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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.

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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.

107 Kay Dr Homer, IL 61849

0 Beds 0 Baths 1,107 sqft Built 1983
Last updated:  Nov 28, 2019

INVESTimate

$112,894

$106K - $120K

Price Est.

$734

675 - 793

Rent Est.

$115,163  ( +2.01%)   1 YR EST. FORECAST

107 Kay Dr PROPERTY INFO

FACTS
  • Built In 1983
  • Price/Sqft : $101.98
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,107 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
107 Kay Dr, Homer, IL 61849 is a single family home of 1,107 sqft. HomeUnion estimate for 107 Kay Dr includes a Price Estimate of $112,894 and a Rent Estimate of $734. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1983. This property has an estimated 15 year annualized Yield of 7.80% and Total Return of 10.34%. The estimated 1 year forecast in home value for 107 Kay Dr is 2.01%.
  
  
  

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107 Kay Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HERITAGE JR HIGH SCHOOL Middle Regular 114 8 6
HERITAGE HIGH SCHOOL High Regular 155 15 6

HERITAGE JR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 114
  • # of teachers: 8
6
GreatSchools Rating

HERITAGE HIGH SCHOOL

  • Education Level: High
  • # of students: 155
  • # of teachers: 15
6
GreatSchools Rating
 

Financial Details

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Neighborhood

HOMER

  • 1,875

    POPULATION
  • 732

    HOUSEHOLDS
  • 52.1%

    WHITE COLLAR

Neighborhood : HOMER

HOUSEHOLDS
732
POPULATION

1,875

15.3%Renters
84.7%Home Owners
LABOR FORCE

 

52.1%White Collar
47.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $734 per month.

MY RENT : $734 MEDIAN RENT : $992

Rent % Distribution LEVEL
$500-699 4.3%
$700-899 29.1%
$900-999 17.5%
$1,000-1,499 44.0%
>=$1,500 5.0%
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 $734 would therefore be considered affordable for annual household incomes greater than $29,360 (12 months x 3.333 x $734).

Rent % Affordability
Above $500 90.4%
Above $700 81.6%
Above $1,100 65.6%
Above $1,500 45.8%
Above $1,900 36.1%
HOUSEHOLD INCOME RANGE

Approximately 1,638 of households in this neighborhood have a total annual income of $29,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $734 per month.

MINIMUM INCOME RANGE : $29,360

Income % Distribution
<$20K 9.6%
$20K-$35K 16.5%
$35K-$60K 28.1%
$60K-$100K 24.6%
>=$100K 21.3%
COMMUTE TIME DISTRIBUTION

77% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.8%
5-9 mins 7.3%
10-14 mins 2.7%
15-19 mins 7.5%
20-29 mins 31.5%
30-44 mins 37.8%
45-59 mins 5.1%
>60 mins 2.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $734 per month.

MY RENT : $734 MEDIAN RENT : $992

Rent % Distribution
$500-699 4.3%
$700-899 29.1%
$900-999 17.5%
$1,000-1,499 44.0%
>=$1,500 5.0%
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 $734 would therefore be considered affordable for annual household incomes greater than $29,360 (12 months x 3.333 x $734).

Rent % Affordability
Above $500 90.4%
Above $700 81.6%
Above $1,100 65.6%
Above $1,500 45.8%
Above $1,900 36.1%
HOUSEHOLD INCOME RANGE

Approximately 1,638 of households in this neighborhood have a total annual income of $29,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $734 per month.

MINIMUM INCOME RANGE : $29,360

Income % Distribution
<$20K 9.6%
$20K-$35K 16.5%
$35K-$60K 28.1%
$60K-$100K 24.6%
>=$100K 21.3%
COMMUTE TIME DISTRIBUTION

77% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.8%
5-9 mins 7.3%
10-14 mins 2.7%
15-19 mins 7.5%
20-29 mins 31.5%
30-44 mins 37.8%
45-59 mins 5.1%
>60 mins 2.1%

HOMER Demographics

INDUSTRY

Industry % Distribution
Construction 4.6%
Educational Services 13.4%
Health Care & Social Assistance 13.4%
Manufacturing 11.6%
Public Administration 4.6%
Retail & Wholesale Trader 23.6%
Other 28.8%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 33% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 22.0%
15-19 4.9%
20-24 6.2%
25-44 21.6%
45-65 28.7%
66+ 16.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.8%
Healthcare 6.2%
Management, Business, & Financial 16.0%
Natural Resources Maintenance 13.1%
Production & Transportation 21.3%
Sales & Office 23.1%
Other 15.6%
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 10.8%
High School 37.9%
Masters Degree 6.7%
Some College 26.6%
Some High School 4.7%
Other 13.2%

107 Kay Dr Comps

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