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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

540 Bridge St Vernonia, OR 97064

2 Beds 1 Baths 768 sqft Built 1924
Last updated:  Dec 26, 2019

INVESTimate

$198,117

$187K - $210K

Price Est.

$1,089

943 - $1.2K

Rent Est.

$218,365  ( +10.22%)   1 YR EST. FORECAST
  
  
  

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540 Bridge St PROPERTY INFO

FACTS
  • Built In 1924
  • Price/Sqft : $257.96
CONSTRUCTION
  • Beds : 2
  • Floor Size : 768 sqft
  • Baths : 1 Full

540 Bridge St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
VERNONIA HIGH SCHOOL High Regular 213 12 3

VERNONIA HIGH SCHOOL

  • Education Level: High
  • # of students: 213
  • # of teachers: 12
3
GreatSchools Rating
 

Financial Details

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Neighborhood

VERNONIA

  • 3,303

    POPULATION
  • 1,244

    HOUSEHOLDS
  • 55.4%

    WHITE COLLAR

Neighborhood : VERNONIA

HOUSEHOLDS
1,244
POPULATION

3,303

18.8%Renters
81.2%Home Owners
LABOR FORCE

 

55.4%White Collar
44.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 89% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,089 per month.

MY RENT : $1,089 MEDIAN RENT : $1,476

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 1.7%
$1,000-1,499 49.8%
>=$1,500 48.5%
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 $1,089 would therefore be considered affordable for annual household incomes greater than $43,560 (12 months x 3.333 x $1,089).

Rent % Affordability
Above $500 85.0%
Above $700 76.8%
Above $1,100 60.4%
Above $1,500 46.0%
Above $1,900 31.9%
HOUSEHOLD INCOME RANGE

Approximately 651 of households in this neighborhood have a total annual income of $43,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,089 per month.

MINIMUM INCOME RANGE : $43,560

Income % Distribution
<$20K 15.0%
$20K-$35K 15.8%
$35K-$60K 23.2%
$60K-$100K 24.4%
>=$100K 21.5%
COMMUTE TIME DISTRIBUTION

24% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 57% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.4%
5-9 mins 11.6%
10-14 mins 2.5%
15-19 mins 0.7%
20-29 mins 4.8%
30-44 mins 18.4%
45-59 mins 27.4%
>60 mins 29.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 89% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,089 per month.

MY RENT : $1,089 MEDIAN RENT : $1,476

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 1.7%
$1,000-1,499 49.8%
>=$1,500 48.5%
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 $1,089 would therefore be considered affordable for annual household incomes greater than $43,560 (12 months x 3.333 x $1,089).

Rent % Affordability
Above $500 85.0%
Above $700 76.8%
Above $1,100 60.4%
Above $1,500 46.0%
Above $1,900 31.9%
HOUSEHOLD INCOME RANGE

Approximately 651 of households in this neighborhood have a total annual income of $43,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,089 per month.

MINIMUM INCOME RANGE : $43,560

Income % Distribution
<$20K 15.0%
$20K-$35K 15.8%
$35K-$60K 23.2%
$60K-$100K 24.4%
>=$100K 21.5%
COMMUTE TIME DISTRIBUTION

24% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 57% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.4%
5-9 mins 11.6%
10-14 mins 2.5%
15-19 mins 0.7%
20-29 mins 4.8%
30-44 mins 18.4%
45-59 mins 27.4%
>60 mins 29.4%

VERNONIA Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.6%
Agriculture, Fishing & Game 7.6%
Construction 11.2%
Health Care & Social Assistance 9.0%
Manufacturing 16.7%
Retail & Wholesale Trader 11.7%
Other 37.2%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 30% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 18.2%
15-19 8.1%
20-24 3.5%
25-44 21.6%
45-65 29.6%
66+ 19.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 10.1%
Healthcare 7.7%
Management, Business, & Financial 9.8%
Natural Resources Maintenance 18.3%
Production & Transportation 20.6%
Sales & Office 19.6%
Other 13.9%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.9%
High School 34.4%
Masters Degree 4.2%
Some College 26.8%
Some High School 14.3%
Other 10.4%

540 Bridge St Comps

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540 Bridge St, Vernonia, OR 97064 is a single family home of 768 sqft. HomeUnion INVESTimateĀ® for 540 Bridge St includes a Price Estimate of $198,117 and a Rent Estimate of $1,089. This single family home has 2 bedrooms,1 bathrooms, and was built in 1924. This property has an estimated 15 year annualized Yield of 6.60% and Total Return of 28.97%. The estimated 1 year forecast in home value for 540 Bridge St is 10.22%.

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