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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

16796 Hobart Ave Orland Hills, IL 60487

0 Beds 2 Baths 775 sqft Built 1974
Last updated:  Jan 23, 2020

INVESTimate

$144,263

$142K - $147K

Price Est.

$1,517

$1.4K - $1.6K

Rent Est.

$151,361  ( +4.92%)   1 YR EST. FORECAST
  
  
  

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16796 Hobart Ave PROPERTY INFO

FACTS
  • Built In 1974
  • Price/Sqft : $186.15
CONSTRUCTION
  • Beds : 0
  • Floor Size : 775 sqft
  • Baths : 1 Full 1 Half

16796 Hobart Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FERNWAY PARK ELEMENTARY SCHOOL Primary Regular 499 33 7
PRAIRIE VIEW MIDDLE SCHOOL Middle Regular 680 50 9
VICTOR J ANDREW HIGH SCHOOL High Regular 2,223 144 9

FERNWAY PARK ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 33
7
GreatSchools Rating

PRAIRIE VIEW MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 680
  • # of teachers: 50
9
GreatSchools Rating

VICTOR J ANDREW HIGH SCHOOL

  • Education Level: High
  • # of students: 2,223
  • # of teachers: 144
9
GreatSchools Rating
 

Financial Details

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Neighborhood

Orland Hills

  • 7,109

    POPULATION
  • 2,221

    HOUSEHOLDS
  • 63.4%

    WHITE COLLAR

Neighborhood : Orland Hills

HOUSEHOLDS
2,221
POPULATION

7,109

28.6%Renters
71.4%Home Owners
LABOR FORCE

 

63.4%White Collar
36.6%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 $1,517 per month.

MY RENT : $1,517 MEDIAN RENT : $1,910

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.2%
>=$1,500 99.8%
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 $1,517 would therefore be considered affordable for annual household incomes greater than $60,680 (12 months x 3.333 x $1,517).

Rent % Affordability
Above $500 88.3%
Above $700 81.8%
Above $1,100 69.3%
Above $1,500 57.9%
Above $1,900 50.4%
HOUSEHOLD INCOME RANGE

Approximately 977 of households in this neighborhood have a total annual income of $60,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,517 per month.

MINIMUM INCOME RANGE : $60,680

Income % Distribution
<$20K 11.7%
$20K-$35K 9.5%
$35K-$60K 20.9%
$60K-$100K 22.8%
>=$100K 35.0%
COMMUTE TIME DISTRIBUTION

40% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 6.1%
10-14 mins 18.5%
15-19 mins 7.5%
20-29 mins 16.2%
30-44 mins 16.3%
45-59 mins 20.4%
>60 mins 15.1%
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 $1,517 per month.

MY RENT : $1,517 MEDIAN RENT : $1,910

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.2%
>=$1,500 99.8%
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 $1,517 would therefore be considered affordable for annual household incomes greater than $60,680 (12 months x 3.333 x $1,517).

Rent % Affordability
Above $500 88.3%
Above $700 81.8%
Above $1,100 69.3%
Above $1,500 57.9%
Above $1,900 50.4%
HOUSEHOLD INCOME RANGE

Approximately 977 of households in this neighborhood have a total annual income of $60,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,517 per month.

MINIMUM INCOME RANGE : $60,680

Income % Distribution
<$20K 11.7%
$20K-$35K 9.5%
$35K-$60K 20.9%
$60K-$100K 22.8%
>=$100K 35.0%
COMMUTE TIME DISTRIBUTION

40% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 6.1%
10-14 mins 18.5%
15-19 mins 7.5%
20-29 mins 16.2%
30-44 mins 16.3%
45-59 mins 20.4%
>60 mins 15.1%

Orland Hills Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.2%
Construction 7.0%
Educational Services 7.1%
Health Care & Social Assistance 18.0%
Professional & Scientific Tech Services 7.7%
Retail & Wholesale Trader 17.1%
Other 33.9%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 36% is 24 or younger and 9% is 65 or older.

Age % Distribution
<15 19.6%
15-19 9.6%
20-24 6.5%
25-44 27.2%
45-65 28.2%
66+ 8.9%
OCCUPATION

Occupation % Distribution
Construction 7.6%
Healthcare 10.4%
Management, Business, & Financial 12.3%
Natural Resources Maintenance 7.5%
Production & Transportation 14.3%
Sales & Office 28.0%
Other 19.9%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.2%
High School 28.2%
Masters Degree 10.1%
Some College 22.1%
Some High School 9.0%
Other 20.5%

16796 Hobart Ave Comps

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16796 Hobart Ave, Orland Hills, IL 60487 is a single family home of 775 sqft. HomeUnion INVESTimateĀ® for 16796 Hobart Ave includes a Price Estimate of $144,263 and a Rent Estimate of $1,517. This single family home has 0 bedrooms,2 bathrooms, and was built in 1974. This property has an estimated 15 year annualized Yield of 12.62% and Total Return of 25.10%. The estimated 1 year forecast in home value for 16796 Hobart Ave is 4.92%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , COOK County , or the 60487 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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