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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

864 Martin Luther King Blvd Corrigan, TX 75939

0 Beds 0 Baths 832 sqft Built 1950
Last updated:  Oct 23, 2019

INVESTimate

$64,906

$57.3K - $72.6K

Price Est.

$795

722 - 868

Rent Est.

$66,840  ( +2.98%)   1 YR EST. FORECAST
  
  
  

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864 Martin Luther King Blvd PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $78.01
CONSTRUCTION
  • Beds : 0
  • Floor Size : 832 sqft
  • Baths : 0 Full

864 Martin Luther King Blvd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CORRIGAN-CAMDEN JUNIOR HIGH SCHOOL Middle Regular 152 16 2
CORRIGAN-CAMDEN HIGH SCHOOL High Regular 281 27 5

CORRIGAN-CAMDEN JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 152
  • # of teachers: 16
2
GreatSchools Rating

CORRIGAN-CAMDEN HIGH SCHOOL

  • Education Level: High
  • # of students: 281
  • # of teachers: 27
5
GreatSchools Rating
 

Financial Details

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Neighborhood

CORRIGAN

  • 4,753

    POPULATION
  • 1,745

    HOUSEHOLDS
  • 46.1%

    WHITE COLLAR

Neighborhood : CORRIGAN

HOUSEHOLDS
1,745
POPULATION

4,753

31.6%Renters
68.4%Home Owners
LABOR FORCE

 

46.1%White Collar
53.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $795 per month.

MY RENT : $795 MEDIAN RENT : $977

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 24.3%
$900-999 32.1%
$1,000-1,499 39.2%
>=$1,500 4.4%
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 $795 would therefore be considered affordable for annual household incomes greater than $31,800 (12 months x 3.333 x $795).

Rent % Affordability
Above $500 73.5%
Above $700 62.6%
Above $1,100 43.8%
Above $1,500 27.2%
Above $1,900 17.9%
HOUSEHOLD INCOME RANGE

Approximately 4,254 of households in this neighborhood have a total annual income of $31,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $795 per month.

MINIMUM INCOME RANGE : $31,800

Income % Distribution
<$20K 26.5%
$20K-$35K 21.0%
$35K-$60K 25.2%
$60K-$100K 13.4%
>=$100K 13.8%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 43% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.9%
5-9 mins 20.0%
10-14 mins 17.6%
15-19 mins 10.5%
20-29 mins 14.8%
30-44 mins 20.9%
45-59 mins 3.4%
>60 mins 6.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $795 per month.

MY RENT : $795 MEDIAN RENT : $977

Rent % Distribution
$500-699 0.0%
$700-899 24.3%
$900-999 32.1%
$1,000-1,499 39.2%
>=$1,500 4.4%
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 $795 would therefore be considered affordable for annual household incomes greater than $31,800 (12 months x 3.333 x $795).

Rent % Affordability
Above $500 73.5%
Above $700 62.6%
Above $1,100 43.8%
Above $1,500 27.2%
Above $1,900 17.9%
HOUSEHOLD INCOME RANGE

Approximately 4,254 of households in this neighborhood have a total annual income of $31,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $795 per month.

MINIMUM INCOME RANGE : $31,800

Income % Distribution
<$20K 26.5%
$20K-$35K 21.0%
$35K-$60K 25.2%
$60K-$100K 13.4%
>=$100K 13.8%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 43% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.9%
5-9 mins 20.0%
10-14 mins 17.6%
15-19 mins 10.5%
20-29 mins 14.8%
30-44 mins 20.9%
45-59 mins 3.4%
>60 mins 6.9%

CORRIGAN Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.6%
Educational Services 11.2%
Health Care & Social Assistance 12.4%
Manufacturing 19.9%
Retail & Wholesale Trader 13.6%
Transportation 6.1%
Other 30.2%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 38% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 23.0%
15-19 8.0%
20-24 6.8%
25-44 22.2%
45-65 26.6%
66+ 13.4%
OCCUPATION

Occupation % Distribution
Education 4.7%
Healthcare 10.4%
Management, Business, & Financial 8.2%
Natural Resources Maintenance 16.1%
Production & Transportation 17.6%
Sales & Office 26.7%
Other 16.3%
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 9.7%
High School 32.9%
Masters Degree 3.4%
Some College 23.7%
Some High School 23.9%
Other 6.4%

864 Martin Luther King Blvd Comps

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864 Martin Luther King Blvd, Corrigan, TX 75939 is a single family home of 832 sqft. HomeUnion INVESTimateĀ® for 864 Martin Luther King Blvd includes a Price Estimate of $64,906 and a Rent Estimate of $795. This single family home has 0 bedrooms,0 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 14.70% and Total Return of 20.76%. The estimated 1 year forecast in home value for 864 Martin Luther King Blvd is 2.98%.

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