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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

112 2nd St Se Le Mars, IA 51031

2 Beds 2 Baths 1,105 sqft Built 0
Last updated:  Jan 23, 2020

INVESTimate

$137,536

$131K - $144K

Price Est.

$736

644 - 828

Rent Est.

$145,554  ( +5.83%)   1 YR EST. FORECAST
  
  
  

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112 2nd St Se PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $124.47
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,105 sqft
  • Baths : 1 Full 1 Half

112 2nd St Se SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LE MARS HIGH SCHOOL High Regular 655 42 8

LE MARS HIGH SCHOOL

  • Education Level: High
  • # of students: 655
  • # of teachers: 42
8
GreatSchools Rating
 

Financial Details

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Neighborhood

LE MARS

  • 12,088

    POPULATION
  • 5,024

    HOUSEHOLDS
  • 54.6%

    WHITE COLLAR

Neighborhood : LE MARS

HOUSEHOLDS
5,024
POPULATION

12,088

24.8%Renters
75.2%Home Owners
LABOR FORCE

 

54.6%White Collar
45.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 66% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $736 per month.

MY RENT : $736 MEDIAN RENT : $774

Rent % Distribution LEVEL
$500-699 19.3%
$700-899 79.2%
$900-999 1.0%
$1,000-1,499 0.5%
>=$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 $736 would therefore be considered affordable for annual household incomes greater than $29,440 (12 months x 3.333 x $736).

Rent % Affordability
Above $500 86.4%
Above $700 80.3%
Above $1,100 64.5%
Above $1,500 50.1%
Above $1,900 38.3%
HOUSEHOLD INCOME RANGE

Approximately 9,838 of households in this neighborhood have a total annual income of $29,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $736 per month.

MINIMUM INCOME RANGE : $29,440

Income % Distribution
<$20K 13.6%
$20K-$35K 13.4%
$35K-$60K 22.8%
$60K-$100K 26.8%
>=$100K 23.3%
COMMUTE TIME DISTRIBUTION

29% of the working population has a commute time of 15 to 44 minutes, 67% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.5%
5-9 mins 42.5%
10-14 mins 16.2%
15-19 mins 8.8%
20-29 mins 7.7%
30-44 mins 12.3%
45-59 mins 2.5%
>60 mins 1.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 66% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $736 per month.

MY RENT : $736 MEDIAN RENT : $774

Rent % Distribution
$500-699 19.3%
$700-899 79.2%
$900-999 1.0%
$1,000-1,499 0.5%
>=$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 $736 would therefore be considered affordable for annual household incomes greater than $29,440 (12 months x 3.333 x $736).

Rent % Affordability
Above $500 86.4%
Above $700 80.3%
Above $1,100 64.5%
Above $1,500 50.1%
Above $1,900 38.3%
HOUSEHOLD INCOME RANGE

Approximately 9,838 of households in this neighborhood have a total annual income of $29,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $736 per month.

MINIMUM INCOME RANGE : $29,440

Income % Distribution
<$20K 13.6%
$20K-$35K 13.4%
$35K-$60K 22.8%
$60K-$100K 26.8%
>=$100K 23.3%
COMMUTE TIME DISTRIBUTION

29% of the working population has a commute time of 15 to 44 minutes, 67% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.5%
5-9 mins 42.5%
10-14 mins 16.2%
15-19 mins 8.8%
20-29 mins 7.7%
30-44 mins 12.3%
45-59 mins 2.5%
>60 mins 1.7%

LE MARS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.3%
Educational Services 7.7%
Health Care & Social Assistance 12.8%
Manufacturing 22.3%
Retail & Wholesale Trader 15.8%
Transportation 6.0%
Other 28.1%
AGE DISTRIBUTION

49% 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 19.7%
15-19 7.3%
20-24 6.3%
25-44 22.2%
45-65 27.0%
66+ 17.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.4%
Healthcare 5.7%
Management, Business, & Financial 13.7%
Natural Resources Maintenance 13.8%
Production & Transportation 20.3%
Sales & Office 26.4%
Other 15.7%
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 12.7%
High School 33.3%
Masters Degree 3.8%
Some College 25.6%
Some High School 7.9%
Other 16.7%

112 2nd St Se Comps

Sorry, we do not have sufficient data available.

112 2nd St Se, Le Mars, IA 51031 is a single family home of 1,105 sqft. HomeUnion INVESTimateĀ® for 112 2nd St Se includes a Price Estimate of $137,536 and a Rent Estimate of $736. This single family home has 2 bedrooms,2 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 6.42% and Total Return of 18.46%. The estimated 1 year forecast in home value for 112 2nd St Se is 5.83%.

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