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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

7150 Arcadia Cir Newark, MD 21841

0 Beds 2 Baths 1,552 sqft Built 2014
Last updated:  May 30, 2018

INVESTimate

$258,429

$243K - $274K

Price Est.

$1,467

$1.3K - $1.6K

Rent Est.

$280,706  ( +8.62%)   1 YR EST. FORECAST
  
  
  

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7150 Arcadia Cir PROPERTY INFO

FACTS
  • Built In 2014
  • Price/Sqft : $166.51
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,552 sqft
  • Baths : 2 Full

7150 Arcadia Cir SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SNOW HILL MIDDLE SCHOOL Primary Regular 386 41 8
SNOW HILL MIDDLE SCHOOL Middle Regular 386 41 8
SNOW HILL HIGH SCHOOL High Regular 340 33 9

SNOW HILL MIDDLE SCHOOL

  • Education Level: Primary
  • # of students: 386
  • # of teachers: 41
8
GreatSchools Rating

SNOW HILL MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 386
  • # of teachers: 41
8
GreatSchools Rating

SNOW HILL HIGH SCHOOL

  • Education Level: High
  • # of students: 340
  • # of teachers: 33
9
GreatSchools Rating
 

Financial Details

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Neighborhood

NEWARK

  • 1,130

    POPULATION
  • 369

    HOUSEHOLDS
  • 51.8%

    WHITE COLLAR

Neighborhood : NEWARK

HOUSEHOLDS
369
POPULATION

1,130

27.9%Renters
72.1%Home Owners
LABOR FORCE

 

51.8%White Collar
48.2%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 $1,469 per month.

MY RENT : $1,469 MEDIAN RENT : $1,178

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 8.5%
$900-999 19.5%
$1,000-1,499 46.6%
>=$1,500 25.5%
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 $1,469 would therefore be considered affordable for annual household incomes greater than $58,760 (12 months x 3.333 x $1,469).

Rent % Affordability
Above $500 97.6%
Above $700 92.8%
Above $1,100 74.0%
Above $1,500 61.8%
Above $1,900 58.4%
HOUSEHOLD INCOME RANGE

Approximately 230 of households in this neighborhood have a total annual income of $58,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,469 per month.

MINIMUM INCOME RANGE : $58,760

Income % Distribution
<$20K 2.4%
$20K-$35K 13.8%
$35K-$60K 22.0%
$60K-$100K 39.0%
>=$100K 22.8%
COMMUTE TIME DISTRIBUTION

77% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 6.3%
10-14 mins 5.0%
15-19 mins 19.2%
20-29 mins 15.5%
30-44 mins 42.3%
45-59 mins 8.1%
>60 mins 2.6%
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 $1,469 per month.

MY RENT : $1,469 MEDIAN RENT : $1,178

Rent % Distribution
$500-699 0.0%
$700-899 8.5%
$900-999 19.5%
$1,000-1,499 46.6%
>=$1,500 25.5%
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 $1,469 would therefore be considered affordable for annual household incomes greater than $58,760 (12 months x 3.333 x $1,469).

Rent % Affordability
Above $500 97.6%
Above $700 92.8%
Above $1,100 74.0%
Above $1,500 61.8%
Above $1,900 58.4%
HOUSEHOLD INCOME RANGE

Approximately 230 of households in this neighborhood have a total annual income of $58,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,469 per month.

MINIMUM INCOME RANGE : $58,760

Income % Distribution
<$20K 2.4%
$20K-$35K 13.8%
$35K-$60K 22.0%
$60K-$100K 39.0%
>=$100K 22.8%
COMMUTE TIME DISTRIBUTION

77% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 6.3%
10-14 mins 5.0%
15-19 mins 19.2%
20-29 mins 15.5%
30-44 mins 42.3%
45-59 mins 8.1%
>60 mins 2.6%

NEWARK Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 25.5%
Construction 12.4%
Health Care & Social Assistance 8.5%
Public Administration 14.6%
Retail & Wholesale Trader 13.0%
Transportation 8.3%
Other 17.7%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 31% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 20.7%
15-19 6.6%
20-24 4.0%
25-44 24.2%
45-65 29.6%
66+ 15.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.8%
Healthcare 7.9%
Management, Business, & Financial 11.8%
Natural Resources Maintenance 21.3%
Production & Transportation 16.7%
Sales & Office 27.6%
Other 10.0%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.9%
High School 45.4%
Masters Degree 2.4%
Some College 16.0%
Some High School 6.2%
Other 16.1%

7150 Arcadia Cir Comps

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7150 Arcadia Cir, Newark, MD 21841 is a single family home of 1,552 sqft. HomeUnion INVESTimateĀ® for 7150 Arcadia Cir includes a Price Estimate of $258,429 and a Rent Estimate of $1,467. This single family home has 0 bedrooms,2 bathrooms, and was built in 2014. This property has an estimated 15 year annualized Yield of 6.81% and Total Return of 25.80%. The estimated 1 year forecast in home value for 7150 Arcadia Cir is 8.62%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , WORCESTER County , or the 21841 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2