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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

2193 Newton Rd Valley, AL 36854

0 Beds 0 Baths 2,061 sqft Built 1993
Last updated:  Jul 30, 2018

INVESTimate

$103,379

$92.7K - $114K

Price Est.

$812

702 - 922

Rent Est.

$106,801  ( +3.31%)   1 YR EST. FORECAST
  
  
  

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2193 Newton Rd PROPERTY INFO

FACTS
  • Built In 1993
  • Price/Sqft : $50.16
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,061 sqft
  • Baths : 0 Full

2193 Newton Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FAIRFAX ELEMENTARY SCHOOL Primary Regular 529 36 NA
VALLEY HIGH SCHOOL Middle Regular 893 57 NA
VALLEY HIGH SCHOOL High Regular 893 57 NA

FAIRFAX ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 529
  • # of teachers: 36
-1
GreatSchools Rating

VALLEY HIGH SCHOOL

  • Education Level: Middle
  • # of students: 893
  • # of teachers: 57
-1
GreatSchools Rating

VALLEY HIGH SCHOOL

  • Education Level: High
  • # of students: 893
  • # of teachers: 57
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

VALLEY

  • 15,574

    POPULATION
  • 6,007

    HOUSEHOLDS
  • 55.0%

    WHITE COLLAR

Neighborhood : VALLEY

HOUSEHOLDS
6,007
POPULATION

15,574

35.8%Renters
64.2%Home Owners
LABOR FORCE

 

55.0%White Collar
45.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 24% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $845 per month.

MY RENT : $845 MEDIAN RENT : $694

Rent % Distribution LEVEL
$400-699 51.9%
$700-899 33.0%
$900-999 8.9%
$1,000-1,499 4.9%
>=$1,500 1.2%
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 $845 would therefore be considered affordable for annual household incomes greater than $33,800 (12 months x 3.333 x $845).

Rent % Affordability
Above $500 78.3%
Above $700 68.8%
Above $1,100 49.3%
Above $1,500 37.2%
Above $1,900 26.9%
HOUSEHOLD INCOME RANGE

Approximately 14,521 of households in this neighborhood have a total annual income of $33,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $845 per month.

MINIMUM INCOME RANGE : $33,800

Income % Distribution
<$20K 21.7%
$20K-$35K 20.3%
$35K-$60K 20.8%
$60K-$100K 22.4%
>=$100K 14.8%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 5.6%
10-14 mins 11.4%
15-19 mins 24.9%
20-29 mins 22.9%
30-44 mins 22.1%
45-59 mins 5.3%
>60 mins 5.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 24% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $845 per month.

MY RENT : $845 MEDIAN RENT : $694

Rent % Distribution
$400-699 51.9%
$700-899 33.0%
$900-999 8.9%
$1,000-1,499 4.9%
>=$1,500 1.2%
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 $845 would therefore be considered affordable for annual household incomes greater than $33,800 (12 months x 3.333 x $845).

Rent % Affordability
Above $500 78.3%
Above $700 68.8%
Above $1,100 49.3%
Above $1,500 37.2%
Above $1,900 26.9%
HOUSEHOLD INCOME RANGE

Approximately 14,521 of households in this neighborhood have a total annual income of $33,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $845 per month.

MINIMUM INCOME RANGE : $33,800

Income % Distribution
<$20K 21.7%
$20K-$35K 20.3%
$35K-$60K 20.8%
$60K-$100K 22.4%
>=$100K 14.8%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 5.6%
10-14 mins 11.4%
15-19 mins 24.9%
20-29 mins 22.9%
30-44 mins 22.1%
45-59 mins 5.3%
>60 mins 5.5%

VALLEY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 5.8%
Construction 7.8%
Educational Services 6.5%
Health Care & Social Assistance 12.3%
Manufacturing 24.9%
Retail & Wholesale Trader 14.1%
Other 28.6%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 34% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 21.0%
15-19 5.9%
20-24 7.6%
25-44 28.1%
45-65 23.0%
66+ 14.4%
OCCUPATION

Occupation % Distribution
Construction 3.8%
Healthcare 8.8%
Management, Business, & Financial 14.5%
Natural Resources Maintenance 14.3%
Production & Transportation 23.1%
Sales & Office 25.3%
Other 10.3%
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 9.3%
High School 35.9%
Masters Degree 3.7%
Some College 24.6%
Some High School 13.3%
Other 13.1%

2193 Newton Rd Comps

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2193 Newton Rd, Valley, AL 36854 is a single family home of 2,061 sqft. HomeUnion INVESTimateĀ® for 2193 Newton Rd includes a Price Estimate of $103,379 and a Rent Estimate of $812. This single family home has 0 bedrooms,0 bathrooms, and was built in 1993. This property has an estimated 15 year annualized Yield of 9.43% and Total Return of 18.18%. The estimated 1 year forecast in home value for 2193 Newton Rd is 3.31%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , CHAMBERS County , or the 36854 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2