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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

49464 Highway 49 Cragford, AL 36255

0 Beds 0 Baths 1,280 sqft Built 1996
Last updated:  Jul 30, 2018

INVESTimate

$189,355

$170K - $209K

Price Est.

$625

550 - 700

Rent Est.

$193,615  ( +2.25%)   1 YR EST. FORECAST
  
  
  

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49464 Highway 49 PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $147.93
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,280 sqft
  • Baths : 0 Full

49464 Highway 49 SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

CRAGFORD

  • 679

    POPULATION
  • 315

    HOUSEHOLDS
  • 26.4%

    WHITE COLLAR

Neighborhood : CRAGFORD

HOUSEHOLDS
315
POPULATION

679

15.2%Renters
84.8%Home Owners
LABOR FORCE

 

26.4%White Collar
73.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 45% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $726 per month.

MY RENT : $726 MEDIAN RENT : $689

Rent % Distribution LEVEL
$500-699 51.3%
$700-899 28.0%
$900-999 16.9%
$1,000-1,499 3.8%
>=$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 $726 would therefore be considered affordable for annual household incomes greater than $29,040 (12 months x 3.333 x $726).

Rent % Affordability
Above $500 81.7%
Above $700 63.2%
Above $1,100 44.2%
Above $1,500 26.0%
Above $1,900 15.0%
HOUSEHOLD INCOME RANGE

Approximately 932 of households in this neighborhood have a total annual income of $29,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $726 per month.

MINIMUM INCOME RANGE : $29,040

Income % Distribution
<$20K 18.3%
$20K-$35K 26.7%
$35K-$60K 28.9%
$60K-$100K 21.2%
>=$100K 4.8%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 11% 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 1.6%
5-9 mins 2.5%
10-14 mins 6.9%
15-19 mins 15.4%
20-29 mins 47.5%
30-44 mins 7.2%
45-59 mins 7.9%
>60 mins 11.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 45% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $726 per month.

MY RENT : $726 MEDIAN RENT : $689

Rent % Distribution
$500-699 51.3%
$700-899 28.0%
$900-999 16.9%
$1,000-1,499 3.8%
>=$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 $726 would therefore be considered affordable for annual household incomes greater than $29,040 (12 months x 3.333 x $726).

Rent % Affordability
Above $500 81.7%
Above $700 63.2%
Above $1,100 44.2%
Above $1,500 26.0%
Above $1,900 15.0%
HOUSEHOLD INCOME RANGE

Approximately 932 of households in this neighborhood have a total annual income of $29,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $726 per month.

MINIMUM INCOME RANGE : $29,040

Income % Distribution
<$20K 18.3%
$20K-$35K 26.7%
$35K-$60K 28.9%
$60K-$100K 21.2%
>=$100K 4.8%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 11% 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 1.6%
5-9 mins 2.5%
10-14 mins 6.9%
15-19 mins 15.4%
20-29 mins 47.5%
30-44 mins 7.2%
45-59 mins 7.9%
>60 mins 11.0%

CRAGFORD Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 3.1%
Educational Services 5.6%
Health Care & Social Assistance 11.2%
Manufacturing 39.1%
Retail & Wholesale Trader 17.4%
Transportation 7.5%
Other 16.1%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 28% is 24 or younger and 25% is 65 or older.

Age % Distribution
<15 12.2%
15-19 6.9%
20-24 8.4%
25-44 18.3%
45-65 29.2%
66+ 25.0%
OCCUPATION

Occupation % Distribution
Clean 3.0%
Healthcare 4.7%
Natural Resources Maintenance 20.6%
PCare 3.4%
Production & Transportation 41.6%
Sales & Office 17.6%
Other 9.0%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.4%
High School 37.5%
Masters Degree 2.6%
Some College 14.3%
Some High School 25.3%
Other 6.9%

49464 Highway 49 Comps

Sorry, we do not have sufficient data available.

49464 Highway 49, Cragford, AL 36255 is a single family home of 1,280 sqft. HomeUnion INVESTimateĀ® for 49464 Highway 49 includes a Price Estimate of $189,355 and a Rent Estimate of $625. This single family home has 0 bedrooms,0 bathrooms, and was built in 1996. This property has an estimated 15 year annualized Yield of 3.96% and Total Return of 7.20%. The estimated 1 year forecast in home value for 49464 Highway 49 is 2.25%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , CLAY County , or the 36255 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2