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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

55 Wildwood Way Somerville, AL 35670

0 Beds 0 Baths 1,521 sqft Built 1991
Last updated:  Jun 30, 2018

INVESTimate

$173,023

$159K - $187K

Price Est.

$785

705 - 865

Rent Est.

$171,258  ( -1.02%)   1 YR EST. FORECAST
  
  
  

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55 Wildwood Way PROPERTY INFO

FACTS
  • Built In 1991
  • Price/Sqft : $113.76
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,521 sqft
  • Baths : 0 Full

55 Wildwood Way SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PRICEVILLE ELEMENTARY SCHOOL Primary Regular 684 43 7
PRICEVILLE JUNIOR HIGH SCHOOL High Regular 338 29 8

PRICEVILLE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 43
7
GreatSchools Rating

PRICEVILLE JUNIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 338
  • # of teachers: 29
8
GreatSchools Rating
 

Financial Details

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Neighborhood

SOMERVILLE

  • 6,985

    POPULATION
  • 2,898

    HOUSEHOLDS
  • 51.7%

    WHITE COLLAR

Neighborhood : SOMERVILLE

HOUSEHOLDS
2,898
POPULATION

6,985

18.7%Renters
81.3%Home Owners
LABOR FORCE

 

51.7%White Collar
48.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $825 per month.

MY RENT : $825 MEDIAN RENT : $666

Rent % Distribution LEVEL
$400-699 56.6%
$700-899 24.5%
$900-999 10.3%
$1,000-1,499 8.6%
>=$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 $825 would therefore be considered affordable for annual household incomes greater than $33,000 (12 months x 3.333 x $825).

Rent % Affordability
Above $500 80.1%
Above $700 70.9%
Above $1,100 50.8%
Above $1,500 39.7%
Above $1,900 22.5%
HOUSEHOLD INCOME RANGE

Approximately 7,253 of households in this neighborhood have a total annual income of $33,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $825 per month.

MINIMUM INCOME RANGE : $33,000

Income % Distribution
<$20K 19.9%
$20K-$35K 21.1%
$35K-$60K 19.3%
$60K-$100K 28.4%
>=$100K 11.3%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.0%
5-9 mins 1.7%
10-14 mins 6.5%
15-19 mins 11.0%
20-29 mins 20.6%
30-44 mins 33.6%
45-59 mins 21.4%
>60 mins 3.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $825 per month.

MY RENT : $825 MEDIAN RENT : $666

Rent % Distribution
$400-699 56.6%
$700-899 24.5%
$900-999 10.3%
$1,000-1,499 8.6%
>=$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 $825 would therefore be considered affordable for annual household incomes greater than $33,000 (12 months x 3.333 x $825).

Rent % Affordability
Above $500 80.1%
Above $700 70.9%
Above $1,100 50.8%
Above $1,500 39.7%
Above $1,900 22.5%
HOUSEHOLD INCOME RANGE

Approximately 7,253 of households in this neighborhood have a total annual income of $33,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $825 per month.

MINIMUM INCOME RANGE : $33,000

Income % Distribution
<$20K 19.9%
$20K-$35K 21.1%
$35K-$60K 19.3%
$60K-$100K 28.4%
>=$100K 11.3%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.0%
5-9 mins 1.7%
10-14 mins 6.5%
15-19 mins 11.0%
20-29 mins 20.6%
30-44 mins 33.6%
45-59 mins 21.4%
>60 mins 3.1%

SOMERVILLE Demographics

INDUSTRY

Industry % Distribution
Construction 11.9%
Educational Services 7.0%
Health Care & Social Assistance 11.6%
Manufacturing 15.7%
Professional & Scientific Tech Services 9.8%
Retail & Wholesale Trader 10.4%
Other 33.7%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 28% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 16.6%
15-19 5.8%
20-24 5.3%
25-44 23.8%
45-65 32.3%
66+ 16.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.9%
Healthcare 7.9%
Management, Business, & Financial 10.8%
Natural Resources Maintenance 16.0%
Production & Transportation 22.0%
Sales & Office 20.8%
Other 15.6%
HIGHEST EDUCATION LEVEL

13% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.3%
High School 33.6%
Masters Degree 4.6%
Some College 24.1%
Some High School 18.5%
Other 12.0%

55 Wildwood Way Comps

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55 Wildwood Way, Somerville, AL 35670 is a single family home of 1,521 sqft. HomeUnion INVESTimateĀ® for 55 Wildwood Way includes a Price Estimate of $173,023 and a Rent Estimate of $785. This single family home has 0 bedrooms,0 bathrooms, and was built in 1991. This property has an estimated 15 year annualized Yield of 5.44% and Total Return of 5.85%. The estimated 1 year forecast in home value for 55 Wildwood Way is -1.02%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , MORGAN County , or the 35670 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2