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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

506 W 15th Ave Anchorage, AK 99501

4 Beds 2 Baths 1,656 sqft Built 1963
Last updated:  May 30, 2018

INVESTimate

$361,073

$307K - $415K

Price Est.

$2,593

$2.3K - $2.8K

Rent Est.

$375,480  ( +3.99%)   1 YR EST. FORECAST
  
  
  

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506 W 15th Ave PROPERTY INFO

FACTS
  • Built In 1963
  • Price/Sqft : $218.04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,656 sqft
  • Baths : 2 Full

506 W 15th Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
INLET VIEW ELEMENTARY SCHOOL Primary Regular 230 14 7
INLET VIEW ELEMENTARY SCHOOL Middle Regular 230 14 7
WEST HIGH SCHOOL High Regular 1,840 85 6

INLET VIEW ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 230
  • # of teachers: 14
7
GreatSchools Rating

INLET VIEW ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 230
  • # of teachers: 14
7
GreatSchools Rating

WEST HIGH SCHOOL

  • Education Level: High
  • # of students: 1,840
  • # of teachers: 85
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Plateau Heights

  • 49

    POPULATION
  • 21

    HOUSEHOLDS
  • 80.8%

    WHITE COLLAR

Neighborhood : Plateau Heights

HOUSEHOLDS
21
POPULATION

49

57.9%Renters
42.1%Home Owners
LABOR FORCE

 

80.8%White Collar
19.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 93% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,593 per month.

MY RENT : $2,593 MEDIAN RENT : $2,333

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 7.4%
>=$1,500 92.6%
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 $2,593 would therefore be considered affordable for annual household incomes greater than $103,720 (12 months x 3.333 x $2,593).

Rent % Affordability
Above $500 100.0%
Above $700 100.0%
Above $1,100 100.0%
Above $1,500 100.0%
Above $1,900 85.9%
HOUSEHOLD INCOME RANGE

Approximately 6 of households in this neighborhood have a total annual income of $103,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,593 per month.

MINIMUM INCOME RANGE : $103,720

Income % Distribution
<$20K 0.0%
$20K-$35K 0.0%
$35K-$60K 0.0%
$60K-$100K 33.3%
>=$100K 66.7%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.6%
5-9 mins 14.3%
10-14 mins 21.4%
15-19 mins 39.3%
20-29 mins 7.1%
30-44 mins 10.7%
45-59 mins 3.6%
>60 mins 0.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 93% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,593 per month.

MY RENT : $2,593 MEDIAN RENT : $2,333

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 7.4%
>=$1,500 92.6%
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 $2,593 would therefore be considered affordable for annual household incomes greater than $103,720 (12 months x 3.333 x $2,593).

Rent % Affordability
Above $500 100.0%
Above $700 100.0%
Above $1,100 100.0%
Above $1,500 100.0%
Above $1,900 85.9%
HOUSEHOLD INCOME RANGE

Approximately 6 of households in this neighborhood have a total annual income of $103,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,593 per month.

MINIMUM INCOME RANGE : $103,720

Income % Distribution
<$20K 0.0%
$20K-$35K 0.0%
$35K-$60K 0.0%
$60K-$100K 33.3%
>=$100K 66.7%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.6%
5-9 mins 14.3%
10-14 mins 21.4%
15-19 mins 39.3%
20-29 mins 7.1%
30-44 mins 10.7%
45-59 mins 3.6%
>60 mins 0.0%

Plateau Heights Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.1%
Educational Services 10.7%
Financial Industries 10.7%
Health Care & Social Assistance 21.4%
Professional & Scientific Tech Services 14.3%
Retail & Wholesale Trader 7.1%
Other 28.6%
AGE DISTRIBUTION

61% of the population is between the ages of 25 and 64, 22% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 10.2%
15-19 4.1%
20-24 8.2%
25-44 30.6%
45-65 30.6%
66+ 16.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 16.7%
Healthcare 11.1%
Management, Business, & Financial 33.3%
Natural Resources Maintenance 5.6%
Production & Transportation 11.1%
Sales & Office 5.6%
Other 16.7%
HIGHEST EDUCATION LEVEL

27% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
High School 13.5%
Masters Degree 16.2%
Professional 5.4%
Some College 16.2%
Some High School 5.4%
Other 43.2%

506 W 15th Ave Comps

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506 W 15th Ave, Anchorage, AK 99501 is a single family home of 1,656 sqft. HomeUnion INVESTimate® for 506 W 15th Ave includes a Price Estimate of $361,073 and a Rent Estimate of $2,593. This single family home has 4 bedrooms,2 bathrooms, and was built in 1963. This property has an estimated 15 year annualized Yield of 8.62% and Total Return of 16.75%. The estimated 1 year forecast in home value for 506 W 15th Ave is 3.99%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AK, ANCHORAGE County, or the 99501 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2