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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

241 N 5th Ave E Hartley, IA 51346

2 Beds 2 Baths 1,008 sqft Built 1984
Last updated:  Jan 23, 2020

INVESTimate

$58,644

$53.7K - $63.6K

Price Est.

$618

540 - 696

Rent Est.

$61,072  ( +4.14%)   1 YR EST. FORECAST
  
  
  

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241 N 5th Ave E PROPERTY INFO

FACTS
  • Built In 1984
  • Price/Sqft : $58.18
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,008 sqft
  • Baths : 1 Full 1 Half

241 N 5th Ave E SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HARTLEY-MELVIN-SANBORN ELEMENTARY SCHOOL Primary Regular 243 20 6
HARTLEY-MELVIN-SANBORN MIDDLE SCHOOL Middle Regular 184 13 5
HARTLEY-MELVIN-SANBORN HIGH SCHOOL High Regular 219 16 7

HARTLEY-MELVIN-SANBORN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 243
  • # of teachers: 20
6
GreatSchools Rating

HARTLEY-MELVIN-SANBORN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 184
  • # of teachers: 13
5
GreatSchools Rating

HARTLEY-MELVIN-SANBORN HIGH SCHOOL

  • Education Level: High
  • # of students: 219
  • # of teachers: 16
7
GreatSchools Rating
 

Financial Details

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Neighborhood

HARTLEY

  • 2,472

    POPULATION
  • 1,075

    HOUSEHOLDS
  • 45.8%

    WHITE COLLAR

Neighborhood : HARTLEY

HOUSEHOLDS
1,075
POPULATION

2,472

21.6%Renters
78.4%Home Owners
LABOR FORCE

 

45.8%White Collar
54.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $618 per month.

MY RENT : $618 MEDIAN RENT : $736

Rent % Distribution LEVEL
$400-699 41.0%
$700-899 35.9%
$900-999 10.9%
$1,000-1,499 11.5%
>=$1,500 0.7%
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 $618 would therefore be considered affordable for annual household incomes greater than $24,720 (12 months x 3.333 x $618).

Rent % Affordability
Above $500 84.6%
Above $700 73.3%
Above $1,100 54.7%
Above $1,500 39.8%
Above $1,900 29.0%
HOUSEHOLD INCOME RANGE

Approximately 2,509 of households in this neighborhood have a total annual income of $24,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $618 per month.

MINIMUM INCOME RANGE : $24,720

Income % Distribution
<$20K 15.4%
$20K-$35K 18.0%
$35K-$60K 26.8%
$60K-$100K 20.3%
>=$100K 19.5%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 46% 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 16.1%
5-9 mins 21.7%
10-14 mins 8.6%
15-19 mins 9.8%
20-29 mins 18.7%
30-44 mins 15.5%
45-59 mins 4.4%
>60 mins 5.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $618 per month.

MY RENT : $618 MEDIAN RENT : $736

Rent % Distribution
$400-699 41.0%
$700-899 35.9%
$900-999 10.9%
$1,000-1,499 11.5%
>=$1,500 0.7%
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 $618 would therefore be considered affordable for annual household incomes greater than $24,720 (12 months x 3.333 x $618).

Rent % Affordability
Above $500 84.6%
Above $700 73.3%
Above $1,100 54.7%
Above $1,500 39.8%
Above $1,900 29.0%
HOUSEHOLD INCOME RANGE

Approximately 2,509 of households in this neighborhood have a total annual income of $24,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $618 per month.

MINIMUM INCOME RANGE : $24,720

Income % Distribution
<$20K 15.4%
$20K-$35K 18.0%
$35K-$60K 26.8%
$60K-$100K 20.3%
>=$100K 19.5%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 46% 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 16.1%
5-9 mins 21.7%
10-14 mins 8.6%
15-19 mins 9.8%
20-29 mins 18.7%
30-44 mins 15.5%
45-59 mins 4.4%
>60 mins 5.1%

HARTLEY Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 10.8%
Arts & Entertainment 5.3%
Construction 8.0%
Health Care & Social Assistance 15.5%
Manufacturing 19.8%
Retail & Wholesale Trader 12.7%
Other 27.8%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 32% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 22.0%
15-19 4.8%
20-24 4.7%
25-44 20.3%
45-65 27.5%
66+ 20.7%
OCCUPATION

Occupation % Distribution
Construction 3.5%
Healthcare 7.1%
Management, Business, & Financial 16.4%
Natural Resources Maintenance 17.8%
Production & Transportation 26.7%
Sales & Office 15.6%
Other 12.9%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 14.3%
High School 35.1%
Masters Degree 2.1%
Some College 25.1%
Some High School 9.0%
Other 14.3%

241 N 5th Ave E Comps

Sorry, we do not have sufficient data available.

241 N 5th Ave E, Hartley, IA 51346 is a single family home of 1,008 sqft. HomeUnion INVESTimateĀ® for 241 N 5th Ave E includes a Price Estimate of $58,644 and a Rent Estimate of $618. This single family home has 2 bedrooms,2 bathrooms, and was built in 1984. This property has an estimated 15 year annualized Yield of 12.65% and Total Return of 16.72%. The estimated 1 year forecast in home value for 241 N 5th Ave E is 4.14%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , OBRIEN County , or the 51346 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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