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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

501 Georgia Ave New Ellenton, SC 29809

0 Beds 1 Baths 1,288 sqft Built 1959
Last updated:  Dec 26, 2019

INVESTimate

$157,403

$148K - $167K

Price Est.

$1,185

$1.0K - $1.3K

Rent Est.

$168,154  ( +6.83%)   1 YR EST. FORECAST
  
  
  

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501 Georgia Ave PROPERTY INFO

FACTS
  • Built In 1959
  • Price/Sqft : $122.21
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,288 sqft
  • Baths : 1 Full

501 Georgia Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GREENDALE ELEMENTARY SCHOOL Primary Regular 410 27 3
NEW ELLENTON MIDDLE SCHOOL Middle Regular 238 13 6
SILVER BLUFF HIGH SCHOOL High Regular 690 44 6

GREENDALE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 410
  • # of teachers: 27
3
GreatSchools Rating

NEW ELLENTON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 238
  • # of teachers: 13
6
GreatSchools Rating

SILVER BLUFF HIGH SCHOOL

  • Education Level: High
  • # of students: 690
  • # of teachers: 44
6
GreatSchools Rating
 

Financial Details

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Neighborhood

NEW ELLENTON

  • 2,334

    POPULATION
  • 1,098

    HOUSEHOLDS
  • 45.8%

    WHITE COLLAR

Neighborhood : NEW ELLENTON

HOUSEHOLDS
1,098
POPULATION

2,334

28.7%Renters
71.3%Home Owners
LABOR FORCE

 

45.8%White Collar
54.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,185 per month.

MY RENT : $1,185 MEDIAN RENT : $946

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 15.2%
$900-999 60.2%
$1,000-1,499 22.3%
>=$1,500 2.3%
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 $1,185 would therefore be considered affordable for annual household incomes greater than $47,400 (12 months x 3.333 x $1,185).

Rent % Affordability
Above $500 70.9%
Above $700 53.8%
Above $1,100 38.9%
Above $1,500 24.0%
Above $1,900 17.7%
HOUSEHOLD INCOME RANGE

Approximately 316 of households in this neighborhood have a total annual income of $47,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,185 per month.

MINIMUM INCOME RANGE : $47,400

Income % Distribution
<$20K 29.1%
$20K-$35K 23.7%
$35K-$60K 23.2%
$60K-$100K 18.4%
>=$100K 5.6%
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 5.7%
5-9 mins 4.0%
10-14 mins 15.5%
15-19 mins 12.5%
20-29 mins 27.2%
30-44 mins 23.7%
45-59 mins 1.8%
>60 mins 9.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,185 per month.

MY RENT : $1,185 MEDIAN RENT : $946

Rent % Distribution
$500-699 0.0%
$700-899 15.2%
$900-999 60.2%
$1,000-1,499 22.3%
>=$1,500 2.3%
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 $1,185 would therefore be considered affordable for annual household incomes greater than $47,400 (12 months x 3.333 x $1,185).

Rent % Affordability
Above $500 70.9%
Above $700 53.8%
Above $1,100 38.9%
Above $1,500 24.0%
Above $1,900 17.7%
HOUSEHOLD INCOME RANGE

Approximately 316 of households in this neighborhood have a total annual income of $47,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,185 per month.

MINIMUM INCOME RANGE : $47,400

Income % Distribution
<$20K 29.1%
$20K-$35K 23.7%
$35K-$60K 23.2%
$60K-$100K 18.4%
>=$100K 5.6%
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 5.7%
5-9 mins 4.0%
10-14 mins 15.5%
15-19 mins 12.5%
20-29 mins 27.2%
30-44 mins 23.7%
45-59 mins 1.8%
>60 mins 9.7%

NEW ELLENTON Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.8%
Construction 7.4%
Health Care & Social Assistance 18.0%
Manufacturing 15.0%
Retail & Wholesale Trader 13.8%
Transportation 6.7%
Other 28.4%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 29% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 19.5%
15-19 5.5%
20-24 3.6%
25-44 27.1%
45-65 26.3%
66+ 18.1%
OCCUPATION

Occupation % Distribution
Clean 8.7%
Healthcare 13.7%
Management, Business, & Financial 10.7%
Natural Resources Maintenance 17.0%
Production & Transportation 17.6%
Sales & Office 17.9%
Other 14.3%
HIGHEST EDUCATION LEVEL

13% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.8%
High School 47.1%
Masters Degree 1.8%
Some College 18.3%
Some High School 14.2%
Other 10.9%

501 Georgia Ave Comps

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501 Georgia Ave, New Ellenton, SC 29809 is a single family home of 1,288 sqft. HomeUnion INVESTimateĀ® for 501 Georgia Ave includes a Price Estimate of $157,403 and a Rent Estimate of $1,185. This single family home has 0 bedrooms,1 bathrooms, and was built in 1959. This property has an estimated 15 year annualized Yield of 9.03% and Total Return of 24.10%. The estimated 1 year forecast in home value for 501 Georgia Ave is 6.83%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in SC , AIKEN County , or the 29809 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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