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This page contains aggregated information about each property, 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 about INVESTimate

351 Broadway Ave Star City, WV 26505

2 Beds 1 Baths 700 sqft Built 1930
Last updated:  Nov 28, 2019

INVESTimate

$128,276

$120K - $136K

Price Est.

$700

621 - 779

Rent Est.

$130,957  ( +2.09%)   1 YR EST. FORECAST
  
  
  

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351 Broadway Ave PROPERTY INFO

FACTS
  • Built In 1930
  • Price/Sqft : $183.25
CONSTRUCTION
  • Beds : 2
  • Floor Size : 700 sqft
  • Baths : 1 Full

351 Broadway Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SUNCREST PRIMARY SCHOOL Primary Regular 278 11 NA
SUNCREST MIDDLE SCHOOL Middle Regular 498 33 NA
MORGANTOWN HIGH SCHOOL High Regular 1,622 94 NA

SUNCREST PRIMARY SCHOOL

  • Education Level: Primary
  • # of students: 278
  • # of teachers: 11
-1
GreatSchools Rating

SUNCREST MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 498
  • # of teachers: 33
-1
GreatSchools Rating

MORGANTOWN HIGH SCHOOL

  • Education Level: High
  • # of students: 1,622
  • # of teachers: 94
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

Star City

  • 1,891

    POPULATION
  • 831

    HOUSEHOLDS
  • 71.6%

    WHITE COLLAR

Neighborhood : Star City

HOUSEHOLDS
831
POPULATION

1,891

54.6%Renters
45.4%Home Owners
LABOR FORCE

 

71.6%White Collar
28.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 98% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $700 per month.

MY RENT : $700 MEDIAN RENT : $1,179

Rent % Distribution LEVEL
$500-699 1.9%
$700-899 25.0%
$900-999 7.5%
$1,000-1,499 41.6%
>=$1,500 24.0%
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 $700 would therefore be considered affordable for annual household incomes greater than $28,000 (12 months x 3.333 x $700).

Rent % Affordability
Above $500 77.7%
Above $700 69.4%
Above $1,100 48.6%
Above $1,500 32.1%
Above $1,900 20.4%
HOUSEHOLD INCOME RANGE

Approximately 1,810 of households in this neighborhood have a total annual income of $28,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $700 per month.

MINIMUM INCOME RANGE : $28,000

Income % Distribution
<$20K 22.3%
$20K-$35K 17.1%
$35K-$60K 28.5%
$60K-$100K 18.3%
>=$100K 13.8%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 52% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.4%
5-9 mins 14.8%
10-14 mins 27.5%
15-19 mins 14.9%
20-29 mins 15.6%
30-44 mins 11.5%
45-59 mins 4.6%
>60 mins 1.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 98% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $700 per month.

MY RENT : $700 MEDIAN RENT : $1,179

Rent % Distribution
$500-699 1.9%
$700-899 25.0%
$900-999 7.5%
$1,000-1,499 41.6%
>=$1,500 24.0%
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 $700 would therefore be considered affordable for annual household incomes greater than $28,000 (12 months x 3.333 x $700).

Rent % Affordability
Above $500 77.7%
Above $700 69.4%
Above $1,100 48.6%
Above $1,500 32.1%
Above $1,900 20.4%
HOUSEHOLD INCOME RANGE

Approximately 1,810 of households in this neighborhood have a total annual income of $28,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $700 per month.

MINIMUM INCOME RANGE : $28,000

Income % Distribution
<$20K 22.3%
$20K-$35K 17.1%
$35K-$60K 28.5%
$60K-$100K 18.3%
>=$100K 13.8%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 52% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.4%
5-9 mins 14.8%
10-14 mins 27.5%
15-19 mins 14.9%
20-29 mins 15.6%
30-44 mins 11.5%
45-59 mins 4.6%
>60 mins 1.7%

Star City Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.8%
Arts & Entertainment 10.0%
Educational Services 21.4%
Health Care & Social Assistance 23.8%
Manufacturing 7.5%
Retail & Wholesale Trader 8.9%
Other 21.6%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 31% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 9.8%
15-19 2.7%
20-24 18.8%
25-44 31.3%
45-65 22.1%
66+ 15.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.5%
Construction 9.3%
Healthcare 9.7%
Management, Business, & Financial 16.0%
Production & Transportation 10.2%
Sales & Office 24.2%
Other 23.0%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.2%
High School 27.8%
Masters Degree 11.6%
Some College 20.1%
Some High School 9.4%
Other 26.9%

351 Broadway Ave Comps

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351 Broadway Ave, Star City, WV 26505 is a single family home of 700 sqft. HomeUnion INVESTimateĀ® for 351 Broadway Ave includes a Price Estimate of $128,276 and a Rent Estimate of $700. This single family home has 2 bedrooms,1 bathrooms, and was built in 1930. This property has an estimated 15 year annualized Yield of 6.55% and Total Return of 3.43%. The estimated 1 year forecast in home value for 351 Broadway Ave is 2.09%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in WV , MONONGALIA County , or the 26505 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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