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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

1970 Mill Rd West Falls, NY 14170

4 Beds 3 Baths 3,410 sqft Built 1970
Last updated:  Oct 23, 2019

INVESTimate

$408,241

$385K - $431K

Price Est.

$3,050

$2.7K - $3.4K

Rent Est.

$440,451  ( +7.89%)   1 YR EST. FORECAST
  
  
  

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1970 Mill Rd PROPERTY INFO

FACTS
  • Built In 1970
  • Price/Sqft : $119.72
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,410 sqft
  • Baths : 2 Full 1 Half

1970 Mill Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PARKDALE ELEMENTARY SCHOOL Primary Regular 629 41 8
EAST AURORA HIGH SCHOOL High Regular 668 46 10

PARKDALE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 41
8
GreatSchools Rating

EAST AURORA HIGH SCHOOL

  • Education Level: High
  • # of students: 668
  • # of teachers: 46
10
GreatSchools Rating
 

Financial Details

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Neighborhood

WEST FALLS

  • 2,281

    POPULATION
  • 878

    HOUSEHOLDS
  • 69.2%

    WHITE COLLAR

Neighborhood : WEST FALLS

HOUSEHOLDS
878
POPULATION

2,281

16.6%Renters
83.4%Home Owners
LABOR FORCE

 

69.2%White Collar
30.8%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 $3,050 per month.

MY RENT : $3,050 MEDIAN RENT : $2,202

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.1%
>=$1,500 99.9%
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 $3,050 would therefore be considered affordable for annual household incomes greater than $122,000 (12 months x 3.333 x $3,050).

Rent % Affordability
Above $500 88.8%
Above $700 83.6%
Above $1,100 72.7%
Above $1,500 59.4%
Above $1,900 48.2%
HOUSEHOLD INCOME RANGE

Approximately 161 of households in this neighborhood have a total annual income of $122,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,050 per month.

MINIMUM INCOME RANGE : $122,000

Income % Distribution
<$20K 11.2%
$20K-$35K 10.0%
$35K-$60K 19.4%
$60K-$100K 23.4%
>=$100K 36.0%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 4.0%
10-14 mins 11.8%
15-19 mins 8.4%
20-29 mins 31.9%
30-44 mins 30.8%
45-59 mins 7.2%
>60 mins 4.5%
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 $3,050 per month.

MY RENT : $3,050 MEDIAN RENT : $2,202

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.1%
>=$1,500 99.9%
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 $3,050 would therefore be considered affordable for annual household incomes greater than $122,000 (12 months x 3.333 x $3,050).

Rent % Affordability
Above $500 88.8%
Above $700 83.6%
Above $1,100 72.7%
Above $1,500 59.4%
Above $1,900 48.2%
HOUSEHOLD INCOME RANGE

Approximately 161 of households in this neighborhood have a total annual income of $122,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,050 per month.

MINIMUM INCOME RANGE : $122,000

Income % Distribution
<$20K 11.2%
$20K-$35K 10.0%
$35K-$60K 19.4%
$60K-$100K 23.4%
>=$100K 36.0%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 4.0%
10-14 mins 11.8%
15-19 mins 8.4%
20-29 mins 31.9%
30-44 mins 30.8%
45-59 mins 7.2%
>60 mins 4.5%

WEST FALLS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.5%
Construction 7.9%
Educational Services 7.8%
Health Care & Social Assistance 15.1%
Manufacturing 11.1%
Retail & Wholesale Trader 9.6%
Other 39.1%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 31% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 19.7%
15-19 7.1%
20-24 4.5%
25-44 21.4%
45-65 34.5%
66+ 12.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.1%
Healthcare 17.2%
Management, Business, & Financial 17.5%
Natural Resources Maintenance 12.2%
Production & Transportation 10.2%
Sales & Office 19.7%
Other 14.2%
HIGHEST EDUCATION LEVEL

29% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 14.2%
High School 26.5%
Masters Degree 9.7%
Some College 19.7%
Some High School 6.1%
Other 23.9%

1970 Mill Rd Comps

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1970 Mill Rd, West Falls, NY 14170 is a single family home of 3,410 sqft. HomeUnion INVESTimateĀ® for 1970 Mill Rd includes a Price Estimate of $408,241 and a Rent Estimate of $3,050. This single family home has 4 bedrooms,3 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 8.97% and Total Return of 16.40%. The estimated 1 year forecast in home value for 1970 Mill Rd is 7.89%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , ERIE County , or the 14170 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 14052
  2. 14127