1. < Lorraine St

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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

87 Lorraine St Weymouth, MA 02189

3 Beds 2 Baths 1,344 sqft Built 1952
Last updated:  May 30, 2018

INVESTimate

$342,816

$328K - $358K

Price Est.

$2,324

$2.2K - $2.5K

Rent Est.

$102,346

Investment Est.

$363,214  ( +5.95%)   1 YR EST. FORECAST

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87 Lorraine St PROPERTY INFO

FACTS
  • Built In 1952
  • Price/Sqft : $255.07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,344 sqft
  • Baths : 2 Full

87 Lorraine St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ABIGAIL ADAMS MIDDLE SCHOOL Primary Regular 1,030 61 5
ABIGAIL ADAMS MIDDLE SCHOOL Middle Regular 1,030 61 5
WEYMOUTH HIGH SCHOOL High Regular 2,073 131 5

ABIGAIL ADAMS MIDDLE SCHOOL

  • Education Level: Primary
  • # of students: 1,030
  • # of teachers: 61
5
GreatSchools Rating

ABIGAIL ADAMS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,030
  • # of teachers: 61
5
GreatSchools Rating

WEYMOUTH HIGH SCHOOL

  • Education Level: High
  • # of students: 2,073
  • # of teachers: 131
5
GreatSchools Rating
 

Financial Details

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Neighborhood

East Weymouth

  • 18,745

    POPULATION

  • 7,525

    HOUSEHOLDS

  • 65.3%

    WHITE COLLAR

Neighborhood : East Weymouth

HOUSEHOLDS
7,525
POPULATION

18,745

35.3%Renters
64.7%Home Owners
LABOR FORCE

 

65.3%White Collar
34.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 98% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,324 per month.

MY RENT : $2,324 MEDIAN RENT : $1,928

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 2.0%
>=$1,500 98.0%
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 $2,324 would therefore be considered affordable for annual household incomes greater than $92,960 (12 months x 3.333 x $2,324).

Rent % Affordability
Above $500 86.2%
Above $700 79.1%
Above $1,100 63.8%
Above $1,500 50.9%
Above $1,900 40.9%
HOUSEHOLD INCOME RANGE

Approximately 2,411 of households in this neighborhood have a total annual income of $92,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,324 per month.

MINIMUM INCOME RANGE : $92,960

Income % Distribution
<$20K 13.8%
$20K-$35K 13.8%
$35K-$60K 21.5%
$60K-$100K 20.2%
>=$100K 30.6%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 31% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 10.1%
10-14 mins 14.6%
15-19 mins 11.4%
20-29 mins 14.0%
30-44 mins 17.6%
45-59 mins 10.1%
>60 mins 21.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 98% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,324 per month.

MY RENT : $2,324 MEDIAN RENT : $1,928

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 2.0%
>=$1,500 98.0%
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 $2,324 would therefore be considered affordable for annual household incomes greater than $92,960 (12 months x 3.333 x $2,324).

Rent % Affordability
Above $500 86.2%
Above $700 79.1%
Above $1,100 63.8%
Above $1,500 50.9%
Above $1,900 40.9%
HOUSEHOLD INCOME RANGE

Approximately 2,411 of households in this neighborhood have a total annual income of $92,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,324 per month.

MINIMUM INCOME RANGE : $92,960

Income % Distribution
<$20K 13.8%
$20K-$35K 13.8%
$35K-$60K 21.5%
$60K-$100K 20.2%
>=$100K 30.6%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 31% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 10.1%
10-14 mins 14.6%
15-19 mins 11.4%
20-29 mins 14.0%
30-44 mins 17.6%
45-59 mins 10.1%
>60 mins 21.1%
East Weymouth Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 7.3%
Educational Services 8.1%
Financial Industries 10.2%
Health Care & Social Assistance 17.8%
Manufacturing 10.4%
Retail & Wholesale Trader 14.0%
Other 32.3%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 5.2%
Healthcare 8.8%
Management, Business, & Financial 20.6%
Natural Resources Maintenance 11.7%
Production & Transportation 10.4%
Sales & Office 24.2%
Other 19.1%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 16.9%
15-19 5.7%
20-24 7.1%
25-44 25.3%
45-65 30.4%
66+ 14.6%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor?s degree or higher.

Education Level % Distribution
Associates Degree 12.2%
High School 30.6%
Masters Degree 7.3%
Some College 18.6%
Some High School 8.3%
Other 22.9%

East Weymouth Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.3%
Educational Services 8.1%
Financial Industries 10.2%
Health Care & Social Assistance 17.8%
Manufacturing 10.4%
Retail & Wholesale Trader 14.0%
Other 32.3%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 30% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 16.9%
15-19 5.7%
20-24 7.1%
25-44 25.3%
45-65 30.4%
66+ 14.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.2%
Healthcare 8.8%
Management, Business, & Financial 20.6%
Natural Resources Maintenance 11.7%
Production & Transportation 10.4%
Sales & Office 24.2%
Other 19.1%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.2%
High School 30.6%
Masters Degree 7.3%
Some College 18.6%
Some High School 8.3%
Other 22.9%

87 Lorraine St Comps

Sorry, we do not have sufficient data available.

87 Lorraine St, Weymouth, MA 02189 is a single family home of 1,344 sqft. HomeUnion INVESTimate® for 87 Lorraine St includes a Price Estimate of $342,816 and a Rent Estimate of $2,324. This single family home has 3 bedrooms,2 bathrooms, and was built in 1952. This property has an estimated 15 year annualized Yield of 8.13% and Total Return of 23.73%. The estimated 1 year forecast in home value for 87 Lorraine St is 5.95%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MA, NORFOLK County, or the 02189 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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