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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

303 Main St Dike, IA 50624

2 Beds 3 Baths 1,256 sqft Built 1924
Last updated:  Dec 26, 2019

INVESTimate

$115,509

$106K - $125K

Price Est.

$1,000

874 - $1.1K

Rent Est.

$123,987  ( +7.34%)   1 YR EST. FORECAST
  
  
  

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303 Main St PROPERTY INFO

FACTS
  • Built In 1924
  • Price/Sqft : $91.97
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,256 sqft
  • Baths : 2 Full 1 Half

303 Main St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NEW HARTFORD ELEMENTARY SCHOOL Primary Regular 94 5 9
DIKE-NEW HARTFORD JUNIOR HIGH SCHOOL Middle Regular 256 12 7
DIKE-NEW HARTFORD HIGH SCHOOL High Regular 225 15 7

NEW HARTFORD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 94
  • # of teachers: 5
9
GreatSchools Rating

DIKE-NEW HARTFORD JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 256
  • # of teachers: 12
7
GreatSchools Rating

DIKE-NEW HARTFORD HIGH SCHOOL

  • Education Level: High
  • # of students: 225
  • # of teachers: 15
7
GreatSchools Rating
 

Financial Details

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Neighborhood

DIKE

  • 1,791

    POPULATION
  • 740

    HOUSEHOLDS
  • 72.7%

    WHITE COLLAR

Neighborhood : DIKE

HOUSEHOLDS
740
POPULATION

1,791

15.2%Renters
84.8%Home Owners
LABOR FORCE

 

72.7%White Collar
27.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,000 per month.

MY RENT : $1,000 MEDIAN RENT : $1,234

Rent % Distribution LEVEL
$500-699 1.1%
$700-899 6.9%
$900-999 6.3%
$1,000-1,499 65.9%
>=$1,500 19.8%
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 $1,000 would therefore be considered affordable for annual household incomes greater than $40,000 (12 months x 3.333 x $1,000).

Rent % Affordability
Above $500 91.1%
Above $700 85.7%
Above $1,100 72.5%
Above $1,500 65.7%
Above $1,900 51.3%
HOUSEHOLD INCOME RANGE

Approximately 522 of households in this neighborhood have a total annual income of $40,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,000 per month.

MINIMUM INCOME RANGE : $40,000

Income % Distribution
<$20K 8.9%
$20K-$35K 10.7%
$35K-$60K 14.7%
$60K-$100K 28.5%
>=$100K 37.2%
COMMUTE TIME DISTRIBUTION

76% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.5%
5-9 mins 3.5%
10-14 mins 9.6%
15-19 mins 28.0%
20-29 mins 30.7%
30-44 mins 17.7%
45-59 mins 1.7%
>60 mins 1.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,000 per month.

MY RENT : $1,000 MEDIAN RENT : $1,234

Rent % Distribution
$500-699 1.1%
$700-899 6.9%
$900-999 6.3%
$1,000-1,499 65.9%
>=$1,500 19.8%
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 $1,000 would therefore be considered affordable for annual household incomes greater than $40,000 (12 months x 3.333 x $1,000).

Rent % Affordability
Above $500 91.1%
Above $700 85.7%
Above $1,100 72.5%
Above $1,500 65.7%
Above $1,900 51.3%
HOUSEHOLD INCOME RANGE

Approximately 522 of households in this neighborhood have a total annual income of $40,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,000 per month.

MINIMUM INCOME RANGE : $40,000

Income % Distribution
<$20K 8.9%
$20K-$35K 10.7%
$35K-$60K 14.7%
$60K-$100K 28.5%
>=$100K 37.2%
COMMUTE TIME DISTRIBUTION

76% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.5%
5-9 mins 3.5%
10-14 mins 9.6%
15-19 mins 28.0%
20-29 mins 30.7%
30-44 mins 17.7%
45-59 mins 1.7%
>60 mins 1.4%

DIKE Demographics

INDUSTRY

Industry % Distribution
Construction 6.8%
Educational Services 11.9%
Financial Industries 7.9%
Health Care & Social Assistance 10.7%
Manufacturing 15.4%
Retail & Wholesale Trader 14.7%
Other 32.6%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 34% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 22.1%
15-19 8.2%
20-24 4.2%
25-44 21.1%
45-65 29.0%
66+ 15.5%
OCCUPATION

Occupation % Distribution
Construction 6.0%
Healthcare 6.5%
Management, Business, & Financial 23.7%
Natural Resources Maintenance 8.0%
Production & Transportation 9.9%
Sales & Office 29.0%
Other 16.8%
HIGHEST EDUCATION LEVEL

24% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.5%
High School 26.2%
Masters Degree 8.7%
Some College 21.7%
Some High School 3.2%
Other 26.7%

303 Main St Comps

Sorry, we do not have sufficient data available.

303 Main St, Dike, IA 50624 is a single family home of 1,256 sqft. HomeUnion INVESTimateĀ® for 303 Main St includes a Price Estimate of $115,509 and a Rent Estimate of $1,000. This single family home has 2 bedrooms,3 bathrooms, and was built in 1924. This property has an estimated 15 year annualized Yield of 10.39% and Total Return of 25.25%. The estimated 1 year forecast in home value for 303 Main St is 7.34%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , GRUNDY County , or the 50624 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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