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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

6323 Highway 36 Randolph, AL 36792

0 Beds 0 Baths 1,388 sqft Built 1958
Last updated:  Jul 30, 2018

INVESTimate

$102,421

$91.7K - $113K

Price Est.

$750

660 - 840

Rent Est.

$104,060  ( +1.6%)   1 YR EST. FORECAST
  
  
  

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6323 Highway 36 PROPERTY INFO

FACTS
  • Built In 1958
  • Price/Sqft : $73.79
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,388 sqft
  • Baths : 0 Full

6323 Highway 36 SCHOOLS

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Financial Details

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Neighborhood

RANDOLPH

  • 1,423

    POPULATION
  • 490

    HOUSEHOLDS
  • 50.9%

    WHITE COLLAR

Neighborhood : RANDOLPH

HOUSEHOLDS
490
POPULATION

1,423

18.5%Renters
81.5%Home Owners
LABOR FORCE

 

50.9%White Collar
49.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 79% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $712 per month.

MY RENT : $712 MEDIAN RENT : $793

Rent % Distribution LEVEL
$500-699 17.3%
$700-899 56.3%
$900-999 20.4%
$1,000-1,499 6.0%
>=$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 $712 would therefore be considered affordable for annual household incomes greater than $28,480 (12 months x 3.333 x $712).

Rent % Affordability
Above $500 82.1%
Above $700 63.2%
Above $1,100 48.0%
Above $1,500 36.8%
Above $1,900 25.1%
HOUSEHOLD INCOME RANGE

Approximately 1,538 of households in this neighborhood have a total annual income of $28,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $712 per month.

MINIMUM INCOME RANGE : $28,480

Income % Distribution
<$20K 17.9%
$20K-$35K 28.5%
$35K-$60K 16.8%
$60K-$100K 20.5%
>=$100K 16.2%
COMMUTE TIME DISTRIBUTION

37% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 47% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 2.2%
10-14 mins 12.2%
15-19 mins 5.5%
20-29 mins 10.0%
30-44 mins 21.4%
45-59 mins 25.5%
>60 mins 21.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 79% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $712 per month.

MY RENT : $712 MEDIAN RENT : $793

Rent % Distribution
$500-699 17.3%
$700-899 56.3%
$900-999 20.4%
$1,000-1,499 6.0%
>=$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 $712 would therefore be considered affordable for annual household incomes greater than $28,480 (12 months x 3.333 x $712).

Rent % Affordability
Above $500 82.1%
Above $700 63.2%
Above $1,100 48.0%
Above $1,500 36.8%
Above $1,900 25.1%
HOUSEHOLD INCOME RANGE

Approximately 1,538 of households in this neighborhood have a total annual income of $28,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $712 per month.

MINIMUM INCOME RANGE : $28,480

Income % Distribution
<$20K 17.9%
$20K-$35K 28.5%
$35K-$60K 16.8%
$60K-$100K 20.5%
>=$100K 16.2%
COMMUTE TIME DISTRIBUTION

37% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 47% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 2.2%
10-14 mins 12.2%
15-19 mins 5.5%
20-29 mins 10.0%
30-44 mins 21.4%
45-59 mins 25.5%
>60 mins 21.6%

RANDOLPH Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.3%
Construction 9.9%
Educational Services 5.3%
Health Care & Social Assistance 11.8%
Manufacturing 16.0%
Retail & Wholesale Trader 17.9%
Other 32.6%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 34% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 21.6%
15-19 4.5%
20-24 8.0%
25-44 20.0%
45-65 27.8%
66+ 18.0%
OCCUPATION

Occupation % Distribution
Clean 10.5%
Construction 5.8%
Management, Business, & Financial 12.5%
Natural Resources Maintenance 21.1%
Production & Transportation 15.2%
Sales & Office 21.6%
Other 13.3%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.2%
High School 41.2%
Masters Degree 6.1%
Some College 20.8%
Some High School 13.8%
Other 8.9%

6323 Highway 36 Comps

Sorry, we do not have sufficient data available.

6323 Highway 36, Randolph, AL 36792 is a single family home of 1,388 sqft. HomeUnion INVESTimateĀ® for 6323 Highway 36 includes a Price Estimate of $102,421 and a Rent Estimate of $750. This single family home has 0 bedrooms,0 bathrooms, and was built in 1958. This property has an estimated 15 year annualized Yield of 8.79% and Total Return of 15.89%. The estimated 1 year forecast in home value for 6323 Highway 36 is 1.6%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , BIBB County , or the 36792 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2