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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.

150 N Rainbow Rd North Barrington, IL 60010

5 Beds 6 Baths 6,053 sqft Built 1992
Last updated:  Jan 23, 2020

INVESTimate

$490,203

$481K - $500K

Price Est.

$4,304

$3.9K - $4.7K

Rent Est.

$498,585  ( +1.71%)   1 YR EST. FORECAST

150 N Rainbow Rd PROPERTY INFO

FACTS
  • Built In 1992
  • Price/Sqft : $80.99
CONSTRUCTION
  • Beds : 5
  • Floor Size : 6,053 sqft
  • Baths : 4 Full 2 Half
PROPERTY DESCRIPTION
150 N Rainbow Rd, North Barrington, IL 60010 is a single family home of 6,053 sqft. HomeUnion estimate for 150 N Rainbow Rd includes a Price Estimate of $490,203 and a Rent Estimate of $4,304. This single family home has 5 bedrooms, 6 bathrooms, and was built in 1992. This property has an estimated 15 year annualized Yield of 10.54% and Total Return of 19.94%. The estimated 1 year forecast in home value for 150 N Rainbow Rd is 1.71%.
  
  
  

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150 N Rainbow Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ROSLYN ROAD ELEMENTARY SCHOOL Primary Regular 418 25 10
BARRINGTON MIDDLE SCHOOL - PRAIRIE CAMPUS Middle Regular 1,164 80 9
BARRINGTON HIGH SCHOOL High Regular 2,998 170 10

ROSLYN ROAD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 418
  • # of teachers: 25
10
GreatSchools Rating

BARRINGTON MIDDLE SCHOOL - PRAIRIE CAMPUS

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 80
9
GreatSchools Rating

BARRINGTON HIGH SCHOOL

  • Education Level: High
  • # of students: 2,998
  • # of teachers: 170
10
GreatSchools Rating
 

Financial Details

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Neighborhood

Brook Forest

  • 57

    POPULATION
  • 20

    HOUSEHOLDS
  • 91.8%

    WHITE COLLAR

Neighborhood : Brook Forest

HOUSEHOLDS
20
POPULATION

57

15.8%Renters
84.2%Home Owners
LABOR FORCE

 

91.8%White Collar
8.2%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 $4,304 per month.

MY RENT : $4,304 MEDIAN RENT : $4,195

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $4,304 would therefore be considered affordable for annual household incomes greater than $172,160 (12 months x 3.333 x $4,304).

Rent % Affordability
Above $500 93.8%
Above $700 90.0%
Above $1,100 87.5%
Above $1,500 81.2%
Above $1,900 74.0%
HOUSEHOLD INCOME RANGE

Approximately 2 of households in this neighborhood have a total annual income of $172,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,304 per month.

MINIMUM INCOME RANGE : $172,160

Income % Distribution
<$20K 6.2%
$20K-$35K 6.2%
$35K-$60K 6.2%
$60K-$100K 31.2%
>=$100K 50.0%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 36% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.0%
5-9 mins 8.0%
10-14 mins 4.0%
15-19 mins 8.0%
20-29 mins 12.0%
30-44 mins 28.0%
45-59 mins 12.0%
>60 mins 24.0%
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 $4,304 per month.

MY RENT : $4,304 MEDIAN RENT : $4,195

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $4,304 would therefore be considered affordable for annual household incomes greater than $172,160 (12 months x 3.333 x $4,304).

Rent % Affordability
Above $500 93.8%
Above $700 90.0%
Above $1,100 87.5%
Above $1,500 81.2%
Above $1,900 74.0%
HOUSEHOLD INCOME RANGE

Approximately 2 of households in this neighborhood have a total annual income of $172,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,304 per month.

MINIMUM INCOME RANGE : $172,160

Income % Distribution
<$20K 6.2%
$20K-$35K 6.2%
$35K-$60K 6.2%
$60K-$100K 31.2%
>=$100K 50.0%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 36% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.0%
5-9 mins 8.0%
10-14 mins 4.0%
15-19 mins 8.0%
20-29 mins 12.0%
30-44 mins 28.0%
45-59 mins 12.0%
>60 mins 24.0%

Brook Forest Demographics

INDUSTRY

Industry % Distribution
Educational Services 9.1%
Financial Industries 9.1%
Health Care & Social Assistance 13.6%
Manufacturing 13.6%
Professional & Scientific Tech Services 13.6%
Retail & Wholesale Trader 22.7%
Other 18.2%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 28% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 17.5%
15-19 8.8%
20-24 1.8%
25-44 17.5%
45-65 35.1%
66+ 19.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.9%
Construction 5.9%
Healthcare 5.9%
Legal 5.9%
Management, Business, & Financial 35.3%
Sales & Office 41.2%
Other 0.0%
HIGHEST EDUCATION LEVEL

28% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.7%
High School 15.4%
Masters Degree 12.8%
Some College 10.3%
Some High School 12.8%
Other 41.0%

150 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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