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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

407 N 7th St Patterson, CA 95363

3 Beds 2 Baths 1,800 sqft Built 1950
Last updated:  Dec 26, 2019

INVESTimate

$345,301

$325K - $366K

Price Est.

$1,626

$1.6K - $1.7K

Rent Est.

$392,020  ( +13.53%)   1 YR EST. FORECAST
  
  
  

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407 N 7th St PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $191.83
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,800 sqft
  • Baths : 2 Full

407 N 7th St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NORTHMEAD ELEMENTARY SCHOOL Primary Regular 540 20 NA
CREEKSIDE MIDDLE SCHOOL Middle Regular 1,185 46 NA
PATTERSON HIGH SCHOOL High Regular 1,622 66 NA

NORTHMEAD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 20
-1
GreatSchools Rating

CREEKSIDE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,185
  • # of teachers: 46
-1
GreatSchools Rating

PATTERSON HIGH SCHOOL

  • Education Level: High
  • # of students: 1,622
  • # of teachers: 66
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

Downtown Patterson

  • 2,220

    POPULATION
  • 685

    HOUSEHOLDS
  • 36.1%

    WHITE COLLAR

Neighborhood : Downtown Patterson

HOUSEHOLDS
685
POPULATION

2,220

44.8%Renters
55.2%Home Owners
LABOR FORCE

 

36.1%White Collar
63.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 26% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,626 per month.

MY RENT : $1,626 MEDIAN RENT : $1,244

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 4.3%
$1,000-1,499 69.8%
>=$1,500 25.9%
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 $1,626 would therefore be considered affordable for annual household incomes greater than $65,040 (12 months x 3.333 x $1,626).

Rent % Affordability
Above $500 78.5%
Above $700 61.6%
Above $1,100 41.3%
Above $1,500 26.9%
Above $1,900 23.0%
HOUSEHOLD INCOME RANGE

Approximately 132 of households in this neighborhood have a total annual income of $65,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,626 per month.

MINIMUM INCOME RANGE : $65,040

Income % Distribution
<$20K 21.5%
$20K-$35K 27.4%
$35K-$60K 24.2%
$60K-$100K 11.7%
>=$100K 15.2%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.0%
5-9 mins 29.4%
10-14 mins 3.3%
15-19 mins 10.4%
20-29 mins 10.5%
30-44 mins 26.5%
45-59 mins 0.6%
>60 mins 16.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 26% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,626 per month.

MY RENT : $1,626 MEDIAN RENT : $1,244

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 4.3%
$1,000-1,499 69.8%
>=$1,500 25.9%
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 $1,626 would therefore be considered affordable for annual household incomes greater than $65,040 (12 months x 3.333 x $1,626).

Rent % Affordability
Above $500 78.5%
Above $700 61.6%
Above $1,100 41.3%
Above $1,500 26.9%
Above $1,900 23.0%
HOUSEHOLD INCOME RANGE

Approximately 132 of households in this neighborhood have a total annual income of $65,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,626 per month.

MINIMUM INCOME RANGE : $65,040

Income % Distribution
<$20K 21.5%
$20K-$35K 27.4%
$35K-$60K 24.2%
$60K-$100K 11.7%
>=$100K 15.2%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.0%
5-9 mins 29.4%
10-14 mins 3.3%
15-19 mins 10.4%
20-29 mins 10.5%
30-44 mins 26.5%
45-59 mins 0.6%
>60 mins 16.4%

Downtown Patterson Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 6.8%
Educational Services 11.8%
Health Care & Social Assistance 9.1%
Manufacturing 19.2%
Public Administration 8.0%
Retail & Wholesale Trader 26.4%
Other 18.6%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 44% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 29.5%
15-19 8.0%
20-24 6.1%
25-44 27.7%
45-65 17.8%
66+ 10.9%
OCCUPATION

Occupation % Distribution
Clean 13.4%
Construction 5.6%
Healthcare 4.4%
Natural Resources Maintenance 21.6%
Production & Transportation 24.1%
Sales & Office 28.8%
Other 2.2%
HIGHEST EDUCATION LEVEL

6% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.2%
High School 37.6%
Masters Degree 0.2%
Some College 28.6%
Some High School 24.1%
Other 3.4%

407 N 7th St Comps

Sorry, we do not have sufficient data available.

407 N 7th St, Patterson, CA 95363 is a single family home of 1,800 sqft. HomeUnion INVESTimateĀ® for 407 N 7th St includes a Price Estimate of $345,301 and a Rent Estimate of $1,626. This single family home has 3 bedrooms,2 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 5.65% and Total Return of 36.65%. The estimated 1 year forecast in home value for 407 N 7th St is 13.53%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , STANISLAUS County , or the 95363 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 95380