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This page contains information about each property aggregated from public data sources, 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.

Route 2 Porum, OK 74455

2 Beds 1 Baths 832 sqft Built 1960
Last updated:  Nov 28, 2019

INVESTimate

$59,730

$55.8K - $63.6K

Price Est.

$613

544 - 682

Rent Est.

$64,753  ( +8.41%)   1 YR EST. FORECAST

Route 2 PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $71.79
CONSTRUCTION
  • Beds : 2
  • Floor Size : 832 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
Route 2, Porum, OK 74455 is a single family home of 832 sqft. HomeUnion estimate for Route 2 includes a Price Estimate of $59,730 and a Rent Estimate of $613. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 12.32% and Total Return of 27.42%. The estimated 1 year forecast in home value for Route 2 is 8.41%.
  
  
  

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Route 2 SCHOOLS

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Financial Details

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Neighborhood

PORUM

  • 3,449

    POPULATION
  • 1,446

    HOUSEHOLDS
  • 55.3%

    WHITE COLLAR

Neighborhood : PORUM

HOUSEHOLDS
1,446
POPULATION

3,449

17.5%Renters
82.5%Home Owners
LABOR FORCE

 

55.3%White Collar
44.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 89% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $613 per month.

MY RENT : $613 MEDIAN RENT : $822

Rent % Distribution LEVEL
$500-699 20.1%
$700-899 41.6%
$900-999 10.1%
$1,000-1,499 21.6%
>=$1,500 6.6%
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 $613 would therefore be considered affordable for annual household incomes greater than $24,520 (12 months x 3.333 x $613).

Rent % Affordability
Above $500 71.2%
Above $700 59.1%
Above $1,100 42.5%
Above $1,500 28.0%
Above $1,900 15.4%
HOUSEHOLD INCOME RANGE

Approximately 3,605 of households in this neighborhood have a total annual income of $24,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $613 per month.

MINIMUM INCOME RANGE : $24,520

Income % Distribution
<$20K 28.8%
$20K-$35K 21.4%
$35K-$60K 21.8%
$60K-$100K 20.6%
>=$100K 7.5%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 6.1%
10-14 mins 7.8%
15-19 mins 11.1%
20-29 mins 12.9%
30-44 mins 32.7%
45-59 mins 16.0%
>60 mins 11.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 89% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $613 per month.

MY RENT : $613 MEDIAN RENT : $822

Rent % Distribution
$500-699 20.1%
$700-899 41.6%
$900-999 10.1%
$1,000-1,499 21.6%
>=$1,500 6.6%
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 $613 would therefore be considered affordable for annual household incomes greater than $24,520 (12 months x 3.333 x $613).

Rent % Affordability
Above $500 71.2%
Above $700 59.1%
Above $1,100 42.5%
Above $1,500 28.0%
Above $1,900 15.4%
HOUSEHOLD INCOME RANGE

Approximately 3,605 of households in this neighborhood have a total annual income of $24,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $613 per month.

MINIMUM INCOME RANGE : $24,520

Income % Distribution
<$20K 28.8%
$20K-$35K 21.4%
$35K-$60K 21.8%
$60K-$100K 20.6%
>=$100K 7.5%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 6.1%
10-14 mins 7.8%
15-19 mins 11.1%
20-29 mins 12.9%
30-44 mins 32.7%
45-59 mins 16.0%
>60 mins 11.0%

PORUM Demographics

INDUSTRY

Industry % Distribution
Construction 12.2%
Educational Services 11.0%
Health Care & Social Assistance 14.9%
Manufacturing 9.9%
Public Administration 7.5%
Retail & Wholesale Trader 18.8%
Other 25.7%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 28% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 16.6%
15-19 5.6%
20-24 5.8%
25-44 20.1%
45-65 31.2%
66+ 20.6%
OCCUPATION

Occupation % Distribution
Construction 6.5%
Healthcare 9.6%
Management, Business, & Financial 12.1%
Natural Resources Maintenance 13.8%
Production & Transportation 16.9%
Sales & Office 25.4%
Other 15.7%
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 9.4%
High School 40.2%
Masters Degree 4.1%
Some College 18.4%
Some High School 18.7%
Other 9.1%

Route 2 Comps

Sorry, we do not have sufficient data available.

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