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This page contains information about each property aggregated from public data sources, 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.

402 E Main St Lexington, IL 61753

0 Beds 2 Baths 1,242 sqft Built 1894
Last updated:  Oct 23, 2019

INVESTimate

$123,225

$118K - $128K

Price Est.

$914

816 - $1.0K

Rent Est.

$127,550  ( +3.51%)   1 YR EST. FORECAST

402 E Main St PROPERTY INFO

FACTS
  • Built In 1894
  • Price/Sqft : $99.21
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,242 sqft
  • Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
402 E Main St, Lexington, IL 61753 is a single family home of 1,242 sqft. HomeUnion estimate for 402 E Main St includes a Price Estimate of $123,225 and a Rent Estimate of $914. This single family home has 0 bedrooms, 2 bathrooms, and was built in 1894. This property has an estimated 15 year annualized Yield of 8.90% and Total Return of 15.23%. The estimated 1 year forecast in home value for 402 E Main St is 3.51%.
  
  
  

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402 E Main St SCHOOLS

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Financial Details

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Neighborhood

LEXINGTON

  • 2,871

    POPULATION
  • 1,079

    HOUSEHOLDS
  • 65.6%

    WHITE COLLAR

Neighborhood : LEXINGTON

HOUSEHOLDS
1,079
POPULATION

2,871

15.0%Renters
85.0%Home Owners
LABOR FORCE

 

65.6%White Collar
34.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 48% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $914 per month.

MY RENT : $914 MEDIAN RENT : $903

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 48.8%
$900-999 24.8%
$1,000-1,499 26.4%
>=$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 $914 would therefore be considered affordable for annual household incomes greater than $36,560 (12 months x 3.333 x $914).

Rent % Affordability
Above $500 91.2%
Above $700 86.2%
Above $1,100 73.2%
Above $1,500 58.5%
Above $1,900 52.7%
HOUSEHOLD INCOME RANGE

Approximately 723 of households in this neighborhood have a total annual income of $36,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $914 per month.

MINIMUM INCOME RANGE : $36,560

Income % Distribution
<$20K 8.8%
$20K-$35K 10.9%
$35K-$60K 21.8%
$60K-$100K 23.2%
>=$100K 35.3%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 22% 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 4.8%
5-9 mins 10.2%
10-14 mins 7.1%
15-19 mins 8.0%
20-29 mins 40.7%
30-44 mins 19.7%
45-59 mins 2.0%
>60 mins 7.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 48% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $914 per month.

MY RENT : $914 MEDIAN RENT : $903

Rent % Distribution
$500-699 0.0%
$700-899 48.8%
$900-999 24.8%
$1,000-1,499 26.4%
>=$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 $914 would therefore be considered affordable for annual household incomes greater than $36,560 (12 months x 3.333 x $914).

Rent % Affordability
Above $500 91.2%
Above $700 86.2%
Above $1,100 73.2%
Above $1,500 58.5%
Above $1,900 52.7%
HOUSEHOLD INCOME RANGE

Approximately 723 of households in this neighborhood have a total annual income of $36,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $914 per month.

MINIMUM INCOME RANGE : $36,560

Income % Distribution
<$20K 8.8%
$20K-$35K 10.9%
$35K-$60K 21.8%
$60K-$100K 23.2%
>=$100K 35.3%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 22% 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 4.8%
5-9 mins 10.2%
10-14 mins 7.1%
15-19 mins 8.0%
20-29 mins 40.7%
30-44 mins 19.7%
45-59 mins 2.0%
>60 mins 7.5%

LEXINGTON Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.5%
Educational Services 11.0%
Financial Industries 14.1%
Health Care & Social Assistance 13.6%
Manufacturing 9.1%
Retail & Wholesale Trader 12.2%
Other 31.4%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 32% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 18.8%
15-19 9.4%
20-24 4.1%
25-44 21.0%
45-65 29.5%
66+ 17.2%
OCCUPATION

Occupation % Distribution
Construction 8.0%
Healthcare 9.5%
Management, Business, & Financial 22.4%
Natural Resources Maintenance 9.2%
Production & Transportation 10.4%
Sales & Office 23.5%
Other 16.9%
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 6.2%
High School 34.8%
Masters Degree 6.4%
Some College 24.0%
Some High School 4.8%
Other 23.7%

402 E Main St Comps

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