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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

255 Nw Locust Ave Earlham, IA 50072

3 Beds 1 Baths 994 sqft Built 1890
Last updated:  Jan 23, 2020

INVESTimate

$98,465

$94.4K - $103K

Price Est.

$872

762 - 982

Rent Est.

$102,492  ( +4.09%)   1 YR EST. FORECAST
  
  
  

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255 Nw Locust Ave PROPERTY INFO

FACTS
  • Built In 1890
  • Price/Sqft : $99.06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 994 sqft
  • Baths : 1 Full

255 Nw Locust Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
EARLHAM ELEMENTARY SCHOOL Primary Regular 332 25 6
EARLHAM ELEMENTARY SCHOOL Middle Regular 332 25 6
EARLHAM SENIOR HIGH SCHOOL High Regular 185 18 6

EARLHAM ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 332
  • # of teachers: 25
6
GreatSchools Rating

EARLHAM ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 332
  • # of teachers: 25
6
GreatSchools Rating

EARLHAM SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 185
  • # of teachers: 18
6
GreatSchools Rating
 

Financial Details

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Neighborhood

EARLHAM

  • 2,438

    POPULATION
  • 982

    HOUSEHOLDS
  • 70.6%

    WHITE COLLAR

Neighborhood : EARLHAM

HOUSEHOLDS
982
POPULATION

2,438

16.9%Renters
83.1%Home Owners
LABOR FORCE

 

70.6%White Collar
29.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $872 per month.

MY RENT : $872 MEDIAN RENT : $1,196

Rent % Distribution LEVEL
$500-699 0.4%
$700-899 13.1%
$900-999 8.3%
$1,000-1,499 61.6%
>=$1,500 16.7%
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 $872 would therefore be considered affordable for annual household incomes greater than $34,880 (12 months x 3.333 x $872).

Rent % Affordability
Above $500 90.5%
Above $700 83.6%
Above $1,100 74.9%
Above $1,500 61.7%
Above $1,900 48.0%
HOUSEHOLD INCOME RANGE

Approximately 1,905 of households in this neighborhood have a total annual income of $34,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $872 per month.

MINIMUM INCOME RANGE : $34,880

Income % Distribution
<$20K 9.5%
$20K-$35K 12.9%
$35K-$60K 15.9%
$60K-$100K 30.2%
>=$100K 31.5%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.6%
5-9 mins 9.3%
10-14 mins 3.3%
15-19 mins 5.8%
20-29 mins 25.4%
30-44 mins 36.4%
45-59 mins 7.2%
>60 mins 5.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $872 per month.

MY RENT : $872 MEDIAN RENT : $1,196

Rent % Distribution
$500-699 0.4%
$700-899 13.1%
$900-999 8.3%
$1,000-1,499 61.6%
>=$1,500 16.7%
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 $872 would therefore be considered affordable for annual household incomes greater than $34,880 (12 months x 3.333 x $872).

Rent % Affordability
Above $500 90.5%
Above $700 83.6%
Above $1,100 74.9%
Above $1,500 61.7%
Above $1,900 48.0%
HOUSEHOLD INCOME RANGE

Approximately 1,905 of households in this neighborhood have a total annual income of $34,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $872 per month.

MINIMUM INCOME RANGE : $34,880

Income % Distribution
<$20K 9.5%
$20K-$35K 12.9%
$35K-$60K 15.9%
$60K-$100K 30.2%
>=$100K 31.5%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.6%
5-9 mins 9.3%
10-14 mins 3.3%
15-19 mins 5.8%
20-29 mins 25.4%
30-44 mins 36.4%
45-59 mins 7.2%
>60 mins 5.9%

EARLHAM Demographics

INDUSTRY

Industry % Distribution
Construction 7.5%
Educational Services 7.5%
Financial Industries 15.5%
Health Care & Social Assistance 12.2%
Manufacturing 8.1%
Retail & Wholesale Trader 16.7%
Other 32.6%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 31% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 20.5%
15-19 8.3%
20-24 2.5%
25-44 24.0%
45-65 30.8%
66+ 13.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.2%
Healthcare 8.6%
Management, Business, & Financial 27.0%
Natural Resources Maintenance 11.7%
Production & Transportation 7.8%
Sales & Office 21.3%
Other 15.4%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 14.4%
High School 27.9%
Masters Degree 5.6%
Some College 22.6%
Some High School 2.7%
Other 26.9%

255 Nw Locust Ave Comps

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255 Nw Locust Ave, Earlham, IA 50072 is a single family home of 994 sqft. HomeUnion INVESTimateĀ® for 255 Nw Locust Ave includes a Price Estimate of $98,465 and a Rent Estimate of $872. This single family home has 3 bedrooms,1 bathrooms, and was built in 1890. This property has an estimated 15 year annualized Yield of 10.63% and Total Return of 20.06%. The estimated 1 year forecast in home value for 255 Nw Locust Ave is 4.09%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , MADISON County , or the 50072 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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