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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

51 Forest Ave 34 Old Greenwich, CT 06870

3 Beds 3 Baths 2,219 sqft Built 1990
Last updated:  Jan 23, 2020

INVESTimate

$1,381,228

$1.23M - $1.53M

Price Est.

$5,403

$5.0K - $5.8K

Rent Est.

$1,369,488  ( -0.85%)   1 YR EST. FORECAST
  
  
  

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51 Forest Ave 34 PROPERTY INFO

FACTS
  • Built In 1990
  • Price/Sqft : $622.46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,219 sqft
  • Baths : 2 Full 1 Half

51 Forest Ave 34 SCHOOLS

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Financial Details

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Neighborhood

OLD GREENWICH

  • 7,660

    POPULATION
  • 2,537

    HOUSEHOLDS
  • 91.3%

    WHITE COLLAR

Neighborhood : OLD GREENWICH

HOUSEHOLDS
2,537
POPULATION

7,660

16.3%Renters
83.7%Home Owners
LABOR FORCE

 

91.3%White Collar
8.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $5,403 per month.

MY RENT : $5,403 MEDIAN RENT : $5,777

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $5,403 would therefore be considered affordable for annual household incomes greater than $216,120 (12 months x 3.333 x $5,403).

Rent % Affordability
Above $500 93.6%
Above $700 92.3%
Above $1,100 88.8%
Above $1,500 81.4%
Above $1,900 78.3%
HOUSEHOLD INCOME RANGE

Approximately 253 of households in this neighborhood have a total annual income of $216,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $5,403 per month.

MINIMUM INCOME RANGE : $216,120

Income % Distribution
<$20K 6.4%
$20K-$35K 2.5%
$35K-$60K 9.7%
$60K-$100K 7.6%
>=$100K 73.8%
COMMUTE TIME DISTRIBUTION

33% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 38% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.6%
5-9 mins 8.5%
10-14 mins 16.3%
15-19 mins 12.5%
20-29 mins 15.3%
30-44 mins 5.7%
45-59 mins 6.1%
>60 mins 32.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $5,403 per month.

MY RENT : $5,403 MEDIAN RENT : $5,777

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $5,403 would therefore be considered affordable for annual household incomes greater than $216,120 (12 months x 3.333 x $5,403).

Rent % Affordability
Above $500 93.6%
Above $700 92.3%
Above $1,100 88.8%
Above $1,500 81.4%
Above $1,900 78.3%
HOUSEHOLD INCOME RANGE

Approximately 253 of households in this neighborhood have a total annual income of $216,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $5,403 per month.

MINIMUM INCOME RANGE : $216,120

Income % Distribution
<$20K 6.4%
$20K-$35K 2.5%
$35K-$60K 9.7%
$60K-$100K 7.6%
>=$100K 73.8%
COMMUTE TIME DISTRIBUTION

33% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 38% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.6%
5-9 mins 8.5%
10-14 mins 16.3%
15-19 mins 12.5%
20-29 mins 15.3%
30-44 mins 5.7%
45-59 mins 6.1%
>60 mins 32.0%

OLD GREENWICH Demographics

INDUSTRY

Industry % Distribution
Educational Services 6.4%
Financial Industries 26.7%
Health Care & Social Assistance 12.5%
Manufacturing 4.7%
Professional & Scientific Tech Services 15.4%
Retail & Wholesale Trader 9.2%
Other 25.3%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 37% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 27.8%
15-19 6.3%
20-24 3.1%
25-44 20.2%
45-65 29.5%
66+ 13.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.8%
Construction 5.4%
Healthcare 3.6%
Management, Business, & Financial 45.3%
Natural Resources Maintenance 2.9%
Sales & Office 21.5%
Other 11.5%
HIGHEST EDUCATION LEVEL

46% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.9%
High School 7.2%
Masters Degree 33.8%
Professional 4.6%
Some College 10.4%
Other 39.0%

51 Forest Ave 34 Comps

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51 Forest Ave 34, Old Greenwich, CT 06870 is a single family home of 2,219 sqft. HomeUnion INVESTimateĀ® for 51 Forest Ave 34 includes a Price Estimate of $1,381,228 and a Rent Estimate of $5,403. This single family home has 3 bedrooms,3 bathrooms, and was built in 1990. This property has an estimated 15 year annualized Yield of 4.69% and Total Return of 5.24%. The estimated 1 year forecast in home value for 51 Forest Ave 34 is -0.85%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CT , FAIRFIELD County , or the 06870 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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