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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

7932 Old Ocean City Rd Whaleyville, MD 21872

0 Beds 2 Baths 2,288 sqft Built 1930
Last updated:  May 30, 2018

INVESTimate

$269,222

$253K - $286K

Price Est.

$1,189

$1.1K - $1.3K

Rent Est.

$281,741  ( +4.65%)   1 YR EST. FORECAST
  
  
  

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7932 Old Ocean City Rd PROPERTY INFO

FACTS
  • Built In 1930
  • Price/Sqft : $117.67
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,288 sqft
  • Baths : 1 Full 1 Half

7932 Old Ocean City Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BERLIN INTERMEDIATE SCHOOL Primary Regular 729 60 8
STEPHEN DECATUR MIDDLE SCHOOL Middle Regular 638 49 9
STEPHEN DECATUR HIGH SCHOOL High Regular 1,399 88 7

BERLIN INTERMEDIATE SCHOOL

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 60
8
GreatSchools Rating

STEPHEN DECATUR MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 638
  • # of teachers: 49
9
GreatSchools Rating

STEPHEN DECATUR HIGH SCHOOL

  • Education Level: High
  • # of students: 1,399
  • # of teachers: 88
7
GreatSchools Rating
 

Financial Details

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Neighborhood

WHALEYVILLE

  • 592

    POPULATION
  • 217

    HOUSEHOLDS
  • 36.9%

    WHITE COLLAR

Neighborhood : WHALEYVILLE

HOUSEHOLDS
217
POPULATION

592

35.5%Renters
64.5%Home Owners
LABOR FORCE

 

36.9%White Collar
63.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 38% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,663 per month.

MY RENT : $1,663 MEDIAN RENT : $1,346

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 8.6%
$900-999 6.2%
$1,000-1,499 47.7%
>=$1,500 37.5%
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 $1,663 would therefore be considered affordable for annual household incomes greater than $66,520 (12 months x 3.333 x $1,663).

Rent % Affordability
Above $500 83.3%
Above $700 79.8%
Above $1,100 61.8%
Above $1,500 44.9%
Above $1,900 36.0%
HOUSEHOLD INCOME RANGE

Approximately 65 of households in this neighborhood have a total annual income of $66,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,663 per month.

MINIMUM INCOME RANGE : $66,520

Income % Distribution
<$20K 16.7%
$20K-$35K 11.1%
$35K-$60K 27.3%
$60K-$100K 22.2%
>=$100K 22.7%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 27% 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 1.1%
5-9 mins 7.0%
10-14 mins 18.6%
15-19 mins 21.8%
20-29 mins 21.8%
30-44 mins 18.9%
45-59 mins 3.9%
>60 mins 7.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 38% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,663 per month.

MY RENT : $1,663 MEDIAN RENT : $1,346

Rent % Distribution
$500-699 0.0%
$700-899 8.6%
$900-999 6.2%
$1,000-1,499 47.7%
>=$1,500 37.5%
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 $1,663 would therefore be considered affordable for annual household incomes greater than $66,520 (12 months x 3.333 x $1,663).

Rent % Affordability
Above $500 83.3%
Above $700 79.8%
Above $1,100 61.8%
Above $1,500 44.9%
Above $1,900 36.0%
HOUSEHOLD INCOME RANGE

Approximately 65 of households in this neighborhood have a total annual income of $66,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,663 per month.

MINIMUM INCOME RANGE : $66,520

Income % Distribution
<$20K 16.7%
$20K-$35K 11.1%
$35K-$60K 27.3%
$60K-$100K 22.2%
>=$100K 22.7%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 27% 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 1.1%
5-9 mins 7.0%
10-14 mins 18.6%
15-19 mins 21.8%
20-29 mins 21.8%
30-44 mins 18.9%
45-59 mins 3.9%
>60 mins 7.0%

WHALEYVILLE Demographics

INDUSTRY

Industry % Distribution
Construction 18.9%
Health Care & Social Assistance 8.5%
Manufacturing 6.6%
Public Administration 7.3%
Real Estate 7.6%
Retail & Wholesale Trader 19.6%
Other 31.5%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 26% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 12.8%
15-19 5.6%
20-24 7.3%
25-44 13.7%
45-65 43.2%
66+ 17.4%
OCCUPATION

Occupation % Distribution
Clean 12.3%
Construction 4.4%
Natural Resources Maintenance 24.6%
PCare 11.4%
Production & Transportation 7.9%
Sales & Office 17.1%
Other 22.4%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.7%
High School 41.0%
Masters Degree 4.9%
Some College 21.3%
Some High School 16.4%
Other 11.8%

7932 Old Ocean City Rd Comps

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7932 Old Ocean City Rd, Whaleyville, MD 21872 is a single family home of 2,288 sqft. HomeUnion INVESTimateĀ® for 7932 Old Ocean City Rd includes a Price Estimate of $269,222 and a Rent Estimate of $1,189. This single family home has 0 bedrooms,2 bathrooms, and was built in 1930. This property has an estimated 15 year annualized Yield of 5.30% and Total Return of 15.13%. The estimated 1 year forecast in home value for 7932 Old Ocean City Rd is 4.65%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , WORCESTER County , or the 21872 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2