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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

11611 Connecticut Ave Wheaton, MD 20902

0 Beds 3 Baths 1,804 sqft Built 1971
Last updated:  May 30, 2018

INVESTimate

$318,503

$303K - $334K

Price Est.

$2,327

$2.2K - $2.5K

Rent Est.

$325,446  ( +2.18%)   1 YR EST. FORECAST
  
  
  

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11611 Connecticut Ave PROPERTY INFO

FACTS
  • Built In 1971
  • Price/Sqft : $176.55
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,804 sqft
  • Baths : 3 Full

11611 Connecticut Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ROCK VIEW ELEMENTARY SCHOOL Primary Regular 645 48 4
NEWPORT MILL MIDDLE SCHOOL Middle Regular 580 44 7
ALBERT EINSTEIN HIGH SCHOOL High Regular 1,595 100 5

ROCK VIEW ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 48
4
GreatSchools Rating

NEWPORT MILL MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 580
  • # of teachers: 44
7
GreatSchools Rating

ALBERT EINSTEIN HIGH SCHOOL

  • Education Level: High
  • # of students: 1,595
  • # of teachers: 100
5
GreatSchools Rating
 

Financial Details

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Neighborhood

North Kensington

  • 10,406

    POPULATION
  • 3,864

    HOUSEHOLDS
  • 80.3%

    WHITE COLLAR

Neighborhood : North Kensington

HOUSEHOLDS
3,864
POPULATION

10,406

28.3%Renters
71.7%Home Owners
LABOR FORCE

 

80.3%White Collar
19.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,567 per month.

MY RENT : $2,567 MEDIAN RENT : $1,974

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 9.2%
>=$1,500 90.8%
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 $2,567 would therefore be considered affordable for annual household incomes greater than $102,680 (12 months x 3.333 x $2,567).

Rent % Affordability
Above $500 90.1%
Above $700 86.5%
Above $1,100 75.9%
Above $1,500 68.3%
Above $1,900 58.8%
HOUSEHOLD INCOME RANGE

Approximately 1,038 of households in this neighborhood have a total annual income of $102,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,567 per month.

MINIMUM INCOME RANGE : $102,680

Income % Distribution
<$20K 9.9%
$20K-$35K 6.6%
$35K-$60K 15.2%
$60K-$100K 22.8%
>=$100K 45.6%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 2.7%
10-14 mins 6.0%
15-19 mins 13.0%
20-29 mins 18.3%
30-44 mins 23.9%
45-59 mins 21.1%
>60 mins 13.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,567 per month.

MY RENT : $2,567 MEDIAN RENT : $1,974

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 9.2%
>=$1,500 90.8%
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 $2,567 would therefore be considered affordable for annual household incomes greater than $102,680 (12 months x 3.333 x $2,567).

Rent % Affordability
Above $500 90.1%
Above $700 86.5%
Above $1,100 75.9%
Above $1,500 68.3%
Above $1,900 58.8%
HOUSEHOLD INCOME RANGE

Approximately 1,038 of households in this neighborhood have a total annual income of $102,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,567 per month.

MINIMUM INCOME RANGE : $102,680

Income % Distribution
<$20K 9.9%
$20K-$35K 6.6%
$35K-$60K 15.2%
$60K-$100K 22.8%
>=$100K 45.6%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 2.7%
10-14 mins 6.0%
15-19 mins 13.0%
20-29 mins 18.3%
30-44 mins 23.9%
45-59 mins 21.1%
>60 mins 13.9%

North Kensington Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.8%
Educational Services 10.1%
Health Care & Social Assistance 11.3%
Professional & Scientific Tech Services 17.0%
Public Administration 12.1%
Retail & Wholesale Trader 9.3%
Other 30.4%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 28% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 18.4%
15-19 4.8%
20-24 4.7%
25-44 28.4%
45-65 29.3%
66+ 14.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 13.8%
Construction 5.4%
Healthcare 5.2%
Legal 4.5%
Management, Business, & Financial 26.3%
Sales & Office 17.8%
Other 26.9%
HIGHEST EDUCATION LEVEL

29% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 5.9%
High School 14.5%
Masters Degree 14.9%
Some College 16.6%
Some High School 11.7%
Other 36.4%

11611 Connecticut Ave Comps

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11611 Connecticut Ave, Wheaton, MD 20902 is a single family home of 1,804 sqft. HomeUnion INVESTimateĀ® for 11611 Connecticut Ave includes a Price Estimate of $318,503 and a Rent Estimate of $2,327. This single family home has 0 bedrooms,3 bathrooms, and was built in 1971. This property has an estimated 15 year annualized Yield of 8.77% and Total Return of 20.95%. The estimated 1 year forecast in home value for 11611 Connecticut Ave is 2.18%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , MONTGOMERY County , or the 20902 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2