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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.

125 N Rainbow Rd North Barrington, IL 60010

0 Beds 4 Baths 2,745 sqft Built 1989
Last updated:  Jan 23, 2020

INVESTimate

$558,096

$547K - $570K

Price Est.

$3,130

$2.8K - $3.4K

Rent Est.

$587,563  ( +5.28%)   1 YR EST. FORECAST

125 N Rainbow Rd PROPERTY INFO

FACTS
  • Built In 1989
  • Price/Sqft : $203.31
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,745 sqft
  • Baths : 3 Full 1 Half
PROPERTY DESCRIPTION
125 N Rainbow Rd, North Barrington, IL 60010 is a single family home of 2,745 sqft. HomeUnion estimate for 125 N Rainbow Rd includes a Price Estimate of $558,096 and a Rent Estimate of $3,130. This single family home has 0 bedrooms, 4 bathrooms, and was built in 1989. This property has an estimated 15 year annualized Yield of 6.73% and Total Return of 18.01%. The estimated 1 year forecast in home value for 125 N Rainbow Rd is 5.28%.
  
  
  

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125 N Rainbow Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SETH PAINE ELEMENTARY SCHOOL Primary Regular 406 29 9
LAKE ZURICH MIDDLE - N CAMPUS Middle Regular 745 59 8
LAKE ZURICH HIGH SCHOOL High Regular 2,099 126 10

SETH PAINE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 406
  • # of teachers: 29
9
GreatSchools Rating

LAKE ZURICH MIDDLE - N CAMPUS

  • Education Level: Middle
  • # of students: 745
  • # of teachers: 59
8
GreatSchools Rating

LAKE ZURICH HIGH SCHOOL

  • Education Level: High
  • # of students: 2,099
  • # of teachers: 126
10
GreatSchools Rating
 

Financial Details

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Neighborhood

North Barrington

  • 3,076

    POPULATION
  • 1,085

    HOUSEHOLDS
  • 89.6%

    WHITE COLLAR

Neighborhood : North Barrington

HOUSEHOLDS
1,085
POPULATION

3,076

6.2%Renters
93.8%Home Owners
LABOR FORCE

 

89.6%White Collar
10.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,130 per month.

MY RENT : $3,130 MEDIAN RENT : $2,721

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.3%
>=$1,500 99.7%
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 $3,130 would therefore be considered affordable for annual household incomes greater than $125,200 (12 months x 3.333 x $3,130).

Rent % Affordability
Above $500 94.1%
Above $700 90.6%
Above $1,100 82.2%
Above $1,500 78.3%
Above $1,900 73.9%
HOUSEHOLD INCOME RANGE

Approximately 344 of households in this neighborhood have a total annual income of $125,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,130 per month.

MINIMUM INCOME RANGE : $125,200

Income % Distribution
<$20K 5.9%
$20K-$35K 6.4%
$35K-$60K 9.4%
$60K-$100K 14.4%
>=$100K 63.9%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 37% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 3.1%
10-14 mins 7.9%
15-19 mins 9.6%
20-29 mins 11.3%
30-44 mins 30.0%
45-59 mins 17.5%
>60 mins 19.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,130 per month.

MY RENT : $3,130 MEDIAN RENT : $2,721

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.3%
>=$1,500 99.7%
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 $3,130 would therefore be considered affordable for annual household incomes greater than $125,200 (12 months x 3.333 x $3,130).

Rent % Affordability
Above $500 94.1%
Above $700 90.6%
Above $1,100 82.2%
Above $1,500 78.3%
Above $1,900 73.9%
HOUSEHOLD INCOME RANGE

Approximately 344 of households in this neighborhood have a total annual income of $125,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,130 per month.

MINIMUM INCOME RANGE : $125,200

Income % Distribution
<$20K 5.9%
$20K-$35K 6.4%
$35K-$60K 9.4%
$60K-$100K 14.4%
>=$100K 63.9%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 37% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 3.1%
10-14 mins 7.9%
15-19 mins 9.6%
20-29 mins 11.3%
30-44 mins 30.0%
45-59 mins 17.5%
>60 mins 19.1%

North Barrington Demographics

INDUSTRY

Industry % Distribution
Educational Services 7.8%
Financial Industries 10.7%
Health Care & Social Assistance 12.6%
Manufacturing 13.5%
Professional & Scientific Tech Services 12.5%
Retail & Wholesale Trader 13.1%
Other 29.8%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 32% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 19.8%
15-19 9.3%
20-24 3.0%
25-44 18.8%
45-65 36.1%
66+ 12.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.7%
Construction 5.7%
Healthcare 8.7%
Management, Business, & Financial 43.5%
Production & Transportation 5.1%
Sales & Office 18.7%
Other 11.6%
HIGHEST EDUCATION LEVEL

37% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.0%
High School 9.2%
Masters Degree 23.1%
Professional 5.9%
Some College 13.1%
Other 42.6%

125 N Rainbow 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 IL , LAKE County , or the 60010 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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