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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

41 Young Ave New York Mills, NY 13417

2 Beds 1 Baths 864 sqft Built 1945
Last updated:  Jan 23, 2020

INVESTimate

$89,971

$81.8K - $98.1K

Price Est.

$1,014

891 - $1.1K

Rent Est.

$91,276  ( +1.45%)   1 YR EST. FORECAST
  
  
  

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41 Young Ave PROPERTY INFO

FACTS
  • Built In 1945
  • Price/Sqft : $104.13
CONSTRUCTION
  • Beds : 2
  • Floor Size : 864 sqft
  • Baths : 1 Full

41 Young Ave SCHOOLS

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Financial Details

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Neighborhood

Village of New York Mills

  • 4,134

    POPULATION
  • 2,055

    HOUSEHOLDS
  • 50.7%

    WHITE COLLAR

Neighborhood : Village of New York Mills

HOUSEHOLDS
2,055
POPULATION

4,134

53.2%Renters
46.8%Home Owners
LABOR FORCE

 

50.7%White Collar
49.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,014 per month.

MY RENT : $1,014 MEDIAN RENT : $1,386

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.1%
$900-999 4.9%
$1,000-1,499 61.9%
>=$1,500 32.1%
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 $1,014 would therefore be considered affordable for annual household incomes greater than $40,560 (12 months x 3.333 x $1,014).

Rent % Affordability
Above $500 70.9%
Above $700 59.8%
Above $1,100 34.9%
Above $1,500 21.8%
Above $1,900 14.9%
HOUSEHOLD INCOME RANGE

Approximately 627 of households in this neighborhood have a total annual income of $40,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,014 per month.

MINIMUM INCOME RANGE : $40,560

Income % Distribution
<$20K 29.1%
$20K-$35K 22.5%
$35K-$60K 26.7%
$60K-$100K 12.8%
>=$100K 9.0%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 47% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.7%
5-9 mins 20.1%
10-14 mins 24.3%
15-19 mins 28.2%
20-29 mins 19.0%
30-44 mins 3.9%
45-59 mins 0.1%
>60 mins 1.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,014 per month.

MY RENT : $1,014 MEDIAN RENT : $1,386

Rent % Distribution
$500-699 0.0%
$700-899 1.1%
$900-999 4.9%
$1,000-1,499 61.9%
>=$1,500 32.1%
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 $1,014 would therefore be considered affordable for annual household incomes greater than $40,560 (12 months x 3.333 x $1,014).

Rent % Affordability
Above $500 70.9%
Above $700 59.8%
Above $1,100 34.9%
Above $1,500 21.8%
Above $1,900 14.9%
HOUSEHOLD INCOME RANGE

Approximately 627 of households in this neighborhood have a total annual income of $40,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,014 per month.

MINIMUM INCOME RANGE : $40,560

Income % Distribution
<$20K 29.1%
$20K-$35K 22.5%
$35K-$60K 26.7%
$60K-$100K 12.8%
>=$100K 9.0%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 47% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.7%
5-9 mins 20.1%
10-14 mins 24.3%
15-19 mins 28.2%
20-29 mins 19.0%
30-44 mins 3.9%
45-59 mins 0.1%
>60 mins 1.7%

Village of New York Mills Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.6%
Educational Services 8.5%
Financial Industries 9.3%
Health Care & Social Assistance 23.5%
Manufacturing 15.8%
Retail & Wholesale Trader 11.4%
Other 24.8%
AGE DISTRIBUTION

44% of the population is between the ages of 25 and 64, 31% is 24 or younger and 25% is 65 or older.

Age % Distribution
<15 19.0%
15-19 6.2%
20-24 6.2%
25-44 18.4%
45-65 25.3%
66+ 24.7%
OCCUPATION

Occupation % Distribution
Healthcare 11.5%
Management, Business, & Financial 13.6%
Natural Resources Maintenance 8.1%
PCare 7.3%
Production & Transportation 15.5%
Sales & Office 26.3%
Other 17.8%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.9%
High School 36.9%
Masters Degree 3.6%
Some College 29.1%
Some High School 6.7%
Other 13.8%

41 Young Ave Comps

Sorry, we do not have sufficient data available.

41 Young Ave, New York Mills, NY 13417 is a single family home of 864 sqft. HomeUnion INVESTimateĀ® for 41 Young Ave includes a Price Estimate of $89,971 and a Rent Estimate of $1,014. This single family home has 2 bedrooms,1 bathrooms, and was built in 1945. This property has an estimated 15 year annualized Yield of 13.52% and Total Return of 19.72%. The estimated 1 year forecast in home value for 41 Young Ave is 1.45%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , ONEIDA County , or the 13417 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 13413
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  3. 13492
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  5. 13501