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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

1566 State Route 38 Owego, NY 13827

2 Beds 1 Baths 818 sqft Built 1890
Last updated:  Dec 26, 2019

INVESTimate

$120,992

$109K - $133K

Price Est.

$1,305

$1.0K - $1.6K

Rent Est.

$122,988  ( +1.65%)   1 YR EST. FORECAST
  
  
  

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1566 State Route 38 PROPERTY INFO

FACTS
  • Built In 1890
  • Price/Sqft : $147.91
CONSTRUCTION
  • Beds : 2
  • Floor Size : 818 sqft
  • Baths : 1 Full

1566 State Route 38 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
OWEGO ELEMENTARY SCHOOL Primary Regular 573 41 NA
OWEGO-APALACHIN MIDDLE SCHOOL Middle Regular 502 37 NA
OWEGO FREE ACADEMY High Regular 680 48 7

OWEGO ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 41
-1
GreatSchools Rating

OWEGO-APALACHIN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 502
  • # of teachers: 37
-1
GreatSchools Rating

OWEGO FREE ACADEMY

  • Education Level: High
  • # of students: 680
  • # of teachers: 48
7
GreatSchools Rating
 

Financial Details

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Neighborhood

OWEGO

  • 11,513

    POPULATION
  • 5,113

    HOUSEHOLDS
  • 62.3%

    WHITE COLLAR

Neighborhood : OWEGO

HOUSEHOLDS
5,113
POPULATION

11,513

30.3%Renters
69.7%Home Owners
LABOR FORCE

 

62.3%White Collar
37.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 90% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,305 per month.

MY RENT : $1,305 MEDIAN RENT : $1,787

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.1%
$1,000-1,499 16.5%
>=$1,500 83.5%
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 $1,305 would therefore be considered affordable for annual household incomes greater than $52,200 (12 months x 3.333 x $1,305).

Rent % Affordability
Above $500 82.5%
Above $700 73.2%
Above $1,100 57.2%
Above $1,500 43.9%
Above $1,900 33.7%
HOUSEHOLD INCOME RANGE

Approximately 2,376 of households in this neighborhood have a total annual income of $52,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,305 per month.

MINIMUM INCOME RANGE : $52,200

Income % Distribution
<$20K 17.5%
$20K-$35K 18.9%
$35K-$60K 19.7%
$60K-$100K 21.2%
>=$100K 22.7%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 40% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.4%
5-9 mins 19.9%
10-14 mins 14.8%
15-19 mins 11.0%
20-29 mins 18.6%
30-44 mins 20.0%
45-59 mins 6.2%
>60 mins 4.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 90% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,305 per month.

MY RENT : $1,305 MEDIAN RENT : $1,787

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.1%
$1,000-1,499 16.5%
>=$1,500 83.5%
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 $1,305 would therefore be considered affordable for annual household incomes greater than $52,200 (12 months x 3.333 x $1,305).

Rent % Affordability
Above $500 82.5%
Above $700 73.2%
Above $1,100 57.2%
Above $1,500 43.9%
Above $1,900 33.7%
HOUSEHOLD INCOME RANGE

Approximately 2,376 of households in this neighborhood have a total annual income of $52,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,305 per month.

MINIMUM INCOME RANGE : $52,200

Income % Distribution
<$20K 17.5%
$20K-$35K 18.9%
$35K-$60K 19.7%
$60K-$100K 21.2%
>=$100K 22.7%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 40% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.4%
5-9 mins 19.9%
10-14 mins 14.8%
15-19 mins 11.0%
20-29 mins 18.6%
30-44 mins 20.0%
45-59 mins 6.2%
>60 mins 4.1%

OWEGO Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.8%
Construction 6.5%
Educational Services 13.6%
Health Care & Social Assistance 8.1%
Manufacturing 13.3%
Retail & Wholesale Trader 17.9%
Other 30.8%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 28% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 15.7%
15-19 5.3%
20-24 6.8%
25-44 20.0%
45-65 31.6%
66+ 20.8%
OCCUPATION

Occupation % Distribution
Clean 4.4%
Computer Engineering 8.3%
Management, Business, & Financial 18.3%
Natural Resources Maintenance 11.8%
Production & Transportation 11.2%
Sales & Office 26.0%
Other 19.9%
HIGHEST EDUCATION LEVEL

19% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.3%
High School 32.4%
Masters Degree 6.5%
Some College 20.3%
Some High School 10.7%
Other 19.7%

1566 State Route 38 Comps

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1566 State Route 38, Owego, NY 13827 is a single family home of 818 sqft. HomeUnion INVESTimateĀ® for 1566 State Route 38 includes a Price Estimate of $120,992 and a Rent Estimate of $1,305. This single family home has 2 bedrooms,1 bathrooms, and was built in 1890. This property has an estimated 15 year annualized Yield of 12.94% and Total Return of 22.90%. The estimated 1 year forecast in home value for 1566 State Route 38 is 1.65%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , TIOGA County , or the 13827 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 13743
  2. 13811