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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

367 Mccarter Rd Union Grove, NC 28689

0 Beds 0 Baths 1,836 sqft Built 0
Last updated:  Nov 28, 2019

INVESTimate

$90,706

$82.0K - $99.4K

Price Est.

$934

882 - 986

Rent Est.

$96,910  ( +6.84%)   1 YR EST. FORECAST
  
  
  

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367 Mccarter Rd PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $49.40
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,836 sqft
  • Baths : 0 Full

367 Mccarter Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
UNION GROVE ELEMENTARY SCHOOL Primary Regular 279 17 NA
NORTH IREDELL MIDDLE SCHOOL Middle Regular 661 41 NA
NORTH IREDELL HIGH SCHOOL High Regular 1,164 64 NA

UNION GROVE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 279
  • # of teachers: 17
-1
GreatSchools Rating

NORTH IREDELL MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 661
  • # of teachers: 41
-1
GreatSchools Rating

NORTH IREDELL HIGH SCHOOL

  • Education Level: High
  • # of students: 1,164
  • # of teachers: 64
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

UNION GROVE

  • 1,852

    POPULATION
  • 701

    HOUSEHOLDS
  • 58.7%

    WHITE COLLAR

Neighborhood : UNION GROVE

HOUSEHOLDS
701
POPULATION

1,852

13.8%Renters
86.2%Home Owners
LABOR FORCE

 

58.7%White Collar
41.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 37% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $934 per month.

MY RENT : $934 MEDIAN RENT : $859

Rent % Distribution LEVEL
$500-699 7.7%
$700-899 51.3%
$900-999 12.2%
$1,000-1,499 23.9%
>=$1,500 4.8%
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 $934 would therefore be considered affordable for annual household incomes greater than $37,360 (12 months x 3.333 x $934).

Rent % Affordability
Above $500 82.7%
Above $700 75.5%
Above $1,100 55.4%
Above $1,500 39.8%
Above $1,900 28.2%
HOUSEHOLD INCOME RANGE

Approximately 346 of households in this neighborhood have a total annual income of $37,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $934 per month.

MINIMUM INCOME RANGE : $37,360

Income % Distribution
<$20K 17.3%
$20K-$35K 17.0%
$35K-$60K 25.9%
$60K-$100K 28.5%
>=$100K 11.3%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.2%
5-9 mins 16.0%
10-14 mins 7.4%
15-19 mins 9.7%
20-29 mins 23.5%
30-44 mins 26.1%
45-59 mins 7.7%
>60 mins 3.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 37% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $934 per month.

MY RENT : $934 MEDIAN RENT : $859

Rent % Distribution
$500-699 7.7%
$700-899 51.3%
$900-999 12.2%
$1,000-1,499 23.9%
>=$1,500 4.8%
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 $934 would therefore be considered affordable for annual household incomes greater than $37,360 (12 months x 3.333 x $934).

Rent % Affordability
Above $500 82.7%
Above $700 75.5%
Above $1,100 55.4%
Above $1,500 39.8%
Above $1,900 28.2%
HOUSEHOLD INCOME RANGE

Approximately 346 of households in this neighborhood have a total annual income of $37,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $934 per month.

MINIMUM INCOME RANGE : $37,360

Income % Distribution
<$20K 17.3%
$20K-$35K 17.0%
$35K-$60K 25.9%
$60K-$100K 28.5%
>=$100K 11.3%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.2%
5-9 mins 16.0%
10-14 mins 7.4%
15-19 mins 9.7%
20-29 mins 23.5%
30-44 mins 26.1%
45-59 mins 7.7%
>60 mins 3.5%

UNION GROVE Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 6.4%
Construction 7.4%
Educational Services 9.6%
Health Care & Social Assistance 13.3%
Manufacturing 25.8%
Retail & Wholesale Trader 14.4%
Other 23.0%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 23% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 12.7%
15-19 7.9%
20-24 2.5%
25-44 14.5%
45-65 39.8%
66+ 22.6%
OCCUPATION

Occupation % Distribution
Construction 5.8%
Healthcare 9.9%
Management, Business, & Financial 18.2%
Natural Resources Maintenance 19.8%
Production & Transportation 23.1%
Sales & Office 14.1%
Other 9.2%
HIGHEST EDUCATION LEVEL

13% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.5%
High School 43.2%
Masters Degree 2.1%
Some College 20.3%
Some High School 14.6%
Other 9.3%

367 Mccarter Rd Comps

Sorry, we do not have sufficient data available.

367 Mccarter Rd, Union Grove, NC 28689 is a single family home of 1,836 sqft. HomeUnion INVESTimateĀ® for 367 Mccarter Rd includes a Price Estimate of $90,706 and a Rent Estimate of $934. This single family home has 0 bedrooms,0 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 12.36% and Total Return of 30.67%. The estimated 1 year forecast in home value for 367 Mccarter Rd is 6.84%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , WILKES County , or the 28689 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 28659