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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

2344 1050n Homer, IL 61849

0 Beds 1 Baths 1,394 sqft Built 1945
Last updated:  Oct 23, 2019

INVESTimate

$111,204

$104K - $118K

Price Est.

$1,145

$1.1K - $1.2K

Rent Est.

$113,439  ( +2.01%)   1 YR EST. FORECAST
  
  
  

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2344 1050n PROPERTY INFO

FACTS
  • Built In 1945
  • Price/Sqft : $79.77
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,394 sqft
  • Baths : 1 Full

2344 1050n SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HERITAGE JR HIGH SCHOOL Middle Regular 114 8 6
HERITAGE HIGH SCHOOL High Regular 155 15 6

HERITAGE JR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 114
  • # of teachers: 8
6
GreatSchools Rating

HERITAGE HIGH SCHOOL

  • Education Level: High
  • # of students: 155
  • # of teachers: 15
6
GreatSchools Rating
 

Financial Details

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Neighborhood

HOMER

  • 1,941

    POPULATION
  • 756

    HOUSEHOLDS
  • 53.6%

    WHITE COLLAR

Neighborhood : HOMER

HOUSEHOLDS
756
POPULATION

1,941

15.0%Renters
85.0%Home Owners
LABOR FORCE

 

53.6%White Collar
46.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 37% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,145 per month.

MY RENT : $1,145 MEDIAN RENT : $991

Rent % Distribution LEVEL
$500-699 4.4%
$700-899 29.5%
$900-999 17.0%
$1,000-1,499 43.3%
>=$1,500 5.9%
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 $1,145 would therefore be considered affordable for annual household incomes greater than $45,800 (12 months x 3.333 x $1,145).

Rent % Affordability
Above $500 91.2%
Above $700 84.7%
Above $1,100 71.1%
Above $1,500 51.7%
Above $1,900 41.0%
HOUSEHOLD INCOME RANGE

Approximately 434 of households in this neighborhood have a total annual income of $45,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,145 per month.

MINIMUM INCOME RANGE : $45,800

Income % Distribution
<$20K 8.8%
$20K-$35K 14.6%
$35K-$60K 24.9%
$60K-$100K 26.7%
>=$100K 25.1%
COMMUTE TIME DISTRIBUTION

76% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 6.4%
10-14 mins 4.1%
15-19 mins 8.1%
20-29 mins 32.6%
30-44 mins 35.3%
45-59 mins 6.5%
>60 mins 2.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 37% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,145 per month.

MY RENT : $1,145 MEDIAN RENT : $991

Rent % Distribution
$500-699 4.4%
$700-899 29.5%
$900-999 17.0%
$1,000-1,499 43.3%
>=$1,500 5.9%
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 $1,145 would therefore be considered affordable for annual household incomes greater than $45,800 (12 months x 3.333 x $1,145).

Rent % Affordability
Above $500 91.2%
Above $700 84.7%
Above $1,100 71.1%
Above $1,500 51.7%
Above $1,900 41.0%
HOUSEHOLD INCOME RANGE

Approximately 434 of households in this neighborhood have a total annual income of $45,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,145 per month.

MINIMUM INCOME RANGE : $45,800

Income % Distribution
<$20K 8.8%
$20K-$35K 14.6%
$35K-$60K 24.9%
$60K-$100K 26.7%
>=$100K 25.1%
COMMUTE TIME DISTRIBUTION

76% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 6.4%
10-14 mins 4.1%
15-19 mins 8.1%
20-29 mins 32.6%
30-44 mins 35.3%
45-59 mins 6.5%
>60 mins 2.1%

HOMER Demographics

INDUSTRY

Industry % Distribution
Educational Services 14.0%
Health Care & Social Assistance 12.7%
Manufacturing 8.7%
Public Administration 7.1%
Retail & Wholesale Trader 23.6%
Transportation 6.0%
Other 27.9%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 33% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 21.5%
15-19 5.5%
20-24 6.4%
25-44 22.2%
45-65 28.2%
66+ 16.2%
OCCUPATION

Occupation % Distribution
Healthcare 6.2%
Management, Business, & Financial 17.8%
Natural Resources Maintenance 12.9%
Production & Transportation 19.7%
Protect 6.6%
Sales & Office 22.9%
Other 13.8%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.0%
High School 39.3%
Masters Degree 6.2%
Some College 25.2%
Some High School 5.0%
Other 14.4%

2344 1050n Comps

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2344 1050n, Homer, IL 61849 is a single family home of 1,394 sqft. HomeUnion INVESTimateĀ® for 2344 1050n includes a Price Estimate of $111,204 and a Rent Estimate of $1,145. This single family home has 0 bedrooms,1 bathrooms, and was built in 1945. This property has an estimated 15 year annualized Yield of 12.36% and Total Return of 18.22%. The estimated 1 year forecast in home value for 2344 1050n is 2.01%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , CHAMPAIGN County , or the 61849 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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