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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

375 Silvertip Springs Dr La Porte, CA 95973

2 Beds 1 Baths 1,200 sqft Built 1977
Last updated:  Jan 23, 2020

INVESTimate

$338,012

$323K - $353K

Price Est.

$1,419

$1.3K - $1.5K

Rent Est.

$355,960  ( +5.31%)   1 YR EST. FORECAST
  
  
  

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375 Silvertip Springs Dr PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $281.68
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,200 sqft
  • Baths : 1 Full

375 Silvertip Springs Dr SCHOOLS

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Financial Details

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Neighborhood

CHICO

  • 35,311

    POPULATION
  • 13,950

    HOUSEHOLDS
  • 71.1%

    WHITE COLLAR

Neighborhood : CHICO

HOUSEHOLDS
13,950
POPULATION

35,311

41.0%Renters
59.0%Home Owners
LABOR FORCE

 

71.1%White Collar
28.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,419 per month.

MY RENT : $1,419 MEDIAN RENT : $1,735

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.2%
$1,000-1,499 28.0%
>=$1,500 71.8%
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 $1,419 would therefore be considered affordable for annual household incomes greater than $56,760 (12 months x 3.333 x $1,419).

Rent % Affordability
Above $500 82.8%
Above $700 74.6%
Above $1,100 62.7%
Above $1,500 51.0%
Above $1,900 39.5%
HOUSEHOLD INCOME RANGE

Approximately 7,250 of households in this neighborhood have a total annual income of $56,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,419 per month.

MINIMUM INCOME RANGE : $56,760

Income % Distribution
<$20K 17.2%
$20K-$35K 13.7%
$35K-$60K 18.1%
$60K-$100K 24.7%
>=$100K 26.3%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 54% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.2%
5-9 mins 18.7%
10-14 mins 29.3%
15-19 mins 18.7%
20-29 mins 9.2%
30-44 mins 10.4%
45-59 mins 4.1%
>60 mins 3.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,419 per month.

MY RENT : $1,419 MEDIAN RENT : $1,735

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.2%
$1,000-1,499 28.0%
>=$1,500 71.8%
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 $1,419 would therefore be considered affordable for annual household incomes greater than $56,760 (12 months x 3.333 x $1,419).

Rent % Affordability
Above $500 82.8%
Above $700 74.6%
Above $1,100 62.7%
Above $1,500 51.0%
Above $1,900 39.5%
HOUSEHOLD INCOME RANGE

Approximately 7,250 of households in this neighborhood have a total annual income of $56,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,419 per month.

MINIMUM INCOME RANGE : $56,760

Income % Distribution
<$20K 17.2%
$20K-$35K 13.7%
$35K-$60K 18.1%
$60K-$100K 24.7%
>=$100K 26.3%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 54% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.2%
5-9 mins 18.7%
10-14 mins 29.3%
15-19 mins 18.7%
20-29 mins 9.2%
30-44 mins 10.4%
45-59 mins 4.1%
>60 mins 3.5%

CHICO Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.3%
Educational Services 10.5%
Health Care & Social Assistance 20.8%
Manufacturing 6.5%
Professional & Scientific Tech Services 5.9%
Retail & Wholesale Trader 14.8%
Other 33.2%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 34% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 19.5%
15-19 6.5%
20-24 8.0%
25-44 27.2%
45-65 25.1%
66+ 13.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.1%
Healthcare 13.3%
Management, Business, & Financial 19.9%
Natural Resources Maintenance 9.0%
Production & Transportation 7.1%
Sales & Office 24.0%
Other 21.5%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.0%
High School 20.1%
Masters Degree 6.9%
Some College 27.3%
Some High School 6.3%
Other 28.3%

375 Silvertip Springs Dr Comps

Sorry, we do not have sufficient data available.

375 Silvertip Springs Dr, La Porte, CA 95973 is a single family home of 1,200 sqft. HomeUnion INVESTimateĀ® for 375 Silvertip Springs Dr includes a Price Estimate of $338,012 and a Rent Estimate of $1,419. This single family home has 2 bedrooms,1 bathrooms, and was built in 1977. This property has an estimated 15 year annualized Yield of 5.04% and Total Return of 16.12%. The estimated 1 year forecast in home value for 375 Silvertip Springs Dr is 5.31%.

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