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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

9509 Gravel Hill Rd Woodsboro, MD 21798

0 Beds 3 Baths 2,604 sqft Built 1971
Last updated:  May 30, 2018

INVESTimate

$331,969

$311K - $353K

Price Est.

$1,995

$1.9K - $2.1K

Rent Est.

$338,974  ( +2.11%)   1 YR EST. FORECAST
  
  
  

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9509 Gravel Hill Rd PROPERTY INFO

FACTS
  • Built In 1971
  • Price/Sqft : $127.48
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,604 sqft
  • Baths : 2 Full 1 Half

9509 Gravel Hill Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NEW MIDWAY-WOODSBORO ELEMENTARY SCHOOL Primary Regular 338 22 7
WALKERSVILLE MIDDLE SCHOOL Middle Regular 802 52 7
WALKERSVILLE HIGH SCHOOL High Regular 1,177 70 9

NEW MIDWAY-WOODSBORO ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 338
  • # of teachers: 22
7
GreatSchools Rating

WALKERSVILLE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 802
  • # of teachers: 52
7
GreatSchools Rating

WALKERSVILLE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,177
  • # of teachers: 70
9
GreatSchools Rating
 

Financial Details

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Neighborhood

WOODSBORO

  • 2,139

    POPULATION
  • 833

    HOUSEHOLDS
  • 57.8%

    WHITE COLLAR

Neighborhood : WOODSBORO

HOUSEHOLDS
833
POPULATION

2,139

17.5%Renters
82.5%Home Owners
LABOR FORCE

 

57.8%White Collar
42.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,034 per month.

MY RENT : $2,034 MEDIAN RENT : $1,578

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 2.4%
$1,000-1,499 40.0%
>=$1,500 57.6%
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 $2,034 would therefore be considered affordable for annual household incomes greater than $81,360 (12 months x 3.333 x $2,034).

Rent % Affordability
Above $500 88.3%
Above $700 81.8%
Above $1,100 70.4%
Above $1,500 63.1%
Above $1,900 52.8%
HOUSEHOLD INCOME RANGE

Approximately 388 of households in this neighborhood have a total annual income of $81,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,034 per month.

MINIMUM INCOME RANGE : $81,360

Income % Distribution
<$20K 11.7%
$20K-$35K 12.3%
$35K-$60K 13.0%
$60K-$100K 20.3%
>=$100K 42.8%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.3%
5-9 mins 5.5%
10-14 mins 8.6%
15-19 mins 12.4%
20-29 mins 24.7%
30-44 mins 18.0%
45-59 mins 6.6%
>60 mins 17.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,034 per month.

MY RENT : $2,034 MEDIAN RENT : $1,578

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 2.4%
$1,000-1,499 40.0%
>=$1,500 57.6%
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 $2,034 would therefore be considered affordable for annual household incomes greater than $81,360 (12 months x 3.333 x $2,034).

Rent % Affordability
Above $500 88.3%
Above $700 81.8%
Above $1,100 70.4%
Above $1,500 63.1%
Above $1,900 52.8%
HOUSEHOLD INCOME RANGE

Approximately 388 of households in this neighborhood have a total annual income of $81,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,034 per month.

MINIMUM INCOME RANGE : $81,360

Income % Distribution
<$20K 11.7%
$20K-$35K 12.3%
$35K-$60K 13.0%
$60K-$100K 20.3%
>=$100K 42.8%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.3%
5-9 mins 5.5%
10-14 mins 8.6%
15-19 mins 12.4%
20-29 mins 24.7%
30-44 mins 18.0%
45-59 mins 6.6%
>60 mins 17.9%

WOODSBORO Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.4%
Construction 8.9%
Educational Services 8.7%
Health Care & Social Assistance 10.9%
Professional & Scientific Tech Services 10.3%
Retail & Wholesale Trader 12.1%
Other 40.8%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 28% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 15.8%
15-19 7.3%
20-24 4.8%
25-44 20.3%
45-65 33.5%
66+ 18.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.6%
Healthcare 5.1%
Management, Business, & Financial 22.6%
Natural Resources Maintenance 18.9%
Production & Transportation 12.0%
Sales & Office 19.3%
Other 14.5%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.3%
High School 35.2%
Masters Degree 10.0%
Some College 18.9%
Some High School 12.5%
Other 17.0%

9509 Gravel Hill Rd Comps

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9509 Gravel Hill Rd, Woodsboro, MD 21798 is a single family home of 2,604 sqft. HomeUnion INVESTimateĀ® for 9509 Gravel Hill Rd includes a Price Estimate of $331,969 and a Rent Estimate of $1,995. This single family home has 0 bedrooms,3 bathrooms, and was built in 1971. This property has an estimated 15 year annualized Yield of 7.21% and Total Return of 14.77%. The estimated 1 year forecast in home value for 9509 Gravel Hill Rd is 2.11%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , FREDERICK County , or the 21798 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2