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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

75405 Meserve Rd Rainier, OR 97048

4 Beds 2 Baths 1,980 sqft Built 1978
Last updated:  Jan 23, 2020

INVESTimate

$366,820

$345K - $388K

Price Est.

$1,820

$1.6K - $2.1K

Rent Est.

$402,181  ( +9.64%)   1 YR EST. FORECAST
  
  
  

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75405 Meserve Rd PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $185.26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,980 sqft
  • Baths : 2 Full

75405 Meserve Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HUDSON PARK ELEMENTARY SCHOOL Primary Regular 542 24 4
HUDSON PARK ELEMENTARY SCHOOL Middle Regular 542 24 4
RAINIER JR-SR HIGH SCHOOL High Regular 492 19 4

HUDSON PARK ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 542
  • # of teachers: 24
4
GreatSchools Rating

HUDSON PARK ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 542
  • # of teachers: 24
4
GreatSchools Rating

RAINIER JR-SR HIGH SCHOOL

  • Education Level: High
  • # of students: 492
  • # of teachers: 19
4
GreatSchools Rating
 

Financial Details

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Neighborhood

RAINIER

  • 7,163

    POPULATION
  • 2,600

    HOUSEHOLDS
  • 48.0%

    WHITE COLLAR

Neighborhood : RAINIER

HOUSEHOLDS
2,600
POPULATION

7,163

23.2%Renters
76.8%Home Owners
LABOR FORCE

 

48.0%White Collar
52.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,820 per month.

MY RENT : $1,820 MEDIAN RENT : $1,490

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.5%
$900-999 2.2%
$1,000-1,499 48.6%
>=$1,500 48.7%
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 $1,820 would therefore be considered affordable for annual household incomes greater than $72,800 (12 months x 3.333 x $1,820).

Rent % Affordability
Above $500 83.9%
Above $700 74.9%
Above $1,100 58.6%
Above $1,500 42.4%
Above $1,900 30.6%
HOUSEHOLD INCOME RANGE

Approximately 643 of households in this neighborhood have a total annual income of $72,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,820 per month.

MINIMUM INCOME RANGE : $72,800

Income % Distribution
<$20K 16.1%
$20K-$35K 19.2%
$35K-$60K 22.3%
$60K-$100K 24.2%
>=$100K 18.2%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.6%
5-9 mins 11.0%
10-14 mins 8.4%
15-19 mins 10.9%
20-29 mins 19.5%
30-44 mins 13.6%
45-59 mins 7.2%
>60 mins 26.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,820 per month.

MY RENT : $1,820 MEDIAN RENT : $1,490

Rent % Distribution
$500-699 0.0%
$700-899 0.5%
$900-999 2.2%
$1,000-1,499 48.6%
>=$1,500 48.7%
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 $1,820 would therefore be considered affordable for annual household incomes greater than $72,800 (12 months x 3.333 x $1,820).

Rent % Affordability
Above $500 83.9%
Above $700 74.9%
Above $1,100 58.6%
Above $1,500 42.4%
Above $1,900 30.6%
HOUSEHOLD INCOME RANGE

Approximately 643 of households in this neighborhood have a total annual income of $72,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,820 per month.

MINIMUM INCOME RANGE : $72,800

Income % Distribution
<$20K 16.1%
$20K-$35K 19.2%
$35K-$60K 22.3%
$60K-$100K 24.2%
>=$100K 18.2%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.6%
5-9 mins 11.0%
10-14 mins 8.4%
15-19 mins 10.9%
20-29 mins 19.5%
30-44 mins 13.6%
45-59 mins 7.2%
>60 mins 26.9%

RAINIER Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.2%
Health Care & Social Assistance 12.2%
Manufacturing 17.7%
Public Administration 7.0%
Retail & Wholesale Trader 15.7%
Transportation 7.0%
Other 31.2%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 27% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 15.0%
15-19 6.1%
20-24 5.8%
25-44 22.1%
45-65 30.4%
66+ 20.5%
OCCUPATION

Occupation % Distribution
Education 7.9%
Healthcare 10.3%
Management, Business, & Financial 9.2%
Natural Resources Maintenance 12.9%
Production & Transportation 25.0%
Sales & Office 17.0%
Other 17.7%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.4%
High School 33.6%
Masters Degree 4.5%
Some College 30.1%
Some High School 10.7%
Other 10.6%

75405 Meserve Rd Comps

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75405 Meserve Rd, Rainier, OR 97048 is a single family home of 1,980 sqft. HomeUnion INVESTimateĀ® for 75405 Meserve Rd includes a Price Estimate of $366,820 and a Rent Estimate of $1,820. This single family home has 4 bedrooms,2 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 5.95% and Total Return of 29.44%. The estimated 1 year forecast in home value for 75405 Meserve Rd is 9.64%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OR , COLUMBIA County , or the 97048 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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