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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

620 Hollywood Dr Anchorage, AK 99501

6 Beds 2 Baths 2,380 sqft Built 1962
Last updated:  May 30, 2018

INVESTimate

$350,145

$298K - $403K

Price Est.

$2,896

$2.7K - $3.1K

Rent Est.

$364,116  ( +3.99%)   1 YR EST. FORECAST
  
  
  

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620 Hollywood Dr PROPERTY INFO

FACTS
  • Built In 1962
  • Price/Sqft : $147.12
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,380 sqft
  • Baths : 2 Full

620 Hollywood Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GOVERNMENT HILL ELEMENTARY SCHOOL Primary Regular 481 27 7
GOVERNMENT HILL ELEMENTARY SCHOOL Middle Regular 481 27 7
WEST HIGH SCHOOL High Regular 1,840 85 6

GOVERNMENT HILL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 27
7
GreatSchools Rating

GOVERNMENT HILL ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 481
  • # of teachers: 27
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

Government Hill

  • 1,856

    POPULATION
  • 870

    HOUSEHOLDS
  • 55.7%

    WHITE COLLAR

Neighborhood : Government Hill

HOUSEHOLDS
870
POPULATION

1,856

80.1%Renters
19.9%Home Owners
LABOR FORCE

 

55.7%White Collar
44.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,896 per month.

MY RENT : $2,896 MEDIAN RENT : $2,172

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 8.5%
>=$1,500 91.5%
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 $2,896 would therefore be considered affordable for annual household incomes greater than $115,840 (12 months x 3.333 x $2,896).

Rent % Affordability
Above $500 82.0%
Above $700 75.2%
Above $1,100 57.2%
Above $1,500 39.5%
Above $1,900 32.4%
HOUSEHOLD INCOME RANGE

Approximately 102 of households in this neighborhood have a total annual income of $115,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,896 per month.

MINIMUM INCOME RANGE : $115,840

Income % Distribution
<$20K 18.0%
$20K-$35K 15.1%
$35K-$60K 27.4%
$60K-$100K 17.8%
>=$100K 21.8%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 11.8%
10-14 mins 15.5%
15-19 mins 32.5%
20-29 mins 28.8%
30-44 mins 5.8%
45-59 mins 1.1%
>60 mins 2.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,896 per month.

MY RENT : $2,896 MEDIAN RENT : $2,172

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 8.5%
>=$1,500 91.5%
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 $2,896 would therefore be considered affordable for annual household incomes greater than $115,840 (12 months x 3.333 x $2,896).

Rent % Affordability
Above $500 82.0%
Above $700 75.2%
Above $1,100 57.2%
Above $1,500 39.5%
Above $1,900 32.4%
HOUSEHOLD INCOME RANGE

Approximately 102 of households in this neighborhood have a total annual income of $115,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,896 per month.

MINIMUM INCOME RANGE : $115,840

Income % Distribution
<$20K 18.0%
$20K-$35K 15.1%
$35K-$60K 27.4%
$60K-$100K 17.8%
>=$100K 21.8%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 11.8%
10-14 mins 15.5%
15-19 mins 32.5%
20-29 mins 28.8%
30-44 mins 5.8%
45-59 mins 1.1%
>60 mins 2.0%

Government Hill Demographics

INDUSTRY

Industry % Distribution
Administrative Support 10.5%
Arts & Entertainment 18.4%
Educational Services 7.7%
Health Care & Social Assistance 8.8%
Retail & Wholesale Trader 17.2%
Transportation 9.5%
Other 27.9%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 36% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 19.9%
15-19 4.7%
20-24 11.7%
25-44 26.5%
45-65 26.9%
66+ 10.3%
OCCUPATION

Occupation % Distribution
Adesm 5.8%
Education 7.9%
Management, Business, & Financial 12.5%
Natural Resources Maintenance 9.0%
Production & Transportation 10.5%
Sales & Office 27.5%
Other 26.9%
HIGHEST EDUCATION LEVEL

13% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.5%
High School 32.9%
Masters Degree 5.7%
Some College 24.2%
Some High School 10.7%
Other 21.0%

620 Hollywood Dr Comps

Sorry, we do not have sufficient data available.

620 Hollywood Dr, Anchorage, AK 99501 is a single family home of 2,380 sqft. HomeUnion INVESTimate® for 620 Hollywood Dr includes a Price Estimate of $350,145 and a Rent Estimate of $2,896. This single family home has 6 bedrooms,2 bathrooms, and was built in 1962. This property has an estimated 15 year annualized Yield of 9.93% and Total Return of 20.92%. The estimated 1 year forecast in home value for 620 Hollywood Dr 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