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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

480 Lane 9 Lovell, WY 82431

5 Beds 2 Baths 1,358 sqft Built 1940
Last updated:  Nov 28, 2019

INVESTimate

$258,675

$234K - $284K

Price Est.

$1,108

969 - $1.2K

Rent Est.

$261,132  ( +0.95%)   1 YR EST. FORECAST
  
  
  

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480 Lane 9 PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $190.48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,358 sqft
  • Baths : 2 Full

480 Lane 9 SCHOOLS

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Financial Details

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Neighborhood

LOVELL

  • 4,171

    POPULATION
  • 1,579

    HOUSEHOLDS
  • 49.6%

    WHITE COLLAR

Neighborhood : LOVELL

HOUSEHOLDS
1,579
POPULATION

4,171

28.8%Renters
71.2%Home Owners
LABOR FORCE

 

49.6%White Collar
50.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 23% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,108 per month.

MY RENT : $1,108 MEDIAN RENT : $839

Rent % Distribution LEVEL
$500-699 30.1%
$700-899 27.8%
$900-999 13.6%
$1,000-1,499 26.8%
>=$1,500 1.7%
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 $1,108 would therefore be considered affordable for annual household incomes greater than $44,320 (12 months x 3.333 x $1,108).

Rent % Affordability
Above $500 77.9%
Above $700 71.0%
Above $1,100 56.5%
Above $1,500 39.9%
Above $1,900 29.2%
HOUSEHOLD INCOME RANGE

Approximately 725 of households in this neighborhood have a total annual income of $44,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,108 per month.

MINIMUM INCOME RANGE : $44,320

Income % Distribution
<$20K 22.1%
$20K-$35K 15.0%
$35K-$60K 23.1%
$60K-$100K 21.0%
>=$100K 18.9%
COMMUTE TIME DISTRIBUTION

25% of the working population has a commute time of 15 to 44 minutes, 65% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 17.3%
5-9 mins 30.6%
10-14 mins 17.1%
15-19 mins 11.4%
20-29 mins 8.2%
30-44 mins 5.5%
45-59 mins 4.2%
>60 mins 5.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 23% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,108 per month.

MY RENT : $1,108 MEDIAN RENT : $839

Rent % Distribution
$500-699 30.1%
$700-899 27.8%
$900-999 13.6%
$1,000-1,499 26.8%
>=$1,500 1.7%
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 $1,108 would therefore be considered affordable for annual household incomes greater than $44,320 (12 months x 3.333 x $1,108).

Rent % Affordability
Above $500 77.9%
Above $700 71.0%
Above $1,100 56.5%
Above $1,500 39.9%
Above $1,900 29.2%
HOUSEHOLD INCOME RANGE

Approximately 725 of households in this neighborhood have a total annual income of $44,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,108 per month.

MINIMUM INCOME RANGE : $44,320

Income % Distribution
<$20K 22.1%
$20K-$35K 15.0%
$35K-$60K 23.1%
$60K-$100K 21.0%
>=$100K 18.9%
COMMUTE TIME DISTRIBUTION

25% of the working population has a commute time of 15 to 44 minutes, 65% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 17.3%
5-9 mins 30.6%
10-14 mins 17.1%
15-19 mins 11.4%
20-29 mins 8.2%
30-44 mins 5.5%
45-59 mins 4.2%
>60 mins 5.7%

LOVELL Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 17.9%
Construction 10.6%
Educational Services 9.8%
Health Care & Social Assistance 9.8%
Manufacturing 16.0%
Retail & Wholesale Trader 14.7%
Other 21.2%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 32% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 22.0%
15-19 5.6%
20-24 4.7%
25-44 21.2%
45-65 25.3%
66+ 21.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 10.6%
Education 4.5%
Management, Business, & Financial 13.7%
Natural Resources Maintenance 18.6%
Production & Transportation 24.3%
Sales & Office 15.7%
Other 12.6%
HIGHEST EDUCATION LEVEL

13% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.4%
High School 28.6%
Masters Degree 4.6%
Some College 36.3%
Some High School 10.7%
Other 12.4%

480 Lane 9 Comps

Sorry, we do not have sufficient data available.

480 Lane 9, Lovell, WY 82431 is a single family home of 1,358 sqft. HomeUnion INVESTimateĀ® for 480 Lane 9 includes a Price Estimate of $258,675 and a Rent Estimate of $1,108. This single family home has 5 bedrooms,2 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 5.14% and Total Return of -11.62%. The estimated 1 year forecast in home value for 480 Lane 9 is 0.95%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in WY , BIG HORN County , or the 82431 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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