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This page contains information about each property aggregated from public data sources, 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.

1003 Spotsylvania St New Athens, IL 62264

0 Beds 0 Baths 896 sqft Built 1948
Last updated:  Jan 23, 2020

INVESTimate

$116,104

$110K - $122K

Price Est.

$671

622 - 720

Rent Est.

$121,642  ( +4.77%)   1 YR EST. FORECAST

1003 Spotsylvania St PROPERTY INFO

FACTS
  • Built In 1948
  • Price/Sqft : $129.58
CONSTRUCTION
  • Beds : 0
  • Floor Size : 896 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
1003 Spotsylvania St, New Athens, IL 62264 is a single family home of 896 sqft. HomeUnion estimate for 1003 Spotsylvania St includes a Price Estimate of $116,104 and a Rent Estimate of $671. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1948. This property has an estimated 15 year annualized Yield of 6.94% and Total Return of 10.90%. The estimated 1 year forecast in home value for 1003 Spotsylvania St is 4.77%.
  
  
  

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1003 Spotsylvania St SCHOOLS

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Financial Details

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Neighborhood

NEW ATHENS

  • 3,316

    POPULATION
  • 1,268

    HOUSEHOLDS
  • 59.8%

    WHITE COLLAR

Neighborhood : NEW ATHENS

HOUSEHOLDS
1,268
POPULATION

3,316

22.3%Renters
77.7%Home Owners
LABOR FORCE

 

59.8%White Collar
40.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 62% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $671 per month.

MY RENT : $671 MEDIAN RENT : $721

Rent % Distribution LEVEL
$400-699 44.0%
$700-899 31.6%
$900-999 14.8%
$1,000-1,499 9.6%
>=$1,500 0.0%
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 $671 would therefore be considered affordable for annual household incomes greater than $26,840 (12 months x 3.333 x $671).

Rent % Affordability
Above $500 87.7%
Above $700 78.1%
Above $1,100 64.0%
Above $1,500 47.0%
Above $1,900 38.0%
HOUSEHOLD INCOME RANGE

Approximately 2,592 of households in this neighborhood have a total annual income of $26,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $671 per month.

MINIMUM INCOME RANGE : $26,840

Income % Distribution
<$20K 12.3%
$20K-$35K 14.2%
$35K-$60K 26.5%
$60K-$100K 24.6%
>=$100K 22.4%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.6%
5-9 mins 5.6%
10-14 mins 8.6%
15-19 mins 7.4%
20-29 mins 15.1%
30-44 mins 33.6%
45-59 mins 11.3%
>60 mins 9.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 62% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $671 per month.

MY RENT : $671 MEDIAN RENT : $721

Rent % Distribution
$400-699 44.0%
$700-899 31.6%
$900-999 14.8%
$1,000-1,499 9.6%
>=$1,500 0.0%
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 $671 would therefore be considered affordable for annual household incomes greater than $26,840 (12 months x 3.333 x $671).

Rent % Affordability
Above $500 87.7%
Above $700 78.1%
Above $1,100 64.0%
Above $1,500 47.0%
Above $1,900 38.0%
HOUSEHOLD INCOME RANGE

Approximately 2,592 of households in this neighborhood have a total annual income of $26,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $671 per month.

MINIMUM INCOME RANGE : $26,840

Income % Distribution
<$20K 12.3%
$20K-$35K 14.2%
$35K-$60K 26.5%
$60K-$100K 24.6%
>=$100K 22.4%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.6%
5-9 mins 5.6%
10-14 mins 8.6%
15-19 mins 7.4%
20-29 mins 15.1%
30-44 mins 33.6%
45-59 mins 11.3%
>60 mins 9.8%

NEW ATHENS Demographics

INDUSTRY

Industry % Distribution
Construction 8.3%
Educational Services 6.9%
Health Care & Social Assistance 20.0%
Manufacturing 11.7%
Retail & Wholesale Trader 14.6%
Transportation 7.9%
Other 30.6%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 32% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 20.6%
15-19 6.8%
20-24 4.6%
25-44 25.4%
45-65 27.6%
66+ 15.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.7%
Healthcare 14.8%
Management, Business, & Financial 14.7%
Natural Resources Maintenance 10.5%
Production & Transportation 19.8%
Sales & Office 19.6%
Other 16.0%
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 11.5%
High School 32.8%
Masters Degree 3.7%
Some College 26.4%
Some High School 10.5%
Other 15.0%

1003 Spotsylvania St Comps

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