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555 S Woodland Hills Dr PROPERTY INFO
FACTS
- Built In 1973
- Price/Sqft : $82.43
CONSTRUCTION
- Beds : 5
- Floor Size : 5,963 sqft
- Baths : 4 Full 2 Half
555 S Woodland Hills Dr SCHOOLS
Financial Details
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SALEM
Neighborhood : SALEM
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 54% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,175 per month.
MY RENT : $2,175 MEDIAN RENT : $1,520
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 $2,175 would therefore be considered affordable for annual household incomes greater than $87,000 (12 months x 3.333 x $2,175).
HOUSEHOLD INCOME RANGE
Approximately 1,079 of households in this neighborhood have a total annual income of $87,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,175 per month.
MINIMUM INCOME RANGE : $87,000
COMMUTE TIME DISTRIBUTION
58% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
SALEM Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 6.9% |
| Educational Services | 14.6% |
| Health Care & Social Assistance | 16.6% |
| Manufacturing | 10.3% |
| Professional & Scientific Tech Services | 7.7% |
| Retail & Wholesale Trader | 12.4% |
| Other | 31.5% |
AGE DISTRIBUTION
42% of the population is between the ages of 25 and 64, 47% is 24 or younger and 12% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 29.5% |
| 15-19 | 10.5% |
| 20-24 | 6.7% |
| 25-44 | 21.8% |
| 45-65 | 20.0% |
| 66+ | 11.6% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 7.7% |
| Healthcare | 11.4% |
| Management, Business, & Financial | 21.8% |
| Natural Resources Maintenance | 11.2% |
| Production & Transportation | 11.7% |
| Sales & Office | 18.9% |
| Other | 17.3% |
HIGHEST EDUCATION LEVEL
26% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 13.3% |
| High School | 16.4% |
| Masters Degree | 9.4% |
| Some College | 28.6% |
| Some High School | 2.5% |
| Other | 29.9% |
555 S Woodland Hills Dr Comps
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555 S Woodland Hills Dr, Woodland Hills, UT 84653 is a single family home of 5,963 sqft. HomeUnion INVESTimateĀ® for 555 S Woodland Hills Dr includes a Price Estimate of $491,559 and a Rent Estimate of $2,532. This single family home has 5 bedrooms,6 bathrooms, and was built in 1973. This property has an estimated 15 year annualized Yield of 6.18% and Total Return of 21.99%. The estimated 1 year forecast in home value for 555 S Woodland Hills Dr is 6.03%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in UT , UTAH County , or the 84653 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
