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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

7308 Oak Ridge Dr N Richland Hills, TX 76182

3 Beds 2 Baths 1,810 sqft Built 1995
Last updated:  Oct 23, 2019

INVESTimate

$274,442

$253K - $296K

Price Est.

$1,699

$1.6K - $1.8K

Rent Est.

$293,571  ( +6.97%)   1 YR EST. FORECAST
  
  
  

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7308 Oak Ridge Dr PROPERTY INFO

FACTS
  • Built In 1995
  • Price/Sqft : $151.63
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,810 sqft
  • Baths : 2 Full

7308 Oak Ridge Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GREEN VALLEY ELEMENTARY SCHOOL Primary Regular 503 29 10
NORTH RIDGE MIDDLE SCHOOL Middle Regular 814 48 9
NORTH RIDGE MIDDLE SCHOOL High Regular 814 48 9

GREEN VALLEY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 29
10
GreatSchools Rating

NORTH RIDGE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 814
  • # of teachers: 48
9
GreatSchools Rating

NORTH RIDGE MIDDLE SCHOOL

  • Education Level: High
  • # of students: 814
  • # of teachers: 48
9
GreatSchools Rating
 

Financial Details

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Neighborhood

Century Oaks

  • 391

    POPULATION
  • 154

    HOUSEHOLDS
  • 74.3%

    WHITE COLLAR

Neighborhood : Century Oaks

HOUSEHOLDS
154
POPULATION

391

6.0%Renters
94.0%Home Owners
LABOR FORCE

 

74.3%White Collar
25.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,699 per month.

MY RENT : $1,699 MEDIAN RENT : $1,819

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $1,699 would therefore be considered affordable for annual household incomes greater than $67,960 (12 months x 3.333 x $1,699).

Rent % Affordability
Above $500 98.0%
Above $700 94.6%
Above $1,100 82.2%
Above $1,500 71.2%
Above $1,900 62.2%
HOUSEHOLD INCOME RANGE

Approximately 86 of households in this neighborhood have a total annual income of $67,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,699 per month.

MINIMUM INCOME RANGE : $67,960

Income % Distribution
<$20K 2.0%
$20K-$35K 5.9%
$35K-$60K 20.9%
$60K-$100K 22.2%
>=$100K 49.0%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 9.2%
10-14 mins 18.3%
15-19 mins 13.5%
20-29 mins 25.8%
30-44 mins 19.7%
45-59 mins 3.9%
>60 mins 7.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,699 per month.

MY RENT : $1,699 MEDIAN RENT : $1,819

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $1,699 would therefore be considered affordable for annual household incomes greater than $67,960 (12 months x 3.333 x $1,699).

Rent % Affordability
Above $500 98.0%
Above $700 94.6%
Above $1,100 82.2%
Above $1,500 71.2%
Above $1,900 62.2%
HOUSEHOLD INCOME RANGE

Approximately 86 of households in this neighborhood have a total annual income of $67,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,699 per month.

MINIMUM INCOME RANGE : $67,960

Income % Distribution
<$20K 2.0%
$20K-$35K 5.9%
$35K-$60K 20.9%
$60K-$100K 22.2%
>=$100K 49.0%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 9.2%
10-14 mins 18.3%
15-19 mins 13.5%
20-29 mins 25.8%
30-44 mins 19.7%
45-59 mins 3.9%
>60 mins 7.9%

Century Oaks Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.6%
Construction 11.0%
Manufacturing 10.2%
Professional & Scientific Tech Services 13.1%
Public Administration 6.4%
Retail & Wholesale Trader 13.6%
Other 38.1%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 26% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 13.6%
15-19 8.2%
20-24 3.8%
25-44 14.3%
45-65 44.5%
66+ 15.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.7%
Construction 5.4%
Management, Business, & Financial 28.0%
Natural Resources Maintenance 7.7%
Production & Transportation 10.1%
Sales & Office 33.3%
Other 7.7%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.2%
High School 26.8%
Masters Degree 8.2%
Some College 32.6%
Some High School 3.8%
Other 21.3%

7308 Oak Ridge Dr Comps

Sorry, we do not have sufficient data available.

7308 Oak Ridge Dr, N Richland Hills, TX 76182 is a single family home of 1,810 sqft. HomeUnion INVESTimateĀ® for 7308 Oak Ridge Dr includes a Price Estimate of $274,442 and a Rent Estimate of $1,699. This single family home has 3 bedrooms,2 bathrooms, and was built in 1995. This property has an estimated 15 year annualized Yield of 7.43% and Total Return of 21.19%. The estimated 1 year forecast in home value for 7308 Oak Ridge Dr is 6.97%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , TARRANT County , or the 76182 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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