INVESTimate
$169,981
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816 W 16th Ave PROPERTY INFO
FACTS
- Built In 1982
- Price/Sqft : $125.67
CONSTRUCTION
- Beds : 6
- Floor Size : 4,504 sqft
- Baths : 5 Full
816 W 16th Ave SCHOOLS
Financial Details
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South Anchorage
Neighborhood : South Anchorage
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $4,492 per month.
MY RENT : $4,492 MEDIAN RENT : $2,120
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 $4,492 would therefore be considered affordable for annual household incomes greater than $179,680 (12 months x 3.333 x $4,492).
HOUSEHOLD INCOME RANGE
Approximately 236 of households in this neighborhood have a total annual income of $179,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,492 per month.
MINIMUM INCOME RANGE : $179,680
COMMUTE TIME DISTRIBUTION
46% of the working population has a commute time of 15 to 44 minutes, 50% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.
South Anchorage Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 7.2% |
Educational Services | 8.1% |
Health Care & Social Assistance | 19.4% |
Professional & Scientific Tech Services | 14.2% |
Public Administration | 6.4% |
Retail & Wholesale Trader | 10.9% |
Other | 34.0% |
AGE DISTRIBUTION
62% of the population is between the ages of 25 and 64, 18% is 24 or younger and 21% is 65 or older.
Age | % Distribution |
---|---|
<15 | 7.6% |
15-19 | 2.6% |
20-24 | 7.5% |
25-44 | 29.4% |
45-65 | 32.2% |
66+ | 20.7% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 12.3% |
Healthcare | 11.1% |
Management, Business, & Financial | 28.7% |
Natural Resources Maintenance | 7.4% |
Production & Transportation | 6.1% |
Sales & Office | 16.9% |
Other | 17.5% |
HIGHEST EDUCATION LEVEL
30% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 5.1% |
High School | 12.6% |
Masters Degree | 13.0% |
Professional | 9.3% |
Some College | 22.4% |
Other | 37.6% |
816 W 16th Ave Comps
816 W 16th Ave, Anchorage, AK 99501 is a single family home of 4,504 sqft. HomeUnion INVESTimate® for 816 W 16th Ave includes a Price Estimate of $566,005 and a Rent Estimate of $4,492. This single family home has 6 bedrooms,5 bathrooms, and was built in 1982. This property has an estimated 15 year annualized Yield of 9.52% and Total Return of 19.91%. The estimated 1 year forecast in home value for 816 W 16th Ave 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