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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

1245 22nd Ave S203 Rock Valley, IA 51247

2 Beds 1 Baths 1,163 sqft Built 1999
Last updated:  Dec 26, 2019

INVESTimate

$55,764

$50.5K - $61.0K

Price Est.

$740

647 - 833

Rent Est.

$56,104  ( +0.61%)   1 YR EST. FORECAST
  
  
  

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1245 22nd Ave S203 PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $47.95
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,163 sqft
  • Baths : 1 Full

1245 22nd Ave S203 SCHOOLS

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Financial Details

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Neighborhood

ROCK VALLEY

  • 4,910

    POPULATION
  • 1,750

    HOUSEHOLDS
  • 61.9%

    WHITE COLLAR

Neighborhood : ROCK VALLEY

HOUSEHOLDS
1,750
POPULATION

4,910

24.5%Renters
75.5%Home Owners
LABOR FORCE

 

61.9%White Collar
38.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 83% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $740 per month.

MY RENT : $740 MEDIAN RENT : $976

Rent % Distribution LEVEL
$500-699 11.2%
$700-899 29.1%
$900-999 11.4%
$1,000-1,499 44.8%
>=$1,500 3.4%
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 $740 would therefore be considered affordable for annual household incomes greater than $29,600 (12 months x 3.333 x $740).

Rent % Affordability
Above $500 88.0%
Above $700 82.5%
Above $1,100 71.5%
Above $1,500 55.0%
Above $1,900 35.6%
HOUSEHOLD INCOME RANGE

Approximately 3,143 of households in this neighborhood have a total annual income of $29,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $740 per month.

MINIMUM INCOME RANGE : $29,600

Income % Distribution
<$20K 12.0%
$20K-$35K 11.3%
$35K-$60K 21.7%
$60K-$100K 33.0%
>=$100K 22.0%
COMMUTE TIME DISTRIBUTION

20% of the working population has a commute time of 15 to 44 minutes, 73% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 28.8%
5-9 mins 32.9%
10-14 mins 11.0%
15-19 mins 8.2%
20-29 mins 8.9%
30-44 mins 2.4%
45-59 mins 2.3%
>60 mins 5.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 83% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $740 per month.

MY RENT : $740 MEDIAN RENT : $976

Rent % Distribution
$500-699 11.2%
$700-899 29.1%
$900-999 11.4%
$1,000-1,499 44.8%
>=$1,500 3.4%
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 $740 would therefore be considered affordable for annual household incomes greater than $29,600 (12 months x 3.333 x $740).

Rent % Affordability
Above $500 88.0%
Above $700 82.5%
Above $1,100 71.5%
Above $1,500 55.0%
Above $1,900 35.6%
HOUSEHOLD INCOME RANGE

Approximately 3,143 of households in this neighborhood have a total annual income of $29,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $740 per month.

MINIMUM INCOME RANGE : $29,600

Income % Distribution
<$20K 12.0%
$20K-$35K 11.3%
$35K-$60K 21.7%
$60K-$100K 33.0%
>=$100K 22.0%
COMMUTE TIME DISTRIBUTION

20% of the working population has a commute time of 15 to 44 minutes, 73% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 28.8%
5-9 mins 32.9%
10-14 mins 11.0%
15-19 mins 8.2%
20-29 mins 8.9%
30-44 mins 2.4%
45-59 mins 2.3%
>60 mins 5.3%

ROCK VALLEY Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 10.7%
Arts & Entertainment 6.5%
Educational Services 9.4%
Health Care & Social Assistance 16.4%
Manufacturing 22.3%
Retail & Wholesale Trader 10.3%
Other 24.3%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 40% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 25.1%
15-19 6.8%
20-24 8.7%
25-44 22.2%
45-65 23.5%
66+ 13.8%
OCCUPATION

Occupation % Distribution
Construction 7.8%
Management, Business, & Financial 26.2%
Natural Resources Maintenance 6.0%
PCare 5.7%
Production & Transportation 26.4%
Sales & Office 17.9%
Other 9.9%
HIGHEST EDUCATION LEVEL

18% 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 37.1%
Masters Degree 3.0%
Some College 16.2%
Some High School 11.7%
Other 18.1%

1245 22nd Ave S203 Comps

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1245 22nd Ave S203, Rock Valley, IA 51247 is a single family home of 1,163 sqft. HomeUnion INVESTimateĀ® for 1245 22nd Ave S203 includes a Price Estimate of $55,764 and a Rent Estimate of $740. This single family home has 2 bedrooms,1 bathrooms, and was built in 1999. This property has an estimated 15 year annualized Yield of 15.92% and Total Return of 15.88%. The estimated 1 year forecast in home value for 1245 22nd Ave S203 is 0.61%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , SIOUX County , or the 51247 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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