INVESTimate
$35,501
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405 S Main St PROPERTY INFO
FACTS
- Built In 1959
- Price/Sqft : $65.20
CONSTRUCTION
- Beds : 0
- Floor Size : 1,389 sqft
- Baths : 0 Full
405 S Main St SCHOOLS
Financial Details
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HOMER
Neighborhood : HOMER
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $963 per month.
MY RENT : $963 MEDIAN RENT : $991
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 $963 would therefore be considered affordable for annual household incomes greater than $38,520 (12 months x 3.333 x $963).
HOUSEHOLD INCOME RANGE
Approximately 457 of households in this neighborhood have a total annual income of $38,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $963 per month.
MINIMUM INCOME RANGE : $38,520
COMMUTE TIME DISTRIBUTION
76% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.
HOMER Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Educational Services | 14.0% |
| Health Care & Social Assistance | 12.7% |
| Manufacturing | 8.7% |
| Public Administration | 7.1% |
| Retail & Wholesale Trader | 23.6% |
| Transportation | 6.0% |
| Other | 27.9% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 33% is 24 or younger and 16% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 21.5% |
| 15-19 | 5.5% |
| 20-24 | 6.4% |
| 25-44 | 22.2% |
| 45-65 | 28.2% |
| 66+ | 16.2% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 6.2% |
| Management, Business, & Financial | 17.8% |
| Natural Resources Maintenance | 12.9% |
| Production & Transportation | 19.7% |
| Protect | 6.6% |
| Sales & Office | 22.9% |
| Other | 13.8% |
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 | 10.0% |
| High School | 39.3% |
| Masters Degree | 6.2% |
| Some College | 25.2% |
| Some High School | 5.0% |
| Other | 14.4% |
405 S Main St Comps
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405 S Main St, Homer, IL 61849 is a single family home of 1,389 sqft. HomeUnion INVESTimateĀ® for 405 S Main St includes a Price Estimate of $90,569 and a Rent Estimate of $963. This single family home has 0 bedrooms,0 bathrooms, and was built in 1959. This property has an estimated 15 year annualized Yield of 12.76% and Total Return of 18.70%. The estimated 1 year forecast in home value for 405 S Main St is 2.01%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , CHAMPAIGN County , or the 61849 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
