Northwest Rectangle—20052
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northwest Rectangle
Northwest Rectangle lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Northwest Rectangle
Northwest Rectangle lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,820 | $2,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,820 | $2,820 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Northwest Rectangle
Northwest Rectangle lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Northwest Rectangle
As of the latest ACS Survey released in 2023, Northwest Rectangle has a population of 2,290, which has increased by 204.9% over the past 5 years. Northwest Rectangle is a less popular place for families, as children make up 0.8% of the population. The area has a highly educated workforce, with 48.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,290 | 204.9% |
% Under 18 | 0.8% | ∞% |
% Seniors | 0.0% | N/A |
% WFH | 22.0% | ∞% |
% w/ College Degree | 48.5% | -44.1% |
As of the latest ACS Survey released in 2023, Northwest Rectangle is a predominantly white area, with 60.5% of the population identifying as white. The white population has shrunk by 15.3% in the last 5 years. The second most common race or ethnicity in Northwest Rectangle is hispanic, making up 14.2% of the population. Foreign-born residents account for 11.7% of the population in Northwest Rectangle, and this percentage has decreased by 30.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.5% | -15.3% |
% Black | 9.6% | -8.6% |
% Hispanic | 14.2% | 178.4% |
% Asian | 11.7% | 11.4% |
% Foreign Born | 11.7% | -30.4% |
Mortgage and Risk — Northwest Rectangle
According to HUD data as of 2023, there were 10 mortgage originations in Northwest Rectangle, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Northwest Rectangle. Investor activity is high, as 40.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 10 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 40.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Northwest Rectangle
Northwest Rectangle lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$490 | $2,820 | $2,330 |
| 2 Bedroom | N/A | N/A | $2,620 |
| 3 Bedroom | N/A | N/A | $3,280 |
| 4 Bedroom | N/A | N/A | $3,870 |
Affordability — Northwest Rectangle
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | N/A |