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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

302 W Market St Shannon, IL 61078

3 Beds 0 Baths 1,300 sqft Built 1893
Last updated:  Dec 26, 2019

INVESTimate

$57,426

$50.1K - $64.8K

Price Est.

$1,179

$1.0K - $1.4K

Rent Est.

$58,109  ( +1.19%)   1 YR EST. FORECAST
  
  
  

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302 W Market St PROPERTY INFO

FACTS
  • Built In 1893
  • Price/Sqft : $44.17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,300 sqft
  • Baths : 0 Full

302 W Market St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
EASTLAND ELEMENTARY SCHOOL Primary Regular 279 19 7
EASTLAND ELEMENTARY SCHOOL Middle Regular 279 19 7
EASTLAND JUNIOR-SENIOR HIGH SCHOOL High Regular 206 20 7

EASTLAND ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 279
  • # of teachers: 19
7
GreatSchools Rating

EASTLAND ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 279
  • # of teachers: 19
7
GreatSchools Rating

EASTLAND JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 206
  • # of teachers: 20
7
GreatSchools Rating
 

Financial Details

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Neighborhood

SHANNON

  • 1,102

    POPULATION
  • 479

    HOUSEHOLDS
  • 60.7%

    WHITE COLLAR

Neighborhood : SHANNON

HOUSEHOLDS
479
POPULATION

1,102

21.1%Renters
78.9%Home Owners
LABOR FORCE

 

60.7%White Collar
39.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,179 per month.

MY RENT : $1,179 MEDIAN RENT : $1,206

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.2%
$900-999 9.4%
$1,000-1,499 90.1%
>=$1,500 0.3%
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 $1,179 would therefore be considered affordable for annual household incomes greater than $47,160 (12 months x 3.333 x $1,179).

Rent % Affordability
Above $500 83.9%
Above $700 77.9%
Above $1,100 55.8%
Above $1,500 41.2%
Above $1,900 30.4%
HOUSEHOLD INCOME RANGE

Approximately 225 of households in this neighborhood have a total annual income of $47,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,179 per month.

MINIMUM INCOME RANGE : $47,160

Income % Distribution
<$20K 16.1%
$20K-$35K 15.3%
$35K-$60K 27.4%
$60K-$100K 23.6%
>=$100K 17.6%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 11.5%
5-9 mins 11.7%
10-14 mins 9.2%
15-19 mins 12.8%
20-29 mins 29.0%
30-44 mins 14.6%
45-59 mins 4.5%
>60 mins 6.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,179 per month.

MY RENT : $1,179 MEDIAN RENT : $1,206

Rent % Distribution
$500-699 0.0%
$700-899 0.2%
$900-999 9.4%
$1,000-1,499 90.1%
>=$1,500 0.3%
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 $1,179 would therefore be considered affordable for annual household incomes greater than $47,160 (12 months x 3.333 x $1,179).

Rent % Affordability
Above $500 83.9%
Above $700 77.9%
Above $1,100 55.8%
Above $1,500 41.2%
Above $1,900 30.4%
HOUSEHOLD INCOME RANGE

Approximately 225 of households in this neighborhood have a total annual income of $47,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,179 per month.

MINIMUM INCOME RANGE : $47,160

Income % Distribution
<$20K 16.1%
$20K-$35K 15.3%
$35K-$60K 27.4%
$60K-$100K 23.6%
>=$100K 17.6%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 11.5%
5-9 mins 11.7%
10-14 mins 9.2%
15-19 mins 12.8%
20-29 mins 29.0%
30-44 mins 14.6%
45-59 mins 4.5%
>60 mins 6.7%

SHANNON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 8.8%
Construction 7.4%
Educational Services 10.0%
Health Care & Social Assistance 10.7%
Manufacturing 16.8%
Retail & Wholesale Trader 11.9%
Other 34.4%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 25% is 24 or younger and 28% is 65 or older.

Age % Distribution
<15 13.0%
15-19 5.4%
20-24 7.0%
25-44 16.5%
45-65 30.2%
66+ 27.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.7%
Healthcare 7.7%
Management, Business, & Financial 16.8%
Natural Resources Maintenance 8.1%
Production & Transportation 26.8%
Sales & Office 17.7%
Other 15.2%
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 14.6%
High School 37.3%
Masters Degree 5.9%
Some College 24.6%
Some High School 6.1%
Other 11.6%

302 W Market St Comps

Sorry, we do not have sufficient data available.

302 W Market St, Shannon, IL 61078 is a single family home of 1,300 sqft. HomeUnion INVESTimateĀ® for 302 W Market St includes a Price Estimate of $57,426 and a Rent Estimate of $1,179. This single family home has 3 bedrooms,0 bathrooms, and was built in 1893. This property has an estimated 15 year annualized Yield of 24.64% and Total Return of 38.57%. The estimated 1 year forecast in home value for 302 W Market St is 1.19%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , CARROLL County , or the 61078 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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