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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

37403 3rd St Dewey Beach, DE 19971

0 Beds 0 Baths 1,400 sqft Built 0
Last updated:  Dec 26, 2019

INVESTimate

$384,294

$328K - $441K

Price Est.

$1,547

$1.4K - $1.7K

Rent Est.

$390,174  ( +1.53%)   1 YR EST. FORECAST
  
  
  

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37403 3rd St PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $274.50
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,400 sqft
  • Baths : 0 Full

37403 3rd St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
REHOBOTH ELEMENTARY SCHOOL Primary Regular 583 39 10
REHOBOTH ELEMENTARY SCHOOL Middle Regular 583 39 10
CAPE HENLOPEN HIGH SCHOOL High Regular 1,302 86 NA

REHOBOTH ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 39
10
GreatSchools Rating

REHOBOTH ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 583
  • # of teachers: 39
10
GreatSchools Rating

CAPE HENLOPEN HIGH SCHOOL

  • Education Level: High
  • # of students: 1,302
  • # of teachers: 86
0
GreatSchools Rating
 

Financial Details

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Neighborhood

REHOBOTH BEACH

  • 13,271

    POPULATION
  • 6,673

    HOUSEHOLDS
  • 78.3%

    WHITE COLLAR

Neighborhood : REHOBOTH BEACH

HOUSEHOLDS
6,673
POPULATION

13,271

15.9%Renters
84.1%Home Owners
LABOR FORCE

 

78.3%White Collar
21.7%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 $1,547 per month.

MY RENT : $1,547 MEDIAN RENT : $1,627

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 38.2%
>=$1,500 61.4%
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 $1,547 would therefore be considered affordable for annual household incomes greater than $61,880 (12 months x 3.333 x $1,547).

Rent % Affordability
Above $500 88.2%
Above $700 82.6%
Above $1,100 70.1%
Above $1,500 59.1%
Above $1,900 46.7%
HOUSEHOLD INCOME RANGE

Approximately 2,900 of households in this neighborhood have a total annual income of $61,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,547 per month.

MINIMUM INCOME RANGE : $61,880

Income % Distribution
<$20K 11.8%
$20K-$35K 11.1%
$35K-$60K 18.1%
$60K-$100K 25.2%
>=$100K 33.9%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.6%
5-9 mins 17.6%
10-14 mins 14.0%
15-19 mins 15.5%
20-29 mins 14.2%
30-44 mins 18.6%
45-59 mins 5.2%
>60 mins 8.2%
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 $1,547 per month.

MY RENT : $1,547 MEDIAN RENT : $1,627

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 38.2%
>=$1,500 61.4%
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 $1,547 would therefore be considered affordable for annual household incomes greater than $61,880 (12 months x 3.333 x $1,547).

Rent % Affordability
Above $500 88.2%
Above $700 82.6%
Above $1,100 70.1%
Above $1,500 59.1%
Above $1,900 46.7%
HOUSEHOLD INCOME RANGE

Approximately 2,900 of households in this neighborhood have a total annual income of $61,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,547 per month.

MINIMUM INCOME RANGE : $61,880

Income % Distribution
<$20K 11.8%
$20K-$35K 11.1%
$35K-$60K 18.1%
$60K-$100K 25.2%
>=$100K 33.9%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.6%
5-9 mins 17.6%
10-14 mins 14.0%
15-19 mins 15.5%
20-29 mins 14.2%
30-44 mins 18.6%
45-59 mins 5.2%
>60 mins 8.2%

REHOBOTH BEACH Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 12.8%
Construction 6.7%
Educational Services 10.0%
Health Care & Social Assistance 10.5%
Professional & Scientific Tech Services 9.4%
Retail & Wholesale Trader 17.6%
Other 33.1%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 15% is 24 or younger and 34% is 65 or older.

Age % Distribution
<15 7.9%
15-19 3.4%
20-24 3.4%
25-44 13.9%
45-65 37.1%
66+ 34.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.4%
Construction 7.5%
Healthcare 6.7%
Management, Business, & Financial 26.6%
Natural Resources Maintenance 7.7%
Sales & Office 27.7%
Other 18.4%
HIGHEST EDUCATION LEVEL

29% 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 23.8%
Masters Degree 14.6%
Some College 14.6%
Some High School 4.3%
Other 35.5%

37403 3rd St Comps

Sorry, we do not have sufficient data available.

37403 3rd St, Dewey Beach, DE 19971 is a single family home of 1,400 sqft. HomeUnion INVESTimateĀ® for 37403 3rd St includes a Price Estimate of $384,294 and a Rent Estimate of $1,547. This single family home has 0 bedrooms,0 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 4.83% and Total Return of 3.45%. The estimated 1 year forecast in home value for 37403 3rd St is 1.53%.

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