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166 Nw Gerson Ln PROPERTY INFO
FACTS
- Built In 1994
- Price/Sqft : $73.01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,064 sqft
- Baths : 2 Full
166 Nw Gerson Ln SCHOOLS
Financial Details
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LAKE CITY
Neighborhood : LAKE CITY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 98% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $718 per month.
MY RENT : $718 MEDIAN RENT : $1,089
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 $718 would therefore be considered affordable for annual household incomes greater than $28,720 (12 months x 3.333 x $718).
HOUSEHOLD INCOME RANGE
Approximately 15,070 of households in this neighborhood have a total annual income of $28,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $718 per month.
MINIMUM INCOME RANGE : $28,720
COMMUTE TIME DISTRIBUTION
47% of the working population has a commute time of 15 to 44 minutes, 44% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.
LAKE CITY Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 15.5% |
| Construction | 5.6% |
| Educational Services | 5.4% |
| Health Care & Social Assistance | 19.9% |
| Public Administration | 10.1% |
| Retail & Wholesale Trader | 14.4% |
| Other | 29.1% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 30% is 24 or younger and 18% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 18.8% |
| 15-19 | 4.9% |
| 20-24 | 6.5% |
| 25-44 | 25.9% |
| 45-65 | 25.5% |
| 66+ | 18.4% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 19.2% |
| Management, Business, & Financial | 11.0% |
| Natural Resources Maintenance | 10.9% |
| Production & Transportation | 9.5% |
| Protect | 9.8% |
| Sales & Office | 22.9% |
| Other | 16.7% |
HIGHEST EDUCATION LEVEL
15% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.9% |
| High School | 36.2% |
| Masters Degree | 4.0% |
| Some College | 23.0% |
| Some High School | 13.7% |
| Other | 13.1% |
166 Nw Gerson Ln Comps
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166 Nw Gerson Ln, Lake City, FL 32055 is a single family home of 1,064 sqft. HomeUnion INVESTimateĀ® for 166 Nw Gerson Ln includes a Price Estimate of $77,687 and a Rent Estimate of $718. This single family home has 3 bedrooms,2 bathrooms, and was built in 1994. This property has an estimated 15 year annualized Yield of 11.09% and Total Return of 16.98%. The estimated 1 year forecast in home value for 166 Nw Gerson Ln is 3.9%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , COLUMBIA County , or the 32055 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
