1. < Ellis E St

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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

307 E Ellis St Summerfield, IL 62289

0 Beds 0 Baths 1,224 sqft Built 1950
Last updated:  Jan 23, 2020

INVESTimate

$46,589

$44.4K - $48.8K

Price Est.

$762

706 - 818

Rent Est.

$23,846

Investment Est.

$48,774  ( +4.69%)   1 YR EST. FORECAST

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307 E Ellis St PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $38.06
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,224 sqft
  • Baths : 0 Full

307 E Ellis St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LEBANON ELEMENTARY SCHOOL Primary Regular 316 20 5

LEBANON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 316
  • # of teachers: 20
5
GreatSchools Rating
 

Financial Details

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Neighborhood

SUMMERFIELD

  • 531

    POPULATION

  • 216

    HOUSEHOLDS

  • 60.3%

    WHITE COLLAR

Neighborhood : SUMMERFIELD

HOUSEHOLDS
216
POPULATION

531

20.9%Renters
79.1%Home Owners
LABOR FORCE

 

60.3%White Collar
39.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $762 per month.

MY RENT : $762 MEDIAN RENT : $633

Rent % Distribution LEVEL
$500-699 66.2%
$700-899 29.2%
$900-999 4.1%
$1,000-1,499 0.5%
>=$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 $762 would therefore be considered affordable for annual household incomes greater than $30,480 (12 months x 3.333 x $762).

Rent % Affordability
Above $500 96.7%
Above $700 92.5%
Above $1,100 66.3%
Above $1,500 57.4%
Above $1,900 41.1%
HOUSEHOLD INCOME RANGE

Approximately 381 of households in this neighborhood have a total annual income of $30,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $762 per month.

MINIMUM INCOME RANGE : $30,480

Income % Distribution
<$20K 3.3%
$20K-$35K 10.5%
$35K-$60K 28.7%
$60K-$100K 29.7%
>=$100K 27.8%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 38% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 6.4%
10-14 mins 6.8%
15-19 mins 18.3%
20-29 mins 7.5%
30-44 mins 21.7%
45-59 mins 32.5%
>60 mins 5.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $762 per month.

MY RENT : $762 MEDIAN RENT : $633

Rent % Distribution
$500-699 66.2%
$700-899 29.2%
$900-999 4.1%
$1,000-1,499 0.5%
>=$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 $762 would therefore be considered affordable for annual household incomes greater than $30,480 (12 months x 3.333 x $762).

Rent % Affordability
Above $500 96.7%
Above $700 92.5%
Above $1,100 66.3%
Above $1,500 57.4%
Above $1,900 41.1%
HOUSEHOLD INCOME RANGE

Approximately 381 of households in this neighborhood have a total annual income of $30,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $762 per month.

MINIMUM INCOME RANGE : $30,480

Income % Distribution
<$20K 3.3%
$20K-$35K 10.5%
$35K-$60K 28.7%
$60K-$100K 29.7%
>=$100K 27.8%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 38% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 6.4%
10-14 mins 6.8%
15-19 mins 18.3%
20-29 mins 7.5%
30-44 mins 21.7%
45-59 mins 32.5%
>60 mins 5.4%
SUMMERFIELD Demographics
INDUSTRY

           

Industry % Distribution
Construction 17.8%
Educational Services 8.0%
Health Care & Social Assistance 17.5%
Manufacturing 10.8%
Retail & Wholesale Trader 11.2%
Transportation 15.0%
Other 19.6%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 25.4%
Healthcare 7.9%
Management, Business, & Financial 6.9%
Natural Resources Maintenance 16.4%
Production & Transportation 17.5%
Sales & Office 19.6%
Other 6.3%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 12.8%
15-19 3.8%
20-24 7.3%
25-44 16.0%
45-65 46.0%
66+ 14.1%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorā??s degree or higher.

Education Level % Distribution
Associates Degree 6.7%
High School 38.6%
Masters Degree 5.0%
Some College 20.5%
Some High School 6.4%
Other 22.8%

SUMMERFIELD Demographics

INDUSTRY

Industry % Distribution
Construction 17.8%
Educational Services 8.0%
Health Care & Social Assistance 17.5%
Manufacturing 10.8%
Retail & Wholesale Trader 11.2%
Transportation 15.0%
Other 19.6%
AGE DISTRIBUTION

62% of the population is between the ages of 25 and 64, 24% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 12.8%
15-19 3.8%
20-24 7.3%
25-44 16.0%
45-65 46.0%
66+ 14.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 25.4%
Healthcare 7.9%
Management, Business, & Financial 6.9%
Natural Resources Maintenance 16.4%
Production & Transportation 17.5%
Sales & Office 19.6%
Other 6.3%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.7%
High School 38.6%
Masters Degree 5.0%
Some College 20.5%
Some High School 6.4%
Other 22.8%

307 E Ellis St Comps

Sorry, we do not have sufficient data available.

307 E Ellis St, Summerfield, IL 62289 is a single family home of 1,224 sqft. HomeUnion INVESTimateĀ® for 307 E Ellis St includes a Price Estimate of $46,589 and a Rent Estimate of $762. This single family home has 0 bedrooms,0 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 19.63% and Total Return of 25.31%. The estimated 1 year forecast in home value for 307 E Ellis St is 4.69%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , SAINT CLAIR County , or the 62289 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

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