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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

16620 Cedar Grove Rd Sparks, MD 21152

0 Beds 3 Baths 2,138 sqft Built 1973
Last updated:  Jun 30, 2018

INVESTimate

$338,581

$309K - $368K

Price Est.

$2,230

$2.0K - $2.4K

Rent Est.

$344,540  ( +1.76%)   1 YR EST. FORECAST
  
  
  

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16620 Cedar Grove Rd PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $158.36
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,138 sqft
  • Baths : 3 Full

16620 Cedar Grove Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FIFTH DISTRICT ELEMENTARY SCHOOL Primary Regular 280 18 10
HEREFORD MIDDLE SCHOOL Middle Regular 926 56 10
HEREFORD HIGH SCHOOL High Regular 1,378 79 10

FIFTH DISTRICT ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 18
10
GreatSchools Rating

HEREFORD MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 926
  • # of teachers: 56
10
GreatSchools Rating

HEREFORD HIGH SCHOOL

  • Education Level: High
  • # of students: 1,378
  • # of teachers: 79
10
GreatSchools Rating
 

Financial Details

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Neighborhood

SPARKS GLENCOE

  • 5,538

    POPULATION
  • 2,201

    HOUSEHOLDS
  • 81.1%

    WHITE COLLAR

Neighborhood : SPARKS GLENCOE

HOUSEHOLDS
2,201
POPULATION

5,538

26.4%Renters
73.6%Home Owners
LABOR FORCE

 

81.1%White Collar
18.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 77% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,336 per month.

MY RENT : $2,336 MEDIAN RENT : $2,135

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 23.1%
>=$1,500 76.9%
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 $2,336 would therefore be considered affordable for annual household incomes greater than $93,440 (12 months x 3.333 x $2,336).

Rent % Affordability
Above $500 92.6%
Above $700 89.0%
Above $1,100 76.4%
Above $1,500 70.0%
Above $1,900 61.8%
HOUSEHOLD INCOME RANGE

Approximately 1,066 of households in this neighborhood have a total annual income of $93,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,336 per month.

MINIMUM INCOME RANGE : $93,440

Income % Distribution
<$20K 7.4%
$20K-$35K 8.9%
$35K-$60K 13.7%
$60K-$100K 23.1%
>=$100K 46.9%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.0%
5-9 mins 6.1%
10-14 mins 8.2%
15-19 mins 10.6%
20-29 mins 22.7%
30-44 mins 29.4%
45-59 mins 14.6%
>60 mins 5.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 77% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,336 per month.

MY RENT : $2,336 MEDIAN RENT : $2,135

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 23.1%
>=$1,500 76.9%
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 $2,336 would therefore be considered affordable for annual household incomes greater than $93,440 (12 months x 3.333 x $2,336).

Rent % Affordability
Above $500 92.6%
Above $700 89.0%
Above $1,100 76.4%
Above $1,500 70.0%
Above $1,900 61.8%
HOUSEHOLD INCOME RANGE

Approximately 1,066 of households in this neighborhood have a total annual income of $93,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,336 per month.

MINIMUM INCOME RANGE : $93,440

Income % Distribution
<$20K 7.4%
$20K-$35K 8.9%
$35K-$60K 13.7%
$60K-$100K 23.1%
>=$100K 46.9%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.0%
5-9 mins 6.1%
10-14 mins 8.2%
15-19 mins 10.6%
20-29 mins 22.7%
30-44 mins 29.4%
45-59 mins 14.6%
>60 mins 5.5%

SPARKS GLENCOE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.6%
Educational Services 11.2%
Financial Industries 10.7%
Health Care & Social Assistance 14.8%
Professional & Scientific Tech Services 12.5%
Retail & Wholesale Trader 9.7%
Other 32.6%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 34% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 21.2%
15-19 6.3%
20-24 6.1%
25-44 22.6%
45-65 32.1%
66+ 11.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 11.5%
Healthcare 9.2%
Management, Business, & Financial 24.2%
Natural Resources Maintenance 5.4%
Production & Transportation 5.7%
Sales & Office 22.8%
Other 21.3%
HIGHEST EDUCATION LEVEL

30% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.0%
High School 18.1%
Masters Degree 14.0%
Professional 5.6%
Some College 16.3%
Other 37.0%

16620 Cedar Grove Rd Comps

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16620 Cedar Grove Rd, Sparks, MD 21152 is a single family home of 2,138 sqft. HomeUnion INVESTimateĀ® for 16620 Cedar Grove Rd includes a Price Estimate of $338,581 and a Rent Estimate of $2,230. This single family home has 0 bedrooms,3 bathrooms, and was built in 1973. This property has an estimated 15 year annualized Yield of 7.90% and Total Return of 15.98%. The estimated 1 year forecast in home value for 16620 Cedar Grove Rd is 1.76%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , BALTIMORE County , or the 21152 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2