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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

408 S Market St New Athens, IL 62264

0 Beds 0 Baths 840 sqft Built 1917
Last updated:  Jan 23, 2020

INVESTimate

$145,853

$139K - $153K

Price Est.

$704

652 - 756

Rent Est.

$152,810  ( +4.77%)   1 YR EST. FORECAST
  
  
  

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408 S Market St PROPERTY INFO

FACTS
  • Built In 1917
  • Price/Sqft : $173.63
CONSTRUCTION
  • Beds : 0
  • Floor Size : 840 sqft
  • Baths : 0 Full

408 S Market St SCHOOLS

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Financial Details

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Neighborhood

NEW ATHENS

  • 3,533

    POPULATION
  • 1,346

    HOUSEHOLDS
  • 55.9%

    WHITE COLLAR

Neighborhood : NEW ATHENS

HOUSEHOLDS
1,346
POPULATION

3,533

21.6%Renters
78.4%Home Owners
LABOR FORCE

 

55.9%White Collar
44.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 56% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $704 per month.

MY RENT : $704 MEDIAN RENT : $721

Rent % Distribution LEVEL
$400-699 43.9%
$700-899 30.6%
$900-999 15.4%
$1,000-1,499 10.0%
>=$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 $704 would therefore be considered affordable for annual household incomes greater than $28,160 (12 months x 3.333 x $704).

Rent % Affordability
Above $500 89.0%
Above $700 80.3%
Above $1,100 67.8%
Above $1,500 51.6%
Above $1,900 41.0%
HOUSEHOLD INCOME RANGE

Approximately 2,712 of households in this neighborhood have a total annual income of $28,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $704 per month.

MINIMUM INCOME RANGE : $28,160

Income % Distribution
<$20K 11.0%
$20K-$35K 13.8%
$35K-$60K 23.7%
$60K-$100K 28.9%
>=$100K 22.7%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.7%
5-9 mins 8.4%
10-14 mins 7.3%
15-19 mins 5.8%
20-29 mins 16.4%
30-44 mins 30.3%
45-59 mins 11.7%
>60 mins 11.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 56% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $704 per month.

MY RENT : $704 MEDIAN RENT : $721

Rent % Distribution
$400-699 43.9%
$700-899 30.6%
$900-999 15.4%
$1,000-1,499 10.0%
>=$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 $704 would therefore be considered affordable for annual household incomes greater than $28,160 (12 months x 3.333 x $704).

Rent % Affordability
Above $500 89.0%
Above $700 80.3%
Above $1,100 67.8%
Above $1,500 51.6%
Above $1,900 41.0%
HOUSEHOLD INCOME RANGE

Approximately 2,712 of households in this neighborhood have a total annual income of $28,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $704 per month.

MINIMUM INCOME RANGE : $28,160

Income % Distribution
<$20K 11.0%
$20K-$35K 13.8%
$35K-$60K 23.7%
$60K-$100K 28.9%
>=$100K 22.7%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.7%
5-9 mins 8.4%
10-14 mins 7.3%
15-19 mins 5.8%
20-29 mins 16.4%
30-44 mins 30.3%
45-59 mins 11.7%
>60 mins 11.3%

NEW ATHENS Demographics

INDUSTRY

Industry % Distribution
Construction 9.0%
Educational Services 6.5%
Health Care & Social Assistance 17.3%
Manufacturing 11.8%
Retail & Wholesale Trader 15.9%
Transportation 8.0%
Other 31.5%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 33% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 19.4%
15-19 8.6%
20-24 5.1%
25-44 24.1%
45-65 28.5%
66+ 14.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.6%
Healthcare 12.5%
Management, Business, & Financial 13.4%
Natural Resources Maintenance 12.9%
Production & Transportation 20.5%
Sales & Office 22.3%
Other 12.8%
HIGHEST EDUCATION LEVEL

19% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.6%
High School 35.9%
Masters Degree 4.4%
Some College 25.8%
Some High School 9.4%
Other 11.9%

408 S Market St Comps

Sorry, we do not have sufficient data available.

408 S Market St, New Athens, IL 62264 is a single family home of 840 sqft. HomeUnion INVESTimateĀ® for 408 S Market St includes a Price Estimate of $145,853 and a Rent Estimate of $704. This single family home has 0 bedrooms,0 bathrooms, and was built in 1917. This property has an estimated 15 year annualized Yield of 5.79% and Total Return of 10.52%. The estimated 1 year forecast in home value for 408 S Market St is 4.77%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , SAINT CLAIR County , or the 62264 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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