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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.

381 Penson Rd Honea Path, SC 29654

2 Beds 1 Baths 1,010 sqft Built 1955
Last updated:  Oct 23, 2019

INVESTimate

$140,349

$134K - $147K

Price Est.

$796

755 - 837

Rent Est.

$149,345  ( +6.41%)   1 YR EST. FORECAST

381 Penson Rd PROPERTY INFO

FACTS
  • Built In 1955
  • Price/Sqft : $138.96
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,010 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
381 Penson Rd, Honea Path, SC 29654 is a single family home of 1,010 sqft. HomeUnion estimate for 381 Penson Rd includes a Price Estimate of $140,349 and a Rent Estimate of $796. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1955. This property has an estimated 15 year annualized Yield of 6.81% and Total Return of 17.84%. The estimated 1 year forecast in home value for 381 Penson Rd is 6.41%.
  
  
  

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381 Penson Rd SCHOOLS

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Financial Details

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Neighborhood

HONEA PATH

  • 9,188

    POPULATION
  • 3,674

    HOUSEHOLDS
  • 53.4%

    WHITE COLLAR

Neighborhood : HONEA PATH

HOUSEHOLDS
3,674
POPULATION

9,188

24.8%Renters
75.2%Home Owners
LABOR FORCE

 

53.4%White Collar
46.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $796 per month.

MY RENT : $796 MEDIAN RENT : $820

Rent % Distribution LEVEL
$500-699 5.5%
$700-899 65.3%
$900-999 10.8%
$1,000-1,499 14.9%
>=$1,500 3.5%
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 $796 would therefore be considered affordable for annual household incomes greater than $31,840 (12 months x 3.333 x $796).

Rent % Affordability
Above $500 73.8%
Above $700 61.4%
Above $1,100 43.0%
Above $1,500 30.4%
Above $1,900 19.6%
HOUSEHOLD INCOME RANGE

Approximately 9,395 of households in this neighborhood have a total annual income of $31,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $796 per month.

MINIMUM INCOME RANGE : $31,840

Income % Distribution
<$20K 26.2%
$20K-$35K 22.5%
$35K-$60K 21.0%
$60K-$100K 22.1%
>=$100K 8.3%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.6%
5-9 mins 8.1%
10-14 mins 12.3%
15-19 mins 9.3%
20-29 mins 15.2%
30-44 mins 29.8%
45-59 mins 15.6%
>60 mins 6.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $796 per month.

MY RENT : $796 MEDIAN RENT : $820

Rent % Distribution
$500-699 5.5%
$700-899 65.3%
$900-999 10.8%
$1,000-1,499 14.9%
>=$1,500 3.5%
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 $796 would therefore be considered affordable for annual household incomes greater than $31,840 (12 months x 3.333 x $796).

Rent % Affordability
Above $500 73.8%
Above $700 61.4%
Above $1,100 43.0%
Above $1,500 30.4%
Above $1,900 19.6%
HOUSEHOLD INCOME RANGE

Approximately 9,395 of households in this neighborhood have a total annual income of $31,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $796 per month.

MINIMUM INCOME RANGE : $31,840

Income % Distribution
<$20K 26.2%
$20K-$35K 22.5%
$35K-$60K 21.0%
$60K-$100K 22.1%
>=$100K 8.3%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.6%
5-9 mins 8.1%
10-14 mins 12.3%
15-19 mins 9.3%
20-29 mins 15.2%
30-44 mins 29.8%
45-59 mins 15.6%
>60 mins 6.1%

HONEA PATH Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 5.6%
Construction 6.2%
Educational Services 5.6%
Health Care & Social Assistance 16.6%
Manufacturing 21.0%
Retail & Wholesale Trader 18.9%
Other 26.2%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 32% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 17.7%
15-19 8.6%
20-24 5.8%
25-44 23.8%
45-65 27.0%
66+ 17.0%
OCCUPATION

Occupation % Distribution
Construction 5.0%
Healthcare 10.1%
Management, Business, & Financial 12.5%
Natural Resources Maintenance 12.0%
Production & Transportation 23.3%
Sales & Office 20.2%
Other 16.9%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.3%
High School 38.2%
Masters Degree 2.2%
Some College 21.8%
Some High School 19.6%
Other 9.9%

381 Penson Rd Comps

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