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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

6483 County Road 62 Lafayette, AL 36862

0 Beds 0 Baths 1,774 sqft Built 1980
Last updated:  Jul 30, 2018

INVESTimate

$149,051

$134K - $164K

Price Est.

$833

734 - 932

Rent Est.

$138,453  ( -7.11%)   1 YR EST. FORECAST
  
  
  

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6483 County Road 62 PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $84.02
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,774 sqft
  • Baths : 0 Full

6483 County Road 62 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
EASTSIDE ELEMENTARY SCHOOL Primary Regular 360 29 NA
JOHN P POWELL MIDDLE SCHOOL Middle Regular 159 18 NA
JOHN P POWELL MIDDLE SCHOOL High Regular 159 18 NA

EASTSIDE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 360
  • # of teachers: 29
-1
GreatSchools Rating

JOHN P POWELL MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 159
  • # of teachers: 18
-1
GreatSchools Rating

JOHN P POWELL MIDDLE SCHOOL

  • Education Level: High
  • # of students: 159
  • # of teachers: 18
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

LAFAYETTE

  • 6,330

    POPULATION
  • 2,509

    HOUSEHOLDS
  • 37.5%

    WHITE COLLAR

Neighborhood : LAFAYETTE

HOUSEHOLDS
2,509
POPULATION

6,330

32.0%Renters
68.0%Home Owners
LABOR FORCE

 

37.5%White Collar
62.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $789 per month.

MY RENT : $789 MEDIAN RENT : $683

Rent % Distribution LEVEL
$500-699 55.0%
$700-899 36.8%
$900-999 7.8%
$1,000-1,499 0.5%
>=$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 $789 would therefore be considered affordable for annual household incomes greater than $31,560 (12 months x 3.333 x $789).

Rent % Affordability
Above $500 72.7%
Above $700 60.4%
Above $1,100 38.7%
Above $1,500 27.8%
Above $1,900 21.2%
HOUSEHOLD INCOME RANGE

Approximately 6,838 of households in this neighborhood have a total annual income of $31,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $789 per month.

MINIMUM INCOME RANGE : $31,560

Income % Distribution
<$20K 27.3%
$20K-$35K 24.7%
$35K-$60K 20.3%
$60K-$100K 16.5%
>=$100K 11.2%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.5%
5-9 mins 6.8%
10-14 mins 8.6%
15-19 mins 9.3%
20-29 mins 24.3%
30-44 mins 32.6%
45-59 mins 10.1%
>60 mins 4.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $789 per month.

MY RENT : $789 MEDIAN RENT : $683

Rent % Distribution
$500-699 55.0%
$700-899 36.8%
$900-999 7.8%
$1,000-1,499 0.5%
>=$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 $789 would therefore be considered affordable for annual household incomes greater than $31,560 (12 months x 3.333 x $789).

Rent % Affordability
Above $500 72.7%
Above $700 60.4%
Above $1,100 38.7%
Above $1,500 27.8%
Above $1,900 21.2%
HOUSEHOLD INCOME RANGE

Approximately 6,838 of households in this neighborhood have a total annual income of $31,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $789 per month.

MINIMUM INCOME RANGE : $31,560

Income % Distribution
<$20K 27.3%
$20K-$35K 24.7%
$35K-$60K 20.3%
$60K-$100K 16.5%
>=$100K 11.2%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.5%
5-9 mins 6.8%
10-14 mins 8.6%
15-19 mins 9.3%
20-29 mins 24.3%
30-44 mins 32.6%
45-59 mins 10.1%
>60 mins 4.7%

LAFAYETTE Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.2%
Construction 8.3%
Educational Services 11.0%
Health Care & Social Assistance 13.0%
Manufacturing 24.8%
Retail & Wholesale Trader 14.3%
Other 22.4%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 29% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 17.0%
15-19 5.8%
20-24 5.9%
25-44 20.7%
45-65 29.8%
66+ 20.8%
OCCUPATION

Occupation % Distribution
Construction 5.9%
Healthcare 5.6%
Management, Business, & Financial 10.8%
Natural Resources Maintenance 22.0%
Production & Transportation 25.8%
Sales & Office 16.4%
Other 13.4%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.7%
High School 36.2%
Masters Degree 3.8%
Some College 19.2%
Some High School 25.9%
Other 7.1%

6483 County Road 62 Comps

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6483 County Road 62, Lafayette, AL 36862 is a single family home of 1,774 sqft. HomeUnion INVESTimateĀ® for 6483 County Road 62 includes a Price Estimate of $149,051 and a Rent Estimate of $833. This single family home has 0 bedrooms,0 bathrooms, and was built in 1980. This property has an estimated 15 year annualized Yield of 6.71% and Total Return of 1.80%. The estimated 1 year forecast in home value for 6483 County Road 62 is -7.11%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , CHAMBERS County , or the 36862 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2