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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

1640 Lowell Ave Butte, MT 59701

3 Beds 2 Baths 1,674 sqft Built 1905
Last updated:  Jan 23, 2020

INVESTimate

$148,953

$133K - $165K

Price Est.

$1,068

931 - $1.2K

Rent Est.

$148,953  ( 0%)   1 YR EST. FORECAST
  
  
  

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1640 Lowell Ave PROPERTY INFO

FACTS
  • Built In 1905
  • Price/Sqft : $88.98
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,674 sqft
  • Baths : 1 Full 1 Half

1640 Lowell Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
EMERSON SCHOOL Primary Regular 384 23 6
EMERSON SCHOOL Middle Regular 384 23 6
BUTTE HIGH SCHOOL High Regular 1,300 83 5

EMERSON SCHOOL

  • Education Level: Primary
  • # of students: 384
  • # of teachers: 23
6
GreatSchools Rating

EMERSON SCHOOL

  • Education Level: Middle
  • # of students: 384
  • # of teachers: 23
6
GreatSchools Rating

BUTTE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,300
  • # of teachers: 83
5
GreatSchools Rating
 

Financial Details

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Neighborhood

Butte

  • 33,985

    POPULATION
  • 14,889

    HOUSEHOLDS
  • 62.0%

    WHITE COLLAR

Neighborhood : Butte

HOUSEHOLDS
14,889
POPULATION

33,985

35.9%Renters
64.1%Home Owners
LABOR FORCE

 

62.0%White Collar
38.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,068 per month.

MY RENT : $1,068 MEDIAN RENT : $1,002

Rent % Distribution LEVEL
$500-699 4.9%
$700-899 27.2%
$900-999 17.5%
$1,000-1,499 50.1%
>=$1,500 0.2%
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 $1,068 would therefore be considered affordable for annual household incomes greater than $42,720 (12 months x 3.333 x $1,068).

Rent % Affordability
Above $500 72.4%
Above $700 62.6%
Above $1,100 44.0%
Above $1,500 30.7%
Above $1,900 22.7%
HOUSEHOLD INCOME RANGE

Approximately 5,513 of households in this neighborhood have a total annual income of $42,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,068 per month.

MINIMUM INCOME RANGE : $42,720

Income % Distribution
<$20K 27.6%
$20K-$35K 19.8%
$35K-$60K 21.9%
$60K-$100K 17.2%
>=$100K 13.5%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 58% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.1%
5-9 mins 22.1%
10-14 mins 30.3%
15-19 mins 20.3%
20-29 mins 9.9%
30-44 mins 5.8%
45-59 mins 2.4%
>60 mins 3.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,068 per month.

MY RENT : $1,068 MEDIAN RENT : $1,002

Rent % Distribution
$500-699 4.9%
$700-899 27.2%
$900-999 17.5%
$1,000-1,499 50.1%
>=$1,500 0.2%
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 $1,068 would therefore be considered affordable for annual household incomes greater than $42,720 (12 months x 3.333 x $1,068).

Rent % Affordability
Above $500 72.4%
Above $700 62.6%
Above $1,100 44.0%
Above $1,500 30.7%
Above $1,900 22.7%
HOUSEHOLD INCOME RANGE

Approximately 5,513 of households in this neighborhood have a total annual income of $42,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,068 per month.

MINIMUM INCOME RANGE : $42,720

Income % Distribution
<$20K 27.6%
$20K-$35K 19.8%
$35K-$60K 21.9%
$60K-$100K 17.2%
>=$100K 13.5%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 58% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.1%
5-9 mins 22.1%
10-14 mins 30.3%
15-19 mins 20.3%
20-29 mins 9.9%
30-44 mins 5.8%
45-59 mins 2.4%
>60 mins 3.1%

Butte Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.1%
Educational Services 7.4%
Health Care & Social Assistance 20.0%
Public Administration 6.9%
Retail & Wholesale Trader 16.8%
Transportation 7.1%
Other 30.7%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 33% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 17.0%
15-19 6.6%
20-24 9.0%
25-44 22.2%
45-65 28.5%
66+ 16.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.5%
Healthcare 13.4%
Management, Business, & Financial 16.0%
Natural Resources Maintenance 11.1%
Production & Transportation 10.7%
Sales & Office 21.8%
Other 21.4%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.1%
High School 34.8%
Masters Degree 5.4%
Some College 22.2%
Some High School 9.2%
Other 19.3%

1640 Lowell Ave Comps

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1640 Lowell Ave, Butte, MT 59701 is a single family home of 1,674 sqft. HomeUnion INVESTimateĀ® for 1640 Lowell Ave includes a Price Estimate of $148,953 and a Rent Estimate of $1,068. This single family home has 3 bedrooms,2 bathrooms, and was built in 1905. This property has an estimated 15 year annualized Yield of 8.60% and Total Return of 11.77%. The estimated 1 year forecast in home value for 1640 Lowell Ave is 0%.

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