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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

311 S Ridge Rd Cedar City, UT 84720

0 Beds 4 Baths 2,010 sqft Built 1968
Last updated:  Jun 30, 2018

INVESTimate

$330,780

$300K - $362K

Price Est.

$1,494

$1.4K - $1.6K

Rent Est.

$357,242  ( +8%)   1 YR EST. FORECAST
  
  
  

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311 S Ridge Rd PROPERTY INFO

FACTS
  • Built In 1968
  • Price/Sqft : $164.57
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,010 sqft
  • Baths : 4 Full

311 S Ridge Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CEDAR SOUTH ELEMENTARY SCHOOL Primary Regular 503 22 8
CEDAR CITY MIDDLE SCHOOL Middle Regular 953 41 7
CEDAR CITY HIGH SCHOOL High Regular 1,068 50 7

CEDAR SOUTH ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 22
8
GreatSchools Rating

CEDAR CITY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 953
  • # of teachers: 41
7
GreatSchools Rating

CEDAR CITY HIGH SCHOOL

  • Education Level: High
  • # of students: 1,068
  • # of teachers: 50
7
GreatSchools Rating
 

Financial Details

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Neighborhood

CEDAR CITY

  • 21,662

    POPULATION
  • 7,146

    HOUSEHOLDS
  • 65.2%

    WHITE COLLAR

Neighborhood : CEDAR CITY

HOUSEHOLDS
7,146
POPULATION

21,662

39.9%Renters
60.1%Home Owners
LABOR FORCE

 

65.2%White Collar
34.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 30% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,333 per month.

MY RENT : $1,333 MEDIAN RENT : $1,125

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 7.8%
$900-999 5.1%
$1,000-1,499 86.0%
>=$1,500 1.1%
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 $1,333 would therefore be considered affordable for annual household incomes greater than $53,320 (12 months x 3.333 x $1,333).

Rent % Affordability
Above $500 78.4%
Above $700 67.9%
Above $1,100 51.7%
Above $1,500 39.1%
Above $1,900 26.9%
HOUSEHOLD INCOME RANGE

Approximately 2,946 of households in this neighborhood have a total annual income of $53,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,333 per month.

MINIMUM INCOME RANGE : $53,320

Income % Distribution
<$20K 21.6%
$20K-$35K 19.9%
$35K-$60K 19.5%
$60K-$100K 24.5%
>=$100K 14.6%
COMMUTE TIME DISTRIBUTION

22% of the working population has a commute time of 15 to 44 minutes, 72% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.4%
5-9 mins 39.6%
10-14 mins 20.1%
15-19 mins 11.9%
20-29 mins 5.4%
30-44 mins 4.3%
45-59 mins 3.4%
>60 mins 3.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 30% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,333 per month.

MY RENT : $1,333 MEDIAN RENT : $1,125

Rent % Distribution
$500-699 0.0%
$700-899 7.8%
$900-999 5.1%
$1,000-1,499 86.0%
>=$1,500 1.1%
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 $1,333 would therefore be considered affordable for annual household incomes greater than $53,320 (12 months x 3.333 x $1,333).

Rent % Affordability
Above $500 78.4%
Above $700 67.9%
Above $1,100 51.7%
Above $1,500 39.1%
Above $1,900 26.9%
HOUSEHOLD INCOME RANGE

Approximately 2,946 of households in this neighborhood have a total annual income of $53,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,333 per month.

MINIMUM INCOME RANGE : $53,320

Income % Distribution
<$20K 21.6%
$20K-$35K 19.9%
$35K-$60K 19.5%
$60K-$100K 24.5%
>=$100K 14.6%
COMMUTE TIME DISTRIBUTION

22% of the working population has a commute time of 15 to 44 minutes, 72% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.4%
5-9 mins 39.6%
10-14 mins 20.1%
15-19 mins 11.9%
20-29 mins 5.4%
30-44 mins 4.3%
45-59 mins 3.4%
>60 mins 3.0%

CEDAR CITY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.4%
Construction 7.3%
Educational Services 21.3%
Health Care & Social Assistance 11.5%
Manufacturing 6.6%
Retail & Wholesale Trader 15.1%
Other 26.8%
AGE DISTRIBUTION

42% of the population is between the ages of 25 and 64, 46% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 21.8%
15-19 9.3%
20-24 15.4%
25-44 24.6%
45-65 17.1%
66+ 11.8%
OCCUPATION

Occupation % Distribution
Construction 12.6%
Healthcare 6.3%
Management, Business, & Financial 15.8%
Natural Resources Maintenance 13.4%
Production & Transportation 12.4%
Sales & Office 23.2%
Other 16.4%
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 8.0%
High School 21.4%
Masters Degree 7.5%
Some College 29.2%
Some High School 4.8%
Other 29.1%

311 S Ridge Rd Comps

Sorry, we do not have sufficient data available.

311 S Ridge Rd, Cedar City, UT 84720 is a single family home of 2,010 sqft. HomeUnion INVESTimateĀ® for 311 S Ridge Rd includes a Price Estimate of $330,780 and a Rent Estimate of $1,494. This single family home has 0 bedrooms,4 bathrooms, and was built in 1968. This property has an estimated 15 year annualized Yield of 5.42% and Total Return of 22.93%. The estimated 1 year forecast in home value for 311 S Ridge Rd is 8%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in UT , IRON County , or the 84720 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2