INVESTimate
$30,964
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501 S Walnut St PROPERTY INFO
FACTS
- Built In 1890
- Price/Sqft : $47.66
CONSTRUCTION
- Beds : 4
- Floor Size : 1,541 sqft
- Baths : 0 Full
501 S Walnut St SCHOOLS
Financial Details
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SHANNON
Neighborhood : SHANNON
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,261 per month.
MY RENT : $1,261 MEDIAN RENT : $1,206
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 $1,261 would therefore be considered affordable for annual household incomes greater than $50,440 (12 months x 3.333 x $1,261).
HOUSEHOLD INCOME RANGE
Approximately 218 of households in this neighborhood have a total annual income of $50,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,261 per month.
MINIMUM INCOME RANGE : $50,440
COMMUTE TIME DISTRIBUTION
56% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
SHANNON Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 8.8% |
| Construction | 7.4% |
| Educational Services | 10.0% |
| Health Care & Social Assistance | 10.7% |
| Manufacturing | 16.8% |
| Retail & Wholesale Trader | 11.9% |
| Other | 34.4% |
AGE DISTRIBUTION
47% of the population is between the ages of 25 and 64, 25% is 24 or younger and 28% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 13.0% |
| 15-19 | 5.4% |
| 20-24 | 7.0% |
| 25-44 | 16.5% |
| 45-65 | 30.2% |
| 66+ | 27.9% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 7.7% |
| Healthcare | 7.7% |
| Management, Business, & Financial | 16.8% |
| Natural Resources Maintenance | 8.1% |
| Production & Transportation | 26.8% |
| Sales & Office | 17.7% |
| Other | 15.2% |
HIGHEST EDUCATION LEVEL
22% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 14.6% |
| High School | 37.3% |
| Masters Degree | 5.9% |
| Some College | 24.6% |
| Some High School | 6.1% |
| Other | 11.6% |
501 S Walnut St Comps
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501 S Walnut St, Shannon, IL 61078 is a single family home of 1,541 sqft. HomeUnion INVESTimateĀ® for 501 S Walnut St includes a Price Estimate of $73,448 and a Rent Estimate of $1,261. This single family home has 4 bedrooms,0 bathrooms, and was built in 1890. This property has an estimated 15 year annualized Yield of 20.60% and Total Return of 35.56%. The estimated 1 year forecast in home value for 501 S Walnut St is 1.19%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , CARROLL County , or the 61078 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
