1. < 15th W Ave

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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

611 W 15th Ave Anchorage, AK 99501

3 Beds 2 Baths 1,624 sqft Built 1942
Last updated:  May 30, 2018

INVESTimate

$354,024

$301K - $407K

Price Est.

$2,239

$2.0K - $2.5K

Rent Est.

$110,627

Investment Est.

$368,150  ( +3.99%)   1 YR EST. FORECAST

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611 W 15th Ave PROPERTY INFO

FACTS
  • Built In 1942
  • Price/Sqft : $218.00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,624 sqft
  • Baths : 2 Full

611 W 15th Ave 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

ANCHORAGE

  • 17,032

    POPULATION

  • 7,491

    HOUSEHOLDS

  • 66.6%

    WHITE COLLAR

Neighborhood : ANCHORAGE

HOUSEHOLDS
7,491
POPULATION

17,032

69.0%Renters
31.0%Home Owners
LABOR FORCE

 

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

Approximately 72% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,239 per month.

MY RENT : $2,239 MEDIAN RENT : $1,902

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 27.5%
>=$1,500 72.2%
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 $2,239 would therefore be considered affordable for annual household incomes greater than $89,560 (12 months x 3.333 x $2,239).

Rent % Affordability
Above $500 80.2%
Above $700 72.9%
Above $1,100 57.8%
Above $1,500 47.2%
Above $1,900 37.6%
HOUSEHOLD INCOME RANGE

Approximately 2,017 of households in this neighborhood have a total annual income of $89,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,239 per month.

MINIMUM INCOME RANGE : $89,560

Income % Distribution
<$20K 19.8%
$20K-$35K 14.2%
$35K-$60K 18.9%
$60K-$100K 22.6%
>=$100K 24.6%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 47% 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 4.1%
5-9 mins 14.7%
10-14 mins 28.4%
15-19 mins 26.4%
20-29 mins 16.3%
30-44 mins 5.1%
45-59 mins 2.7%
>60 mins 2.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 72% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,239 per month.

MY RENT : $2,239 MEDIAN RENT : $1,902

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 27.5%
>=$1,500 72.2%
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 $2,239 would therefore be considered affordable for annual household incomes greater than $89,560 (12 months x 3.333 x $2,239).

Rent % Affordability
Above $500 80.2%
Above $700 72.9%
Above $1,100 57.8%
Above $1,500 47.2%
Above $1,900 37.6%
HOUSEHOLD INCOME RANGE

Approximately 2,017 of households in this neighborhood have a total annual income of $89,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,239 per month.

MINIMUM INCOME RANGE : $89,560

Income % Distribution
<$20K 19.8%
$20K-$35K 14.2%
$35K-$60K 18.9%
$60K-$100K 22.6%
>=$100K 24.6%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 47% 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 4.1%
5-9 mins 14.7%
10-14 mins 28.4%
15-19 mins 26.4%
20-29 mins 16.3%
30-44 mins 5.1%
45-59 mins 2.7%
>60 mins 2.2%
ANCHORAGE Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 12.1%
Educational Services 5.9%
Health Care & Social Assistance 18.3%
Professional & Scientific Tech Services 10.5%
Public Administration 9.3%
Retail & Wholesale Trader 10.2%
Other 33.8%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 7.3%
Healthcare 11.5%
Management, Business, & Financial 21.9%
Natural Resources Maintenance 6.8%
Production & Transportation 9.1%
Sales & Office 18.8%
Other 24.6%
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 14.7%
15-19 4.5%
20-24 8.3%
25-44 32.0%
45-65 27.4%
66+ 13.0%
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 8.3%
High School 23.3%
Masters Degree 7.2%
Some College 26.3%
Some High School 9.2%
Other 25.7%

ANCHORAGE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 12.1%
Educational Services 5.9%
Health Care & Social Assistance 18.3%
Professional & Scientific Tech Services 10.5%
Public Administration 9.3%
Retail & Wholesale Trader 10.2%
Other 33.8%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 28% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 14.7%
15-19 4.5%
20-24 8.3%
25-44 32.0%
45-65 27.4%
66+ 13.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.3%
Healthcare 11.5%
Management, Business, & Financial 21.9%
Natural Resources Maintenance 6.8%
Production & Transportation 9.1%
Sales & Office 18.8%
Other 24.6%
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 8.3%
High School 23.3%
Masters Degree 7.2%
Some College 26.3%
Some High School 9.2%
Other 25.7%

611 W 15th Ave Comps

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611 W 15th Ave, Anchorage, AK 99501 is a single family home of 1,624 sqft. HomeUnion INVESTimate® for 611 W 15th Ave includes a Price Estimate of $354,024 and a Rent Estimate of $2,239. This single family home has 3 bedrooms,2 bathrooms, and was built in 1942. This property has an estimated 15 year annualized Yield of 7.59% and Total Return of 15.04%. The estimated 1 year forecast in home value for 611 W 15th Ave is 3.99%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AK, ANCHORAGE County, or the 99501 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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