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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

801 Hwy 22 Pena Blanca, NM 87041

2 Beds 1 Baths 1,729 sqft Built 1986
Last updated:  Nov 28, 2019

INVESTimate

$490,090

$452K - $528K

Price Est.

$1,280

$1.2K - $1.4K

Rent Est.

$511,507  ( +4.37%)   1 YR EST. FORECAST
  
  
  

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801 Hwy 22 PROPERTY INFO

FACTS
  • Built In 1986
  • Price/Sqft : $283.45
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,729 sqft
  • Baths : 1 Full

801 Hwy 22 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BERNALILLO HIGH SCHOOL High Regular 908 67 NA

BERNALILLO HIGH SCHOOL

  • Education Level: High
  • # of students: 908
  • # of teachers: 67
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

PENA BLANCA

  • 933

    POPULATION
  • 284

    HOUSEHOLDS
  • 48.5%

    WHITE COLLAR

Neighborhood : PENA BLANCA

HOUSEHOLDS
284
POPULATION

933

23.2%Renters
76.8%Home Owners
LABOR FORCE

 

48.5%White Collar
51.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,280 per month.

MY RENT : $1,280 MEDIAN RENT : $1,234

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.6%
$900-999 10.7%
$1,000-1,499 79.7%
>=$1,500 9.0%
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 $1,280 would therefore be considered affordable for annual household incomes greater than $51,200 (12 months x 3.333 x $1,280).

Rent % Affordability
Above $500 76.4%
Above $700 68.8%
Above $1,100 49.8%
Above $1,500 37.7%
Above $1,900 20.9%
HOUSEHOLD INCOME RANGE

Approximately 116 of households in this neighborhood have a total annual income of $51,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,280 per month.

MINIMUM INCOME RANGE : $51,200

Income % Distribution
<$20K 23.6%
$20K-$35K 16.9%
$35K-$60K 21.8%
$60K-$100K 31.0%
>=$100K 6.7%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.3%
5-9 mins 11.7%
10-14 mins 9.1%
15-19 mins 5.7%
20-29 mins 2.8%
30-44 mins 34.7%
45-59 mins 19.6%
>60 mins 10.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,280 per month.

MY RENT : $1,280 MEDIAN RENT : $1,234

Rent % Distribution
$500-699 0.0%
$700-899 0.6%
$900-999 10.7%
$1,000-1,499 79.7%
>=$1,500 9.0%
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 $1,280 would therefore be considered affordable for annual household incomes greater than $51,200 (12 months x 3.333 x $1,280).

Rent % Affordability
Above $500 76.4%
Above $700 68.8%
Above $1,100 49.8%
Above $1,500 37.7%
Above $1,900 20.9%
HOUSEHOLD INCOME RANGE

Approximately 116 of households in this neighborhood have a total annual income of $51,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,280 per month.

MINIMUM INCOME RANGE : $51,200

Income % Distribution
<$20K 23.6%
$20K-$35K 16.9%
$35K-$60K 21.8%
$60K-$100K 31.0%
>=$100K 6.7%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.3%
5-9 mins 11.7%
10-14 mins 9.1%
15-19 mins 5.7%
20-29 mins 2.8%
30-44 mins 34.7%
45-59 mins 19.6%
>60 mins 10.1%

PENA BLANCA Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 12.0%
Construction 10.3%
Educational Services 11.7%
Health Care & Social Assistance 21.1%
Public Administration 12.0%
Retail & Wholesale Trader 10.9%
Other 22.0%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 40% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 23.5%
15-19 7.8%
20-24 8.6%
25-44 25.2%
45-65 24.5%
66+ 10.4%
OCCUPATION

Occupation % Distribution
Construction 11.1%
Healthcare 9.3%
Natural Resources Maintenance 15.0%
PCare 8.0%
Protect 7.1%
Sales & Office 25.2%
Other 24.3%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.8%
High School 37.9%
Masters Degree 2.7%
Some College 28.5%
Some High School 13.3%
Other 6.7%

801 Hwy 22 Comps

Sorry, we do not have sufficient data available.

801 Hwy 22, Pena Blanca, NM 87041 is a single family home of 1,729 sqft. HomeUnion INVESTimateĀ® for 801 Hwy 22 includes a Price Estimate of $490,090 and a Rent Estimate of $1,280. This single family home has 2 bedrooms,1 bathrooms, and was built in 1986. This property has an estimated 15 year annualized Yield of 3.13% and Total Return of 10.24%. The estimated 1 year forecast in home value for 801 Hwy 22 is 4.37%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NM , SANDOVAL County , or the 87041 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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