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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

15876 Highway 3 Allison, IA 50602

3 Beds 1 Baths 828 sqft Built 1904
Last updated:  Dec 26, 2019

INVESTimate

$163,119

$158K - $168K

Price Est.

$687

601 - 773

Rent Est.

$169,937  ( +4.18%)   1 YR EST. FORECAST
  
  
  

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15876 Highway 3 PROPERTY INFO

FACTS
  • Built In 1904
  • Price/Sqft : $197.00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 828 sqft
  • Baths : 1 Full

15876 Highway 3 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SOUTH SIDE ELEMENTARY SCHOOL Primary Regular 334 29 3
HAMPTON-DUMONT HIGH SCHOOL High Regular 362 29 6

SOUTH SIDE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 334
  • # of teachers: 29
3
GreatSchools Rating

HAMPTON-DUMONT HIGH SCHOOL

  • Education Level: High
  • # of students: 362
  • # of teachers: 29
6
GreatSchools Rating
 

Financial Details

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Neighborhood

ALLISON

  • 1,662

    POPULATION
  • 690

    HOUSEHOLDS
  • 58.8%

    WHITE COLLAR

Neighborhood : ALLISON

HOUSEHOLDS
690
POPULATION

1,662

22.2%Renters
77.8%Home Owners
LABOR FORCE

 

58.8%White Collar
41.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $687 per month.

MY RENT : $687 MEDIAN RENT : $866

Rent % Distribution LEVEL
$500-699 21.6%
$700-899 35.9%
$900-999 15.0%
$1,000-1,499 25.7%
>=$1,500 1.8%
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 $687 would therefore be considered affordable for annual household incomes greater than $27,480 (12 months x 3.333 x $687).

Rent % Affordability
Above $500 86.1%
Above $700 79.0%
Above $1,100 67.4%
Above $1,500 48.8%
Above $1,900 36.0%
HOUSEHOLD INCOME RANGE

Approximately 1,160 of households in this neighborhood have a total annual income of $27,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $687 per month.

MINIMUM INCOME RANGE : $27,480

Income % Distribution
<$20K 13.9%
$20K-$35K 10.0%
$35K-$60K 27.3%
$60K-$100K 28.9%
>=$100K 19.9%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 39% 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 12.9%
5-9 mins 16.6%
10-14 mins 9.1%
15-19 mins 11.0%
20-29 mins 20.7%
30-44 mins 19.8%
45-59 mins 5.8%
>60 mins 4.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $687 per month.

MY RENT : $687 MEDIAN RENT : $866

Rent % Distribution
$500-699 21.6%
$700-899 35.9%
$900-999 15.0%
$1,000-1,499 25.7%
>=$1,500 1.8%
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 $687 would therefore be considered affordable for annual household incomes greater than $27,480 (12 months x 3.333 x $687).

Rent % Affordability
Above $500 86.1%
Above $700 79.0%
Above $1,100 67.4%
Above $1,500 48.8%
Above $1,900 36.0%
HOUSEHOLD INCOME RANGE

Approximately 1,160 of households in this neighborhood have a total annual income of $27,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $687 per month.

MINIMUM INCOME RANGE : $27,480

Income % Distribution
<$20K 13.9%
$20K-$35K 10.0%
$35K-$60K 27.3%
$60K-$100K 28.9%
>=$100K 19.9%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 39% 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 12.9%
5-9 mins 16.6%
10-14 mins 9.1%
15-19 mins 11.0%
20-29 mins 20.7%
30-44 mins 19.8%
45-59 mins 5.8%
>60 mins 4.1%

ALLISON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 6.0%
Educational Services 7.2%
Health Care & Social Assistance 13.7%
Manufacturing 20.8%
Professional & Scientific Tech Services 8.3%
Retail & Wholesale Trader 15.7%
Other 28.3%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 28% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 17.2%
15-19 7.0%
20-24 3.5%
25-44 24.7%
45-65 24.7%
66+ 23.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.4%
Healthcare 5.6%
Management, Business, & Financial 13.6%
Natural Resources Maintenance 7.7%
Production & Transportation 25.1%
Sales & Office 23.0%
Other 16.7%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.7%
High School 37.6%
Masters Degree 6.5%
Some College 26.0%
Some High School 7.3%
Other 10.1%

15876 Highway 3 Comps

Sorry, we do not have sufficient data available.

15876 Highway 3, Allison, IA 50602 is a single family home of 828 sqft. HomeUnion INVESTimateĀ® for 15876 Highway 3 includes a Price Estimate of $163,119 and a Rent Estimate of $687. This single family home has 3 bedrooms,1 bathrooms, and was built in 1904. This property has an estimated 15 year annualized Yield of 5.05% and Total Return of 15.02%. The estimated 1 year forecast in home value for 15876 Highway 3 is 4.18%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , BUTLER County , or the 50602 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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