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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

66 Long Meadow Dr Glocester, RI 02859

1 Beds 0 Baths 446 sqft Built 1930
Last updated:  Jan 23, 2020

INVESTimate

$233,813

$199K - $269K

Price Est.

$1,075

949 - $1.2K

Rent Est.

$250,484  ( +7.13%)   1 YR EST. FORECAST
  
  
  

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66 Long Meadow Dr PROPERTY INFO

FACTS
  • Built In 1930
  • Price/Sqft : $524.24
CONSTRUCTION
  • Beds : 1
  • Floor Size : 446 sqft
  • Baths : 0 Full

66 Long Meadow Dr SCHOOLS

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Financial Details

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Neighborhood

PASCOAG

  • 7,339

    POPULATION
  • 2,439

    HOUSEHOLDS
  • 56.0%

    WHITE COLLAR

Neighborhood : PASCOAG

HOUSEHOLDS
2,439
POPULATION

7,339

24.6%Renters
75.4%Home Owners
LABOR FORCE

 

56.0%White Collar
44.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 93% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,075 per month.

MY RENT : $1,075 MEDIAN RENT : $1,630

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.1%
$900-999 1.0%
$1,000-1,499 40.2%
>=$1,500 58.7%
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 $1,075 would therefore be considered affordable for annual household incomes greater than $43,000 (12 months x 3.333 x $1,075).

Rent % Affordability
Above $500 93.0%
Above $700 84.7%
Above $1,100 73.9%
Above $1,500 61.4%
Above $1,900 53.0%
HOUSEHOLD INCOME RANGE

Approximately 1,626 of households in this neighborhood have a total annual income of $43,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,075 per month.

MINIMUM INCOME RANGE : $43,000

Income % Distribution
<$20K 7.0%
$20K-$35K 13.2%
$35K-$60K 18.4%
$60K-$100K 32.0%
>=$100K 29.4%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 5.2%
10-14 mins 6.3%
15-19 mins 3.5%
20-29 mins 11.6%
30-44 mins 33.8%
45-59 mins 20.7%
>60 mins 14.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 93% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,075 per month.

MY RENT : $1,075 MEDIAN RENT : $1,630

Rent % Distribution
$500-699 0.0%
$700-899 0.1%
$900-999 1.0%
$1,000-1,499 40.2%
>=$1,500 58.7%
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 $1,075 would therefore be considered affordable for annual household incomes greater than $43,000 (12 months x 3.333 x $1,075).

Rent % Affordability
Above $500 93.0%
Above $700 84.7%
Above $1,100 73.9%
Above $1,500 61.4%
Above $1,900 53.0%
HOUSEHOLD INCOME RANGE

Approximately 1,626 of households in this neighborhood have a total annual income of $43,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,075 per month.

MINIMUM INCOME RANGE : $43,000

Income % Distribution
<$20K 7.0%
$20K-$35K 13.2%
$35K-$60K 18.4%
$60K-$100K 32.0%
>=$100K 29.4%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 5.2%
10-14 mins 6.3%
15-19 mins 3.5%
20-29 mins 11.6%
30-44 mins 33.8%
45-59 mins 20.7%
>60 mins 14.5%

PASCOAG Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.2%
Construction 9.4%
Educational Services 10.5%
Health Care & Social Assistance 13.8%
Manufacturing 9.9%
Retail & Wholesale Trader 15.4%
Other 31.7%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 27% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 17.3%
15-19 6.7%
20-24 2.6%
25-44 25.8%
45-65 33.3%
66+ 14.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.6%
Construction 5.5%
Management, Business, & Financial 12.7%
Natural Resources Maintenance 13.6%
Production & Transportation 13.1%
Sales & Office 27.8%
Other 19.7%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.3%
High School 34.8%
Masters Degree 5.1%
Some College 18.0%
Some High School 11.4%
Other 21.3%

66 Long Meadow Dr Comps

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66 Long Meadow Dr, Glocester, RI 02859 is a single family home of 446 sqft. HomeUnion INVESTimateĀ® for 66 Long Meadow Dr includes a Price Estimate of $233,813 and a Rent Estimate of $1,075. This single family home has 1 bedrooms,0 bathrooms, and was built in 1930. This property has an estimated 15 year annualized Yield of 5.52% and Total Return of 16.68%. The estimated 1 year forecast in home value for 66 Long Meadow Dr is 7.13%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in RI , PROVIDENCE County , or the 02859 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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