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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

414 Herbert Norris Rd R Tabor City, NC 28463

0 Beds 0 Baths 1,184 sqft Built 1942
Last updated:  Nov 28, 2019

INVESTimate

$107,583

$101K - $114K

Price Est.

$795

694 - 896

Rent Est.

$106,195  ( -1.29%)   1 YR EST. FORECAST
  
  
  

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414 Herbert Norris Rd R PROPERTY INFO

FACTS
  • Built In 1942
  • Price/Sqft : $90.86
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,184 sqft
  • Baths : 0 Full

414 Herbert Norris Rd R SCHOOLS

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Financial Details

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Neighborhood

TABOR CITY

  • 9,707

    POPULATION
  • 3,477

    HOUSEHOLDS
  • 49.4%

    WHITE COLLAR

Neighborhood : TABOR CITY

HOUSEHOLDS
3,477
POPULATION

9,707

34.0%Renters
66.0%Home Owners
LABOR FORCE

 

49.4%White Collar
50.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 60% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $795 per month.

MY RENT : $795 MEDIAN RENT : $829

Rent % Distribution LEVEL
$500-699 19.1%
$700-899 45.0%
$900-999 11.6%
$1,000-1,499 24.4%
>=$1,500 0.0%
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 $795 would therefore be considered affordable for annual household incomes greater than $31,800 (12 months x 3.333 x $795).

Rent % Affordability
Above $500 66.0%
Above $700 57.9%
Above $1,100 38.4%
Above $1,500 21.3%
Above $1,900 14.7%
HOUSEHOLD INCOME RANGE

Approximately 7,327 of households in this neighborhood have a total annual income of $31,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $795 per month.

MINIMUM INCOME RANGE : $31,800

Income % Distribution
<$20K 34.0%
$20K-$35K 17.9%
$35K-$60K 26.8%
$60K-$100K 11.8%
>=$100K 9.4%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 25% 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 2.8%
5-9 mins 12.4%
10-14 mins 10.2%
15-19 mins 12.4%
20-29 mins 17.9%
30-44 mins 32.8%
45-59 mins 5.6%
>60 mins 5.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 60% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $795 per month.

MY RENT : $795 MEDIAN RENT : $829

Rent % Distribution
$500-699 19.1%
$700-899 45.0%
$900-999 11.6%
$1,000-1,499 24.4%
>=$1,500 0.0%
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 $795 would therefore be considered affordable for annual household incomes greater than $31,800 (12 months x 3.333 x $795).

Rent % Affordability
Above $500 66.0%
Above $700 57.9%
Above $1,100 38.4%
Above $1,500 21.3%
Above $1,900 14.7%
HOUSEHOLD INCOME RANGE

Approximately 7,327 of households in this neighborhood have a total annual income of $31,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $795 per month.

MINIMUM INCOME RANGE : $31,800

Income % Distribution
<$20K 34.0%
$20K-$35K 17.9%
$35K-$60K 26.8%
$60K-$100K 11.8%
>=$100K 9.4%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 25% 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 2.8%
5-9 mins 12.4%
10-14 mins 10.2%
15-19 mins 12.4%
20-29 mins 17.9%
30-44 mins 32.8%
45-59 mins 5.6%
>60 mins 5.7%

TABOR CITY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.3%
Construction 8.6%
Educational Services 7.6%
Health Care & Social Assistance 19.2%
Manufacturing 10.9%
Retail & Wholesale Trader 12.4%
Other 32.0%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 30% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 15.9%
15-19 6.2%
20-24 7.5%
25-44 29.4%
45-65 25.9%
66+ 15.1%
OCCUPATION

Occupation % Distribution
Healthcare 12.2%
Management, Business, & Financial 6.8%
Natural Resources Maintenance 15.8%
Production & Transportation 21.0%
Protect 6.8%
Sales & Office 24.2%
Other 13.1%
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 7.4%
High School 39.5%
Masters Degree 3.4%
Some College 20.0%
Some High School 23.8%
Other 5.9%

414 Herbert Norris Rd R Comps

Sorry, we do not have sufficient data available.

414 Herbert Norris Rd R, Tabor City, NC 28463 is a single family home of 1,184 sqft. HomeUnion INVESTimateĀ® for 414 Herbert Norris Rd R includes a Price Estimate of $107,583 and a Rent Estimate of $795. This single family home has 0 bedrooms,0 bathrooms, and was built in 1942. This property has an estimated 15 year annualized Yield of 8.87% and Total Return of 12.49%. The estimated 1 year forecast in home value for 414 Herbert Norris Rd R is -1.29%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , COLUMBUS County , or the 28463 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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  1. 28472
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