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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

605 Fairway Ridge Dr West Jefferson, NC 28694

0 Beds 0 Baths 3,693 sqft Built 2008
Last updated:  Nov 28, 2019

INVESTimate

$471,751

$424K - $520K

Price Est.

$994

868 - $1.1K

Rent Est.

$493,404  ( +4.59%)   1 YR EST. FORECAST
  
  
  

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605 Fairway Ridge Dr PROPERTY INFO

FACTS
  • Built In 2008
  • Price/Sqft : $127.74
CONSTRUCTION
  • Beds : 0
  • Floor Size : 3,693 sqft
  • Baths : 0 Full

605 Fairway Ridge Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ASHE COUNTY HIGH SCHOOL High Regular 905 65 6

ASHE COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 905
  • # of teachers: 65
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Fairway Ridge

  • 28

    POPULATION
  • 12

    HOUSEHOLDS
  • 48.9%

    WHITE COLLAR

Neighborhood : Fairway Ridge

HOUSEHOLDS
12
POPULATION

28

16.7%Renters
83.3%Home Owners
LABOR FORCE

 

48.9%White Collar
51.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $994 per month.

MY RENT : $994 MEDIAN RENT : $960

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 83.5%
$1,000-1,499 16.5%
>=$1,500 0.0%
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 $994 would therefore be considered affordable for annual household incomes greater than $39,760 (12 months x 3.333 x $994).

Rent % Affordability
Above $500 62.5%
Above $700 55.0%
Above $1,100 37.5%
Above $1,500 25.0%
Above $1,900 0.0%
HOUSEHOLD INCOME RANGE

Approximately 2 of households in this neighborhood have a total annual income of $39,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $994 per month.

MINIMUM INCOME RANGE : $39,760

Income % Distribution
<$20K 37.5%
$20K-$35K 25.0%
$35K-$60K 12.5%
$60K-$100K 25.0%
>=$100K 0.0%
COMMUTE TIME DISTRIBUTION

40% of the working population has a commute time of 15 to 44 minutes, 40% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 20.0%
10-14 mins 20.0%
15-19 mins 30.0%
20-29 mins 0.0%
30-44 mins 10.0%
45-59 mins 10.0%
>60 mins 10.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $994 per month.

MY RENT : $994 MEDIAN RENT : $960

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 83.5%
$1,000-1,499 16.5%
>=$1,500 0.0%
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 $994 would therefore be considered affordable for annual household incomes greater than $39,760 (12 months x 3.333 x $994).

Rent % Affordability
Above $500 62.5%
Above $700 55.0%
Above $1,100 37.5%
Above $1,500 25.0%
Above $1,900 0.0%
HOUSEHOLD INCOME RANGE

Approximately 2 of households in this neighborhood have a total annual income of $39,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $994 per month.

MINIMUM INCOME RANGE : $39,760

Income % Distribution
<$20K 37.5%
$20K-$35K 25.0%
$35K-$60K 12.5%
$60K-$100K 25.0%
>=$100K 0.0%
COMMUTE TIME DISTRIBUTION

40% of the working population has a commute time of 15 to 44 minutes, 40% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 20.0%
10-14 mins 20.0%
15-19 mins 30.0%
20-29 mins 0.0%
30-44 mins 10.0%
45-59 mins 10.0%
>60 mins 10.0%

Fairway Ridge Demographics

INDUSTRY

Industry % Distribution
Financial Industries 10.0%
Health Care & Social Assistance 10.0%
Information 10.0%
Manufacturing 20.0%
Real Estate 10.0%
Retail & Wholesale Trader 20.0%
Other 20.0%
AGE DISTRIBUTION

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

Age % Distribution
<15 14.3%
15-19 7.1%
20-24 3.6%
25-44 25.0%
45-65 25.0%
66+ 25.0%
OCCUPATION

Occupation % Distribution
Education 12.5%
Healthcare 12.5%
Management, Business, & Financial 12.5%
Natural Resources Maintenance 12.5%
Production & Transportation 25.0%
Sales & Office 25.0%
Other 0.0%
HIGHEST EDUCATION LEVEL

10% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.8%
High School 33.3%
Masters Degree 4.8%
Some College 23.8%
Some High School 23.8%
Other 9.5%

605 Fairway Ridge Dr Comps

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605 Fairway Ridge Dr, West Jefferson, NC 28694 is a single family home of 3,693 sqft. HomeUnion INVESTimateĀ® for 605 Fairway Ridge Dr includes a Price Estimate of $471,751 and a Rent Estimate of $994. This single family home has 0 bedrooms,0 bathrooms, and was built in 2008. This property has an estimated 15 year annualized Yield of 2.53% and Total Return of 9.15%. The estimated 1 year forecast in home value for 605 Fairway Ridge Dr is 4.59%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , ASHE County , or the 28694 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 28626
  2. 28640