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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

305 Madison St Steamboat Rock, IA 50672

2 Beds 3 Baths 1,140 sqft Built 1946
Last updated:  Jan 23, 2020

INVESTimate

$80,219

$77.6K - $82.8K

Price Est.

$867

758 - 976

Rent Est.

$82,481  ( +2.82%)   1 YR EST. FORECAST
  
  
  

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305 Madison St PROPERTY INFO

FACTS
  • Built In 1946
  • Price/Sqft : $70.37
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,140 sqft
  • Baths : 2 Full 1 Half

305 Madison St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
AGWSR ELEMENTARY SCHOOL Primary Regular 154 12 3
AGWSR HIGH SCHOOL High Regular 192 17 9

AGWSR ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 154
  • # of teachers: 12
3
GreatSchools Rating

AGWSR HIGH SCHOOL

  • Education Level: High
  • # of students: 192
  • # of teachers: 17
9
GreatSchools Rating
 

Financial Details

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Neighborhood

STEAMBOAT ROCK

  • 592

    POPULATION
  • 273

    HOUSEHOLDS
  • 62.1%

    WHITE COLLAR

Neighborhood : STEAMBOAT ROCK

HOUSEHOLDS
273
POPULATION

592

16.4%Renters
83.6%Home Owners
LABOR FORCE

 

62.1%White Collar
37.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 48% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $867 per month.

MY RENT : $867 MEDIAN RENT : $847

Rent % Distribution LEVEL
$500-699 22.7%
$700-899 35.3%
$900-999 13.3%
$1,000-1,499 27.5%
>=$1,500 1.2%
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 $867 would therefore be considered affordable for annual household incomes greater than $34,680 (12 months x 3.333 x $867).

Rent % Affordability
Above $500 87.2%
Above $700 77.0%
Above $1,100 55.1%
Above $1,500 44.0%
Above $1,900 36.5%
HOUSEHOLD INCOME RANGE

Approximately 614 of households in this neighborhood have a total annual income of $34,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $867 per month.

MINIMUM INCOME RANGE : $34,680

Income % Distribution
<$20K 12.8%
$20K-$35K 17.2%
$35K-$60K 26.0%
$60K-$100K 28.6%
>=$100K 15.4%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.1%
5-9 mins 9.8%
10-14 mins 14.7%
15-19 mins 16.3%
20-29 mins 26.1%
30-44 mins 12.4%
45-59 mins 5.9%
>60 mins 5.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 48% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $867 per month.

MY RENT : $867 MEDIAN RENT : $847

Rent % Distribution
$500-699 22.7%
$700-899 35.3%
$900-999 13.3%
$1,000-1,499 27.5%
>=$1,500 1.2%
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 $867 would therefore be considered affordable for annual household incomes greater than $34,680 (12 months x 3.333 x $867).

Rent % Affordability
Above $500 87.2%
Above $700 77.0%
Above $1,100 55.1%
Above $1,500 44.0%
Above $1,900 36.5%
HOUSEHOLD INCOME RANGE

Approximately 614 of households in this neighborhood have a total annual income of $34,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $867 per month.

MINIMUM INCOME RANGE : $34,680

Income % Distribution
<$20K 12.8%
$20K-$35K 17.2%
$35K-$60K 26.0%
$60K-$100K 28.6%
>=$100K 15.4%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.1%
5-9 mins 9.8%
10-14 mins 14.7%
15-19 mins 16.3%
20-29 mins 26.1%
30-44 mins 12.4%
45-59 mins 5.9%
>60 mins 5.9%

STEAMBOAT ROCK Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 18.2%
Construction 8.3%
Educational Services 8.6%
Health Care & Social Assistance 10.4%
Public Administration 8.3%
Retail & Wholesale Trader 20.8%
Other 25.3%
AGE DISTRIBUTION

60% of the population is between the ages of 25 and 64, 21% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 11.5%
15-19 6.6%
20-24 2.9%
25-44 20.6%
45-65 39.9%
66+ 18.6%
OCCUPATION

Occupation % Distribution
Construction 5.9%
Healthcare 11.2%
Management, Business, & Financial 29.0%
Natural Resources Maintenance 10.0%
Production & Transportation 10.4%
Sales & Office 24.2%
Other 9.3%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 21.8%
High School 26.2%
Masters Degree 1.9%
Some College 37.7%
Some High School 1.7%
Other 10.9%

305 Madison St Comps

Sorry, we do not have sufficient data available.

305 Madison St, Steamboat Rock, IA 50672 is a single family home of 1,140 sqft. HomeUnion INVESTimateĀ® for 305 Madison St includes a Price Estimate of $80,219 and a Rent Estimate of $867. This single family home has 2 bedrooms,3 bathrooms, and was built in 1946. This property has an estimated 15 year annualized Yield of 12.97% and Total Return of 23.27%. The estimated 1 year forecast in home value for 305 Madison St is 2.82%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , HARDIN County , or the 50672 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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