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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

1875 Illinois Route 84 Thomson, IL 61285

2 Beds 0 Baths 1,367 sqft Built 1949
Last updated:  Dec 26, 2019

INVESTimate

$80,886

$70.5K - $91.2K

Price Est.

$1,214

$1.0K - $1.4K

Rent Est.

$79,657  ( -1.52%)   1 YR EST. FORECAST
  
  
  

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1875 Illinois Route 84 PROPERTY INFO

FACTS
  • Built In 1949
  • Price/Sqft : $59.17
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,367 sqft
  • Baths : 0 Full

1875 Illinois Route 84 SCHOOLS

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Financial Details

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Neighborhood

THOMSON

  • 1,533

    POPULATION
  • 704

    HOUSEHOLDS
  • 50.3%

    WHITE COLLAR

Neighborhood : THOMSON

HOUSEHOLDS
704
POPULATION

1,533

23.2%Renters
76.8%Home Owners
LABOR FORCE

 

50.3%White Collar
49.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 56% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,214 per month.

MY RENT : $1,214 MEDIAN RENT : $1,211

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.8%
$900-999 3.2%
$1,000-1,499 93.0%
>=$1,500 2.9%
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 $1,214 would therefore be considered affordable for annual household incomes greater than $48,560 (12 months x 3.333 x $1,214).

Rent % Affordability
Above $500 83.4%
Above $700 74.1%
Above $1,100 61.9%
Above $1,500 47.9%
Above $1,900 31.9%
HOUSEHOLD INCOME RANGE

Approximately 363 of households in this neighborhood have a total annual income of $48,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,214 per month.

MINIMUM INCOME RANGE : $48,560

Income % Distribution
<$20K 16.6%
$20K-$35K 14.7%
$35K-$60K 20.9%
$60K-$100K 28.6%
>=$100K 19.3%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.1%
5-9 mins 11.4%
10-14 mins 13.3%
15-19 mins 13.7%
20-29 mins 16.4%
30-44 mins 20.8%
45-59 mins 8.3%
>60 mins 11.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 56% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,214 per month.

MY RENT : $1,214 MEDIAN RENT : $1,211

Rent % Distribution
$500-699 0.0%
$700-899 0.8%
$900-999 3.2%
$1,000-1,499 93.0%
>=$1,500 2.9%
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 $1,214 would therefore be considered affordable for annual household incomes greater than $48,560 (12 months x 3.333 x $1,214).

Rent % Affordability
Above $500 83.4%
Above $700 74.1%
Above $1,100 61.9%
Above $1,500 47.9%
Above $1,900 31.9%
HOUSEHOLD INCOME RANGE

Approximately 363 of households in this neighborhood have a total annual income of $48,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,214 per month.

MINIMUM INCOME RANGE : $48,560

Income % Distribution
<$20K 16.6%
$20K-$35K 14.7%
$35K-$60K 20.9%
$60K-$100K 28.6%
>=$100K 19.3%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.1%
5-9 mins 11.4%
10-14 mins 13.3%
15-19 mins 13.7%
20-29 mins 16.4%
30-44 mins 20.8%
45-59 mins 8.3%
>60 mins 11.0%

THOMSON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 8.9%
Construction 7.3%
Health Care & Social Assistance 10.5%
Manufacturing 22.2%
Retail & Wholesale Trader 13.9%
Transportation 7.4%
Other 29.8%
AGE DISTRIBUTION

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

Age % Distribution
<15 13.8%
15-19 5.7%
20-24 5.7%
25-44 20.7%
45-65 30.1%
66+ 23.8%
OCCUPATION

Occupation % Distribution
Healthcare 5.3%
Management, Business, & Financial 20.1%
Natural Resources Maintenance 10.7%
PCare 3.4%
Production & Transportation 32.3%
Sales & Office 18.4%
Other 9.8%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.0%
High School 44.6%
Masters Degree 3.7%
Some College 19.9%
Some High School 11.1%
Other 9.6%

1875 Illinois Route 84 Comps

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1875 Illinois Route 84, Thomson, IL 61285 is a single family home of 1,367 sqft. HomeUnion INVESTimateĀ® for 1875 Illinois Route 84 includes a Price Estimate of $80,886 and a Rent Estimate of $1,214. This single family home has 2 bedrooms,0 bathrooms, and was built in 1949. This property has an estimated 15 year annualized Yield of 18.01% and Total Return of 25.00%. The estimated 1 year forecast in home value for 1875 Illinois Route 84 is -1.52%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , CARROLL County , or the 61285 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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