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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

315 S 3rd St Sheffield, IA 50475

2 Beds 1 Baths 936 sqft Built 1920
Last updated:  Jan 23, 2020

INVESTimate

$82,589

$77.1K - $88.1K

Price Est.

$641

561 - 721

Rent Est.

$83,200  ( +0.74%)   1 YR EST. FORECAST
  
  
  

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315 S 3rd St PROPERTY INFO

FACTS
  • Built In 1920
  • Price/Sqft : $88.24
CONSTRUCTION
  • Beds : 2
  • Floor Size : 936 sqft
  • Baths : 1 Full

315 S 3rd St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WEST FORK HIGH SCHOOL High Regular 233 18 7

WEST FORK HIGH SCHOOL

  • Education Level: High
  • # of students: 233
  • # of teachers: 18
7
GreatSchools Rating
 

Financial Details

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Neighborhood

SHEFFIELD

  • 1,576

    POPULATION
  • 652

    HOUSEHOLDS
  • 57.3%

    WHITE COLLAR

Neighborhood : SHEFFIELD

HOUSEHOLDS
652
POPULATION

1,576

19.0%Renters
81.0%Home Owners
LABOR FORCE

 

57.3%White Collar
42.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 85% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $641 per month.

MY RENT : $641 MEDIAN RENT : $857

Rent % Distribution LEVEL
$500-699 21.6%
$700-899 35.2%
$900-999 19.2%
$1,000-1,499 23.2%
>=$1,500 0.7%
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 $641 would therefore be considered affordable for annual household incomes greater than $25,640 (12 months x 3.333 x $641).

Rent % Affordability
Above $500 84.4%
Above $700 79.8%
Above $1,100 57.5%
Above $1,500 37.4%
Above $1,900 24.6%
HOUSEHOLD INCOME RANGE

Approximately 1,526 of households in this neighborhood have a total annual income of $25,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $641 per month.

MINIMUM INCOME RANGE : $25,640

Income % Distribution
<$20K 15.6%
$20K-$35K 18.1%
$35K-$60K 28.8%
$60K-$100K 23.0%
>=$100K 14.4%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 16.1%
5-9 mins 19.3%
10-14 mins 6.1%
15-19 mins 14.7%
20-29 mins 22.0%
30-44 mins 12.3%
45-59 mins 7.9%
>60 mins 1.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 85% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $641 per month.

MY RENT : $641 MEDIAN RENT : $857

Rent % Distribution
$500-699 21.6%
$700-899 35.2%
$900-999 19.2%
$1,000-1,499 23.2%
>=$1,500 0.7%
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 $641 would therefore be considered affordable for annual household incomes greater than $25,640 (12 months x 3.333 x $641).

Rent % Affordability
Above $500 84.4%
Above $700 79.8%
Above $1,100 57.5%
Above $1,500 37.4%
Above $1,900 24.6%
HOUSEHOLD INCOME RANGE

Approximately 1,526 of households in this neighborhood have a total annual income of $25,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $641 per month.

MINIMUM INCOME RANGE : $25,640

Income % Distribution
<$20K 15.6%
$20K-$35K 18.1%
$35K-$60K 28.8%
$60K-$100K 23.0%
>=$100K 14.4%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 16.1%
5-9 mins 19.3%
10-14 mins 6.1%
15-19 mins 14.7%
20-29 mins 22.0%
30-44 mins 12.3%
45-59 mins 7.9%
>60 mins 1.5%

SHEFFIELD Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 8.9%
Construction 10.4%
Educational Services 9.9%
Health Care & Social Assistance 12.2%
Manufacturing 16.3%
Retail & Wholesale Trader 9.0%
Other 33.3%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 26% is 24 or younger and 26% is 65 or older.

Age % Distribution
<15 17.4%
15-19 3.7%
20-24 4.7%
25-44 18.8%
45-65 29.1%
66+ 26.3%
OCCUPATION

Occupation % Distribution
Construction 5.7%
Healthcare 9.5%
Management, Business, & Financial 18.1%
Natural Resources Maintenance 10.9%
Production & Transportation 26.0%
Sales & Office 14.9%
Other 14.9%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 17.9%
High School 34.0%
Masters Degree 3.2%
Some College 22.9%
Some High School 8.1%
Other 13.8%

315 S 3rd St Comps

Sorry, we do not have sufficient data available.

315 S 3rd St, Sheffield, IA 50475 is a single family home of 936 sqft. HomeUnion INVESTimateĀ® for 315 S 3rd St includes a Price Estimate of $82,589 and a Rent Estimate of $641. This single family home has 2 bedrooms,1 bathrooms, and was built in 1920. This property has an estimated 15 year annualized Yield of 9.31% and Total Return of 13.48%. The estimated 1 year forecast in home value for 315 S 3rd St is 0.74%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , FRANKLIN County , or the 50475 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 50479
  2. 50126