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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.

64 Highway 98 Mexico Beach, FL 32456

3 Beds 1 Baths 1,428 sqft Built 1955
Last updated:  Nov 28, 2019

INVESTimate

$579,773

$551K - $609K

Price Est.

$1,858

$1.5K - $2.2K

Rent Est.

$621,401  ( +7.18%)   1 YR EST. FORECAST

64 Highway 98 PROPERTY INFO

FACTS
  • Built In 1955
  • Price/Sqft : $406.00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,428 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
64 Highway 98, Mexico Beach, FL 32456 is a single family home of 1,428 sqft. HomeUnion estimate for 64 Highway 98 includes a Price Estimate of $579,773 and a Rent Estimate of $1,858. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1955. This property has an estimated 15 year annualized Yield of 3.85% and Total Return of 16.03%. The estimated 1 year forecast in home value for 64 Highway 98 is 7.18%.
  
  
  

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64 Highway 98 SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

PORT SAINT JOE

  • 8,720

    POPULATION
  • 3,588

    HOUSEHOLDS
  • 52.1%

    WHITE COLLAR

Neighborhood : PORT SAINT JOE

HOUSEHOLDS
3,588
POPULATION

8,720

29.2%Renters
70.8%Home Owners
LABOR FORCE

 

52.1%White Collar
47.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,858 per month.

MY RENT : $1,858 MEDIAN RENT : $1,602

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.6%
$900-999 5.4%
$1,000-1,499 34.8%
>=$1,500 58.1%
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 $1,858 would therefore be considered affordable for annual household incomes greater than $74,320 (12 months x 3.333 x $1,858).

Rent % Affordability
Above $500 84.5%
Above $700 71.4%
Above $1,100 50.0%
Above $1,500 39.7%
Above $1,900 28.2%
HOUSEHOLD INCOME RANGE

Approximately 770 of households in this neighborhood have a total annual income of $74,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,858 per month.

MINIMUM INCOME RANGE : $74,320

Income % Distribution
<$20K 15.5%
$20K-$35K 22.6%
$35K-$60K 22.2%
$60K-$100K 24.5%
>=$100K 15.2%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 44% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.6%
5-9 mins 18.5%
10-14 mins 16.5%
15-19 mins 19.5%
20-29 mins 16.1%
30-44 mins 7.5%
45-59 mins 8.8%
>60 mins 4.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,858 per month.

MY RENT : $1,858 MEDIAN RENT : $1,602

Rent % Distribution
$500-699 0.0%
$700-899 1.6%
$900-999 5.4%
$1,000-1,499 34.8%
>=$1,500 58.1%
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 $1,858 would therefore be considered affordable for annual household incomes greater than $74,320 (12 months x 3.333 x $1,858).

Rent % Affordability
Above $500 84.5%
Above $700 71.4%
Above $1,100 50.0%
Above $1,500 39.7%
Above $1,900 28.2%
HOUSEHOLD INCOME RANGE

Approximately 770 of households in this neighborhood have a total annual income of $74,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,858 per month.

MINIMUM INCOME RANGE : $74,320

Income % Distribution
<$20K 15.5%
$20K-$35K 22.6%
$35K-$60K 22.2%
$60K-$100K 24.5%
>=$100K 15.2%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 44% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.6%
5-9 mins 18.5%
10-14 mins 16.5%
15-19 mins 19.5%
20-29 mins 16.1%
30-44 mins 7.5%
45-59 mins 8.8%
>60 mins 4.5%

PORT SAINT JOE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.8%
Construction 9.8%
Health Care & Social Assistance 10.3%
Professional & Scientific Tech Services 6.9%
Public Administration 8.6%
Retail & Wholesale Trader 15.2%
Other 37.4%
AGE DISTRIBUTION

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

Age % Distribution
<15 12.5%
15-19 6.0%
20-24 5.1%
25-44 22.4%
45-65 30.1%
66+ 23.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.2%
Management, Business, & Financial 11.1%
Natural Resources Maintenance 13.5%
Production & Transportation 9.7%
Protect 8.6%
Sales & Office 27.6%
Other 22.2%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.0%
High School 31.3%
Masters Degree 7.0%
Some College 22.1%
Some High School 10.2%
Other 19.4%

64 Highway 98 Comps

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