K-$100K 18.5%
>=$100K 19.1%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 4.9%
10-14 mins 15.5%
15-19 mins 10.7%
20-29 mins 19.6%
30-44 mins 23.2%
45-59 mins 12.6%
>60 mins 10.4%

BEAR CREEK Demographics

INDUSTRY

Industry % Distribution
Construction 11.3%
Educational Services 8.4%
Health Care & Social Assistance 13.8%
Manufacturing 17.8%
Public Administration 6.0%
Retail & Wholesale Trader 11.9%
Other 30.9%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 28% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 17.0%
15-19 5.2%
20-24 5.8%
25-44 23.2%
45-65 28.4%
66+ 20.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.0%
Healthcare 11.1%
Management, Business, & Financial 18.9%
Natural Resources Maintenance 13.9%
Production & Transportation 18.7%
Sales & Office 14.2%
Other 17.2%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.8%
High School 27.4%
Masters Degree 6.4%
Some College 28.4%
Some High School 16.2%
Other 13.7%

346 Nixon Wilkie Farm Rd Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , CHATHAM County , or the 27207 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 27208
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