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305 Stephenson Ave PROPERTY INFO
FACTS
- Built In 1940
- Price/Sqft : $94.69
CONSTRUCTION
- Beds : 2
- Floor Size : 552 sqft
- Baths : 0 Full
305 Stephenson Ave SCHOOLS
Financial Details
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South Roxana
Neighborhood : South Roxana
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 83% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $654 per month.
MY RENT : $654 MEDIAN RENT : $761
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 $654 would therefore be considered affordable for annual household incomes greater than $26,160 (12 months x 3.333 x $654).
HOUSEHOLD INCOME RANGE
Approximately 2,081 of households in this neighborhood have a total annual income of $26,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $654 per month.
MINIMUM INCOME RANGE : $26,160
COMMUTE TIME DISTRIBUTION
62% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.
South Roxana Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 8.8% |
| Construction | 9.8% |
| Health Care & Social Assistance | 12.5% |
| Manufacturing | 13.2% |
| Retail & Wholesale Trader | 17.3% |
| Transportation | 10.9% |
| Other | 27.5% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 37% is 24 or younger and 13% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 22.1% |
| 15-19 | 6.9% |
| 20-24 | 7.8% |
| 25-44 | 25.7% |
| 45-65 | 24.7% |
| 66+ | 12.8% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 3.3% |
| Healthcare | 12.0% |
| Management, Business, & Financial | 5.2% |
| Natural Resources Maintenance | 3.9% |
| Production & Transportation | 32.6% |
| Sales & Office | 32.3% |
| Other | 10.8% |
HIGHEST EDUCATION LEVEL
9% 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 | 41.6% |
| Masters Degree | 0.8% |
| Some College | 29.3% |
| Some High School | 15.5% |
| Other | 5.4% |
305 Stephenson Ave Comps
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305 Stephenson Ave, South Roxana, IL 62087 is a single family home of 552 sqft. HomeUnion INVESTimateĀ® for 305 Stephenson Ave includes a Price Estimate of $52,268 and a Rent Estimate of $654. This single family home has 2 bedrooms,0 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 15.01% and Total Return of 19.91%. The estimated 1 year forecast in home value for 305 Stephenson Ave is 2.54%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , MADISON County , or the 62087 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
