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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

4304 Main St Elk Horn, IA 51531

2 Beds 2 Baths 2,265 sqft Built 1920
Last updated:  Nov 28, 2019

INVESTimate

$129,211

$118K - $140K

Price Est.

$1,056

908 - $1.2K

Rent Est.

$130,671  ( +1.13%)   1 YR EST. FORECAST
  
  
  

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4304 Main St PROPERTY INFO

FACTS
  • Built In 1920
  • Price/Sqft : $57.05
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,265 sqft
  • Baths : 1 Full 1 Half

4304 Main St SCHOOLS

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Financial Details

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Neighborhood

ELK HORN

  • 734

    POPULATION
  • 318

    HOUSEHOLDS
  • 66.3%

    WHITE COLLAR

Neighborhood : ELK HORN

HOUSEHOLDS
318
POPULATION

734

23.3%Renters
76.7%Home Owners
LABOR FORCE

 

66.3%White Collar
33.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,056 per month.

MY RENT : $1,056 MEDIAN RENT : $1,105

Rent % Distribution LEVEL
$500-699 2.5%
$700-899 19.8%
$900-999 12.9%
$1,000-1,499 57.9%
>=$1,500 6.9%
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 $1,056 would therefore be considered affordable for annual household incomes greater than $42,240 (12 months x 3.333 x $1,056).

Rent % Affordability
Above $500 85.5%
Above $700 77.0%
Above $1,100 62.9%
Above $1,500 50.6%
Above $1,900 36.4%
HOUSEHOLD INCOME RANGE

Approximately 177 of households in this neighborhood have a total annual income of $42,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,056 per month.

MINIMUM INCOME RANGE : $42,240

Income % Distribution
<$20K 14.5%
$20K-$35K 18.2%
$35K-$60K 16.7%
$60K-$100K 30.2%
>=$100K 20.4%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 49% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 19.9%
5-9 mins 23.3%
10-14 mins 5.7%
15-19 mins 7.3%
20-29 mins 25.9%
30-44 mins 10.4%
45-59 mins 3.5%
>60 mins 4.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,056 per month.

MY RENT : $1,056 MEDIAN RENT : $1,105

Rent % Distribution
$500-699 2.5%
$700-899 19.8%
$900-999 12.9%
$1,000-1,499 57.9%
>=$1,500 6.9%
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 $1,056 would therefore be considered affordable for annual household incomes greater than $42,240 (12 months x 3.333 x $1,056).

Rent % Affordability
Above $500 85.5%
Above $700 77.0%
Above $1,100 62.9%
Above $1,500 50.6%
Above $1,900 36.4%
HOUSEHOLD INCOME RANGE

Approximately 177 of households in this neighborhood have a total annual income of $42,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,056 per month.

MINIMUM INCOME RANGE : $42,240

Income % Distribution
<$20K 14.5%
$20K-$35K 18.2%
$35K-$60K 16.7%
$60K-$100K 30.2%
>=$100K 20.4%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 49% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 19.9%
5-9 mins 23.3%
10-14 mins 5.7%
15-19 mins 7.3%
20-29 mins 25.9%
30-44 mins 10.4%
45-59 mins 3.5%
>60 mins 4.1%

ELK HORN Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 12.6%
Educational Services 7.8%
Financial Industries 11.8%
Health Care & Social Assistance 9.2%
Professional & Scientific Tech Services 9.2%
Retail & Wholesale Trader 13.7%
Other 35.6%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 21% is 24 or younger and 31% is 65 or older.

Age % Distribution
<15 12.7%
15-19 5.7%
20-24 2.6%
25-44 13.1%
45-65 34.5%
66+ 31.5%
OCCUPATION

Occupation % Distribution
Construction 7.8%
Healthcare 6.2%
Management, Business, & Financial 20.2%
Natural Resources Maintenance 9.3%
Production & Transportation 15.1%
Sales & Office 27.9%
Other 13.6%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.1%
High School 36.5%
Masters Degree 5.9%
Some College 22.0%
Some High School 8.3%
Other 14.2%

4304 Main St Comps

Sorry, we do not have sufficient data available.

4304 Main St, Elk Horn, IA 51531 is a single family home of 2,265 sqft. HomeUnion INVESTimateĀ® for 4304 Main St includes a Price Estimate of $129,211 and a Rent Estimate of $1,056. This single family home has 2 bedrooms,2 bathrooms, and was built in 1920. This property has an estimated 15 year annualized Yield of 9.81% and Total Return of 15.84%. The estimated 1 year forecast in home value for 4304 Main St is 1.13%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , SHELBY County , or the 51531 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 51543
  2. 50076