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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

2599 Palm Rd Jamestown, NY 14701

3 Beds 2 Baths 1,400 sqft Built 1966
Last updated:  Nov 28, 2019

INVESTimate

$185,089

$172K - $198K

Price Est.

$2,075

$1.6K - $2.6K

Rent Est.

$184,293  ( -0.43%)   1 YR EST. FORECAST
  
  
  

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2599 Palm Rd PROPERTY INFO

FACTS
  • Built In 1966
  • Price/Sqft : $132.21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,400 sqft
  • Baths : 1 Full 1 Half

2599 Palm Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HARVEY C. FENNER ELEMENTARY SCHOOL Primary Regular 274 19 5
FALCONER MIDDLE-HIGH SCHOOL Middle Regular 683 63 5
FALCONER MIDDLE-HIGH SCHOOL High Regular 683 63 5

HARVEY C. FENNER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 274
  • # of teachers: 19
5
GreatSchools Rating

FALCONER MIDDLE-HIGH SCHOOL

  • Education Level: Middle
  • # of students: 683
  • # of teachers: 63
5
GreatSchools Rating

FALCONER MIDDLE-HIGH SCHOOL

  • Education Level: High
  • # of students: 683
  • # of teachers: 63
5
GreatSchools Rating
 

Financial Details

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Neighborhood

JAMESTOWN

  • 39,591

    POPULATION
  • 16,706

    HOUSEHOLDS
  • 55.8%

    WHITE COLLAR

Neighborhood : JAMESTOWN

HOUSEHOLDS
16,706
POPULATION

39,591

40.9%Renters
59.1%Home Owners
LABOR FORCE

 

55.8%White Collar
44.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,075 per month.

MY RENT : $2,075 MEDIAN RENT : $1,942

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 2.9%
>=$1,500 97.1%
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 $2,075 would therefore be considered affordable for annual household incomes greater than $83,000 (12 months x 3.333 x $2,075).

Rent % Affordability
Above $500 70.2%
Above $700 60.7%
Above $1,100 43.0%
Above $1,500 30.1%
Above $1,900 20.1%
HOUSEHOLD INCOME RANGE

Approximately 2,305 of households in this neighborhood have a total annual income of $83,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,075 per month.

MINIMUM INCOME RANGE : $83,000

Income % Distribution
<$20K 29.8%
$20K-$35K 17.2%
$35K-$60K 23.0%
$60K-$100K 19.6%
>=$100K 10.5%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 57% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.6%
5-9 mins 25.0%
10-14 mins 25.4%
15-19 mins 19.8%
20-29 mins 10.8%
30-44 mins 7.1%
45-59 mins 2.9%
>60 mins 2.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,075 per month.

MY RENT : $2,075 MEDIAN RENT : $1,942

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 2.9%
>=$1,500 97.1%
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 $2,075 would therefore be considered affordable for annual household incomes greater than $83,000 (12 months x 3.333 x $2,075).

Rent % Affordability
Above $500 70.2%
Above $700 60.7%
Above $1,100 43.0%
Above $1,500 30.1%
Above $1,900 20.1%
HOUSEHOLD INCOME RANGE

Approximately 2,305 of households in this neighborhood have a total annual income of $83,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,075 per month.

MINIMUM INCOME RANGE : $83,000

Income % Distribution
<$20K 29.8%
$20K-$35K 17.2%
$35K-$60K 23.0%
$60K-$100K 19.6%
>=$100K 10.5%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 57% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.6%
5-9 mins 25.0%
10-14 mins 25.4%
15-19 mins 19.8%
20-29 mins 10.8%
30-44 mins 7.1%
45-59 mins 2.9%
>60 mins 2.4%

JAMESTOWN Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.1%
Construction 4.7%
Educational Services 9.3%
Health Care & Social Assistance 17.3%
Manufacturing 19.5%
Retail & Wholesale Trader 14.7%
Other 24.5%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 31% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 18.7%
15-19 6.5%
20-24 5.7%
25-44 24.2%
45-65 27.2%
66+ 17.6%
OCCUPATION

Occupation % Distribution
Construction 4.9%
Healthcare 7.4%
Management, Business, & Financial 13.0%
Natural Resources Maintenance 7.8%
Production & Transportation 23.1%
Sales & Office 23.3%
Other 20.5%
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 13.9%
High School 35.7%
Masters Degree 6.6%
Some College 18.8%
Some High School 12.2%
Other 12.8%

2599 Palm Rd Comps

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2599 Palm Rd, Jamestown, NY 14701 is a single family home of 1,400 sqft. HomeUnion INVESTimateĀ® for 2599 Palm Rd includes a Price Estimate of $185,089 and a Rent Estimate of $2,075. This single family home has 3 bedrooms,2 bathrooms, and was built in 1966. This property has an estimated 15 year annualized Yield of 13.45% and Total Return of 21.09%. The estimated 1 year forecast in home value for 2599 Palm Rd is -0.43%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , CHAUTAUQUA County , or the 14701 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 14733
  2. 14722