INVESTimate
$120,303
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681 Cedar St PROPERTY INFO
FACTS
- Built In 1983
- Price/Sqft : $233.10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,667 sqft
- Baths : 3 Full
681 Cedar St SCHOOLS
Financial Details
See Financial Details
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Government Hill
Neighborhood : Government Hill
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 $2,945 per month.
MY RENT : $2,945 MEDIAN RENT : $2,172
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 $2,945 would therefore be considered affordable for annual household incomes greater than $117,800 (12 months x 3.333 x $2,945).
HOUSEHOLD INCOME RANGE
Approximately 100 of households in this neighborhood have a total annual income of $117,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,945 per month.
MINIMUM INCOME RANGE : $117,800
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.
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% |
681 Cedar St Comps
681 Cedar St, Anchorage, AK 99501 is a single family home of 1,667 sqft. HomeUnion INVESTimate® for 681 Cedar St includes a Price Estimate of $388,582 and a Rent Estimate of $2,945. This single family home has 3 bedrooms,3 bathrooms, and was built in 1983. This property has an estimated 15 year annualized Yield of 9.09% and Total Return of 20.16%. The estimated 1 year forecast in home value for 681 Cedar St 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