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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.

1143 Newport Rd Utica, NY 13502

2 Beds 1 Baths 1,502 sqft Built 1958
Last updated:  Nov 28, 2019

INVESTimate

$158,889

$143K - $175K

Price Est.

$1,275

$1.0K - $1.5K

Rent Est.

$165,356  ( +4.07%)   1 YR EST. FORECAST

1143 Newport Rd PROPERTY INFO

FACTS
  • Built In 1958
  • Price/Sqft : $105.78
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,502 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
1143 Newport Rd, Utica, NY 13502 is a single family home of 1,502 sqft. HomeUnion estimate for 1143 Newport Rd includes a Price Estimate of $158,889 and a Rent Estimate of $1,275. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1958. This property has an estimated 15 year annualized Yield of 9.63% and Total Return of 16.58%. The estimated 1 year forecast in home value for 1143 Newport Rd is 4.07%.
  
  
  

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1143 Newport Rd SCHOOLS

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Financial Details

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Neighborhood

UTICA

  • 32,335

    POPULATION
  • 12,837

    HOUSEHOLDS
  • 57.0%

    WHITE COLLAR

Neighborhood : UTICA

HOUSEHOLDS
12,837
POPULATION

32,335

39.3%Renters
60.7%Home Owners
LABOR FORCE

 

57.0%White Collar
43.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 46% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,275 per month.

MY RENT : $1,275 MEDIAN RENT : $1,239

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 4.1%
$900-999 4.6%
$1,000-1,499 82.7%
>=$1,500 8.7%
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 $1,275 would therefore be considered affordable for annual household incomes greater than $51,000 (12 months x 3.333 x $1,275).

Rent % Affordability
Above $500 75.0%
Above $700 64.0%
Above $1,100 46.5%
Above $1,500 32.6%
Above $1,900 22.2%
HOUSEHOLD INCOME RANGE

Approximately 4,603 of households in this neighborhood have a total annual income of $51,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,275 per month.

MINIMUM INCOME RANGE : $51,000

Income % Distribution
<$20K 25.0%
$20K-$35K 20.5%
$35K-$60K 22.0%
$60K-$100K 20.5%
>=$100K 12.1%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 48% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.5%
5-9 mins 18.5%
10-14 mins 24.4%
15-19 mins 18.8%
20-29 mins 19.9%
30-44 mins 7.3%
45-59 mins 3.1%
>60 mins 2.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 46% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,275 per month.

MY RENT : $1,275 MEDIAN RENT : $1,239

Rent % Distribution
$500-699 0.0%
$700-899 4.1%
$900-999 4.6%
$1,000-1,499 82.7%
>=$1,500 8.7%
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 $1,275 would therefore be considered affordable for annual household incomes greater than $51,000 (12 months x 3.333 x $1,275).

Rent % Affordability
Above $500 75.0%
Above $700 64.0%
Above $1,100 46.5%
Above $1,500 32.6%
Above $1,900 22.2%
HOUSEHOLD INCOME RANGE

Approximately 4,603 of households in this neighborhood have a total annual income of $51,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,275 per month.

MINIMUM INCOME RANGE : $51,000

Income % Distribution
<$20K 25.0%
$20K-$35K 20.5%
$35K-$60K 22.0%
$60K-$100K 20.5%
>=$100K 12.1%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 48% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.5%
5-9 mins 18.5%
10-14 mins 24.4%
15-19 mins 18.8%
20-29 mins 19.9%
30-44 mins 7.3%
45-59 mins 3.1%
>60 mins 2.6%

UTICA Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.1%
Educational Services 12.8%
Health Care & Social Assistance 21.3%
Manufacturing 7.4%
Public Administration 6.4%
Retail & Wholesale Trader 12.2%
Other 30.9%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 34% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 18.3%
15-19 7.8%
20-24 7.5%
25-44 23.6%
45-65 26.3%
66+ 16.4%
OCCUPATION

Occupation % Distribution
Construction 6.9%
Healthcare 12.5%
Management, Business, & Financial 10.2%
Natural Resources Maintenance 8.1%
Production & Transportation 12.2%
Sales & Office 24.8%
Other 25.3%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.9%
High School 30.9%
Masters Degree 6.3%
Some College 21.7%
Some High School 13.1%
Other 14.1%

1143 Newport Rd Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , HERKIMER County , or the 13502 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 13340
  2. 13431
  3. 13416