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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

12 Pine Grove Ln Salem, AL 36874

0 Beds 0 Baths 1,850 sqft Built 2015
Last updated:  Jul 30, 2018

INVESTimate

$157,811

$141K - $174K

Price Est.

$1,192

$1.1K - $1.3K

Rent Est.

$157,811  ( 0%)   1 YR EST. FORECAST
  
  
  

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12 Pine Grove Ln PROPERTY INFO

FACTS
  • Built In 2015
  • Price/Sqft : $85.30
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,850 sqft
  • Baths : 0 Full

12 Pine Grove Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
RUSSELL COUNTY HIGH SCHOOL Middle Regular 1,042 56 3
RUSSELL COUNTY HIGH SCHOOL High Regular 1,042 56 3

RUSSELL COUNTY HIGH SCHOOL

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 56
3
GreatSchools Rating

RUSSELL COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 1,042
  • # of teachers: 56
3
GreatSchools Rating
 

Financial Details

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Neighborhood

SALEM

  • 8,298

    POPULATION
  • 3,068

    HOUSEHOLDS
  • 63.9%

    WHITE COLLAR

Neighborhood : SALEM

HOUSEHOLDS
3,068
POPULATION

8,298

16.9%Renters
83.1%Home Owners
LABOR FORCE

 

63.9%White Collar
36.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 59% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,172 per month.

MY RENT : $1,172 MEDIAN RENT : $1,194

Rent % Distribution LEVEL
$500-699 0.1%
$700-899 8.4%
$900-999 9.9%
$1,000-1,499 64.5%
>=$1,500 17.1%
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 $1,172 would therefore be considered affordable for annual household incomes greater than $46,880 (12 months x 3.333 x $1,172).

Rent % Affordability
Above $500 82.2%
Above $700 72.6%
Above $1,100 59.4%
Above $1,500 46.3%
Above $1,900 36.2%
HOUSEHOLD INCOME RANGE

Approximately 1,541 of households in this neighborhood have a total annual income of $46,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,172 per month.

MINIMUM INCOME RANGE : $46,880

Income % Distribution
<$20K 17.8%
$20K-$35K 18.3%
$35K-$60K 17.6%
$60K-$100K 27.3%
>=$100K 19.0%
COMMUTE TIME DISTRIBUTION

84% of the working population has a commute time of 15 to 44 minutes, 8% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.1%
5-9 mins 4.0%
10-14 mins 3.7%
15-19 mins 6.3%
20-29 mins 30.0%
30-44 mins 47.8%
45-59 mins 5.7%
>60 mins 2.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 59% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,172 per month.

MY RENT : $1,172 MEDIAN RENT : $1,194

Rent % Distribution
$500-699 0.1%
$700-899 8.4%
$900-999 9.9%
$1,000-1,499 64.5%
>=$1,500 17.1%
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 $1,172 would therefore be considered affordable for annual household incomes greater than $46,880 (12 months x 3.333 x $1,172).

Rent % Affordability
Above $500 82.2%
Above $700 72.6%
Above $1,100 59.4%
Above $1,500 46.3%
Above $1,900 36.2%
HOUSEHOLD INCOME RANGE

Approximately 1,541 of households in this neighborhood have a total annual income of $46,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,172 per month.

MINIMUM INCOME RANGE : $46,880

Income % Distribution
<$20K 17.8%
$20K-$35K 18.3%
$35K-$60K 17.6%
$60K-$100K 27.3%
>=$100K 19.0%
COMMUTE TIME DISTRIBUTION

84% of the working population has a commute time of 15 to 44 minutes, 8% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.1%
5-9 mins 4.0%
10-14 mins 3.7%
15-19 mins 6.3%
20-29 mins 30.0%
30-44 mins 47.8%
45-59 mins 5.7%
>60 mins 2.5%

SALEM Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.6%
Educational Services 10.4%
Financial Industries 7.5%
Health Care & Social Assistance 13.6%
Manufacturing 14.0%
Retail & Wholesale Trader 10.5%
Other 36.3%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 30% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 18.9%
15-19 4.4%
20-24 6.9%
25-44 27.2%
45-65 28.8%
66+ 13.9%
OCCUPATION

Occupation % Distribution
Construction 7.2%
Healthcare 11.3%
Management, Business, & Financial 18.1%
Natural Resources Maintenance 10.2%
Production & Transportation 17.1%
Sales & Office 19.8%
Other 16.3%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.8%
High School 33.8%
Masters Degree 7.4%
Some College 22.9%
Some High School 11.9%
Other 15.2%

12 Pine Grove Ln Comps

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12 Pine Grove Ln, Salem, AL 36874 is a single family home of 1,850 sqft. HomeUnion INVESTimateĀ® for 12 Pine Grove Ln includes a Price Estimate of $157,811 and a Rent Estimate of $1,192. This single family home has 0 bedrooms,0 bathrooms, and was built in 2015. This property has an estimated 15 year annualized Yield of 9.06% and Total Return of 3.24%. The estimated 1 year forecast in home value for 12 Pine Grove Ln is 0%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , RUSSELL County , or the 36874 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2