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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

205 Somerset St Vail, IA 51465

2 Beds 2 Baths 1,395 sqft Built 1910
Last updated:  Jan 23, 2020

INVESTimate

$62,215

$54.3K - $70.1K

Price Est.

$681

595 - 767

Rent Est.

$61,848  ( -0.59%)   1 YR EST. FORECAST
  
  
  

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205 Somerset St PROPERTY INFO

FACTS
  • Built In 1910
  • Price/Sqft : $44.60
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,395 sqft
  • Baths : 1 Full 1 Half

205 Somerset St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ARCADIA ELEMENTARY SCHOOL Primary Regular 49 5 NA
WESTSIDE JUNIOR-SENIOR HIGH SCHOOL Middle Regular 134 14 9
WESTSIDE JUNIOR-SENIOR HIGH SCHOOL High Regular 134 14 9

ARCADIA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 49
  • # of teachers: 5
0
GreatSchools Rating

WESTSIDE JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 134
  • # of teachers: 14
9
GreatSchools Rating

WESTSIDE JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 134
  • # of teachers: 14
9
GreatSchools Rating
 

Financial Details

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Neighborhood

VAIL

  • 765

    POPULATION
  • 328

    HOUSEHOLDS
  • 49.1%

    WHITE COLLAR

Neighborhood : VAIL

HOUSEHOLDS
328
POPULATION

765

13.0%Renters
87.0%Home Owners
LABOR FORCE

 

49.1%White Collar
50.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 57% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $681 per month.

MY RENT : $681 MEDIAN RENT : $712

Rent % Distribution LEVEL
$500-699 47.3%
$700-899 28.4%
$900-999 6.4%
$1,000-1,499 17.2%
>=$1,500 0.7%
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 $681 would therefore be considered affordable for annual household incomes greater than $27,240 (12 months x 3.333 x $681).

Rent % Affordability
Above $500 85.0%
Above $700 76.1%
Above $1,100 58.2%
Above $1,500 42.6%
Above $1,900 30.7%
HOUSEHOLD INCOME RANGE

Approximately 672 of households in this neighborhood have a total annual income of $27,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $681 per month.

MINIMUM INCOME RANGE : $27,240

Income % Distribution
<$20K 15.0%
$20K-$35K 14.7%
$35K-$60K 27.6%
$60K-$100K 25.5%
>=$100K 17.2%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.5%
5-9 mins 10.6%
10-14 mins 12.3%
15-19 mins 15.0%
20-29 mins 31.5%
30-44 mins 13.4%
45-59 mins 1.9%
>60 mins 2.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 57% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $681 per month.

MY RENT : $681 MEDIAN RENT : $712

Rent % Distribution
$500-699 47.3%
$700-899 28.4%
$900-999 6.4%
$1,000-1,499 17.2%
>=$1,500 0.7%
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 $681 would therefore be considered affordable for annual household incomes greater than $27,240 (12 months x 3.333 x $681).

Rent % Affordability
Above $500 85.0%
Above $700 76.1%
Above $1,100 58.2%
Above $1,500 42.6%
Above $1,900 30.7%
HOUSEHOLD INCOME RANGE

Approximately 672 of households in this neighborhood have a total annual income of $27,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $681 per month.

MINIMUM INCOME RANGE : $27,240

Income % Distribution
<$20K 15.0%
$20K-$35K 14.7%
$35K-$60K 27.6%
$60K-$100K 25.5%
>=$100K 17.2%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.5%
5-9 mins 10.6%
10-14 mins 12.3%
15-19 mins 15.0%
20-29 mins 31.5%
30-44 mins 13.4%
45-59 mins 1.9%
>60 mins 2.8%

VAIL Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 12.9%
Educational Services 7.8%
Financial Industries 7.0%
Health Care & Social Assistance 13.7%
Manufacturing 22.0%
Retail & Wholesale Trader 14.7%
Other 22.0%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 29% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 20.0%
15-19 4.2%
20-24 4.6%
25-44 19.0%
45-65 31.9%
66+ 20.4%
OCCUPATION

Occupation % Distribution
Construction 5.6%
Healthcare 7.8%
Management, Business, & Financial 17.0%
Natural Resources Maintenance 18.0%
Production & Transportation 25.2%
Sales & Office 18.0%
Other 8.5%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.1%
High School 45.7%
Masters Degree 1.7%
Some College 22.2%
Some High School 9.9%
Other 10.4%

205 Somerset St Comps

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205 Somerset St, Vail, IA 51465 is a single family home of 1,395 sqft. HomeUnion INVESTimateĀ® for 205 Somerset St includes a Price Estimate of $62,215 and a Rent Estimate of $681. This single family home has 2 bedrooms,2 bathrooms, and was built in 1910. This property has an estimated 15 year annualized Yield of 13.14% and Total Return of 15.87%. The estimated 1 year forecast in home value for 205 Somerset St is -0.59%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , CRAWFORD County , or the 51465 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 51467