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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

703 62nd Ave Fairmount Heights, MD 20743

0 Beds 2 Baths 1,480 sqft Built 2005
Last updated:  May 30, 2018

INVESTimate

$267,224

$252K - $283K

Price Est.

$1,460

$1.3K - $1.6K

Rent Est.

$284,674  ( +6.53%)   1 YR EST. FORECAST
  
  
  

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703 62nd Ave PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $180.56
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,480 sqft
  • Baths : 2 Full

703 62nd Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SEAT PLEASANT ELEMENTARY SCHOOL Primary Regular 318 25 3
G. JAMES GHOLSON MIDDLE SCHOOL Middle Regular 715 47 3
FAIRMONT HEIGHTS HIGH SCHOOL High Magnet 752 46 3

SEAT PLEASANT ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 318
  • # of teachers: 25
3
GreatSchools Rating

G. JAMES GHOLSON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 47
3
GreatSchools Rating

FAIRMONT HEIGHTS HIGH SCHOOL

  • Education Level: High
  • # of students: 752
  • # of teachers: 46
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Fairmount Heights

  • 1,620

    POPULATION
  • 576

    HOUSEHOLDS
  • 52.3%

    WHITE COLLAR

Neighborhood : Fairmount Heights

HOUSEHOLDS
576
POPULATION

1,620

29.2%Renters
70.8%Home Owners
LABOR FORCE

 

52.3%White Collar
47.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 21% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,478 per month.

MY RENT : $1,478 MEDIAN RENT : $1,227

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 1.2%
$1,000-1,499 81.5%
>=$1,500 17.2%
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 $1,478 would therefore be considered affordable for annual household incomes greater than $59,120 (12 months x 3.333 x $1,478).

Rent % Affordability
Above $500 84.3%
Above $700 74.5%
Above $1,100 58.2%
Above $1,500 42.7%
Above $1,900 32.5%
HOUSEHOLD INCOME RANGE

Approximately 247 of households in this neighborhood have a total annual income of $59,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,478 per month.

MINIMUM INCOME RANGE : $59,120

Income % Distribution
<$20K 15.7%
$20K-$35K 19.2%
$35K-$60K 22.5%
$60K-$100K 25.6%
>=$100K 17.1%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 32% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 6.0%
10-14 mins 1.4%
15-19 mins 10.3%
20-29 mins 14.5%
30-44 mins 34.9%
45-59 mins 11.5%
>60 mins 20.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 21% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,478 per month.

MY RENT : $1,478 MEDIAN RENT : $1,227

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 1.2%
$1,000-1,499 81.5%
>=$1,500 17.2%
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 $1,478 would therefore be considered affordable for annual household incomes greater than $59,120 (12 months x 3.333 x $1,478).

Rent % Affordability
Above $500 84.3%
Above $700 74.5%
Above $1,100 58.2%
Above $1,500 42.7%
Above $1,900 32.5%
HOUSEHOLD INCOME RANGE

Approximately 247 of households in this neighborhood have a total annual income of $59,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,478 per month.

MINIMUM INCOME RANGE : $59,120

Income % Distribution
<$20K 15.7%
$20K-$35K 19.2%
$35K-$60K 22.5%
$60K-$100K 25.6%
>=$100K 17.1%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 32% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 6.0%
10-14 mins 1.4%
15-19 mins 10.3%
20-29 mins 14.5%
30-44 mins 34.9%
45-59 mins 11.5%
>60 mins 20.1%

Fairmount Heights Demographics

INDUSTRY

Industry % Distribution
Administrative Support 13.7%
Arts & Entertainment 9.1%
Educational Services 10.5%
Health Care & Social Assistance 10.9%
Professional & Scientific Tech Services 10.7%
Retail & Wholesale Trader 12.6%
Other 32.6%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 31% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 17.9%
15-19 5.8%
20-24 7.2%
25-44 27.8%
45-65 27.5%
66+ 13.7%
OCCUPATION

Occupation % Distribution
Healthcare 6.1%
Management, Business, & Financial 8.1%
Natural Resources Maintenance 8.4%
Production & Transportation 14.5%
Protect 5.3%
Sales & Office 39.1%
Other 18.5%
HIGHEST EDUCATION LEVEL

10% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.0%
High School 42.3%
Masters Degree 3.3%
Some College 23.9%
Some High School 18.9%
Other 5.7%

703 62nd Ave Comps

Sorry, we do not have sufficient data available.

703 62nd Ave, Fairmount Heights, MD 20743 is a single family home of 1,480 sqft. HomeUnion INVESTimateĀ® for 703 62nd Ave includes a Price Estimate of $267,224 and a Rent Estimate of $1,460. This single family home has 0 bedrooms,2 bathrooms, and was built in 2005. This property has an estimated 15 year annualized Yield of 6.56% and Total Return of 17.39%. The estimated 1 year forecast in home value for 703 62nd Ave is 6.53%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , PRINCE GEORGES County , or the 20743 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2