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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

23701 Rocky Ridge Rd Rawlings, MD 21557

0 Beds 2 Baths 1,360 sqft Built 1975
Last updated:  Jul 30, 2018

INVESTimate

$129,849

$120K - $139K

Price Est.

$1,452

$1.3K - $1.6K

Rent Est.

$130,057  ( +0.16%)   1 YR EST. FORECAST
  
  
  

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23701 Rocky Ridge Rd PROPERTY INFO

FACTS
  • Built In 1975
  • Price/Sqft : $95.48
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,360 sqft
  • Baths : 2 Full

23701 Rocky Ridge Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WESTERNPORT ELEMENTARY SCHOOL Primary Regular 262 18 5
WESTMAR MIDDLE SCHOOL Middle Regular 293 27 6
MOUNTAIN RIDGE HIGH SCHOOL High Regular 813 53 5

WESTERNPORT ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 262
  • # of teachers: 18
5
GreatSchools Rating

WESTMAR MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 293
  • # of teachers: 27
6
GreatSchools Rating

MOUNTAIN RIDGE HIGH SCHOOL

  • Education Level: High
  • # of students: 813
  • # of teachers: 53
5
GreatSchools Rating
 

Financial Details

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Neighborhood

RAWLINGS

  • 2,000

    POPULATION
  • 776

    HOUSEHOLDS
  • 62.7%

    WHITE COLLAR

Neighborhood : RAWLINGS

HOUSEHOLDS
776
POPULATION

2,000

14.0%Renters
86.0%Home Owners
LABOR FORCE

 

62.7%White Collar
37.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,380 per month.

MY RENT : $1,380 MEDIAN RENT : $1,146

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 4.2%
$900-999 24.2%
$1,000-1,499 58.4%
>=$1,500 13.2%
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 $1,380 would therefore be considered affordable for annual household incomes greater than $55,200 (12 months x 3.333 x $1,380).

Rent % Affordability
Above $500 78.7%
Above $700 69.3%
Above $1,100 44.9%
Above $1,500 30.5%
Above $1,900 22.4%
HOUSEHOLD INCOME RANGE

Approximately 256 of households in this neighborhood have a total annual income of $55,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,380 per month.

MINIMUM INCOME RANGE : $55,200

Income % Distribution
<$20K 21.3%
$20K-$35K 17.7%
$35K-$60K 30.5%
$60K-$100K 17.5%
>=$100K 13.0%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 2.4%
10-14 mins 16.4%
15-19 mins 26.9%
20-29 mins 26.1%
30-44 mins 19.4%
45-59 mins 3.0%
>60 mins 4.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,380 per month.

MY RENT : $1,380 MEDIAN RENT : $1,146

Rent % Distribution
$500-699 0.0%
$700-899 4.2%
$900-999 24.2%
$1,000-1,499 58.4%
>=$1,500 13.2%
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 $1,380 would therefore be considered affordable for annual household incomes greater than $55,200 (12 months x 3.333 x $1,380).

Rent % Affordability
Above $500 78.7%
Above $700 69.3%
Above $1,100 44.9%
Above $1,500 30.5%
Above $1,900 22.4%
HOUSEHOLD INCOME RANGE

Approximately 256 of households in this neighborhood have a total annual income of $55,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,380 per month.

MINIMUM INCOME RANGE : $55,200

Income % Distribution
<$20K 21.3%
$20K-$35K 17.7%
$35K-$60K 30.5%
$60K-$100K 17.5%
>=$100K 13.0%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 2.4%
10-14 mins 16.4%
15-19 mins 26.9%
20-29 mins 26.1%
30-44 mins 19.4%
45-59 mins 3.0%
>60 mins 4.3%

RAWLINGS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 15.6%
Financial Industries 7.6%
Health Care & Social Assistance 15.7%
Manufacturing 14.4%
Public Administration 10.0%
Retail & Wholesale Trader 8.1%
Other 28.7%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 27% is 24 or younger and 26% is 65 or older.

Age % Distribution
<15 14.1%
15-19 6.7%
20-24 6.0%
25-44 19.1%
45-65 28.7%
66+ 25.5%
OCCUPATION

Occupation % Distribution
Healthcare 8.5%
Management, Business, & Financial 22.5%
Natural Resources Maintenance 7.6%
Production & Transportation 21.2%
Protect 7.0%
Sales & Office 14.9%
Other 18.3%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 17.5%
High School 47.5%
Masters Degree 2.4%
Some College 20.0%
Some High School 7.4%
Other 5.3%

23701 Rocky Ridge Rd Comps

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23701 Rocky Ridge Rd, Rawlings, MD 21557 is a single family home of 1,360 sqft. HomeUnion INVESTimateĀ® for 23701 Rocky Ridge Rd includes a Price Estimate of $129,849 and a Rent Estimate of $1,452. This single family home has 0 bedrooms,2 bathrooms, and was built in 1975. This property has an estimated 15 year annualized Yield of 13.42% and Total Return of 24.82%. The estimated 1 year forecast in home value for 23701 Rocky Ridge Rd is 0.16%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , ALLEGANY County , or the 21557 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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