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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

2822 Benson Rd Finksburg, MD 21048

0 Beds 2 Baths 2,048 sqft Built 1974
Last updated:  Jun 30, 2018

INVESTimate

$290,446

$274K - $307K

Price Est.

$1,796

$1.6K - $2.0K

Rent Est.

$302,006  ( +3.98%)   1 YR EST. FORECAST
  
  
  

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2822 Benson Rd PROPERTY INFO

FACTS
  • Built In 1974
  • Price/Sqft : $141.82
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,048 sqft
  • Baths : 1 Full 1 Half

2822 Benson Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MECHANICSVILLE ELEMENTARY SCHOOL Primary Regular 592 36 9
WESTMINSTER WEST MIDDLE SCHOOL Middle Regular 1,020 64 8
WESTMINSTER HIGH SCHOOL High Regular 1,668 97 8

MECHANICSVILLE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 592
  • # of teachers: 36
9
GreatSchools Rating

WESTMINSTER WEST MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,020
  • # of teachers: 64
8
GreatSchools Rating

WESTMINSTER HIGH SCHOOL

  • Education Level: High
  • # of students: 1,668
  • # of teachers: 97
8
GreatSchools Rating
 

Financial Details

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Neighborhood

FINKSBURG

  • 10,996

    POPULATION
  • 3,849

    HOUSEHOLDS
  • 71.7%

    WHITE COLLAR

Neighborhood : FINKSBURG

HOUSEHOLDS
3,849
POPULATION

10,996

5.1%Renters
94.9%Home Owners
LABOR FORCE

 

71.7%White Collar
28.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,812 per month.

MY RENT : $1,812 MEDIAN RENT : $2,057

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 8.4%
>=$1,500 91.6%
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 $1,812 would therefore be considered affordable for annual household incomes greater than $72,480 (12 months x 3.333 x $1,812).

Rent % Affordability
Above $500 94.2%
Above $700 90.0%
Above $1,100 83.2%
Above $1,500 78.0%
Above $1,900 69.3%
HOUSEHOLD INCOME RANGE

Approximately 2,403 of households in this neighborhood have a total annual income of $72,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,812 per month.

MINIMUM INCOME RANGE : $72,480

Income % Distribution
<$20K 5.8%
$20K-$35K 6.7%
$35K-$60K 9.5%
$60K-$100K 21.4%
>=$100K 56.5%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 4.8%
10-14 mins 11.0%
15-19 mins 15.3%
20-29 mins 16.7%
30-44 mins 18.0%
45-59 mins 18.1%
>60 mins 15.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,812 per month.

MY RENT : $1,812 MEDIAN RENT : $2,057

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 8.4%
>=$1,500 91.6%
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 $1,812 would therefore be considered affordable for annual household incomes greater than $72,480 (12 months x 3.333 x $1,812).

Rent % Affordability
Above $500 94.2%
Above $700 90.0%
Above $1,100 83.2%
Above $1,500 78.0%
Above $1,900 69.3%
HOUSEHOLD INCOME RANGE

Approximately 2,403 of households in this neighborhood have a total annual income of $72,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,812 per month.

MINIMUM INCOME RANGE : $72,480

Income % Distribution
<$20K 5.8%
$20K-$35K 6.7%
$35K-$60K 9.5%
$60K-$100K 21.4%
>=$100K 56.5%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 4.8%
10-14 mins 11.0%
15-19 mins 15.3%
20-29 mins 16.7%
30-44 mins 18.0%
45-59 mins 18.1%
>60 mins 15.5%

FINKSBURG Demographics

INDUSTRY

Industry % Distribution
Construction 9.3%
Financial Industries 6.8%
Health Care & Social Assistance 11.9%
Professional & Scientific Tech Services 9.7%
Public Administration 7.1%
Retail & Wholesale Trader 15.2%
Other 40.0%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 30% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 18.2%
15-19 6.9%
20-24 4.4%
25-44 21.1%
45-65 33.3%
66+ 16.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.9%
Healthcare 6.8%
Management, Business, & Financial 23.1%
Natural Resources Maintenance 12.3%
Production & Transportation 7.0%
Sales & Office 29.7%
Other 12.3%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.4%
High School 28.3%
Masters Degree 10.8%
Some College 19.0%
Some High School 5.5%
Other 28.1%

2822 Benson Rd Comps

Sorry, we do not have sufficient data available.

2822 Benson Rd, Finksburg, MD 21048 is a single family home of 2,048 sqft. HomeUnion INVESTimateĀ® for 2822 Benson Rd includes a Price Estimate of $290,446 and a Rent Estimate of $1,796. This single family home has 0 bedrooms,2 bathrooms, and was built in 1974. This property has an estimated 15 year annualized Yield of 7.42% and Total Return of 18.37%. The estimated 1 year forecast in home value for 2822 Benson Rd is 3.98%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , CARROLL County , or the 21048 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2