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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

26240 5th Ave Florala, AL 36442

0 Beds 0 Baths 2,257 sqft Built 1992
Last updated:  Jul 30, 2018

INVESTimate

$206,100

$179K - $233K

Price Est.

$953

824 - $1.1K

Rent Est.

$197,320  ( -4.26%)   1 YR EST. FORECAST
  
  
  

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26240 5th Ave PROPERTY INFO

FACTS
  • Built In 1992
  • Price/Sqft : $91.32
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,257 sqft
  • Baths : 0 Full

26240 5th Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
W.S. HARLAN ELEMENTARY SCHOOL Primary Regular 292 22 NA
W.S. HARLAN ELEMENTARY SCHOOL Middle Regular 292 22 NA
FLORALA HIGH SCHOOL High Regular 199 14 NA

W.S. HARLAN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 292
  • # of teachers: 22
-1
GreatSchools Rating

W.S. HARLAN ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 292
  • # of teachers: 22
-1
GreatSchools Rating

FLORALA HIGH SCHOOL

  • Education Level: High
  • # of students: 199
  • # of teachers: 14
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

FLORALA

  • 3,391

    POPULATION
  • 1,469

    HOUSEHOLDS
  • 47.0%

    WHITE COLLAR

Neighborhood : FLORALA

HOUSEHOLDS
1,469
POPULATION

3,391

25.1%Renters
74.9%Home Owners
LABOR FORCE

 

47.0%White Collar
53.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 9% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $894 per month.

MY RENT : $894 MEDIAN RENT : $697

Rent % Distribution LEVEL
$400-699 50.9%
$700-899 41.2%
$900-999 7.0%
$1,000-1,499 0.9%
>=$1,500 0.0%
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 $894 would therefore be considered affordable for annual household incomes greater than $35,760 (12 months x 3.333 x $894).

Rent % Affordability
Above $500 66.3%
Above $700 56.7%
Above $1,100 38.5%
Above $1,500 23.4%
Above $1,900 16.4%
HOUSEHOLD INCOME RANGE

Approximately 486 of households in this neighborhood have a total annual income of $35,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $894 per month.

MINIMUM INCOME RANGE : $35,760

Income % Distribution
<$20K 33.7%
$20K-$35K 18.7%
$35K-$60K 24.2%
$60K-$100K 15.5%
>=$100K 7.9%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.8%
5-9 mins 13.3%
10-14 mins 11.5%
15-19 mins 6.7%
20-29 mins 10.8%
30-44 mins 24.3%
45-59 mins 13.3%
>60 mins 15.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 9% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $894 per month.

MY RENT : $894 MEDIAN RENT : $697

Rent % Distribution
$400-699 50.9%
$700-899 41.2%
$900-999 7.0%
$1,000-1,499 0.9%
>=$1,500 0.0%
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 $894 would therefore be considered affordable for annual household incomes greater than $35,760 (12 months x 3.333 x $894).

Rent % Affordability
Above $500 66.3%
Above $700 56.7%
Above $1,100 38.5%
Above $1,500 23.4%
Above $1,900 16.4%
HOUSEHOLD INCOME RANGE

Approximately 486 of households in this neighborhood have a total annual income of $35,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $894 per month.

MINIMUM INCOME RANGE : $35,760

Income % Distribution
<$20K 33.7%
$20K-$35K 18.7%
$35K-$60K 24.2%
$60K-$100K 15.5%
>=$100K 7.9%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.8%
5-9 mins 13.3%
10-14 mins 11.5%
15-19 mins 6.7%
20-29 mins 10.8%
30-44 mins 24.3%
45-59 mins 13.3%
>60 mins 15.3%

FLORALA Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.5%
Construction 13.5%
Health Care & Social Assistance 11.3%
Manufacturing 18.1%
Public Administration 6.3%
Retail & Wholesale Trader 14.0%
Other 30.3%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 23% is 24 or younger and 28% is 65 or older.

Age % Distribution
<15 15.3%
15-19 2.9%
20-24 4.5%
25-44 20.6%
45-65 28.8%
66+ 27.7%
OCCUPATION

Occupation % Distribution
Clean 4.5%
Healthcare 9.4%
Management, Business, & Financial 11.8%
Natural Resources Maintenance 20.1%
Production & Transportation 15.6%
Sales & Office 28.7%
Other 10.0%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.7%
High School 42.9%
Masters Degree 2.1%
Some College 22.2%
Some High School 17.5%
Other 6.6%

26240 5th Ave Comps

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26240 5th Ave, Florala, AL 36442 is a single family home of 2,257 sqft. HomeUnion INVESTimateĀ® for 26240 5th Ave includes a Price Estimate of $206,100 and a Rent Estimate of $953. This single family home has 0 bedrooms,0 bathrooms, and was built in 1992. This property has an estimated 15 year annualized Yield of 5.55% and Total Return of 2.37%. The estimated 1 year forecast in home value for 26240 5th Ave is -4.26%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , COVINGTON County , or the 36442 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2