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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 Road 4 Lagrange, WY 82221

2 Beds 2 Baths 2,696 sqft Built 1920
Last updated:  Jan 23, 2020

INVESTimate

$193,841

$178K - $210K

Price Est.

$1,039

904 - $1.2K

Rent Est.

$193,841  ( 0%)   1 YR EST. FORECAST
  
  
  

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2398 Road 4 PROPERTY INFO

FACTS
  • Built In 1920
  • Price/Sqft : $71.90
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,696 sqft
  • Baths : 2 Full

2398 Road 4 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SOUTHEAST JUNIOR HIGH-HIGH SCHOOL Middle Regular 53 5 NA

SOUTHEAST JUNIOR HIGH-HIGH SCHOOL

  • Education Level: Middle
  • # of students: 53
  • # of teachers: 5
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

LAGRANGE

  • 526

    POPULATION
  • 180

    HOUSEHOLDS
  • 62.0%

    WHITE COLLAR

Neighborhood : LAGRANGE

HOUSEHOLDS
180
POPULATION

526

24.7%Renters
75.3%Home Owners
LABOR FORCE

 

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

Approximately 31% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,039 per month.

MY RENT : $1,039 MEDIAN RENT : $811

Rent % Distribution LEVEL
$500-699 18.6%
$700-899 42.4%
$900-999 6.2%
$1,000-1,499 24.3%
>=$1,500 8.5%
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 $1,039 would therefore be considered affordable for annual household incomes greater than $41,560 (12 months x 3.333 x $1,039).

Rent % Affordability
Above $500 85.0%
Above $700 72.0%
Above $1,100 60.1%
Above $1,500 42.2%
Above $1,900 34.0%
HOUSEHOLD INCOME RANGE

Approximately 89 of households in this neighborhood have a total annual income of $41,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,039 per month.

MINIMUM INCOME RANGE : $41,560

Income % Distribution
<$20K 15.0%
$20K-$35K 18.9%
$35K-$60K 23.9%
$60K-$100K 18.9%
>=$100K 23.3%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 27.7%
5-9 mins 4.9%
10-14 mins 6.2%
15-19 mins 4.0%
20-29 mins 30.4%
30-44 mins 17.0%
45-59 mins 5.4%
>60 mins 4.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 31% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,039 per month.

MY RENT : $1,039 MEDIAN RENT : $811

Rent % Distribution
$500-699 18.6%
$700-899 42.4%
$900-999 6.2%
$1,000-1,499 24.3%
>=$1,500 8.5%
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 $1,039 would therefore be considered affordable for annual household incomes greater than $41,560 (12 months x 3.333 x $1,039).

Rent % Affordability
Above $500 85.0%
Above $700 72.0%
Above $1,100 60.1%
Above $1,500 42.2%
Above $1,900 34.0%
HOUSEHOLD INCOME RANGE

Approximately 89 of households in this neighborhood have a total annual income of $41,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,039 per month.

MINIMUM INCOME RANGE : $41,560

Income % Distribution
<$20K 15.0%
$20K-$35K 18.9%
$35K-$60K 23.9%
$60K-$100K 18.9%
>=$100K 23.3%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 27.7%
5-9 mins 4.9%
10-14 mins 6.2%
15-19 mins 4.0%
20-29 mins 30.4%
30-44 mins 17.0%
45-59 mins 5.4%
>60 mins 4.5%

LAGRANGE Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 26.4%
Educational Services 15.0%
Health Care & Social Assistance 8.8%
Professional & Scientific Tech Services 5.9%
Retail & Wholesale Trader 8.1%
Transportation 17.2%
Other 18.7%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 30% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 9.7%
15-19 14.4%
20-24 6.3%
25-44 15.6%
45-65 37.5%
66+ 16.5%
OCCUPATION

Occupation % Distribution
Clean 3.0%
Construction 11.2%
Management, Business, & Financial 34.0%
Natural Resources Maintenance 15.2%
Production & Transportation 25.9%
Sales & Office 5.1%
Other 5.6%
HIGHEST EDUCATION LEVEL

19% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.2%
High School 25.5%
Masters Degree 3.7%
Some College 32.3%
Some High School 4.8%
Other 22.4%

2398 Road 4 Comps

Sorry, we do not have sufficient data available.

2398 Road 4, Lagrange, WY 82221 is a single family home of 2,696 sqft. HomeUnion INVESTimateĀ® for 2398 Road 4 includes a Price Estimate of $193,841 and a Rent Estimate of $1,039. This single family home has 2 bedrooms,2 bathrooms, and was built in 1920. This property has an estimated 15 year annualized Yield of 6.43% and Total Return of 11.11%. The estimated 1 year forecast in home value for 2398 Road 4 is 0%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in WY , GOSHEN County , or the 82221 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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