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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

13071 150th Ave Independence, IA 50644

2 Beds 1 Baths 1,200 sqft Built 2018
Last updated:  Jan 23, 2020

INVESTimate

$74,693

$71.3K - $78.1K

Price Est.

$698

610 - 786

Rent Est.

$76,276  ( +2.12%)   1 YR EST. FORECAST
  
  
  

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13071 150th Ave PROPERTY INFO

FACTS
  • Built In 2018
  • Price/Sqft : $62.24
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,200 sqft
  • Baths : 1 Full

13071 150th Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CENTERVILLE HIGH SCHOOL High Regular 434 34 3

CENTERVILLE HIGH SCHOOL

  • Education Level: High
  • # of students: 434
  • # of teachers: 34
3
GreatSchools Rating
 

Financial Details

See Financial Details

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Neighborhood

INDEPENDENCE

  • 8,959

    POPULATION
  • 3,635

    HOUSEHOLDS
  • 53.1%

    WHITE COLLAR

Neighborhood : INDEPENDENCE

HOUSEHOLDS
3,635
POPULATION

8,959

23.4%Renters
76.6%Home Owners
LABOR FORCE

 

53.1%White Collar
46.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $698 per month.

MY RENT : $698 MEDIAN RENT : $870

Rent % Distribution LEVEL
$400-699 27.0%
$700-899 26.4%
$900-999 11.7%
$1,000-1,499 29.4%
>=$1,500 5.5%
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 $698 would therefore be considered affordable for annual household incomes greater than $27,920 (12 months x 3.333 x $698).

Rent % Affordability
Above $500 83.9%
Above $700 75.6%
Above $1,100 60.6%
Above $1,500 47.0%
Above $1,900 35.4%
HOUSEHOLD INCOME RANGE

Approximately 7,296 of households in this neighborhood have a total annual income of $27,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $698 per month.

MINIMUM INCOME RANGE : $27,920

Income % Distribution
<$20K 16.1%
$20K-$35K 14.2%
$35K-$60K 22.7%
$60K-$100K 26.0%
>=$100K 21.0%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 52% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.7%
5-9 mins 28.0%
10-14 mins 15.3%
15-19 mins 8.3%
20-29 mins 11.7%
30-44 mins 16.5%
45-59 mins 8.0%
>60 mins 3.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $698 per month.

MY RENT : $698 MEDIAN RENT : $870

Rent % Distribution
$400-699 27.0%
$700-899 26.4%
$900-999 11.7%
$1,000-1,499 29.4%
>=$1,500 5.5%
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 $698 would therefore be considered affordable for annual household incomes greater than $27,920 (12 months x 3.333 x $698).

Rent % Affordability
Above $500 83.9%
Above $700 75.6%
Above $1,100 60.6%
Above $1,500 47.0%
Above $1,900 35.4%
HOUSEHOLD INCOME RANGE

Approximately 7,296 of households in this neighborhood have a total annual income of $27,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $698 per month.

MINIMUM INCOME RANGE : $27,920

Income % Distribution
<$20K 16.1%
$20K-$35K 14.2%
$35K-$60K 22.7%
$60K-$100K 26.0%
>=$100K 21.0%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 52% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.7%
5-9 mins 28.0%
10-14 mins 15.3%
15-19 mins 8.3%
20-29 mins 11.7%
30-44 mins 16.5%
45-59 mins 8.0%
>60 mins 3.5%

INDEPENDENCE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.5%
Construction 7.2%
Educational Services 6.7%
Health Care & Social Assistance 18.4%
Manufacturing 18.8%
Retail & Wholesale Trader 10.4%
Other 29.0%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 32% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 21.2%
15-19 5.8%
20-24 5.4%
25-44 23.9%
45-65 24.5%
66+ 19.2%
OCCUPATION

Occupation % Distribution
Education 5.9%
Healthcare 9.0%
Management, Business, & Financial 17.0%
Natural Resources Maintenance 12.5%
Production & Transportation 18.2%
Sales & Office 17.7%
Other 19.7%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.1%
High School 41.5%
Masters Degree 3.4%
Some College 19.8%
Some High School 6.8%
Other 17.4%

13071 150th Ave Comps

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13071 150th Ave, Independence, IA 50644 is a single family home of 1,200 sqft. HomeUnion INVESTimate¬ģ for 13071 150th Ave includes a Price Estimate of $74,693 and a Rent Estimate of $698. This single family home has 2 bedrooms,1 bathrooms, and was built in 2018. This property has an estimated 15 year annualized Yield of 11.21% and Total Return of 22.09%. The estimated 1 year forecast in home value for 13071 150th Ave is 2.12%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , APPANOOSE County , or the 50644 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 52574
  2. 52581
  3. 52569
  4. 52571