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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

492 Reiter Dr Ontario, OR 97914

0 Beds 0 Baths 1,512 sqft Built 1978
Last updated:  Nov 28, 2019

INVESTimate

$177,314

$169K - $186K

Price Est.

$1,111

962 - $1.3K

Rent Est.

$180,967  ( +2.06%)   1 YR EST. FORECAST
  
  
  

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492 Reiter Dr PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $117.27
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,512 sqft
  • Baths : 0 Full

492 Reiter Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ONTARIO HIGH SCHOOL High Regular 748 38 5

ONTARIO HIGH SCHOOL

  • Education Level: High
  • # of students: 748
  • # of teachers: 38
5
GreatSchools Rating
 

Financial Details

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Neighborhood

ONTARIO

  • 18,897

    POPULATION
  • 6,033

    HOUSEHOLDS
  • 47.0%

    WHITE COLLAR

Neighborhood : ONTARIO

HOUSEHOLDS
6,033
POPULATION

18,897

44.0%Renters
56.0%Home Owners
LABOR FORCE

 

47.0%White Collar
53.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 62% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,111 per month.

MY RENT : $1,111 MEDIAN RENT : $1,077

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.4%
$900-999 20.3%
$1,000-1,499 78.5%
>=$1,500 0.8%
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 $1,111 would therefore be considered affordable for annual household incomes greater than $44,440 (12 months x 3.333 x $1,111).

Rent % Affordability
Above $500 72.0%
Above $700 60.8%
Above $1,100 41.8%
Above $1,500 30.5%
Above $1,900 18.5%
HOUSEHOLD INCOME RANGE

Approximately 2,152 of households in this neighborhood have a total annual income of $44,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,111 per month.

MINIMUM INCOME RANGE : $44,440

Income % Distribution
<$20K 28.0%
$20K-$35K 21.7%
$35K-$60K 19.7%
$60K-$100K 20.4%
>=$100K 10.2%
COMMUTE TIME DISTRIBUTION

33% of the working population has a commute time of 15 to 44 minutes, 56% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.8%
5-9 mins 25.6%
10-14 mins 22.2%
15-19 mins 14.1%
20-29 mins 10.9%
30-44 mins 8.4%
45-59 mins 4.6%
>60 mins 6.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 62% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,111 per month.

MY RENT : $1,111 MEDIAN RENT : $1,077

Rent % Distribution
$500-699 0.0%
$700-899 0.4%
$900-999 20.3%
$1,000-1,499 78.5%
>=$1,500 0.8%
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 $1,111 would therefore be considered affordable for annual household incomes greater than $44,440 (12 months x 3.333 x $1,111).

Rent % Affordability
Above $500 72.0%
Above $700 60.8%
Above $1,100 41.8%
Above $1,500 30.5%
Above $1,900 18.5%
HOUSEHOLD INCOME RANGE

Approximately 2,152 of households in this neighborhood have a total annual income of $44,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,111 per month.

MINIMUM INCOME RANGE : $44,440

Income % Distribution
<$20K 28.0%
$20K-$35K 21.7%
$35K-$60K 19.7%
$60K-$100K 20.4%
>=$100K 10.2%
COMMUTE TIME DISTRIBUTION

33% of the working population has a commute time of 15 to 44 minutes, 56% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.8%
5-9 mins 25.6%
10-14 mins 22.2%
15-19 mins 14.1%
20-29 mins 10.9%
30-44 mins 8.4%
45-59 mins 4.6%
>60 mins 6.5%

ONTARIO Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 8.3%
Arts & Entertainment 14.6%
Educational Services 7.0%
Health Care & Social Assistance 13.6%
Manufacturing 9.9%
Retail & Wholesale Trader 16.3%
Other 30.3%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 34% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 19.6%
15-19 5.7%
20-24 8.7%
25-44 26.7%
45-65 23.2%
66+ 16.1%
OCCUPATION

Occupation % Distribution
Education 8.8%
Healthcare 6.7%
Management, Business, & Financial 14.2%
Natural Resources Maintenance 16.9%
Production & Transportation 14.3%
Sales & Office 19.2%
Other 20.0%
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 8.7%
High School 30.0%
Masters Degree 3.5%
Some College 29.5%
Some High School 18.8%
Other 9.5%

492 Reiter Dr Comps

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492 Reiter Dr, Ontario, OR 97914 is a single family home of 1,512 sqft. HomeUnion INVESTimateĀ® for 492 Reiter Dr includes a Price Estimate of $177,314 and a Rent Estimate of $1,111. This single family home has 0 bedrooms,0 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 7.52% and Total Return of 15.21%. The estimated 1 year forecast in home value for 492 Reiter Dr is 2.06%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OR , MALHEUR County , or the 97914 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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