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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

42 Village Ln Oxford, ME 04270

3 Beds 1 Baths 1,008 sqft Built 1974
Last updated:  Nov 28, 2019

INVESTimate

$201,104

$186K - $216K

Price Est.

$1,162

953 - $1.4K

Rent Est.

$208,243  ( +3.55%)   1 YR EST. FORECAST
  
  
  

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42 Village Ln PROPERTY INFO

FACTS
  • Built In 1974
  • Price/Sqft : $199.51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,008 sqft
  • Baths : 1 Full

42 Village Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
OXFORD ELEMENTARY SCHOOL Primary Regular 403 26 3
OXFORD HILLS JUNIOR HIGH SCHOOL Middle Regular 534 37 4
OXFORD HILLS COMPREHENSIVE HIGH SCHOOL High Regular 1,059 75 5

OXFORD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 403
  • # of teachers: 26
3
GreatSchools Rating

OXFORD HILLS JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 534
  • # of teachers: 37
4
GreatSchools Rating

OXFORD HILLS COMPREHENSIVE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,059
  • # of teachers: 75
5
GreatSchools Rating
 

Financial Details

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Neighborhood

OXFORD

  • 6,682

    POPULATION
  • 2,351

    HOUSEHOLDS
  • 46.9%

    WHITE COLLAR

Neighborhood : OXFORD

HOUSEHOLDS
2,351
POPULATION

6,682

14.8%Renters
85.2%Home Owners
LABOR FORCE

 

46.9%White Collar
53.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 71% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,162 per month.

MY RENT : $1,162 MEDIAN RENT : $1,147

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.1%
$900-999 3.4%
$1,000-1,499 80.0%
>=$1,500 16.5%
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 $1,162 would therefore be considered affordable for annual household incomes greater than $46,480 (12 months x 3.333 x $1,162).

Rent % Affordability
Above $500 84.5%
Above $700 72.6%
Above $1,100 55.7%
Above $1,500 41.1%
Above $1,900 26.3%
HOUSEHOLD INCOME RANGE

Approximately 1,077 of households in this neighborhood have a total annual income of $46,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,162 per month.

MINIMUM INCOME RANGE : $46,480

Income % Distribution
<$20K 15.5%
$20K-$35K 22.3%
$35K-$60K 21.0%
$60K-$100K 25.4%
>=$100K 15.7%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 6.7%
10-14 mins 10.4%
15-19 mins 16.5%
20-29 mins 24.2%
30-44 mins 17.3%
45-59 mins 12.0%
>60 mins 12.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 71% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,162 per month.

MY RENT : $1,162 MEDIAN RENT : $1,147

Rent % Distribution
$500-699 0.0%
$700-899 0.1%
$900-999 3.4%
$1,000-1,499 80.0%
>=$1,500 16.5%
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 $1,162 would therefore be considered affordable for annual household incomes greater than $46,480 (12 months x 3.333 x $1,162).

Rent % Affordability
Above $500 84.5%
Above $700 72.6%
Above $1,100 55.7%
Above $1,500 41.1%
Above $1,900 26.3%
HOUSEHOLD INCOME RANGE

Approximately 1,077 of households in this neighborhood have a total annual income of $46,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,162 per month.

MINIMUM INCOME RANGE : $46,480

Income % Distribution
<$20K 15.5%
$20K-$35K 22.3%
$35K-$60K 21.0%
$60K-$100K 25.4%
>=$100K 15.7%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 6.7%
10-14 mins 10.4%
15-19 mins 16.5%
20-29 mins 24.2%
30-44 mins 17.3%
45-59 mins 12.0%
>60 mins 12.0%

OXFORD Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.1%
Construction 10.0%
Educational Services 10.7%
Health Care & Social Assistance 12.0%
Manufacturing 11.7%
Retail & Wholesale Trader 22.4%
Other 26.1%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 26% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 17.4%
15-19 3.3%
20-24 5.4%
25-44 25.6%
45-65 31.1%
66+ 17.2%
OCCUPATION

Occupation % Distribution
Clean 7.1%
Healthcare 7.3%
Management, Business, & Financial 13.1%
Natural Resources Maintenance 10.7%
Production & Transportation 24.2%
Sales & Office 18.9%
Other 18.8%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.4%
High School 39.2%
Masters Degree 7.3%
Some College 16.6%
Some High School 11.8%
Other 14.8%

42 Village Ln Comps

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42 Village Ln, Oxford, ME 04270 is a single family home of 1,008 sqft. HomeUnion INVESTimateĀ® for 42 Village Ln includes a Price Estimate of $201,104 and a Rent Estimate of $1,162. This single family home has 3 bedrooms,1 bathrooms, and was built in 1974. This property has an estimated 15 year annualized Yield of 6.93% and Total Return of 16.80%. The estimated 1 year forecast in home value for 42 Village Ln is 3.55%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in ME , OXFORD County , or the 04270 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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