1. < 9th E Ave

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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

904 E 9th Ave Anchorage, AK 99501

2 Beds 2 Baths 1,020 sqft Built 1950
Last updated:  May 30, 2018

INVESTimate

$178,886

$152K - $206K

Price Est.

$1,626

$1.5K - $1.8K

Rent Est.

$61,588

Investment Est.

$186,024  ( +3.99%)   1 YR EST. FORECAST

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904 E 9th Ave PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $175.38
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,020 sqft
  • Baths : 2 Full

904 E 9th Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FAIRVIEW ELEMENTARY SCHOOL Primary Regular 406 31 3
CENTRAL MIDDLE SCHOOL Middle Regular 588 37 5
WEST HIGH SCHOOL High Regular 1,840 85 6

FAIRVIEW ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 406
  • # of teachers: 31
3
GreatSchools Rating

CENTRAL MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 588
  • # of teachers: 37
5
GreatSchools Rating

WEST HIGH SCHOOL

  • Education Level: High
  • # of students: 1,840
  • # of teachers: 85
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Fairview

  • 7,892

    POPULATION

  • 3,286

    HOUSEHOLDS

  • 61.8%

    WHITE COLLAR

Neighborhood : Fairview

HOUSEHOLDS
3,286
POPULATION

7,892

85.1%Renters
14.9%Home Owners
LABOR FORCE

 

61.8%White Collar
38.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,626 per month.

MY RENT : $1,626 MEDIAN RENT : $1,579

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.2%
$1,000-1,499 45.1%
>=$1,500 54.7%
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 $1,626 would therefore be considered affordable for annual household incomes greater than $65,040 (12 months x 3.333 x $1,626).

Rent % Affordability
Above $500 70.2%
Above $700 62.5%
Above $1,100 46.4%
Above $1,500 32.8%
Above $1,900 25.2%
HOUSEHOLD INCOME RANGE

Approximately 663 of households in this neighborhood have a total annual income of $65,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,626 per month.

MINIMUM INCOME RANGE : $65,040

Income % Distribution
<$20K 29.8%
$20K-$35K 14.7%
$35K-$60K 22.7%
$60K-$100K 19.5%
>=$100K 13.3%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 43% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 9.6%
10-14 mins 30.3%
15-19 mins 23.4%
20-29 mins 20.1%
30-44 mins 9.2%
45-59 mins 2.6%
>60 mins 1.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,626 per month.

MY RENT : $1,626 MEDIAN RENT : $1,579

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.2%
$1,000-1,499 45.1%
>=$1,500 54.7%
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 $1,626 would therefore be considered affordable for annual household incomes greater than $65,040 (12 months x 3.333 x $1,626).

Rent % Affordability
Above $500 70.2%
Above $700 62.5%
Above $1,100 46.4%
Above $1,500 32.8%
Above $1,900 25.2%
HOUSEHOLD INCOME RANGE

Approximately 663 of households in this neighborhood have a total annual income of $65,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,626 per month.

MINIMUM INCOME RANGE : $65,040

Income % Distribution
<$20K 29.8%
$20K-$35K 14.7%
$35K-$60K 22.7%
$60K-$100K 19.5%
>=$100K 13.3%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 43% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 9.6%
10-14 mins 30.3%
15-19 mins 23.4%
20-29 mins 20.1%
30-44 mins 9.2%
45-59 mins 2.6%
>60 mins 1.6%
Fairview Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 10.4%
Health Care & Social Assistance 23.0%
Professional & Scientific Tech Services 6.7%
Public Administration 11.4%
Retail & Wholesale Trader 11.3%
Transportation 4.8%
Other 32.4%
OCCUPATION

           

Occupation % Distribution
Healthcare 14.7%
Management, Business, & Financial 17.5%
Natural Resources Maintenance 7.4%
PCare 9.8%
Production & Transportation 8.1%
Sales & Office 19.2%
Other 23.2%
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 17.0%
15-19 6.0%
20-24 8.5%
25-44 31.3%
45-65 25.8%
66+ 11.3%
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 8.5%
High School 28.4%
Masters Degree 3.7%
Some College 28.3%
Some High School 16.8%
Other 14.4%

Fairview Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.4%
Health Care & Social Assistance 23.0%
Professional & Scientific Tech Services 6.7%
Public Administration 11.4%
Retail & Wholesale Trader 11.3%
Transportation 4.8%
Other 32.4%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 32% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 17.0%
15-19 6.0%
20-24 8.5%
25-44 31.3%
45-65 25.8%
66+ 11.3%
OCCUPATION

Occupation % Distribution
Healthcare 14.7%
Management, Business, & Financial 17.5%
Natural Resources Maintenance 7.4%
PCare 9.8%
Production & Transportation 8.1%
Sales & Office 19.2%
Other 23.2%
HIGHEST EDUCATION LEVEL

13% 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 28.4%
Masters Degree 3.7%
Some College 28.3%
Some High School 16.8%
Other 14.4%

904 E 9th Ave Comps

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904 E 9th Ave, Anchorage, AK 99501 is a single family home of 1,020 sqft. HomeUnion INVESTimate® for 904 E 9th Ave includes a Price Estimate of $178,886 and a Rent Estimate of $1,626. This single family home has 2 bedrooms,2 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 10.91% and Total Return of 19.76%. The estimated 1 year forecast in home value for 904 E 9th Ave is 3.99%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AK, ANCHORAGE County, or the 99501 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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