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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

1003 Mulberry St Tipton, IA 52772

4 Beds 2 Baths 2,234 sqft Built 1957
Last updated:  Jan 23, 2020

INVESTimate

$174,149

$162K - $187K

Price Est.

$1,205

$1.0K - $1.4K

Rent Est.

$178,538  ( +2.52%)   1 YR EST. FORECAST
  
  
  

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1003 Mulberry St PROPERTY INFO

FACTS
  • Built In 1957
  • Price/Sqft : $77.95
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,234 sqft
  • Baths : 2 Full

1003 Mulberry St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
TIPTON ELEMENTARY SCHOOL Primary Regular 463 28 6
TIPTON MIDDLE SCHOOL Middle Regular 205 14 7
TIPTON HIGH SCHOOL High Regular 268 20 4

TIPTON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 28
6
GreatSchools Rating

TIPTON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 205
  • # of teachers: 14
7
GreatSchools Rating

TIPTON HIGH SCHOOL

  • Education Level: High
  • # of students: 268
  • # of teachers: 20
4
GreatSchools Rating
 

Financial Details

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Neighborhood

TIPTON

  • 5,192

    POPULATION
  • 2,131

    HOUSEHOLDS
  • 59.2%

    WHITE COLLAR

Neighborhood : TIPTON

HOUSEHOLDS
2,131
POPULATION

5,192

20.6%Renters
79.4%Home Owners
LABOR FORCE

 

59.2%White Collar
40.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 42% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,205 per month.

MY RENT : $1,205 MEDIAN RENT : $1,082

Rent % Distribution LEVEL
$500-699 4.4%
$700-899 23.3%
$900-999 10.9%
$1,000-1,499 47.2%
>=$1,500 14.2%
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 $1,205 would therefore be considered affordable for annual household incomes greater than $48,200 (12 months x 3.333 x $1,205).

Rent % Affordability
Above $500 90.6%
Above $700 81.5%
Above $1,100 67.1%
Above $1,500 52.6%
Above $1,900 36.3%
HOUSEHOLD INCOME RANGE

Approximately 1,228 of households in this neighborhood have a total annual income of $48,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,205 per month.

MINIMUM INCOME RANGE : $48,200

Income % Distribution
<$20K 9.4%
$20K-$35K 12.9%
$35K-$60K 25.1%
$60K-$100K 35.2%
>=$100K 17.4%
COMMUTE TIME DISTRIBUTION

40% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 11.4%
5-9 mins 21.4%
10-14 mins 7.9%
15-19 mins 5.4%
20-29 mins 7.4%
30-44 mins 27.3%
45-59 mins 14.2%
>60 mins 5.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 42% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,205 per month.

MY RENT : $1,205 MEDIAN RENT : $1,082

Rent % Distribution
$500-699 4.4%
$700-899 23.3%
$900-999 10.9%
$1,000-1,499 47.2%
>=$1,500 14.2%
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 $1,205 would therefore be considered affordable for annual household incomes greater than $48,200 (12 months x 3.333 x $1,205).

Rent % Affordability
Above $500 90.6%
Above $700 81.5%
Above $1,100 67.1%
Above $1,500 52.6%
Above $1,900 36.3%
HOUSEHOLD INCOME RANGE

Approximately 1,228 of households in this neighborhood have a total annual income of $48,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,205 per month.

MINIMUM INCOME RANGE : $48,200

Income % Distribution
<$20K 9.4%
$20K-$35K 12.9%
$35K-$60K 25.1%
$60K-$100K 35.2%
>=$100K 17.4%
COMMUTE TIME DISTRIBUTION

40% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 11.4%
5-9 mins 21.4%
10-14 mins 7.9%
15-19 mins 5.4%
20-29 mins 7.4%
30-44 mins 27.3%
45-59 mins 14.2%
>60 mins 5.1%

TIPTON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 6.8%
Educational Services 8.4%
Health Care & Social Assistance 16.4%
Manufacturing 13.3%
Professional & Scientific Tech Services 6.2%
Retail & Wholesale Trader 20.2%
Other 28.7%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 29% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 19.9%
15-19 5.3%
20-24 4.3%
25-44 25.7%
45-65 25.8%
66+ 19.0%
OCCUPATION

Occupation % Distribution
Construction 3.7%
Healthcare 7.7%
Management, Business, & Financial 15.8%
Natural Resources Maintenance 12.4%
Production & Transportation 14.3%
Sales & Office 33.4%
Other 12.7%
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 14.7%
High School 41.7%
Masters Degree 3.1%
Some College 20.4%
Some High School 5.7%
Other 14.3%

1003 Mulberry St Comps

Sorry, we do not have sufficient data available.

1003 Mulberry St, Tipton, IA 52772 is a single family home of 2,234 sqft. HomeUnion INVESTimateĀ® for 1003 Mulberry St includes a Price Estimate of $174,149 and a Rent Estimate of $1,205. This single family home has 4 bedrooms,2 bathrooms, and was built in 1957. This property has an estimated 15 year annualized Yield of 8.30% and Total Return of 15.03%. The estimated 1 year forecast in home value for 1003 Mulberry St is 2.52%.

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