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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

3855 Bear Hill Rd Grantsville, MD 21536

0 Beds 1 Baths 924 sqft Built 1970
Last updated:  May 30, 2018

INVESTimate

$56,925

$47.8K - $66.0K

Price Est.

$874

763 - 985

Rent Est.

$55,792  ( -1.99%)   1 YR EST. FORECAST
  
  
  

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3855 Bear Hill Rd PROPERTY INFO

FACTS
  • Built In 1970
  • Price/Sqft : $61.61
CONSTRUCTION
  • Beds : 0
  • Floor Size : 924 sqft
  • Baths : 1 Full

3855 Bear Hill Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GRANTSVILLE ELEMENTARY SCHOOL Primary Regular 237 22 NA
NORTHERN MIDDLE SCHOOL Middle Regular 368 28 NA
NORTHERN GARRETT HIGH SCHOOL High Regular 482 40 NA

GRANTSVILLE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 237
  • # of teachers: 22
-1
GreatSchools Rating

NORTHERN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 368
  • # of teachers: 28
-1
GreatSchools Rating

NORTHERN GARRETT HIGH SCHOOL

  • Education Level: High
  • # of students: 482
  • # of teachers: 40
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

GRANTSVILLE

  • 4,201

    POPULATION
  • 1,560

    HOUSEHOLDS
  • 52.7%

    WHITE COLLAR

Neighborhood : GRANTSVILLE

HOUSEHOLDS
1,560
POPULATION

4,201

25.6%Renters
74.4%Home Owners
LABOR FORCE

 

52.7%White Collar
47.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $903 per month.

MY RENT : $903 MEDIAN RENT : $1,074

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 21.3%
$900-999 11.9%
$1,000-1,499 56.3%
>=$1,500 10.5%
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 $903 would therefore be considered affordable for annual household incomes greater than $36,120 (12 months x 3.333 x $903).

Rent % Affordability
Above $500 81.9%
Above $700 73.6%
Above $1,100 55.8%
Above $1,500 42.6%
Above $1,900 33.6%
HOUSEHOLD INCOME RANGE

Approximately 803 of households in this neighborhood have a total annual income of $36,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $903 per month.

MINIMUM INCOME RANGE : $36,120

Income % Distribution
<$20K 18.1%
$20K-$35K 16.9%
$35K-$60K 22.4%
$60K-$100K 23.5%
>=$100K 19.0%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.6%
5-9 mins 11.8%
10-14 mins 9.7%
15-19 mins 8.5%
20-29 mins 21.3%
30-44 mins 21.2%
45-59 mins 7.5%
>60 mins 11.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $903 per month.

MY RENT : $903 MEDIAN RENT : $1,074

Rent % Distribution
$500-699 0.0%
$700-899 21.3%
$900-999 11.9%
$1,000-1,499 56.3%
>=$1,500 10.5%
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 $903 would therefore be considered affordable for annual household incomes greater than $36,120 (12 months x 3.333 x $903).

Rent % Affordability
Above $500 81.9%
Above $700 73.6%
Above $1,100 55.8%
Above $1,500 42.6%
Above $1,900 33.6%
HOUSEHOLD INCOME RANGE

Approximately 803 of households in this neighborhood have a total annual income of $36,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $903 per month.

MINIMUM INCOME RANGE : $36,120

Income % Distribution
<$20K 18.1%
$20K-$35K 16.9%
$35K-$60K 22.4%
$60K-$100K 23.5%
>=$100K 19.0%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.6%
5-9 mins 11.8%
10-14 mins 9.7%
15-19 mins 8.5%
20-29 mins 21.3%
30-44 mins 21.2%
45-59 mins 7.5%
>60 mins 11.4%

GRANTSVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.0%
Construction 11.6%
Health Care & Social Assistance 16.9%
Manufacturing 8.6%
Retail & Wholesale Trader 10.6%
Transportation 7.5%
Other 34.8%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 31% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 18.6%
15-19 5.7%
20-24 7.2%
25-44 20.5%
45-65 27.4%
66+ 20.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.6%
Healthcare 14.1%
Management, Business, & Financial 11.3%
Natural Resources Maintenance 18.2%
Production & Transportation 14.4%
Sales & Office 19.2%
Other 18.3%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.8%
High School 43.7%
Masters Degree 5.6%
Some College 18.0%
Some High School 13.5%
Other 10.4%

3855 Bear Hill Rd Comps

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3855 Bear Hill Rd, Grantsville, MD 21536 is a single family home of 924 sqft. HomeUnion INVESTimateĀ® for 3855 Bear Hill Rd includes a Price Estimate of $56,925 and a Rent Estimate of $874. This single family home has 0 bedrooms,1 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 18.42% and Total Return of 25.54%. The estimated 1 year forecast in home value for 3855 Bear Hill Rd is -1.99%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , GARRETT County , or the 21536 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2