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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

298 Main St Springvale, ME 04083

2 Beds 1 Baths 1,040 sqft Built 1936
Last updated:  Oct 23, 2019

INVESTimate

$141,827

$122K - $161K

Price Est.

$1,145

$1.0K - $1.3K

Rent Est.

$147,699  ( +4.14%)   1 YR EST. FORECAST
  
  
  

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298 Main St PROPERTY INFO

FACTS
  • Built In 1936
  • Price/Sqft : $136.37
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,040 sqft
  • Baths : 1 Full

298 Main St SCHOOLS

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Financial Details

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Neighborhood

SPRINGVALE

  • 4,377

    POPULATION
  • 1,860

    HOUSEHOLDS
  • 49.7%

    WHITE COLLAR

Neighborhood : SPRINGVALE

HOUSEHOLDS
1,860
POPULATION

4,377

31.0%Renters
69.0%Home Owners
LABOR FORCE

 

49.7%White Collar
50.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,145 per month.

MY RENT : $1,145 MEDIAN RENT : $1,343

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 1.6%
$1,000-1,499 62.0%
>=$1,500 36.4%
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 $1,145 would therefore be considered affordable for annual household incomes greater than $45,800 (12 months x 3.333 x $1,145).

Rent % Affordability
Above $500 81.3%
Above $700 72.0%
Above $1,100 55.6%
Above $1,500 45.3%
Above $1,900 31.1%
HOUSEHOLD INCOME RANGE

Approximately 919 of households in this neighborhood have a total annual income of $45,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,145 per month.

MINIMUM INCOME RANGE : $45,800

Income % Distribution
<$20K 18.7%
$20K-$35K 18.5%
$35K-$60K 17.5%
$60K-$100K 27.4%
>=$100K 17.9%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.7%
5-9 mins 12.8%
10-14 mins 16.3%
15-19 mins 17.8%
20-29 mins 6.8%
30-44 mins 21.6%
45-59 mins 15.6%
>60 mins 8.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,145 per month.

MY RENT : $1,145 MEDIAN RENT : $1,343

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 1.6%
$1,000-1,499 62.0%
>=$1,500 36.4%
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 $1,145 would therefore be considered affordable for annual household incomes greater than $45,800 (12 months x 3.333 x $1,145).

Rent % Affordability
Above $500 81.3%
Above $700 72.0%
Above $1,100 55.6%
Above $1,500 45.3%
Above $1,900 31.1%
HOUSEHOLD INCOME RANGE

Approximately 919 of households in this neighborhood have a total annual income of $45,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,145 per month.

MINIMUM INCOME RANGE : $45,800

Income % Distribution
<$20K 18.7%
$20K-$35K 18.5%
$35K-$60K 17.5%
$60K-$100K 27.4%
>=$100K 17.9%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.7%
5-9 mins 12.8%
10-14 mins 16.3%
15-19 mins 17.8%
20-29 mins 6.8%
30-44 mins 21.6%
45-59 mins 15.6%
>60 mins 8.4%

SPRINGVALE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 15.0%
Construction 5.1%
Educational Services 7.2%
Health Care & Social Assistance 13.0%
Manufacturing 12.6%
Retail & Wholesale Trader 16.5%
Other 30.6%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 33% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 17.3%
15-19 7.1%
20-24 8.9%
25-44 21.5%
45-65 27.5%
66+ 17.7%
OCCUPATION

Occupation % Distribution
Education 7.1%
Healthcare 8.6%
Management, Business, & Financial 16.8%
Natural Resources Maintenance 14.9%
Production & Transportation 17.1%
Sales & Office 19.0%
Other 16.4%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.4%
High School 38.3%
Masters Degree 6.9%
Some College 22.4%
Some High School 8.5%
Other 16.6%

298 Main St Comps

Sorry, we do not have sufficient data available.

298 Main St, Springvale, ME 04083 is a single family home of 1,040 sqft. HomeUnion INVESTimateĀ® for 298 Main St includes a Price Estimate of $141,827 and a Rent Estimate of $1,145. This single family home has 2 bedrooms,1 bathrooms, and was built in 1936. This property has an estimated 15 year annualized Yield of 9.69% and Total Return of 20.65%. The estimated 1 year forecast in home value for 298 Main St is 4.14%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in ME , YORK County , or the 04083 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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