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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

2398 Massachusetts Ave Butte, MT 59701

4 Beds 1 Baths 1,623 sqft Built 1920
Last updated:  Jan 23, 2020

INVESTimate

$152,323

$136K - $169K

Price Est.

$1,164

$1.0K - $1.3K

Rent Est.

$152,323  ( 0%)   1 YR EST. FORECAST
  
  
  

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2398 Massachusetts Ave PROPERTY INFO

FACTS
  • Built In 1920
  • Price/Sqft : $93.85
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,623 sqft
  • Baths : 1 Full

2398 Massachusetts Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WHITTIER SCHOOL Primary Regular 423 23 6
WHITTIER SCHOOL Middle Regular 423 23 6
BUTTE HIGH SCHOOL High Regular 1,300 83 5

WHITTIER SCHOOL

  • Education Level: Primary
  • # of students: 423
  • # of teachers: 23
6
GreatSchools Rating

WHITTIER SCHOOL

  • Education Level: Middle
  • # of students: 423
  • # of teachers: 23
6
GreatSchools Rating

BUTTE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,300
  • # of teachers: 83
5
GreatSchools Rating
 

Financial Details

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Neighborhood

Butte

  • 33,985

    POPULATION
  • 14,889

    HOUSEHOLDS
  • 62.0%

    WHITE COLLAR

Neighborhood : Butte

HOUSEHOLDS
14,889
POPULATION

33,985

35.9%Renters
64.1%Home Owners
LABOR FORCE

 

62.0%White Collar
38.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,164 per month.

MY RENT : $1,164 MEDIAN RENT : $1,002

Rent % Distribution LEVEL
$500-699 4.9%
$700-899 27.2%
$900-999 17.5%
$1,000-1,499 50.1%
>=$1,500 0.2%
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 $1,164 would therefore be considered affordable for annual household incomes greater than $46,560 (12 months x 3.333 x $1,164).

Rent % Affordability
Above $500 72.4%
Above $700 62.6%
Above $1,100 44.0%
Above $1,500 30.7%
Above $1,900 22.7%
HOUSEHOLD INCOME RANGE

Approximately 5,304 of households in this neighborhood have a total annual income of $46,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,164 per month.

MINIMUM INCOME RANGE : $46,560

Income % Distribution
<$20K 27.6%
$20K-$35K 19.8%
$35K-$60K 21.9%
$60K-$100K 17.2%
>=$100K 13.5%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 58% 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 6.1%
5-9 mins 22.1%
10-14 mins 30.3%
15-19 mins 20.3%
20-29 mins 9.9%
30-44 mins 5.8%
45-59 mins 2.4%
>60 mins 3.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,164 per month.

MY RENT : $1,164 MEDIAN RENT : $1,002

Rent % Distribution
$500-699 4.9%
$700-899 27.2%
$900-999 17.5%
$1,000-1,499 50.1%
>=$1,500 0.2%
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 $1,164 would therefore be considered affordable for annual household incomes greater than $46,560 (12 months x 3.333 x $1,164).

Rent % Affordability
Above $500 72.4%
Above $700 62.6%
Above $1,100 44.0%
Above $1,500 30.7%
Above $1,900 22.7%
HOUSEHOLD INCOME RANGE

Approximately 5,304 of households in this neighborhood have a total annual income of $46,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,164 per month.

MINIMUM INCOME RANGE : $46,560

Income % Distribution
<$20K 27.6%
$20K-$35K 19.8%
$35K-$60K 21.9%
$60K-$100K 17.2%
>=$100K 13.5%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 58% 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 6.1%
5-9 mins 22.1%
10-14 mins 30.3%
15-19 mins 20.3%
20-29 mins 9.9%
30-44 mins 5.8%
45-59 mins 2.4%
>60 mins 3.1%

Butte Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.1%
Educational Services 7.4%
Health Care & Social Assistance 20.0%
Public Administration 6.9%
Retail & Wholesale Trader 16.8%
Transportation 7.1%
Other 30.7%
AGE DISTRIBUTION

51% 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 17.0%
15-19 6.6%
20-24 9.0%
25-44 22.2%
45-65 28.5%
66+ 16.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.5%
Healthcare 13.4%
Management, Business, & Financial 16.0%
Natural Resources Maintenance 11.1%
Production & Transportation 10.7%
Sales & Office 21.8%
Other 21.4%
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 9.1%
High School 34.8%
Masters Degree 5.4%
Some College 22.2%
Some High School 9.2%
Other 19.3%

2398 Massachusetts Ave Comps

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2398 Massachusetts Ave, Butte, MT 59701 is a single family home of 1,623 sqft. HomeUnion INVESTimateĀ® for 2398 Massachusetts Ave includes a Price Estimate of $152,323 and a Rent Estimate of $1,164. This single family home has 4 bedrooms,1 bathrooms, and was built in 1920. This property has an estimated 15 year annualized Yield of 9.17% and Total Return of 12.86%. The estimated 1 year forecast in home value for 2398 Massachusetts Ave is 0%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MT , SILVER BOW County , or the 59701 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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