1. < 3rd W Ave
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

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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

525 W 3rd Ave 501 Anchorage, AK 99501

1 Beds 1 Baths 591 sqft Built 1950
Last updated:  Mar 30, 2018

INVESTimate

$157,095

$144K - $170K

Price Est.

$1,500

$1.3K - $1.7K

Rent Est.

$60,985

Investment Est.

$163,363  ( +3.99%)   1 YR EST. FORECAST

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PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $265.81
CONSTRUCTION
  • Beds : 1
  • Floor Size : 591 sqft
  • Baths : 1 Full

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

Downtown Anchorage

  • 1,952

    POPULATION

  • 817

    HOUSEHOLDS

  • 70.1%

    WHITE COLLAR

Neighborhood : Downtown Anchorage

HOUSEHOLDS
817
POPULATION

1,952

75.8%Renters
24.2%Home Owners
LABOR FORCE

 

70.1%White Collar
29.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 50% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,500 per month.

MY RENT : $1,500 MEDIAN RENT : $1,496

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 2.0%
$1,000-1,499 48.5%
>=$1,500 49.5%
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 $1,500 would therefore be considered affordable for annual household incomes greater than $60,000 (12 months x 3.333 x $1,500).

Rent % Affordability
Above $500 72.5%
Above $700 64.4%
Above $1,100 45.8%
Above $1,500 40.3%
Above $1,900 32.7%
HOUSEHOLD INCOME RANGE

Approximately 329 of households in this neighborhood have a total annual income of $60,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,500 per month.

MINIMUM INCOME RANGE : $60,000

Income % Distribution
<$20K 27.5%
$20K-$35K 22.2%
$35K-$60K 10.0%
$60K-$100K 22.8%
>=$100K 17.5%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 53% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.8%
5-9 mins 12.9%
10-14 mins 32.9%
15-19 mins 26.8%
20-29 mins 10.1%
30-44 mins 5.7%
45-59 mins 1.9%
>60 mins 2.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 50% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,500 per month.

MY RENT : $1,500 MEDIAN RENT : $1,496

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 2.0%
$1,000-1,499 48.5%
>=$1,500 49.5%
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 $1,500 would therefore be considered affordable for annual household incomes greater than $60,000 (12 months x 3.333 x $1,500).

Rent % Affordability
Above $500 72.5%
Above $700 64.4%
Above $1,100 45.8%
Above $1,500 40.3%
Above $1,900 32.7%
HOUSEHOLD INCOME RANGE

Approximately 329 of households in this neighborhood have a total annual income of $60,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,500 per month.

MINIMUM INCOME RANGE : $60,000

Income % Distribution
<$20K 27.5%
$20K-$35K 22.2%
$35K-$60K 10.0%
$60K-$100K 22.8%
>=$100K 17.5%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 53% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.8%
5-9 mins 12.9%
10-14 mins 32.9%
15-19 mins 26.8%
20-29 mins 10.1%
30-44 mins 5.7%
45-59 mins 1.9%
>60 mins 2.9%
Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 9.9%
Construction 5.8%
Health Care & Social Assistance 19.3%
Professional & Scientific Tech Services 9.4%
Public Administration 8.8%
Retail & Wholesale Trader 17.3%
Other 29.4%
OCCUPATION

           

Occupation % Distribution
Healthcare 10.2%
Legal 5.9%
Management, Business, & Financial 26.2%
Natural Resources Maintenance 9.8%
Production & Transportation 8.5%
Sales & Office 21.2%
Other 18.3%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 4.2%
15-19 5.9%
20-24 8.4%
25-44 33.7%
45-65 37.1%
66+ 10.7%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor?s degree or higher.

Education Level % Distribution
Associates Degree 6.2%
High School 27.0%
Masters Degree 7.7%
Some College 24.1%
Some High School 9.7%
Other 25.4%

Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.9%
Construction 5.8%
Health Care & Social Assistance 19.3%
Professional & Scientific Tech Services 9.4%
Public Administration 8.8%
Retail & Wholesale Trader 17.3%
Other 29.4%
AGE DISTRIBUTION

71% of the population is between the ages of 25 and 64, 18% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 4.2%
15-19 5.9%
20-24 8.4%
25-44 33.7%
45-65 37.1%
66+ 10.7%
OCCUPATION

Occupation % Distribution
Healthcare 10.2%
Legal 5.9%
Management, Business, & Financial 26.2%
Natural Resources Maintenance 9.8%
Production & Transportation 8.5%
Sales & Office 21.2%
Other 18.3%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.2%
High School 27.0%
Masters Degree 7.7%
Some College 24.1%
Some High School 9.7%
Other 25.4%

Comps

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