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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

21364 40th St Martelle, IA 52305

3 Beds 2 Baths 3,264 sqft Built 1900
Last updated:  Jan 23, 2020

INVESTimate

$312,009

$261K - $363K

Price Est.

$801

700 - 902

Rent Est.

$319,497  ( +2.4%)   1 YR EST. FORECAST
  
  
  

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21364 40th St PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $95.59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,264 sqft
  • Baths : 2 Full

21364 40th St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
STRAWBERRY HILL Primary Regular 579 40 4
ANAMOSA MIDDLE SCHOOL Middle Regular 270 23 5
ANAMOSA HIGH SCHOOL High Regular 422 34 2

STRAWBERRY HILL

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 40
4
GreatSchools Rating

ANAMOSA MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 270
  • # of teachers: 23
5
GreatSchools Rating

ANAMOSA HIGH SCHOOL

  • Education Level: High
  • # of students: 422
  • # of teachers: 34
2
GreatSchools Rating
 

Financial Details

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Neighborhood

MARTELLE

  • 731

    POPULATION
  • 293

    HOUSEHOLDS
  • 62.1%

    WHITE COLLAR

Neighborhood : MARTELLE

HOUSEHOLDS
293
POPULATION

731

18.0%Renters
82.0%Home Owners
LABOR FORCE

 

62.1%White Collar
37.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 38% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $801 per month.

MY RENT : $801 MEDIAN RENT : $760

Rent % Distribution LEVEL
$500-699 29.2%
$700-899 65.2%
$900-999 0.4%
$1,000-1,499 4.3%
>=$1,500 0.9%
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 $801 would therefore be considered affordable for annual household incomes greater than $32,040 (12 months x 3.333 x $801).

Rent % Affordability
Above $500 92.2%
Above $700 83.1%
Above $1,100 56.1%
Above $1,500 45.7%
Above $1,900 40.1%
HOUSEHOLD INCOME RANGE

Approximately 804 of households in this neighborhood have a total annual income of $32,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $801 per month.

MINIMUM INCOME RANGE : $32,040

Income % Distribution
<$20K 7.8%
$20K-$35K 22.5%
$35K-$60K 23.9%
$60K-$100K 25.3%
>=$100K 20.5%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.1%
5-9 mins 16.2%
10-14 mins 14.5%
15-19 mins 8.8%
20-29 mins 8.8%
30-44 mins 29.9%
45-59 mins 9.1%
>60 mins 9.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 38% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $801 per month.

MY RENT : $801 MEDIAN RENT : $760

Rent % Distribution
$500-699 29.2%
$700-899 65.2%
$900-999 0.4%
$1,000-1,499 4.3%
>=$1,500 0.9%
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 $801 would therefore be considered affordable for annual household incomes greater than $32,040 (12 months x 3.333 x $801).

Rent % Affordability
Above $500 92.2%
Above $700 83.1%
Above $1,100 56.1%
Above $1,500 45.7%
Above $1,900 40.1%
HOUSEHOLD INCOME RANGE

Approximately 804 of households in this neighborhood have a total annual income of $32,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $801 per month.

MINIMUM INCOME RANGE : $32,040

Income % Distribution
<$20K 7.8%
$20K-$35K 22.5%
$35K-$60K 23.9%
$60K-$100K 25.3%
>=$100K 20.5%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.1%
5-9 mins 16.2%
10-14 mins 14.5%
15-19 mins 8.8%
20-29 mins 8.8%
30-44 mins 29.9%
45-59 mins 9.1%
>60 mins 9.4%

MARTELLE Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 14.5%
Educational Services 9.9%
Health Care & Social Assistance 10.7%
Manufacturing 21.7%
Real Estate 8.1%
Retail & Wholesale Trader 13.3%
Other 21.7%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 35% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 27.6%
15-19 4.7%
20-24 3.0%
25-44 23.8%
45-65 26.8%
66+ 14.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.1%
Construction 10.8%
Management, Business, & Financial 24.9%
Natural Resources Maintenance 14.1%
Production & Transportation 23.8%
Sales & Office 12.3%
Other 7.9%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.5%
High School 37.8%
Masters Degree 14.2%
Some College 25.7%
Some High School 2.7%
Other 12.1%

21364 40th St Comps

Sorry, we do not have sufficient data available.

21364 40th St, Martelle, IA 52305 is a single family home of 3,264 sqft. HomeUnion INVESTimateĀ® for 21364 40th St includes a Price Estimate of $312,009 and a Rent Estimate of $801. This single family home has 3 bedrooms,2 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 3.08% and Total Return of 5.06%. The estimated 1 year forecast in home value for 21364 40th St is 2.4%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , JONES County , or the 52305 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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