INVESTimate
$56,587
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1026 Sparta St PROPERTY INFO
FACTS
- Built In 1970
- Price/Sqft : $183.34
CONSTRUCTION
- Beds : 0
- Floor Size : 928 sqft
- Baths : 0 Full
1026 Sparta St SCHOOLS
Financial Details
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SAINT LIBORY
Neighborhood : SAINT LIBORY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 79% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $656 per month.
MY RENT : $656 MEDIAN RENT : $756
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 $656 would therefore be considered affordable for annual household incomes greater than $26,240 (12 months x 3.333 x $656).
HOUSEHOLD INCOME RANGE
Approximately 406 of households in this neighborhood have a total annual income of $26,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $656 per month.
MINIMUM INCOME RANGE : $26,240
COMMUTE TIME DISTRIBUTION
51% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.
SAINT LIBORY Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 18.9% |
| Educational Services | 7.4% |
| Health Care & Social Assistance | 15.1% |
| Manufacturing | 6.5% |
| Retail & Wholesale Trader | 16.0% |
| Transportation | 11.8% |
| Other | 24.3% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 30% is 24 or younger and 19% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 20.1% |
| 15-19 | 8.0% |
| 20-24 | 2.2% |
| 25-44 | 20.6% |
| 45-65 | 30.1% |
| 66+ | 19.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 6.8% |
| Management, Business, & Financial | 25.6% |
| Natural Resources Maintenance | 20.8% |
| PCare | 6.3% |
| Production & Transportation | 11.6% |
| Sales & Office | 17.4% |
| Other | 11.6% |
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 | 12.6% |
| High School | 35.4% |
| Masters Degree | 4.1% |
| Some College | 25.4% |
| Some High School | 7.2% |
| Other | 15.2% |
1026 Sparta St Comps
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1026 Sparta St, Saint Libory, IL 62282 is a single family home of 928 sqft. HomeUnion INVESTimateĀ® for 1026 Sparta St includes a Price Estimate of $170,138 and a Rent Estimate of $656. This single family home has 0 bedrooms,0 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 4.63% and Total Return of 3.17%. The estimated 1 year forecast in home value for 1026 Sparta St is 2.98%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , SAINT CLAIR County , or the 62282 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
