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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

12597 Highway 9 Lime Springs, IA 52155

3 Beds 2 Baths 1,646 sqft Built 1919
Last updated:  Jan 23, 2020

INVESTimate

$221,258

$204K - $239K

Price Est.

$983

860 - $1.1K

Rent Est.

$216,302  ( -2.24%)   1 YR EST. FORECAST
  
  
  

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12597 Highway 9 PROPERTY INFO

FACTS
  • Built In 1919
  • Price/Sqft : $134.42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,646 sqft
  • Baths : 2 Full

12597 Highway 9 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CRESTWOOD HIGH SCHOOL High Regular 451 30 6

CRESTWOOD HIGH SCHOOL

  • Education Level: High
  • # of students: 451
  • # of teachers: 30
6
GreatSchools Rating
 

Financial Details

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Neighborhood

LIME SPRINGS

  • 1,276

    POPULATION
  • 541

    HOUSEHOLDS
  • 53.5%

    WHITE COLLAR

Neighborhood : LIME SPRINGS

HOUSEHOLDS
541
POPULATION

1,276

12.5%Renters
87.5%Home Owners
LABOR FORCE

 

53.5%White Collar
46.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $983 per month.

MY RENT : $983 MEDIAN RENT : $923

Rent % Distribution LEVEL
$500-699 16.1%
$700-899 29.8%
$900-999 13.7%
$1,000-1,499 35.9%
>=$1,500 4.6%
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 $983 would therefore be considered affordable for annual household incomes greater than $39,320 (12 months x 3.333 x $983).

Rent % Affordability
Above $500 91.7%
Above $700 82.6%
Above $1,100 61.0%
Above $1,500 42.4%
Above $1,900 33.8%
HOUSEHOLD INCOME RANGE

Approximately 288 of households in this neighborhood have a total annual income of $39,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $983 per month.

MINIMUM INCOME RANGE : $39,320

Income % Distribution
<$20K 8.3%
$20K-$35K 18.6%
$35K-$60K 30.8%
$60K-$100K 24.9%
>=$100K 17.5%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 35% 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 12.4%
5-9 mins 14.6%
10-14 mins 8.4%
15-19 mins 9.1%
20-29 mins 25.9%
30-44 mins 12.4%
45-59 mins 10.9%
>60 mins 6.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $983 per month.

MY RENT : $983 MEDIAN RENT : $923

Rent % Distribution
$500-699 16.1%
$700-899 29.8%
$900-999 13.7%
$1,000-1,499 35.9%
>=$1,500 4.6%
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 $983 would therefore be considered affordable for annual household incomes greater than $39,320 (12 months x 3.333 x $983).

Rent % Affordability
Above $500 91.7%
Above $700 82.6%
Above $1,100 61.0%
Above $1,500 42.4%
Above $1,900 33.8%
HOUSEHOLD INCOME RANGE

Approximately 288 of households in this neighborhood have a total annual income of $39,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $983 per month.

MINIMUM INCOME RANGE : $39,320

Income % Distribution
<$20K 8.3%
$20K-$35K 18.6%
$35K-$60K 30.8%
$60K-$100K 24.9%
>=$100K 17.5%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 35% 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 12.4%
5-9 mins 14.6%
10-14 mins 8.4%
15-19 mins 9.1%
20-29 mins 25.9%
30-44 mins 12.4%
45-59 mins 10.9%
>60 mins 6.2%

LIME SPRINGS Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 10.2%
Construction 9.8%
Financial Industries 5.7%
Health Care & Social Assistance 15.1%
Manufacturing 19.9%
Retail & Wholesale Trader 17.9%
Other 21.3%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 31% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 16.5%
15-19 8.7%
20-24 5.9%
25-44 19.9%
45-65 28.9%
66+ 20.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.4%
Healthcare 9.6%
Management, Business, & Financial 13.9%
Natural Resources Maintenance 19.5%
Production & Transportation 19.5%
Sales & Office 18.8%
Other 11.3%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 10.7%
High School 45.7%
Masters Degree 1.3%
Some College 18.4%
Some High School 14.3%
Other 9.6%

12597 Highway 9 Comps

Sorry, we do not have sufficient data available.

12597 Highway 9, Lime Springs, IA 52155 is a single family home of 1,646 sqft. HomeUnion INVESTimateĀ® for 12597 Highway 9 includes a Price Estimate of $221,258 and a Rent Estimate of $983. This single family home has 3 bedrooms,2 bathrooms, and was built in 1919. This property has an estimated 15 year annualized Yield of 5.33% and Total Return of 4.67%. The estimated 1 year forecast in home value for 12597 Highway 9 is -2.24%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , HOWARD County , or the 52155 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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