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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

322 N Cedar Irving, IL 62051

0 Beds 0 Baths 620 sqft Built 1920
Last updated:  Dec 26, 2019

INVESTimate

$50,254

$46.8K - $53.8K

Price Est.

$739

631 - 847

Rent Est.

$49,711  ( -1.08%)   1 YR EST. FORECAST
  
  
  

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322 N Cedar PROPERTY INFO

FACTS
  • Built In 1920
  • Price/Sqft : $81.05
CONSTRUCTION
  • Beds : 0
  • Floor Size : 620 sqft
  • Baths : 0 Full

322 N Cedar SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HILLSBORO HIGH SCHOOL High Regular 536 30 5

HILLSBORO HIGH SCHOOL

  • Education Level: High
  • # of students: 536
  • # of teachers: 30
5
GreatSchools Rating
 

Financial Details

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Neighborhood

IRVING

  • 952

    POPULATION
  • 340

    HOUSEHOLDS
  • 48.9%

    WHITE COLLAR

Neighborhood : IRVING

HOUSEHOLDS
340
POPULATION

952

14.5%Renters
85.5%Home Owners
LABOR FORCE

 

48.9%White Collar
51.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $739 per month.

MY RENT : $739 MEDIAN RENT : $749

Rent % Distribution LEVEL
$500-699 0.6%
$700-899 97.9%
$900-999 0.0%
$1,000-1,499 1.5%
>=$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 $739 would therefore be considered affordable for annual household incomes greater than $29,560 (12 months x 3.333 x $739).

Rent % Affordability
Above $500 85.0%
Above $700 74.4%
Above $1,100 57.8%
Above $1,500 36.5%
Above $1,900 29.5%
HOUSEHOLD INCOME RANGE

Approximately 844 of households in this neighborhood have a total annual income of $29,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $739 per month.

MINIMUM INCOME RANGE : $29,560

Income % Distribution
<$20K 15.0%
$20K-$35K 20.0%
$35K-$60K 28.5%
$60K-$100K 19.4%
>=$100K 17.1%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.1%
5-9 mins 11.3%
10-14 mins 15.6%
15-19 mins 14.1%
20-29 mins 23.9%
30-44 mins 18.0%
45-59 mins 8.9%
>60 mins 6.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $739 per month.

MY RENT : $739 MEDIAN RENT : $749

Rent % Distribution
$500-699 0.6%
$700-899 97.9%
$900-999 0.0%
$1,000-1,499 1.5%
>=$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 $739 would therefore be considered affordable for annual household incomes greater than $29,560 (12 months x 3.333 x $739).

Rent % Affordability
Above $500 85.0%
Above $700 74.4%
Above $1,100 57.8%
Above $1,500 36.5%
Above $1,900 29.5%
HOUSEHOLD INCOME RANGE

Approximately 844 of households in this neighborhood have a total annual income of $29,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $739 per month.

MINIMUM INCOME RANGE : $29,560

Income % Distribution
<$20K 15.0%
$20K-$35K 20.0%
$35K-$60K 28.5%
$60K-$100K 19.4%
>=$100K 17.1%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.1%
5-9 mins 11.3%
10-14 mins 15.6%
15-19 mins 14.1%
20-29 mins 23.9%
30-44 mins 18.0%
45-59 mins 8.9%
>60 mins 6.1%

IRVING Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 12.5%
Arts & Entertainment 8.0%
Educational Services 8.0%
Health Care & Social Assistance 18.2%
Retail & Wholesale Trader 10.3%
Transportation 16.8%
Other 26.2%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 31% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 24.8%
15-19 2.4%
20-24 3.4%
25-44 23.6%
45-65 27.5%
66+ 18.3%
OCCUPATION

Occupation % Distribution
Clean 6.9%
Healthcare 15.5%
Management, Business, & Financial 16.8%
Natural Resources Maintenance 9.5%
Production & Transportation 27.6%
Sales & Office 11.2%
Other 12.5%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.5%
High School 47.3%
Masters Degree 2.5%
Some College 16.5%
Some High School 11.8%
Other 10.4%

322 N Cedar Comps

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322 N Cedar, Irving, IL 62051 is a single family home of 620 sqft. HomeUnion INVESTimateĀ® for 322 N Cedar includes a Price Estimate of $50,254 and a Rent Estimate of $739. This single family home has 0 bedrooms,0 bathrooms, and was built in 1920. This property has an estimated 15 year annualized Yield of 17.65% and Total Return of 20.05%. The estimated 1 year forecast in home value for 322 N Cedar is -1.08%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , MONTGOMERY County , or the 62051 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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