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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.

1608 Noblin Dr Farmville, VA 23901

3 Beds 2 Baths 1,653 sqft Built 1948
Last updated:  Jun 30, 2018

INVESTimate

$146,255

$135K - $158K

Price Est.

$1,220

$1.1K - $1.4K

Rent Est.

$50,258

Investment Est.

$146,255  ( 0%)   1 YR EST. FORECAST

1608 Noblin Dr PROPERTY INFO

FACTS
  • Built In 1948
  • Price/Sqft : $88.48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,653 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
1608 Noblin Dr, Farmville, VA 23901 is a single family home of 1,653 sqft. HomeUnion estimate for 1608 Noblin Dr includes a Price Estimate of $146,255 and a Rent Estimate of $1,220. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1948. This property has an estimated 15 year annualized Yield of 10.01% and Total Return of 20.03%. The estimated 1 year forecast in home value for 1608 Noblin Dr is 0%.

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1608 Noblin Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PRINCE EDWARD ELEMENTARY SCHOOL Primary Regular 963 70 3
PRINCE EDWARD COUNTY HIGH SCHOOL High Regular 697 60 2

PRINCE EDWARD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 963
  • # of teachers: 70
3
GreatSchools Rating

PRINCE EDWARD COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 697
  • # of teachers: 60
2
GreatSchools Rating
 

Financial Details

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Neighborhood

FARMVILLE

  • 16,819

    POPULATION

  • 5,446

    HOUSEHOLDS

  • 61.3%

    WHITE COLLAR

Neighborhood : FARMVILLE

HOUSEHOLDS
5,446
POPULATION

16,819

38.1%Renters
61.9%Home Owners
LABOR FORCE

 

61.3%White Collar
38.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 45% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,244 per month.

MY RENT : $1,244 MEDIAN RENT : $1,154

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 4.9%
$900-999 21.6%
$1,000-1,499 59.0%
>=$1,500 14.5%
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 $1,244 would therefore be considered affordable for annual household incomes greater than $49,760 (12 months x 3.333 x $1,244).

Rent % Affordability
Above $500 78.9%
Above $700 69.5%
Above $1,100 50.6%
Above $1,500 37.7%
Above $1,900 29.1%
HOUSEHOLD INCOME RANGE

Approximately 2,270 of households in this neighborhood have a total annual income of $49,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,244 per month.

MINIMUM INCOME RANGE : $49,760

Income % Distribution
<$20K 21.1%
$20K-$35K 18.0%
$35K-$60K 23.2%
$60K-$100K 21.1%
>=$100K 16.6%
COMMUTE TIME DISTRIBUTION

37% of the working population has a commute time of 15 to 44 minutes, 46% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.2%
5-9 mins 21.1%
10-14 mins 17.3%
15-19 mins 15.6%
20-29 mins 13.0%
30-44 mins 8.9%
45-59 mins 4.5%
>60 mins 12.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 45% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,244 per month.

MY RENT : $1,244 MEDIAN RENT : $1,154

Rent % Distribution
$500-699 0.0%
$700-899 4.9%
$900-999 21.6%
$1,000-1,499 59.0%
>=$1,500 14.5%
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 $1,244 would therefore be considered affordable for annual household incomes greater than $49,760 (12 months x 3.333 x $1,244).

Rent % Affordability
Above $500 78.9%
Above $700 69.5%
Above $1,100 50.6%
Above $1,500 37.7%
Above $1,900 29.1%
HOUSEHOLD INCOME RANGE

Approximately 2,270 of households in this neighborhood have a total annual income of $49,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,244 per month.

MINIMUM INCOME RANGE : $49,760

Income % Distribution
<$20K 21.1%
$20K-$35K 18.0%
$35K-$60K 23.2%
$60K-$100K 21.1%
>=$100K 16.6%
COMMUTE TIME DISTRIBUTION

37% of the working population has a commute time of 15 to 44 minutes, 46% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.2%
5-9 mins 21.1%
10-14 mins 17.3%
15-19 mins 15.6%
20-29 mins 13.0%
30-44 mins 8.9%
45-59 mins 4.5%
>60 mins 12.4%
FARMVILLE Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 11.8%
Construction 9.4%
Educational Services 19.5%
Health Care & Social Assistance 14.0%
Public Administration 8.3%
Retail & Wholesale Trader 13.3%
Other 23.7%
OCCUPATION

           

Occupation % Distribution
Construction 11.5%
Healthcare 10.0%
Management, Business, & Financial 12.9%
Natural Resources Maintenance 13.6%
Production & Transportation 10.3%
Sales & Office 19.0%
Other 22.7%
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 12.6%
15-19 13.0%
20-24 17.8%
25-44 19.2%
45-65 21.9%
66+ 15.5%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 4.9%
High School 31.2%
Masters Degree 9.1%
Some College 20.9%
Some High School 16.8%
Other 17.1%

FARMVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.8%
Construction 9.4%
Educational Services 19.5%
Health Care & Social Assistance 14.0%
Public Administration 8.3%
Retail & Wholesale Trader 13.3%
Other 23.7%
AGE DISTRIBUTION

41% of the population is between the ages of 25 and 64, 43% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 12.6%
15-19 13.0%
20-24 17.8%
25-44 19.2%
45-65 21.9%
66+ 15.5%
OCCUPATION

Occupation % Distribution
Construction 11.5%
Healthcare 10.0%
Management, Business, & Financial 12.9%
Natural Resources Maintenance 13.6%
Production & Transportation 10.3%
Sales & Office 19.0%
Other 22.7%
HIGHEST EDUCATION LEVEL

19% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.9%
High School 31.2%
Masters Degree 9.1%
Some College 20.9%
Some High School 16.8%
Other 17.1%

1608 Noblin Dr Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in VA , PRINCE EDWARD County , or the 23901 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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