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This page contains information about each property aggregated from public data sources, 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.

5550 Peterson Dr Radford, VA 24141

4 Beds 3 Baths 2,052 sqft Built 2004
Last updated:  Oct 23, 2019

INVESTimate

$177,863

$172K - $183K

Price Est.

$1,324

$1.2K - $1.5K

Rent Est.

$182,825  ( +2.79%)   1 YR EST. FORECAST

5550 Peterson Dr PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $86.68
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,052 sqft
  • Baths : 3 Full
PROPERTY DESCRIPTION
5550 Peterson Dr, Radford, VA 24141 is a single family home of 2,052 sqft. HomeUnion estimate for 5550 Peterson Dr includes a Price Estimate of $177,863 and a Rent Estimate of $1,324. This single family home has 4 bedrooms, 3 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 8.93% and Total Return of 21.31%. The estimated 1 year forecast in home value for 5550 Peterson Dr is 2.79%.
  
  
  

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5550 Peterson Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
AUBURN ELEMENTARY SCHOOL Primary Regular 537 38 5
AUBURN MIDDLE SCHOOL Middle Regular 332 25 5
AUBURN HIGH SCHOOL High Regular 373 33 6

AUBURN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 537
  • # of teachers: 38
5
GreatSchools Rating

AUBURN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 332
  • # of teachers: 25
5
GreatSchools Rating

AUBURN HIGH SCHOOL

  • Education Level: High
  • # of students: 373
  • # of teachers: 33
6
GreatSchools Rating
 

Financial Details

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Neighborhood

RADFORD

  • 21,659

    POPULATION
  • 8,586

    HOUSEHOLDS
  • 66.6%

    WHITE COLLAR

Neighborhood : RADFORD

HOUSEHOLDS
8,586
POPULATION

21,659

40.9%Renters
59.1%Home Owners
LABOR FORCE

 

66.6%White Collar
33.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 18% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,324 per month.

MY RENT : $1,324 MEDIAN RENT : $983

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 5.4%
$900-999 49.9%
$1,000-1,499 41.7%
>=$1,500 3.1%
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 $1,324 would therefore be considered affordable for annual household incomes greater than $52,960 (12 months x 3.333 x $1,324).

Rent % Affordability
Above $500 73.1%
Above $700 65.6%
Above $1,100 49.1%
Above $1,500 34.1%
Above $1,900 25.9%
HOUSEHOLD INCOME RANGE

Approximately 3,182 of households in this neighborhood have a total annual income of $52,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,324 per month.

MINIMUM INCOME RANGE : $52,960

Income % Distribution
<$20K 26.9%
$20K-$35K 13.6%
$35K-$60K 25.5%
$60K-$100K 17.3%
>=$100K 16.8%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 38% 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 3.6%
5-9 mins 16.1%
10-14 mins 18.2%
15-19 mins 14.8%
20-29 mins 28.3%
30-44 mins 8.2%
45-59 mins 4.4%
>60 mins 6.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 18% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,324 per month.

MY RENT : $1,324 MEDIAN RENT : $983

Rent % Distribution
$500-699 0.0%
$700-899 5.4%
$900-999 49.9%
$1,000-1,499 41.7%
>=$1,500 3.1%
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 $1,324 would therefore be considered affordable for annual household incomes greater than $52,960 (12 months x 3.333 x $1,324).

Rent % Affordability
Above $500 73.1%
Above $700 65.6%
Above $1,100 49.1%
Above $1,500 34.1%
Above $1,900 25.9%
HOUSEHOLD INCOME RANGE

Approximately 3,182 of households in this neighborhood have a total annual income of $52,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,324 per month.

MINIMUM INCOME RANGE : $52,960

Income % Distribution
<$20K 26.9%
$20K-$35K 13.6%
$35K-$60K 25.5%
$60K-$100K 17.3%
>=$100K 16.8%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 38% 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 3.6%
5-9 mins 16.1%
10-14 mins 18.2%
15-19 mins 14.8%
20-29 mins 28.3%
30-44 mins 8.2%
45-59 mins 4.4%
>60 mins 6.3%

RADFORD Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 15.3%
Construction 5.1%
Educational Services 17.5%
Health Care & Social Assistance 11.7%
Manufacturing 12.0%
Retail & Wholesale Trader 14.9%
Other 23.5%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 40% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 11.9%
15-19 7.2%
20-24 20.9%
25-44 22.6%
45-65 23.4%
66+ 14.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.4%
Healthcare 7.8%
Management, Business, & Financial 17.3%
Natural Resources Maintenance 8.4%
Production & Transportation 12.4%
Sales & Office 22.0%
Other 23.7%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 11.8%
High School 25.9%
Masters Degree 8.7%
Some College 20.2%
Some High School 10.4%
Other 23.0%

5550 Peterson Dr Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in VA , MONTGOMERY County , or the 24141 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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