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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

11933 253rd Ave Spirit Lake, IA 51360

2 Beds 1 Baths 1,260 sqft Built 1978
Last updated:  Dec 26, 2019

INVESTimate

$307,264

$298K - $316K

Price Est.

$978

855 - $1.1K

Rent Est.

$317,680  ( +3.39%)   1 YR EST. FORECAST
  
  
  

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11933 253rd Ave PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $243.86
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,260 sqft
  • Baths : 1 Full

11933 253rd Ave SCHOOLS

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Financial Details

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Neighborhood

SPIRIT LAKE

  • 8,006

    POPULATION
  • 3,948

    HOUSEHOLDS
  • 62.5%

    WHITE COLLAR

Neighborhood : SPIRIT LAKE

HOUSEHOLDS
3,948
POPULATION

8,006

24.0%Renters
76.0%Home Owners
LABOR FORCE

 

62.5%White Collar
37.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $978 per month.

MY RENT : $978 MEDIAN RENT : $1,073

Rent % Distribution LEVEL
$500-699 4.3%
$700-899 34.4%
$900-999 7.4%
$1,000-1,499 26.2%
>=$1,500 27.6%
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 $978 would therefore be considered affordable for annual household incomes greater than $39,120 (12 months x 3.333 x $978).

Rent % Affordability
Above $500 84.7%
Above $700 77.2%
Above $1,100 62.3%
Above $1,500 51.3%
Above $1,900 40.4%
HOUSEHOLD INCOME RANGE

Approximately 2,301 of households in this neighborhood have a total annual income of $39,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $978 per month.

MINIMUM INCOME RANGE : $39,120

Income % Distribution
<$20K 15.3%
$20K-$35K 13.2%
$35K-$60K 20.2%
$60K-$100K 23.3%
>=$100K 27.9%
COMMUTE TIME DISTRIBUTION

32% of the working population has a commute time of 15 to 44 minutes, 64% 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 11.4%
5-9 mins 31.8%
10-14 mins 20.7%
15-19 mins 14.8%
20-29 mins 7.2%
30-44 mins 10.3%
45-59 mins 2.5%
>60 mins 1.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $978 per month.

MY RENT : $978 MEDIAN RENT : $1,073

Rent % Distribution
$500-699 4.3%
$700-899 34.4%
$900-999 7.4%
$1,000-1,499 26.2%
>=$1,500 27.6%
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 $978 would therefore be considered affordable for annual household incomes greater than $39,120 (12 months x 3.333 x $978).

Rent % Affordability
Above $500 84.7%
Above $700 77.2%
Above $1,100 62.3%
Above $1,500 51.3%
Above $1,900 40.4%
HOUSEHOLD INCOME RANGE

Approximately 2,301 of households in this neighborhood have a total annual income of $39,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $978 per month.

MINIMUM INCOME RANGE : $39,120

Income % Distribution
<$20K 15.3%
$20K-$35K 13.2%
$35K-$60K 20.2%
$60K-$100K 23.3%
>=$100K 27.9%
COMMUTE TIME DISTRIBUTION

32% of the working population has a commute time of 15 to 44 minutes, 64% 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 11.4%
5-9 mins 31.8%
10-14 mins 20.7%
15-19 mins 14.8%
20-29 mins 7.2%
30-44 mins 10.3%
45-59 mins 2.5%
>60 mins 1.3%

SPIRIT LAKE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.0%
Construction 10.7%
Educational Services 6.5%
Health Care & Social Assistance 19.8%
Manufacturing 17.0%
Retail & Wholesale Trader 12.6%
Other 27.4%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 22% is 24 or younger and 26% is 65 or older.

Age % Distribution
<15 13.9%
15-19 4.5%
20-24 3.7%
25-44 19.9%
45-65 32.0%
66+ 26.0%
OCCUPATION

Occupation % Distribution
Construction 5.1%
Healthcare 9.7%
Management, Business, & Financial 19.4%
Natural Resources Maintenance 11.8%
Production & Transportation 18.0%
Sales & Office 17.3%
Other 18.7%
HIGHEST EDUCATION LEVEL

24% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.6%
High School 26.5%
Masters Degree 6.5%
Some College 24.0%
Some High School 3.3%
Other 26.1%

11933 253rd Ave Comps

Sorry, we do not have sufficient data available.

11933 253rd Ave, Spirit Lake, IA 51360 is a single family home of 1,260 sqft. HomeUnion INVESTimateĀ® for 11933 253rd Ave includes a Price Estimate of $307,264 and a Rent Estimate of $978. This single family home has 2 bedrooms,1 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 3.82% and Total Return of 10.93%. The estimated 1 year forecast in home value for 11933 253rd Ave is 3.39%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , DICKINSON County , or the 51360 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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