INVESTimate
$43,043
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206 N Elm St PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $72.62
CONSTRUCTION
- Beds : 0
- Floor Size : 1,639 sqft
- Baths : 1 Full 1 Half
206 N Elm St SCHOOLS
Financial Details
See Financial Details
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LEXINGTON
Neighborhood : LEXINGTON
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $916 per month.
MY RENT : $916 MEDIAN RENT : $903
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 $916 would therefore be considered affordable for annual household incomes greater than $36,640 (12 months x 3.333 x $916).
HOUSEHOLD INCOME RANGE
Approximately 722 of households in this neighborhood have a total annual income of $36,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $916 per month.
MINIMUM INCOME RANGE : $36,640
COMMUTE TIME DISTRIBUTION
68% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.
LEXINGTON Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 8.5% |
Educational Services | 11.0% |
Financial Industries | 14.1% |
Health Care & Social Assistance | 13.6% |
Manufacturing | 9.1% |
Retail & Wholesale Trader | 12.2% |
Other | 31.4% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 32% is 24 or younger and 17% is 65 or older.
Age | % Distribution |
---|---|
<15 | 18.8% |
15-19 | 9.4% |
20-24 | 4.1% |
25-44 | 21.0% |
45-65 | 29.5% |
66+ | 17.2% |
OCCUPATION
Occupation | % Distribution |
---|---|
Construction | 8.0% |
Healthcare | 9.5% |
Management, Business, & Financial | 22.4% |
Natural Resources Maintenance | 9.2% |
Production & Transportation | 10.4% |
Sales & Office | 23.5% |
Other | 16.9% |
HIGHEST EDUCATION LEVEL
14% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 6.2% |
High School | 34.8% |
Masters Degree | 6.4% |
Some College | 24.0% |
Some High School | 4.8% |
Other | 23.7% |
206 N Elm St Comps
206 N Elm St, Lexington, IL 61753 is a single family home of 1,639 sqft. HomeUnion INVESTimateĀ® for 206 N Elm St includes a Price Estimate of $119,030 and a Rent Estimate of $916. This single family home has 0 bedrooms,2 bathrooms, and was built in 2007. This property has an estimated 15 year annualized Yield of 9.23% and Total Return of 15.91%. The estimated 1 year forecast in home value for 206 N Elm St is 3.51%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , MCLEAN County , or the 61753 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2