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2111 N Wedgewood Ln PROPERTY INFO
FACTS
- Built In 1993
- Price/Sqft : $156.47
CONSTRUCTION
- Beds : 0
- Floor Size : 1,778 sqft
- Baths : 2 Full
2111 N Wedgewood Ln SCHOOLS
Financial Details
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CEDAR CITY
Neighborhood : CEDAR CITY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $895 per month.
MY RENT : $895 MEDIAN RENT : $833
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 $895 would therefore be considered affordable for annual household incomes greater than $35,800 (12 months x 3.333 x $895).
HOUSEHOLD INCOME RANGE
Approximately 3,140 of households in this neighborhood have a total annual income of $35,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $895 per month.
MINIMUM INCOME RANGE : $35,800
COMMUTE TIME DISTRIBUTION
33% of the working population has a commute time of 15 to 44 minutes, 52% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.
CEDAR CITY Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 12.8% |
Educational Services | 10.4% |
Health Care & Social Assistance | 11.8% |
Manufacturing | 10.0% |
Retail & Wholesale Trader | 13.6% |
Transportation | 7.2% |
Other | 34.1% |
AGE DISTRIBUTION
45% of the population is between the ages of 25 and 64, 45% is 24 or younger and 9% is 65 or older.
Age | % Distribution |
---|---|
<15 | 28.7% |
15-19 | 8.5% |
20-24 | 8.3% |
25-44 | 26.5% |
45-65 | 18.9% |
66+ | 9.2% |
OCCUPATION
Occupation | % Distribution |
---|---|
Construction | 5.8% |
Healthcare | 8.1% |
Management, Business, & Financial | 16.4% |
Natural Resources Maintenance | 10.3% |
Production & Transportation | 18.7% |
Sales & Office | 24.9% |
Other | 15.8% |
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 | 7.5% |
High School | 26.4% |
Masters Degree | 5.2% |
Some College | 32.2% |
Some High School | 10.3% |
Other | 18.4% |
2111 N Wedgewood Ln Comps
2111 N Wedgewood Ln, Cedar City, UT 84721 is a single family home of 1,778 sqft. HomeUnion INVESTimateĀ® for 2111 N Wedgewood Ln includes a Price Estimate of $278,196 and a Rent Estimate of $1,091. This single family home has 0 bedrooms,2 bathrooms, and was built in 1993. This property has an estimated 15 year annualized Yield of 4.71% and Total Return of 18.28%. The estimated 1 year forecast in home value for 2111 N Wedgewood Ln is 6.78%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in UT , IRON County , or the 84721 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2