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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

8602 Bannerman Bluff Ct Tallahassee, FL 32312

0 Beds 0 Baths 1,412 sqft Built 1997
Last updated:  Jan 23, 2020

INVESTimate

$196,460

$192K - $201K

Price Est.

$1,294

$1.1K - $1.5K

Rent Est.

$204,927  ( +4.31%)   1 YR EST. FORECAST
  
  
  

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8602 Bannerman Bluff Ct PROPERTY INFO

FACTS
  • Built In 1997
  • Price/Sqft : $139.14
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,412 sqft
  • Baths : 0 Full

8602 Bannerman Bluff Ct SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HAWKS RISE ELEMENTARY SCHOOL Primary Regular 835 50 10
DEERLAKE MIDDLE SCHOOL Middle Regular 923 44 10
CHILES HIGH SCHOOL High Regular 1,972 90 9

HAWKS RISE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 835
  • # of teachers: 50
10
GreatSchools Rating

DEERLAKE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 923
  • # of teachers: 44
10
GreatSchools Rating

CHILES HIGH SCHOOL

  • Education Level: High
  • # of students: 1,972
  • # of teachers: 90
9
GreatSchools Rating
 

Financial Details

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Neighborhood

TALLAHASSEE

  • 32,740

    POPULATION
  • 12,499

    HOUSEHOLDS
  • 85.0%

    WHITE COLLAR

Neighborhood : TALLAHASSEE

HOUSEHOLDS
12,499
POPULATION

32,740

18.6%Renters
81.4%Home Owners
LABOR FORCE

 

85.0%White Collar
15.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 84% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,294 per month.

MY RENT : $1,294 MEDIAN RENT : $1,911

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.9%
$900-999 1.2%
$1,000-1,499 22.9%
>=$1,500 74.9%
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 $1,294 would therefore be considered affordable for annual household incomes greater than $51,760 (12 months x 3.333 x $1,294).

Rent % Affordability
Above $500 92.6%
Above $700 88.8%
Above $1,100 80.2%
Above $1,500 70.1%
Above $1,900 60.8%
HOUSEHOLD INCOME RANGE

Approximately 9,006 of households in this neighborhood have a total annual income of $51,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,294 per month.

MINIMUM INCOME RANGE : $51,760

Income % Distribution
<$20K 7.4%
$20K-$35K 8.0%
$35K-$60K 14.6%
$60K-$100K 24.1%
>=$100K 46.0%
COMMUTE TIME DISTRIBUTION

74% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 7.1%
10-14 mins 9.9%
15-19 mins 15.3%
20-29 mins 31.1%
30-44 mins 27.8%
45-59 mins 5.2%
>60 mins 3.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 84% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,294 per month.

MY RENT : $1,294 MEDIAN RENT : $1,911

Rent % Distribution
$500-699 0.0%
$700-899 0.9%
$900-999 1.2%
$1,000-1,499 22.9%
>=$1,500 74.9%
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 $1,294 would therefore be considered affordable for annual household incomes greater than $51,760 (12 months x 3.333 x $1,294).

Rent % Affordability
Above $500 92.6%
Above $700 88.8%
Above $1,100 80.2%
Above $1,500 70.1%
Above $1,900 60.8%
HOUSEHOLD INCOME RANGE

Approximately 9,006 of households in this neighborhood have a total annual income of $51,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,294 per month.

MINIMUM INCOME RANGE : $51,760

Income % Distribution
<$20K 7.4%
$20K-$35K 8.0%
$35K-$60K 14.6%
$60K-$100K 24.1%
>=$100K 46.0%
COMMUTE TIME DISTRIBUTION

74% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 7.1%
10-14 mins 9.9%
15-19 mins 15.3%
20-29 mins 31.1%
30-44 mins 27.8%
45-59 mins 5.2%
>60 mins 3.1%

TALLAHASSEE Demographics

INDUSTRY

Industry % Distribution
Educational Services 15.0%
Financial Industries 7.0%
Health Care & Social Assistance 13.2%
Professional & Scientific Tech Services 13.3%
Public Administration 14.4%
Retail & Wholesale Trader 10.1%
Other 26.9%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 32% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 18.4%
15-19 7.8%
20-24 5.7%
25-44 21.0%
45-65 30.1%
66+ 17.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.4%
Construction 9.9%
Healthcare 9.6%
Legal 5.3%
Management, Business, & Financial 29.6%
Sales & Office 20.7%
Other 16.5%
HIGHEST EDUCATION LEVEL

38% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.5%
High School 11.1%
Masters Degree 16.1%
Professional 7.4%
Some College 15.3%
Other 41.5%

8602 Bannerman Bluff Ct Comps

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8602 Bannerman Bluff Ct, Tallahassee, FL 32312 is a single family home of 1,412 sqft. HomeUnion INVESTimateĀ® for 8602 Bannerman Bluff Ct includes a Price Estimate of $196,460 and a Rent Estimate of $1,294. This single family home has 0 bedrooms,0 bathrooms, and was built in 1997. This property has an estimated 15 year annualized Yield of 7.90% and Total Return of 15.80%. The estimated 1 year forecast in home value for 8602 Bannerman Bluff Ct is 4.31%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , LEON County , or the 32312 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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