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840 Section Line Ave PROPERTY INFO
FACTS
- Built In 1915
- Price/Sqft : $304.91
CONSTRUCTION
- Beds : 4
- Floor Size : 1,008 sqft
- Baths : 2 Full
840 Section Line Ave SCHOOLS
Financial Details
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SEASIDE
Neighborhood : SEASIDE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,442 per month.
MY RENT : $1,442 MEDIAN RENT : $1,690
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 $1,442 would therefore be considered affordable for annual household incomes greater than $57,680 (12 months x 3.333 x $1,442).
HOUSEHOLD INCOME RANGE
Approximately 1,611 of households in this neighborhood have a total annual income of $57,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,442 per month.
MINIMUM INCOME RANGE : $57,680
COMMUTE TIME DISTRIBUTION
30% of the working population has a commute time of 15 to 44 minutes, 61% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.
SEASIDE Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 5.7% |
| Arts & Entertainment | 15.6% |
| Construction | 7.3% |
| Health Care & Social Assistance | 10.5% |
| Real Estate | 7.2% |
| Retail & Wholesale Trader | 21.7% |
| Other | 32.0% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 29% is 24 or younger and 21% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 15.2% |
| 15-19 | 5.9% |
| 20-24 | 8.0% |
| 25-44 | 22.4% |
| 45-65 | 27.3% |
| 66+ | 21.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 6.3% |
| Education | 7.0% |
| Management, Business, & Financial | 16.2% |
| Natural Resources Maintenance | 12.8% |
| Production & Transportation | 8.6% |
| Sales & Office | 29.3% |
| Other | 19.7% |
HIGHEST EDUCATION LEVEL
18% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.8% |
| High School | 24.9% |
| Masters Degree | 5.9% |
| Some College | 33.4% |
| Some High School | 9.9% |
| Other | 16.2% |
840 Section Line Ave Comps
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840 Section Line Ave, Seaside, OR 97138 is a single family home of 1,008 sqft. HomeUnion INVESTimateĀ® for 840 Section Line Ave includes a Price Estimate of $307,353 and a Rent Estimate of $1,442. This single family home has 4 bedrooms,2 bathrooms, and was built in 1915. This property has an estimated 15 year annualized Yield of 5.63% and Total Return of 19.23%. The estimated 1 year forecast in home value for 840 Section Line Ave is 5.02%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OR , CLATSOP County , or the 97138 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
