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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

24450 Ridge Rd Holy Cross, IA 52053

4 Beds 3 Baths 2,660 sqft Built 2003
Last updated:  Nov 28, 2019

INVESTimate

$186,248

$169K - $204K

Price Est.

$1,627

$1.4K - $1.8K

Rent Est.

$190,103  ( +2.07%)   1 YR EST. FORECAST
  
  
  

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24450 Ridge Rd PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $70.02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,660 sqft
  • Baths : 3 Full

24450 Ridge Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FARLEY ELEMENTARY SCHOOL Primary Regular 233 15 NA
WESTERN DUBUQUE HIGH SCHOOL High Regular 796 51 NA

FARLEY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 233
  • # of teachers: 15
-1
GreatSchools Rating

WESTERN DUBUQUE HIGH SCHOOL

  • Education Level: High
  • # of students: 796
  • # of teachers: 51
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

HOLY CROSS

  • 1,089

    POPULATION
  • 397

    HOUSEHOLDS
  • 66.8%

    WHITE COLLAR

Neighborhood : HOLY CROSS

HOUSEHOLDS
397
POPULATION

1,089

11.5%Renters
88.5%Home Owners
LABOR FORCE

 

66.8%White Collar
33.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 21% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,627 per month.

MY RENT : $1,627 MEDIAN RENT : $1,112

Rent % Distribution LEVEL
$500-699 0.2%
$700-899 15.0%
$900-999 10.4%
$1,000-1,499 53.6%
>=$1,500 20.6%
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 $1,627 would therefore be considered affordable for annual household incomes greater than $65,080 (12 months x 3.333 x $1,627).

Rent % Affordability
Above $500 90.7%
Above $700 83.9%
Above $1,100 69.5%
Above $1,500 55.3%
Above $1,900 43.1%
HOUSEHOLD INCOME RANGE

Approximately 137 of households in this neighborhood have a total annual income of $65,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,627 per month.

MINIMUM INCOME RANGE : $65,080

Income % Distribution
<$20K 9.3%
$20K-$35K 12.1%
$35K-$60K 23.4%
$60K-$100K 32.2%
>=$100K 23.1%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.0%
5-9 mins 7.8%
10-14 mins 8.1%
15-19 mins 8.7%
20-29 mins 29.5%
30-44 mins 25.7%
45-59 mins 9.4%
>60 mins 4.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 21% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,627 per month.

MY RENT : $1,627 MEDIAN RENT : $1,112

Rent % Distribution
$500-699 0.2%
$700-899 15.0%
$900-999 10.4%
$1,000-1,499 53.6%
>=$1,500 20.6%
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 $1,627 would therefore be considered affordable for annual household incomes greater than $65,080 (12 months x 3.333 x $1,627).

Rent % Affordability
Above $500 90.7%
Above $700 83.9%
Above $1,100 69.5%
Above $1,500 55.3%
Above $1,900 43.1%
HOUSEHOLD INCOME RANGE

Approximately 137 of households in this neighborhood have a total annual income of $65,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,627 per month.

MINIMUM INCOME RANGE : $65,080

Income % Distribution
<$20K 9.3%
$20K-$35K 12.1%
$35K-$60K 23.4%
$60K-$100K 32.2%
>=$100K 23.1%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.0%
5-9 mins 7.8%
10-14 mins 8.1%
15-19 mins 8.7%
20-29 mins 29.5%
30-44 mins 25.7%
45-59 mins 9.4%
>60 mins 4.7%

HOLY CROSS Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 13.6%
Construction 6.1%
Educational Services 9.1%
Health Care & Social Assistance 13.0%
Manufacturing 19.7%
Retail & Wholesale Trader 15.1%
Other 23.3%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 32% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 20.6%
15-19 7.1%
20-24 4.6%
25-44 20.5%
45-65 27.6%
66+ 19.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 3.2%
Healthcare 9.7%
Management, Business, & Financial 27.3%
Natural Resources Maintenance 9.5%
Production & Transportation 18.0%
Sales & Office 23.4%
Other 9.0%
HIGHEST EDUCATION LEVEL

13% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.5%
High School 47.7%
Masters Degree 3.2%
Some College 17.2%
Some High School 8.1%
Other 14.3%

24450 Ridge Rd Comps

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24450 Ridge Rd, Holy Cross, IA 52053 is a single family home of 2,660 sqft. HomeUnion INVESTimateĀ® for 24450 Ridge Rd includes a Price Estimate of $186,248 and a Rent Estimate of $1,627. This single family home has 4 bedrooms,3 bathrooms, and was built in 2003. This property has an estimated 15 year annualized Yield of 10.48% and Total Return of 23.71%. The estimated 1 year forecast in home value for 24450 Ridge Rd is 2.07%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , DUBUQUE County , or the 52053 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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