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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 Main St Gray, IA 50110

0 Beds 1 Baths 1,100 sqft Built 1900
Last updated:  Jan 23, 2020

INVESTimate

$157,065

$146K - $168K

Price Est.

$618

540 - 696

Rent Est.

$163,473  ( +4.08%)   1 YR EST. FORECAST
  
  
  

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305 Main St PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $142.79
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,100 sqft
  • Baths : 1 Full

305 Main St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
AUDUBON HIGH SCHOOL Primary Regular 363 26 6
AUDUBON HIGH SCHOOL Middle Regular 363 26 6
AUDUBON HIGH SCHOOL High Regular 363 26 6

AUDUBON HIGH SCHOOL

  • Education Level: Primary
  • # of students: 363
  • # of teachers: 26
6
GreatSchools Rating

AUDUBON HIGH SCHOOL

  • Education Level: Middle
  • # of students: 363
  • # of teachers: 26
6
GreatSchools Rating

AUDUBON HIGH SCHOOL

  • Education Level: High
  • # of students: 363
  • # of teachers: 26
6
GreatSchools Rating
 

Financial Details

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Neighborhood

GRAY

  • 29

    POPULATION
  • 13

    HOUSEHOLDS
  • 51.2%

    WHITE COLLAR

Neighborhood : GRAY

HOUSEHOLDS
13
POPULATION

29

25.0%Renters
75.0%Home Owners
LABOR FORCE

 

51.2%White Collar
48.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 79% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $618 per month.

MY RENT : $618 MEDIAN RENT : $717

Rent % Distribution LEVEL
$500-699 35.6%
$700-899 64.4%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 0.0%
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 $618 would therefore be considered affordable for annual household incomes greater than $24,720 (12 months x 3.333 x $618).

Rent % Affordability
Above $500 100.0%
Above $700 88.9%
Above $1,100 88.9%
Above $1,500 55.6%
Above $1,900 43.6%
HOUSEHOLD INCOME RANGE

Approximately 17 of households in this neighborhood have a total annual income of $24,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $618 per month.

MINIMUM INCOME RANGE : $24,720

Income % Distribution
<$20K 0.0%
$20K-$35K 11.1%
$35K-$60K 33.3%
$60K-$100K 33.3%
>=$100K 22.2%
COMMUTE TIME DISTRIBUTION

77% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 0% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.7%
5-9 mins 7.7%
10-14 mins 7.7%
15-19 mins 38.5%
20-29 mins 23.1%
30-44 mins 15.4%
45-59 mins 0.0%
>60 mins 0.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 79% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $618 per month.

MY RENT : $618 MEDIAN RENT : $717

Rent % Distribution
$500-699 35.6%
$700-899 64.4%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 0.0%
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 $618 would therefore be considered affordable for annual household incomes greater than $24,720 (12 months x 3.333 x $618).

Rent % Affordability
Above $500 100.0%
Above $700 88.9%
Above $1,100 88.9%
Above $1,500 55.6%
Above $1,900 43.6%
HOUSEHOLD INCOME RANGE

Approximately 17 of households in this neighborhood have a total annual income of $24,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $618 per month.

MINIMUM INCOME RANGE : $24,720

Income % Distribution
<$20K 0.0%
$20K-$35K 11.1%
$35K-$60K 33.3%
$60K-$100K 33.3%
>=$100K 22.2%
COMMUTE TIME DISTRIBUTION

77% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 0% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.7%
5-9 mins 7.7%
10-14 mins 7.7%
15-19 mins 38.5%
20-29 mins 23.1%
30-44 mins 15.4%
45-59 mins 0.0%
>60 mins 0.0%

GRAY Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 11.8%
Financial Industries 5.9%
Health Care & Social Assistance 17.6%
Manufacturing 17.6%
Retail & Wholesale Trader 17.6%
Transportation 5.9%
Other 23.5%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 24% is 24 or younger and 24% is 65 or older.

Age % Distribution
<15 17.2%
15-19 6.9%
20-24 0.0%
25-44 17.2%
45-65 34.5%
66+ 24.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.3%
Healthcare 8.3%
Management, Business, & Financial 16.7%
Natural Resources Maintenance 16.7%
Production & Transportation 25.0%
Sales & Office 25.0%
Other 0.0%
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 23.5%
High School 35.3%
Masters Degree 0.0%
Professional 0.0%
Some College 29.4%
Other 11.8%

305 Main St Comps

Sorry, we do not have sufficient data available.

305 Main St, Gray, IA 50110 is a single family home of 1,100 sqft. HomeUnion INVESTimateĀ® for 305 Main St includes a Price Estimate of $157,065 and a Rent Estimate of $618. This single family home has 0 bedrooms,1 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 4.72% and Total Return of 11.53%. The estimated 1 year forecast in home value for 305 Main St is 4.08%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , AUDUBON County , or the 50110 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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  1. 50025
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