1. < Lemont Ave

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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.

116 Lemont Ave Corinth, NY 12822

3 Beds 3 Baths 2,296 sqft Built 1994
Last updated:  Jan 23, 2020

INVESTimate

$249,784

$236K - $264K

Price Est.

$1,714

$1.5K - $1.9K

Rent Est.

$77,693

Investment Est.

$246,637  ( -1.26%)   1 YR EST. FORECAST

116 Lemont Ave PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $108.79
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,296 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
116 Lemont Ave, Corinth, NY 12822 is a single family home of 2,296 sqft. HomeUnion estimate for 116 Lemont Ave includes a Price Estimate of $249,784 and a Rent Estimate of $1,714. This single family home has 3 bedrooms, 3 bathrooms, and was built in 1994. This property has an estimated 15 year annualized Yield of 8.23% and Total Return of 12.42%. The estimated 1 year forecast in home value for 116 Lemont Ave is -1.26%.

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116 Lemont Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CORINTH CENTRAL ELEMENTARY SCHOOL Primary Regular 426 30 3
CORINTH CENTRAL HIGH SCHOOL High Regular 392 32 7

CORINTH CENTRAL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 426
  • # of teachers: 30
3
GreatSchools Rating

CORINTH CENTRAL HIGH SCHOOL

  • Education Level: High
  • # of students: 392
  • # of teachers: 32
7
GreatSchools Rating
 

Financial Details

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Neighborhood

CORINTH

  • 6,290

    POPULATION

  • 2,415

    HOUSEHOLDS

  • 47.7%

    WHITE COLLAR

Neighborhood : CORINTH

HOUSEHOLDS
2,415
POPULATION

6,290

21.6%Renters
78.4%Home Owners
LABOR FORCE

 

47.7%White Collar
52.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 30% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,714 per month.

MY RENT : $1,714 MEDIAN RENT : $1,299

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.5%
$1,000-1,499 69.4%
>=$1,500 30.1%
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 $1,714 would therefore be considered affordable for annual household incomes greater than $68,560 (12 months x 3.333 x $1,714).

Rent % Affordability
Above $500 85.2%
Above $700 77.6%
Above $1,100 60.9%
Above $1,500 44.2%
Above $1,900 32.5%
HOUSEHOLD INCOME RANGE

Approximately 687 of households in this neighborhood have a total annual income of $68,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,714 per month.

MINIMUM INCOME RANGE : $68,560

Income % Distribution
<$20K 14.8%
$20K-$35K 14.4%
$35K-$60K 26.6%
$60K-$100K 23.0%
>=$100K 21.2%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.1%
5-9 mins 6.9%
10-14 mins 6.4%
15-19 mins 10.0%
20-29 mins 32.2%
30-44 mins 26.9%
45-59 mins 6.2%
>60 mins 7.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 30% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,714 per month.

MY RENT : $1,714 MEDIAN RENT : $1,299

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.5%
$1,000-1,499 69.4%
>=$1,500 30.1%
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 $1,714 would therefore be considered affordable for annual household incomes greater than $68,560 (12 months x 3.333 x $1,714).

Rent % Affordability
Above $500 85.2%
Above $700 77.6%
Above $1,100 60.9%
Above $1,500 44.2%
Above $1,900 32.5%
HOUSEHOLD INCOME RANGE

Approximately 687 of households in this neighborhood have a total annual income of $68,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,714 per month.

MINIMUM INCOME RANGE : $68,560

Income % Distribution
<$20K 14.8%
$20K-$35K 14.4%
$35K-$60K 26.6%
$60K-$100K 23.0%
>=$100K 21.2%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.1%
5-9 mins 6.9%
10-14 mins 6.4%
15-19 mins 10.0%
20-29 mins 32.2%
30-44 mins 26.9%
45-59 mins 6.2%
>60 mins 7.3%
CORINTH Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 8.6%
Construction 8.8%
Educational Services 8.6%
Health Care & Social Assistance 17.8%
Manufacturing 8.0%
Retail & Wholesale Trader 16.7%
Other 31.5%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 6.6%
Healthcare 7.2%
Management, Business, & Financial 8.2%
Natural Resources Maintenance 11.4%
Production & Transportation 20.3%
Sales & Office 25.0%
Other 21.3%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 18.7%
15-19 7.5%
20-24 4.1%
25-44 25.3%
45-65 27.3%
66+ 17.1%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 11.0%
High School 41.8%
Masters Degree 3.9%
Some College 16.2%
Some High School 12.6%
Other 14.4%

CORINTH Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.6%
Construction 8.8%
Educational Services 8.6%
Health Care & Social Assistance 17.8%
Manufacturing 8.0%
Retail & Wholesale Trader 16.7%
Other 31.5%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 30% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 18.7%
15-19 7.5%
20-24 4.1%
25-44 25.3%
45-65 27.3%
66+ 17.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.6%
Healthcare 7.2%
Management, Business, & Financial 8.2%
Natural Resources Maintenance 11.4%
Production & Transportation 20.3%
Sales & Office 25.0%
Other 21.3%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.0%
High School 41.8%
Masters Degree 3.9%
Some College 16.2%
Some High School 12.6%
Other 14.4%

116 Lemont Ave 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 , SARATOGA County , or the 12822 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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