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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

207 W 17th St Elmira Heights, NY 14903

3 Beds 2 Baths 1,400 sqft Built 1929
Last updated:  Jan 23, 2020

INVESTimate

$78,841

$71.0K - $86.7K

Price Est.

$1,425

$1.1K - $1.8K

Rent Est.

$81,466  ( +3.33%)   1 YR EST. FORECAST
  
  
  

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207 W 17th St PROPERTY INFO

FACTS
  • Built In 1929
  • Price/Sqft : $56.32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,400 sqft
  • Baths : 1 Full 1 Half

207 W 17th St SCHOOLS

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Financial Details

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Neighborhood

ELMIRA

  • 7,288

    POPULATION
  • 3,119

    HOUSEHOLDS
  • 59.0%

    WHITE COLLAR

Neighborhood : ELMIRA

HOUSEHOLDS
3,119
POPULATION

7,288

37.7%Renters
62.3%Home Owners
LABOR FORCE

 

59.0%White Collar
41.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 71% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,425 per month.

MY RENT : $1,425 MEDIAN RENT : $1,620

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.2%
$1,000-1,499 33.9%
>=$1,500 65.9%
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 $1,425 would therefore be considered affordable for annual household incomes greater than $57,000 (12 months x 3.333 x $1,425).

Rent % Affordability
Above $500 81.6%
Above $700 74.6%
Above $1,100 58.4%
Above $1,500 46.2%
Above $1,900 33.1%
HOUSEHOLD INCOME RANGE

Approximately 1,475 of households in this neighborhood have a total annual income of $57,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,425 per month.

MINIMUM INCOME RANGE : $57,000

Income % Distribution
<$20K 18.4%
$20K-$35K 13.3%
$35K-$60K 22.1%
$60K-$100K 27.0%
>=$100K 19.2%
COMMUTE TIME DISTRIBUTION

32% of the working population has a commute time of 15 to 44 minutes, 56% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.4%
5-9 mins 22.7%
10-14 mins 28.3%
15-19 mins 14.3%
20-29 mins 9.6%
30-44 mins 8.5%
45-59 mins 4.9%
>60 mins 6.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 71% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,425 per month.

MY RENT : $1,425 MEDIAN RENT : $1,620

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.2%
$1,000-1,499 33.9%
>=$1,500 65.9%
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 $1,425 would therefore be considered affordable for annual household incomes greater than $57,000 (12 months x 3.333 x $1,425).

Rent % Affordability
Above $500 81.6%
Above $700 74.6%
Above $1,100 58.4%
Above $1,500 46.2%
Above $1,900 33.1%
HOUSEHOLD INCOME RANGE

Approximately 1,475 of households in this neighborhood have a total annual income of $57,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,425 per month.

MINIMUM INCOME RANGE : $57,000

Income % Distribution
<$20K 18.4%
$20K-$35K 13.3%
$35K-$60K 22.1%
$60K-$100K 27.0%
>=$100K 19.2%
COMMUTE TIME DISTRIBUTION

32% of the working population has a commute time of 15 to 44 minutes, 56% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.4%
5-9 mins 22.7%
10-14 mins 28.3%
15-19 mins 14.3%
20-29 mins 9.6%
30-44 mins 8.5%
45-59 mins 4.9%
>60 mins 6.3%

ELMIRA Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.5%
Educational Services 10.9%
Health Care & Social Assistance 22.2%
Manufacturing 15.4%
Public Administration 4.9%
Retail & Wholesale Trader 11.7%
Other 27.5%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 29% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 19.3%
15-19 5.7%
20-24 4.0%
25-44 25.7%
45-65 27.8%
66+ 17.5%
OCCUPATION

Occupation % Distribution
Construction 5.8%
Healthcare 13.1%
Management, Business, & Financial 11.6%
Production & Transportation 17.6%
Protect 5.9%
Sales & Office 22.5%
Other 23.3%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 12.3%
High School 34.7%
Masters Degree 10.2%
Some College 18.0%
Some High School 8.1%
Other 16.7%

207 W 17th St Comps

Sorry, we do not have sufficient data available.

207 W 17th St, Elmira Heights, NY 14903 is a single family home of 1,400 sqft. HomeUnion INVESTimateĀ® for 207 W 17th St includes a Price Estimate of $78,841 and a Rent Estimate of $1,425. This single family home has 3 bedrooms,2 bathrooms, and was built in 1929. This property has an estimated 15 year annualized Yield of 21.69% and Total Return of 35.13%. The estimated 1 year forecast in home value for 207 W 17th St is 3.33%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , CHEMUNG County , or the 14903 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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