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This page contains information about each property aggregated from public data sources, 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.

2045 State Route 5 Utica, NY 13502

3 Beds 2 Baths 1,416 sqft Built 1920
Last updated:  Nov 28, 2019

INVESTimate

$131,360

$118K - $145K

Price Est.

$1,185

964 - $1.4K

Rent Est.

$136,365  ( +3.81%)   1 YR EST. FORECAST

2045 State Route 5 PROPERTY INFO

FACTS
  • Built In 1920
  • Price/Sqft : $92.77
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,416 sqft
  • Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
2045 State Route 5, Utica, NY 13502 is a single family home of 1,416 sqft. HomeUnion estimate for 2045 State Route 5 includes a Price Estimate of $131,360 and a Rent Estimate of $1,185. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1920. This property has an estimated 15 year annualized Yield of 10.83% and Total Return of 15.26%. The estimated 1 year forecast in home value for 2045 State Route 5 is 3.81%.
  
  
  

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2045 State Route 5 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WHITESBORO HIGH SCHOOL High Regular 1,140 71 7

WHITESBORO HIGH SCHOOL

  • Education Level: High
  • # of students: 1,140
  • # of teachers: 71
7
GreatSchools Rating
 

Financial Details

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Neighborhood

North Utica

  • 10,174

    POPULATION
  • 4,404

    HOUSEHOLDS
  • 61.7%

    WHITE COLLAR

Neighborhood : North Utica

HOUSEHOLDS
4,404
POPULATION

10,174

21.6%Renters
78.4%Home Owners
LABOR FORCE

 

61.7%White Collar
38.3%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 $1,185 per month.

MY RENT : $1,185 MEDIAN RENT : $1,168

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 8.8%
$900-999 6.9%
$1,000-1,499 75.5%
>=$1,500 8.9%
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 $1,185 would therefore be considered affordable for annual household incomes greater than $47,400 (12 months x 3.333 x $1,185).

Rent % Affordability
Above $500 87.0%
Above $700 75.0%
Above $1,100 58.2%
Above $1,500 43.2%
Above $1,900 27.6%
HOUSEHOLD INCOME RANGE

Approximately 2,112 of households in this neighborhood have a total annual income of $47,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,185 per month.

MINIMUM INCOME RANGE : $47,400

Income % Distribution
<$20K 13.0%
$20K-$35K 21.2%
$35K-$60K 22.6%
$60K-$100K 27.6%
>=$100K 15.6%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.2%
5-9 mins 9.5%
10-14 mins 26.3%
15-19 mins 23.1%
20-29 mins 22.4%
30-44 mins 6.6%
45-59 mins 2.2%
>60 mins 4.8%
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 $1,185 per month.

MY RENT : $1,185 MEDIAN RENT : $1,168

Rent % Distribution
$500-699 0.0%
$700-899 8.8%
$900-999 6.9%
$1,000-1,499 75.5%
>=$1,500 8.9%
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 $1,185 would therefore be considered affordable for annual household incomes greater than $47,400 (12 months x 3.333 x $1,185).

Rent % Affordability
Above $500 87.0%
Above $700 75.0%
Above $1,100 58.2%
Above $1,500 43.2%
Above $1,900 27.6%
HOUSEHOLD INCOME RANGE

Approximately 2,112 of households in this neighborhood have a total annual income of $47,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,185 per month.

MINIMUM INCOME RANGE : $47,400

Income % Distribution
<$20K 13.0%
$20K-$35K 21.2%
$35K-$60K 22.6%
$60K-$100K 27.6%
>=$100K 15.6%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.2%
5-9 mins 9.5%
10-14 mins 26.3%
15-19 mins 23.1%
20-29 mins 22.4%
30-44 mins 6.6%
45-59 mins 2.2%
>60 mins 4.8%

North Utica Demographics

INDUSTRY

Industry % Distribution
Educational Services 13.4%
Financial Industries 8.4%
Health Care & Social Assistance 23.7%
Manufacturing 6.0%
Public Administration 8.1%
Retail & Wholesale Trader 12.7%
Other 27.7%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 26% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 14.9%
15-19 4.5%
20-24 7.1%
25-44 21.1%
45-65 31.0%
66+ 21.5%
OCCUPATION

Occupation % Distribution
Construction 7.5%
Healthcare 13.9%
Management, Business, & Financial 17.4%
Production & Transportation 10.1%
Protect 9.8%
Sales & Office 22.0%
Other 19.2%
HIGHEST EDUCATION LEVEL

27% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 18.0%
High School 27.6%
Masters Degree 7.9%
Some College 22.1%
Some High School 8.0%
Other 16.3%

2045 State Route 5 Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , HERKIMER County , or the 13502 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 13340
  2. 13501