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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

103 Main St Clemons, IA 50051

2 Beds 1 Baths 924 sqft Built 1960
Last updated:  Nov 28, 2019

INVESTimate

$120,260

$114K - $127K

Price Est.

$648

567 - 729

Rent Est.

$124,565  ( +3.58%)   1 YR EST. FORECAST
  
  
  

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103 Main St PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $130.15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 924 sqft
  • Baths : 1 Full

103 Main St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WEST MARSHALL ELEMENTARY SCHOOL Primary Regular 449 29 7
WEST MARSHALL MIDDLE SCHOOL Middle Regular 197 12 10
WEST MARSHALL HIGH SCHOOL High Regular 280 22 10

WEST MARSHALL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 449
  • # of teachers: 29
7
GreatSchools Rating

WEST MARSHALL MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 197
  • # of teachers: 12
10
GreatSchools Rating

WEST MARSHALL HIGH SCHOOL

  • Education Level: High
  • # of students: 280
  • # of teachers: 22
10
GreatSchools Rating
 

Financial Details

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Neighborhood

CLEMONS

  • 261

    POPULATION
  • 107

    HOUSEHOLDS
  • 73.5%

    WHITE COLLAR

Neighborhood : CLEMONS

HOUSEHOLDS
107
POPULATION

261

24.3%Renters
75.7%Home Owners
LABOR FORCE

 

73.5%White Collar
26.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $648 per month.

MY RENT : $648 MEDIAN RENT : $943

Rent % Distribution LEVEL
$500-699 11.5%
$700-899 30.4%
$900-999 16.2%
$1,000-1,499 39.2%
>=$1,500 2.7%
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 $648 would therefore be considered affordable for annual household incomes greater than $25,920 (12 months x 3.333 x $648).

Rent % Affordability
Above $500 91.3%
Above $700 88.9%
Above $1,100 73.6%
Above $1,500 62.1%
Above $1,900 54.5%
HOUSEHOLD INCOME RANGE

Approximately 177 of households in this neighborhood have a total annual income of $25,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $648 per month.

MINIMUM INCOME RANGE : $25,920

Income % Distribution
<$20K 8.7%
$20K-$35K 9.7%
$35K-$60K 19.4%
$60K-$100K 27.2%
>=$100K 35.0%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.5%
5-9 mins 1.9%
10-14 mins 8.5%
15-19 mins 10.4%
20-29 mins 38.7%
30-44 mins 20.8%
45-59 mins 7.5%
>60 mins 3.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $648 per month.

MY RENT : $648 MEDIAN RENT : $943

Rent % Distribution
$500-699 11.5%
$700-899 30.4%
$900-999 16.2%
$1,000-1,499 39.2%
>=$1,500 2.7%
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 $648 would therefore be considered affordable for annual household incomes greater than $25,920 (12 months x 3.333 x $648).

Rent % Affordability
Above $500 91.3%
Above $700 88.9%
Above $1,100 73.6%
Above $1,500 62.1%
Above $1,900 54.5%
HOUSEHOLD INCOME RANGE

Approximately 177 of households in this neighborhood have a total annual income of $25,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $648 per month.

MINIMUM INCOME RANGE : $25,920

Income % Distribution
<$20K 8.7%
$20K-$35K 9.7%
$35K-$60K 19.4%
$60K-$100K 27.2%
>=$100K 35.0%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.5%
5-9 mins 1.9%
10-14 mins 8.5%
15-19 mins 10.4%
20-29 mins 38.7%
30-44 mins 20.8%
45-59 mins 7.5%
>60 mins 3.8%

CLEMONS Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 18.9%
Educational Services 9.1%
Financial Industries 6.1%
Health Care & Social Assistance 12.9%
Manufacturing 22.7%
Retail & Wholesale Trader 16.7%
Other 13.6%
AGE DISTRIBUTION

60% of the population is between the ages of 25 and 64, 24% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 20.3%
15-19 2.7%
20-24 0.8%
25-44 21.1%
45-65 38.7%
66+ 16.5%
OCCUPATION

Occupation % Distribution
Adesm 6.1%
Healthcare 12.2%
Management, Business, & Financial 28.7%
Natural Resources Maintenance 4.3%
Production & Transportation 20.0%
Sales & Office 20.0%
Other 8.7%
HIGHEST EDUCATION LEVEL

24% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 18.0%
High School 40.0%
Masters Degree 3.0%
Some College 18.0%
Some High School 4.5%
Other 16.5%

103 Main St Comps

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103 Main St, Clemons, IA 50051 is a single family home of 924 sqft. HomeUnion INVESTimateĀ® for 103 Main St includes a Price Estimate of $120,260 and a Rent Estimate of $648. This single family home has 2 bedrooms,1 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 6.47% and Total Return of 12.04%. The estimated 1 year forecast in home value for 103 Main St is 3.58%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , MARSHALL County , or the 50051 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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