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This page contains information about each property aggregated from public data sources, 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.

2155 State Route 5 Utica, NY 13502

3 Beds 2 Baths 2,984 sqft Built 1825
Last updated:  Nov 28, 2019

INVESTimate

$170,628

$153K - $188K

Price Est.

$1,556

$1.3K - $1.8K

Rent Est.

$177,573  ( +4.07%)   1 YR EST. FORECAST

2155 State Route 5 PROPERTY INFO

FACTS
  • Built In 1825
  • Price/Sqft : $57.18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,984 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
2155 State Route 5, Utica, NY 13502 is a single family home of 2,984 sqft. HomeUnion estimate for 2155 State Route 5 includes a Price Estimate of $170,628 and a Rent Estimate of $1,556. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1825. This property has an estimated 15 year annualized Yield of 10.94% and Total Return of 15.14%. The estimated 1 year forecast in home value for 2155 State Route 5 is 4.07%.
  
  
  

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2155 State Route 5 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WHITESBORO HIGH SCHOOL High Regular 1,140 71 7

WHITESBORO HIGH SCHOOL

  • Education Level: High
  • # of students: 1,140
  • # of teachers: 71
7
GreatSchools Rating
 

Financial Details

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Neighborhood

UTICA

  • 31,898

    POPULATION
  • 12,856

    HOUSEHOLDS
  • 58.2%

    WHITE COLLAR

Neighborhood : UTICA

HOUSEHOLDS
12,856
POPULATION

31,898

39.2%Renters
60.8%Home Owners
LABOR FORCE

 

58.2%White Collar
41.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 4% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,556 per month.

MY RENT : $1,556 MEDIAN RENT : $1,154

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 5.1%
$900-999 15.1%
$1,000-1,499 75.7%
>=$1,500 4.1%
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 $1,556 would therefore be considered affordable for annual household incomes greater than $62,240 (12 months x 3.333 x $1,556).

Rent % Affordability
Above $500 76.4%
Above $700 65.7%
Above $1,100 48.2%
Above $1,500 34.9%
Above $1,900 25.0%
HOUSEHOLD INCOME RANGE

Approximately 2,853 of households in this neighborhood have a total annual income of $62,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,556 per month.

MINIMUM INCOME RANGE : $62,240

Income % Distribution
<$20K 23.6%
$20K-$35K 19.6%
$35K-$60K 21.9%
$60K-$100K 20.5%
>=$100K 14.5%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 47% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 17.7%
10-14 mins 24.3%
15-19 mins 20.6%
20-29 mins 20.2%
30-44 mins 6.7%
45-59 mins 3.0%
>60 mins 2.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 4% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,556 per month.

MY RENT : $1,556 MEDIAN RENT : $1,154

Rent % Distribution
$500-699 0.0%
$700-899 5.1%
$900-999 15.1%
$1,000-1,499 75.7%
>=$1,500 4.1%
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 $1,556 would therefore be considered affordable for annual household incomes greater than $62,240 (12 months x 3.333 x $1,556).

Rent % Affordability
Above $500 76.4%
Above $700 65.7%
Above $1,100 48.2%
Above $1,500 34.9%
Above $1,900 25.0%
HOUSEHOLD INCOME RANGE

Approximately 2,853 of households in this neighborhood have a total annual income of $62,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,556 per month.

MINIMUM INCOME RANGE : $62,240

Income % Distribution
<$20K 23.6%
$20K-$35K 19.6%
$35K-$60K 21.9%
$60K-$100K 20.5%
>=$100K 14.5%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 47% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 17.7%
10-14 mins 24.3%
15-19 mins 20.6%
20-29 mins 20.2%
30-44 mins 6.7%
45-59 mins 3.0%
>60 mins 2.6%

UTICA Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.8%
Educational Services 11.5%
Financial Industries 7.0%
Health Care & Social Assistance 20.9%
Manufacturing 9.2%
Retail & Wholesale Trader 12.6%
Other 29.1%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 33% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 17.9%
15-19 8.0%
20-24 7.3%
25-44 23.6%
45-65 26.0%
66+ 17.1%
OCCUPATION

Occupation % Distribution
Construction 5.6%
Healthcare 11.5%
Management, Business, & Financial 12.4%
Natural Resources Maintenance 8.6%
Production & Transportation 12.9%
Sales & Office 25.0%
Other 24.0%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.7%
High School 30.8%
Masters Degree 6.7%
Some College 21.7%
Some High School 12.8%
Other 14.3%

2155 State Route 5 Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , HERKIMER County , or the 13502 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 13340
  2. 13501