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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

308 E Main St West Union, IA 52175

2 Beds 2 Baths 1,218 sqft Built 1900
Last updated:  Jan 23, 2020

INVESTimate

$59,346

$56.8K - $61.9K

Price Est.

$793

693 - 893

Rent Est.

$60,218  ( +1.47%)   1 YR EST. FORECAST
  
  
  

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308 E Main St PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $48.72
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,218 sqft
  • Baths : 2 Full

308 E Main St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NORTH FAYETTE HIGH SCHOOL High Regular 250 19 6

NORTH FAYETTE HIGH SCHOOL

  • Education Level: High
  • # of students: 250
  • # of teachers: 19
6
GreatSchools Rating
 

Financial Details

See Financial Details

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Neighborhood

WEST UNION

  • 3,550

    POPULATION
  • 1,561

    HOUSEHOLDS
  • 60.4%

    WHITE COLLAR

Neighborhood : WEST UNION

HOUSEHOLDS
1,561
POPULATION

3,550

27.0%Renters
73.0%Home Owners
LABOR FORCE

 

60.4%White Collar
39.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 67% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $793 per month.

MY RENT : $793 MEDIAN RENT : $910

Rent % Distribution LEVEL
$400-699 18.6%
$700-899 30.1%
$900-999 13.5%
$1,000-1,499 33.2%
>=$1,500 4.5%
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 $793 would therefore be considered affordable for annual household incomes greater than $31,720 (12 months x 3.333 x $793).

Rent % Affordability
Above $500 81.7%
Above $700 73.7%
Above $1,100 55.1%
Above $1,500 39.4%
Above $1,900 27.5%
HOUSEHOLD INCOME RANGE

Approximately 3,365 of households in this neighborhood have a total annual income of $31,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $793 per month.

MINIMUM INCOME RANGE : $31,720

Income % Distribution
<$20K 18.3%
$20K-$35K 16.5%
$35K-$60K 25.8%
$60K-$100K 23.5%
>=$100K 15.9%
COMMUTE TIME DISTRIBUTION

29% of the working population has a commute time of 15 to 44 minutes, 61% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 17.4%
5-9 mins 29.0%
10-14 mins 14.5%
15-19 mins 10.0%
20-29 mins 9.4%
30-44 mins 9.7%
45-59 mins 3.8%
>60 mins 6.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 67% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $793 per month.

MY RENT : $793 MEDIAN RENT : $910

Rent % Distribution
$400-699 18.6%
$700-899 30.1%
$900-999 13.5%
$1,000-1,499 33.2%
>=$1,500 4.5%
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 $793 would therefore be considered affordable for annual household incomes greater than $31,720 (12 months x 3.333 x $793).

Rent % Affordability
Above $500 81.7%
Above $700 73.7%
Above $1,100 55.1%
Above $1,500 39.4%
Above $1,900 27.5%
HOUSEHOLD INCOME RANGE

Approximately 3,365 of households in this neighborhood have a total annual income of $31,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $793 per month.

MINIMUM INCOME RANGE : $31,720

Income % Distribution
<$20K 18.3%
$20K-$35K 16.5%
$35K-$60K 25.8%
$60K-$100K 23.5%
>=$100K 15.9%
COMMUTE TIME DISTRIBUTION

29% of the working population has a commute time of 15 to 44 minutes, 61% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 17.4%
5-9 mins 29.0%
10-14 mins 14.5%
15-19 mins 10.0%
20-29 mins 9.4%
30-44 mins 9.7%
45-59 mins 3.8%
>60 mins 6.2%

WEST UNION Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.3%
Construction 9.0%
Educational Services 13.6%
Health Care & Social Assistance 15.8%
Manufacturing 13.9%
Retail & Wholesale Trader 10.9%
Other 30.5%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 30% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 18.3%
15-19 6.3%
20-24 5.6%
25-44 23.4%
45-65 26.2%
66+ 20.3%
OCCUPATION

Occupation % Distribution
Construction 9.2%
Healthcare 8.6%
Management, Business, & Financial 18.9%
Natural Resources Maintenance 13.5%
Production & Transportation 17.1%
Sales & Office 16.7%
Other 16.0%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.6%
High School 40.8%
Masters Degree 5.0%
Some College 17.3%
Some High School 8.1%
Other 20.1%

308 E Main St Comps

Sorry, we do not have sufficient data available.

308 E Main St, West Union, IA 52175 is a single family home of 1,218 sqft. HomeUnion INVESTimateĀ® for 308 E Main St includes a Price Estimate of $59,346 and a Rent Estimate of $793. This single family home has 2 bedrooms,2 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 16.03% and Total Return of 21.90%. The estimated 1 year forecast in home value for 308 E Main St is 1.47%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , FAYETTE County , or the 52175 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 52141