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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

209 Palmetto St Lake City, SC 29560

3 Beds 4 Baths 2,522 sqft Built 1958
Last updated:  Oct 23, 2019

INVESTimate

$163,334

$156K - $170K

Price Est.

$1,426

$1.3K - $1.5K

Rent Est.

$170,325  ( +4.28%)   1 YR EST. FORECAST
  
  
  

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209 Palmetto St PROPERTY INFO

FACTS
  • Built In 1958
  • Price/Sqft : $64.76
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,522 sqft
  • Baths : 3 Full 1 Half

209 Palmetto St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAKE CITY HIGH SCHOOL High Regular 832 65 2

LAKE CITY HIGH SCHOOL

  • Education Level: High
  • # of students: 832
  • # of teachers: 65
2
GreatSchools Rating
 

Financial Details

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Neighborhood

LAKE CITY

  • 13,191

    POPULATION
  • 4,936

    HOUSEHOLDS
  • 51.2%

    WHITE COLLAR

Neighborhood : LAKE CITY

HOUSEHOLDS
4,936
POPULATION

13,191

38.4%Renters
61.6%Home Owners
LABOR FORCE

 

51.2%White Collar
48.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 10% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,426 per month.

MY RENT : $1,426 MEDIAN RENT : $859

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 57.8%
$900-999 9.1%
$1,000-1,499 27.0%
>=$1,500 6.1%
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 $1,426 would therefore be considered affordable for annual household incomes greater than $57,040 (12 months x 3.333 x $1,426).

Rent % Affordability
Above $500 69.0%
Above $700 55.8%
Above $1,100 38.0%
Above $1,500 24.8%
Above $1,900 15.6%
HOUSEHOLD INCOME RANGE

Approximately 1,276 of households in this neighborhood have a total annual income of $57,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,426 per month.

MINIMUM INCOME RANGE : $57,040

Income % Distribution
<$20K 31.0%
$20K-$35K 22.1%
$35K-$60K 22.1%
$60K-$100K 15.9%
>=$100K 8.8%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 14.8%
10-14 mins 18.3%
15-19 mins 15.7%
20-29 mins 11.3%
30-44 mins 19.8%
45-59 mins 8.6%
>60 mins 9.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 10% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,426 per month.

MY RENT : $1,426 MEDIAN RENT : $859

Rent % Distribution
$500-699 0.0%
$700-899 57.8%
$900-999 9.1%
$1,000-1,499 27.0%
>=$1,500 6.1%
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 $1,426 would therefore be considered affordable for annual household incomes greater than $57,040 (12 months x 3.333 x $1,426).

Rent % Affordability
Above $500 69.0%
Above $700 55.8%
Above $1,100 38.0%
Above $1,500 24.8%
Above $1,900 15.6%
HOUSEHOLD INCOME RANGE

Approximately 1,276 of households in this neighborhood have a total annual income of $57,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,426 per month.

MINIMUM INCOME RANGE : $57,040

Income % Distribution
<$20K 31.0%
$20K-$35K 22.1%
$35K-$60K 22.1%
$60K-$100K 15.9%
>=$100K 8.8%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 14.8%
10-14 mins 18.3%
15-19 mins 15.7%
20-29 mins 11.3%
30-44 mins 19.8%
45-59 mins 8.6%
>60 mins 9.8%

LAKE CITY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.7%
Construction 6.3%
Educational Services 12.5%
Health Care & Social Assistance 15.2%
Manufacturing 13.6%
Retail & Wholesale Trader 16.5%
Other 25.2%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 33% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 22.7%
15-19 5.2%
20-24 5.0%
25-44 25.3%
45-65 23.8%
66+ 17.9%
OCCUPATION

Occupation % Distribution
Construction 10.0%
Healthcare 10.6%
Management, Business, & Financial 8.6%
Natural Resources Maintenance 12.2%
Production & Transportation 18.6%
Sales & Office 22.2%
Other 17.8%
HIGHEST EDUCATION LEVEL

13% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.3%
High School 32.4%
Masters Degree 5.2%
Some College 17.7%
Some High School 26.1%
Other 11.2%

209 Palmetto St Comps

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209 Palmetto St, Lake City, SC 29560 is a single family home of 2,522 sqft. HomeUnion INVESTimateĀ® for 209 Palmetto St includes a Price Estimate of $163,334 and a Rent Estimate of $1,426. This single family home has 3 bedrooms,4 bathrooms, and was built in 1958. This property has an estimated 15 year annualized Yield of 10.48% and Total Return of 22.00%. The estimated 1 year forecast in home value for 209 Palmetto St is 4.28%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in SC , FLORENCE County , or the 29560 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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