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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

8531 Road 234 Terra Bella, CA 93270

3 Beds 3 Baths 2,538 sqft Built 2006
Last updated:  Jan 23, 2020

INVESTimate

$308,242

$288K - $329K

Price Est.

$1,421

$1.3K - $1.5K

Rent Est.

$327,785  ( +6.34%)   1 YR EST. FORECAST
  
  
  

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8531 Road 234 PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $121.45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,538 sqft
  • Baths : 2 Full 1 Half

8531 Road 234 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
TERRA BELLA ELEMENTARY SCHOOL Primary Regular 634 27 2
CARL SMITH MIDDLE SCHOOL Middle Regular 264 11 2
PORTERVILLE HIGH SCHOOL High Regular 1,822 67 5

TERRA BELLA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 27
2
GreatSchools Rating

CARL SMITH MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 264
  • # of teachers: 11
2
GreatSchools Rating

PORTERVILLE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,822
  • # of teachers: 67
5
GreatSchools Rating
 

Financial Details

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Neighborhood

TERRA BELLA

  • 5,777

    POPULATION
  • 1,532

    HOUSEHOLDS
  • 44.8%

    WHITE COLLAR

Neighborhood : TERRA BELLA

HOUSEHOLDS
1,532
POPULATION

5,777

38.5%Renters
61.5%Home Owners
LABOR FORCE

 

44.8%White Collar
55.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 13% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,421 per month.

MY RENT : $1,421 MEDIAN RENT : $978

Rent % Distribution LEVEL
$500-699 6.3%
$700-899 29.3%
$900-999 17.0%
$1,000-1,499 41.4%
>=$1,500 6.1%
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 $1,421 would therefore be considered affordable for annual household incomes greater than $56,840 (12 months x 3.333 x $1,421).

Rent % Affordability
Above $500 62.9%
Above $700 54.3%
Above $1,100 42.3%
Above $1,500 26.8%
Above $1,900 20.7%
HOUSEHOLD INCOME RANGE

Approximately 427 of households in this neighborhood have a total annual income of $56,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,421 per month.

MINIMUM INCOME RANGE : $56,840

Income % Distribution
<$20K 37.1%
$20K-$35K 14.4%
$35K-$60K 21.6%
$60K-$100K 14.8%
>=$100K 12.0%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 11.4%
10-14 mins 6.2%
15-19 mins 25.6%
20-29 mins 20.2%
30-44 mins 11.7%
45-59 mins 4.6%
>60 mins 15.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 13% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,421 per month.

MY RENT : $1,421 MEDIAN RENT : $978

Rent % Distribution
$500-699 6.3%
$700-899 29.3%
$900-999 17.0%
$1,000-1,499 41.4%
>=$1,500 6.1%
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 $1,421 would therefore be considered affordable for annual household incomes greater than $56,840 (12 months x 3.333 x $1,421).

Rent % Affordability
Above $500 62.9%
Above $700 54.3%
Above $1,100 42.3%
Above $1,500 26.8%
Above $1,900 20.7%
HOUSEHOLD INCOME RANGE

Approximately 427 of households in this neighborhood have a total annual income of $56,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,421 per month.

MINIMUM INCOME RANGE : $56,840

Income % Distribution
<$20K 37.1%
$20K-$35K 14.4%
$35K-$60K 21.6%
$60K-$100K 14.8%
>=$100K 12.0%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 11.4%
10-14 mins 6.2%
15-19 mins 25.6%
20-29 mins 20.2%
30-44 mins 11.7%
45-59 mins 4.6%
>60 mins 15.3%

TERRA BELLA Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 49.0%
Arts & Entertainment 4.9%
Construction 7.0%
Educational Services 6.7%
Health Care & Social Assistance 7.9%
Retail & Wholesale Trader 8.2%
Other 16.4%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 43% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 25.0%
15-19 10.5%
20-24 7.7%
25-44 25.2%
45-65 21.5%
66+ 10.2%
OCCUPATION

Occupation % Distribution
Clean 6.3%
Management, Business, & Financial 19.7%
Natural Resources Maintenance 31.0%
Production & Transportation 18.7%
Sales & Office 9.5%
Social 3.7%
Other 11.2%
HIGHEST EDUCATION LEVEL

8% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.9%
High School 24.1%
Masters Degree 1.3%
Some College 15.5%
Some High School 47.1%
Other 6.0%

8531 Road 234 Comps

Sorry, we do not have sufficient data available.

8531 Road 234, Terra Bella, CA 93270 is a single family home of 2,538 sqft. HomeUnion INVESTimateĀ® for 8531 Road 234 includes a Price Estimate of $308,242 and a Rent Estimate of $1,421. This single family home has 3 bedrooms,3 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 5.53% and Total Return of 18.51%. The estimated 1 year forecast in home value for 8531 Road 234 is 6.34%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , TULARE County , or the 93270 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 93274
  2. 93267
  3. 93218