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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

3101 Youngstown Lockport Rd Ransomville, NY 14131

3 Beds 1 Baths 912 sqft Built 1946
Last updated:  Oct 23, 2019

INVESTimate

$108,210

$103K - $113K

Price Est.

$1,375

$1.1K - $1.7K

Rent Est.

$110,753  ( +2.35%)   1 YR EST. FORECAST
  
  
  

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3101 Youngstown Lockport Rd PROPERTY INFO

FACTS
  • Built In 1946
  • Price/Sqft : $118.65
CONSTRUCTION
  • Beds : 3
  • Floor Size : 912 sqft
  • Baths : 1 Full

3101 Youngstown Lockport Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WILSON HIGH SCHOOL Middle Regular 772 57 7
WILSON HIGH SCHOOL High Regular 772 57 7

WILSON HIGH SCHOOL

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 57
7
GreatSchools Rating

WILSON HIGH SCHOOL

  • Education Level: High
  • # of students: 772
  • # of teachers: 57
7
GreatSchools Rating
 

Financial Details

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Neighborhood

RANSOMVILLE

  • 5,109

    POPULATION
  • 2,049

    HOUSEHOLDS
  • 56.0%

    WHITE COLLAR

Neighborhood : RANSOMVILLE

HOUSEHOLDS
2,049
POPULATION

5,109

13.9%Renters
86.1%Home Owners
LABOR FORCE

 

56.0%White Collar
44.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 84% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,375 per month.

MY RENT : $1,375 MEDIAN RENT : $1,689

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 21.3%
>=$1,500 78.7%
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 $1,375 would therefore be considered affordable for annual household incomes greater than $55,000 (12 months x 3.333 x $1,375).

Rent % Affordability
Above $500 88.9%
Above $700 81.8%
Above $1,100 65.1%
Above $1,500 53.7%
Above $1,900 41.1%
HOUSEHOLD INCOME RANGE

Approximately 1,134 of households in this neighborhood have a total annual income of $55,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,375 per month.

MINIMUM INCOME RANGE : $55,000

Income % Distribution
<$20K 11.1%
$20K-$35K 15.6%
$35K-$60K 19.7%
$60K-$100K 26.5%
>=$100K 27.2%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.0%
5-9 mins 4.1%
10-14 mins 10.8%
15-19 mins 8.5%
20-29 mins 26.4%
30-44 mins 29.9%
45-59 mins 13.3%
>60 mins 5.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 84% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,375 per month.

MY RENT : $1,375 MEDIAN RENT : $1,689

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 21.3%
>=$1,500 78.7%
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 $1,375 would therefore be considered affordable for annual household incomes greater than $55,000 (12 months x 3.333 x $1,375).

Rent % Affordability
Above $500 88.9%
Above $700 81.8%
Above $1,100 65.1%
Above $1,500 53.7%
Above $1,900 41.1%
HOUSEHOLD INCOME RANGE

Approximately 1,134 of households in this neighborhood have a total annual income of $55,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,375 per month.

MINIMUM INCOME RANGE : $55,000

Income % Distribution
<$20K 11.1%
$20K-$35K 15.6%
$35K-$60K 19.7%
$60K-$100K 26.5%
>=$100K 27.2%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.0%
5-9 mins 4.1%
10-14 mins 10.8%
15-19 mins 8.5%
20-29 mins 26.4%
30-44 mins 29.9%
45-59 mins 13.3%
>60 mins 5.0%

RANSOMVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.1%
Educational Services 8.8%
Health Care & Social Assistance 19.8%
Manufacturing 17.1%
Retail & Wholesale Trader 10.4%
Transportation 7.4%
Other 27.4%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 27% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 10.8%
15-19 10.6%
20-24 5.3%
25-44 18.6%
45-65 38.3%
66+ 16.5%
OCCUPATION

Occupation % Distribution
Education 4.4%
Healthcare 11.1%
Management, Business, & Financial 17.5%
Natural Resources Maintenance 11.8%
Production & Transportation 17.1%
Sales & Office 22.6%
Other 15.4%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.2%
High School 37.5%
Masters Degree 6.5%
Some College 20.5%
Some High School 9.2%
Other 13.1%

3101 Youngstown Lockport Rd Comps

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3101 Youngstown Lockport Rd, Ransomville, NY 14131 is a single family home of 912 sqft. HomeUnion INVESTimateĀ® for 3101 Youngstown Lockport Rd includes a Price Estimate of $108,210 and a Rent Estimate of $1,375. This single family home has 3 bedrooms,1 bathrooms, and was built in 1946. This property has an estimated 15 year annualized Yield of 15.25% and Total Return of 25.53%. The estimated 1 year forecast in home value for 3101 Youngstown Lockport Rd is 2.35%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , NIAGARA County , or the 14131 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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