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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

116 Tower St Millersburg, KY 40348

2 Beds 1 Baths 812 sqft Built 1966
Last updated:  Jan 23, 2020

INVESTimate

$75,107

$70.1K - $80.2K

Price Est.

$678

592 - 764

Rent Est.

$77,480  ( +3.16%)   1 YR EST. FORECAST
  
  
  

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116 Tower St PROPERTY INFO

FACTS
  • Built In 1966
  • Price/Sqft : $92.50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 812 sqft
  • Baths : 1 Full

116 Tower St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BOURBON COUNTY HIGH SCHOOL High Regular 878 51 NA

BOURBON COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 878
  • # of teachers: 51
0
GreatSchools Rating
 

Financial Details

See Financial Details

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Neighborhood

MILLERSBURG

  • 321

    POPULATION
  • 130

    HOUSEHOLDS
  • 54.6%

    WHITE COLLAR

Neighborhood : MILLERSBURG

HOUSEHOLDS
130
POPULATION

321

28.5%Renters
71.5%Home Owners
LABOR FORCE

 

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

Approximately 71% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $678 per month.

MY RENT : $678 MEDIAN RENT : $721

Rent % Distribution LEVEL
$500-699 32.3%
$700-899 49.5%
$900-999 4.3%
$1,000-1,499 14.0%
>=$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 $678 would therefore be considered affordable for annual household incomes greater than $27,120 (12 months x 3.333 x $678).

Rent % Affordability
Above $500 78.9%
Above $700 71.1%
Above $1,100 53.9%
Above $1,500 39.8%
Above $1,900 28.5%
HOUSEHOLD INCOME RANGE

Approximately 233 of households in this neighborhood have a total annual income of $27,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $678 per month.

MINIMUM INCOME RANGE : $27,120

Income % Distribution
<$20K 21.1%
$20K-$35K 12.5%
$35K-$60K 26.6%
$60K-$100K 21.9%
>=$100K 18.0%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.3%
5-9 mins 6.1%
10-14 mins 19.1%
15-19 mins 14.5%
20-29 mins 20.6%
30-44 mins 17.6%
45-59 mins 12.2%
>60 mins 4.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 71% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $678 per month.

MY RENT : $678 MEDIAN RENT : $721

Rent % Distribution
$500-699 32.3%
$700-899 49.5%
$900-999 4.3%
$1,000-1,499 14.0%
>=$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 $678 would therefore be considered affordable for annual household incomes greater than $27,120 (12 months x 3.333 x $678).

Rent % Affordability
Above $500 78.9%
Above $700 71.1%
Above $1,100 53.9%
Above $1,500 39.8%
Above $1,900 28.5%
HOUSEHOLD INCOME RANGE

Approximately 233 of households in this neighborhood have a total annual income of $27,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $678 per month.

MINIMUM INCOME RANGE : $27,120

Income % Distribution
<$20K 21.1%
$20K-$35K 12.5%
$35K-$60K 26.6%
$60K-$100K 21.9%
>=$100K 18.0%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.3%
5-9 mins 6.1%
10-14 mins 19.1%
15-19 mins 14.5%
20-29 mins 20.6%
30-44 mins 17.6%
45-59 mins 12.2%
>60 mins 4.6%

MILLERSBURG Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 12.5%
Construction 8.3%
Financial Industries 9.7%
Health Care & Social Assistance 6.9%
Manufacturing 22.2%
Retail & Wholesale Trader 9.7%
Other 30.6%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 33% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 18.4%
15-19 6.5%
20-24 7.8%
25-44 22.7%
45-65 31.2%
66+ 13.4%
OCCUPATION

Occupation % Distribution
Construction 5.5%
Management, Business, & Financial 18.2%
Natural Resources Maintenance 14.5%
PCare 3.6%
Production & Transportation 25.5%
Sales & Office 21.8%
Other 10.9%
HIGHEST EDUCATION LEVEL

8% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 3.5%
High School 39.1%
Masters Degree 3.5%
Some College 19.3%
Some High School 16.3%
Other 18.3%

116 Tower St Comps

Sorry, we do not have sufficient data available.

116 Tower St, Millersburg, KY 40348 is a single family home of 812 sqft. HomeUnion INVESTimateĀ® for 116 Tower St includes a Price Estimate of $75,107 and a Rent Estimate of $678. This single family home has 2 bedrooms,1 bathrooms, and was built in 1966. This property has an estimated 15 year annualized Yield of 10.83% and Total Return of 21.05%. The estimated 1 year forecast in home value for 116 Tower St is 3.16%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in KY , BOURBON County , or the 40348 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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