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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

5049 S Gravel Rd Medina, NY 14103

3 Beds 1 Baths 1,466 sqft Built 1856
Last updated:  Jan 23, 2020

INVESTimate

$126,907

$119K - $135K

Price Est.

$1,377

$1.1K - $1.7K

Rent Est.

$130,866  ( +3.12%)   1 YR EST. FORECAST
  
  
  

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5049 S Gravel Rd PROPERTY INFO

FACTS
  • Built In 1856
  • Price/Sqft : $86.57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,466 sqft
  • Baths : 1 Full

5049 S Gravel Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
OAK ORCHARD SCHOOL Primary Regular 415 27 4

OAK ORCHARD SCHOOL

  • Education Level: Primary
  • # of students: 415
  • # of teachers: 27
4
GreatSchools Rating
 

Financial Details

See Financial Details

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Neighborhood

MEDINA

  • 10,742

    POPULATION
  • 4,528

    HOUSEHOLDS
  • 54.1%

    WHITE COLLAR

Neighborhood : MEDINA

HOUSEHOLDS
4,528
POPULATION

10,742

29.0%Renters
71.0%Home Owners
LABOR FORCE

 

54.1%White Collar
45.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,377 per month.

MY RENT : $1,377 MEDIAN RENT : $1,384

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.5%
$1,000-1,499 67.5%
>=$1,500 31.9%
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 $1,377 would therefore be considered affordable for annual household incomes greater than $55,080 (12 months x 3.333 x $1,377).

Rent % Affordability
Above $500 79.7%
Above $700 67.3%
Above $1,100 52.0%
Above $1,500 34.9%
Above $1,900 22.7%
HOUSEHOLD INCOME RANGE

Approximately 1,677 of households in this neighborhood have a total annual income of $55,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,377 per month.

MINIMUM INCOME RANGE : $55,080

Income % Distribution
<$20K 20.3%
$20K-$35K 18.9%
$35K-$60K 25.9%
$60K-$100K 23.0%
>=$100K 11.9%
COMMUTE TIME DISTRIBUTION

33% of the working population has a commute time of 15 to 44 minutes, 50% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 14.4%
5-9 mins 17.9%
10-14 mins 17.7%
15-19 mins 10.6%
20-29 mins 13.0%
30-44 mins 9.8%
45-59 mins 7.2%
>60 mins 9.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,377 per month.

MY RENT : $1,377 MEDIAN RENT : $1,384

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.5%
$1,000-1,499 67.5%
>=$1,500 31.9%
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 $1,377 would therefore be considered affordable for annual household incomes greater than $55,080 (12 months x 3.333 x $1,377).

Rent % Affordability
Above $500 79.7%
Above $700 67.3%
Above $1,100 52.0%
Above $1,500 34.9%
Above $1,900 22.7%
HOUSEHOLD INCOME RANGE

Approximately 1,677 of households in this neighborhood have a total annual income of $55,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,377 per month.

MINIMUM INCOME RANGE : $55,080

Income % Distribution
<$20K 20.3%
$20K-$35K 18.9%
$35K-$60K 25.9%
$60K-$100K 23.0%
>=$100K 11.9%
COMMUTE TIME DISTRIBUTION

33% of the working population has a commute time of 15 to 44 minutes, 50% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 14.4%
5-9 mins 17.9%
10-14 mins 17.7%
15-19 mins 10.6%
20-29 mins 13.0%
30-44 mins 9.8%
45-59 mins 7.2%
>60 mins 9.4%

MEDINA Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.8%
Educational Services 7.1%
Health Care & Social Assistance 13.5%
Manufacturing 24.7%
Public Administration 6.0%
Retail & Wholesale Trader 14.2%
Other 26.6%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 30% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 18.0%
15-19 7.4%
20-24 4.9%
25-44 24.0%
45-65 27.7%
66+ 18.1%
OCCUPATION

Occupation % Distribution
Management, Business, & Financial 18.5%
Natural Resources Maintenance 11.0%
Production & Transportation 22.9%
Protect 4.8%
Sales & Office 17.4%
Social 4.7%
Other 20.7%
HIGHEST EDUCATION LEVEL

17% 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 37.0%
Masters Degree 6.1%
Some College 25.3%
Some High School 10.2%
Other 11.4%

5049 S Gravel Rd Comps

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5049 S Gravel Rd, Medina, NY 14103 is a single family home of 1,466 sqft. HomeUnion INVESTimateĀ® for 5049 S Gravel Rd includes a Price Estimate of $126,907 and a Rent Estimate of $1,377. This single family home has 3 bedrooms,1 bathrooms, and was built in 1856. This property has an estimated 15 year annualized Yield of 13.02% and Total Return of 21.25%. The estimated 1 year forecast in home value for 5049 S Gravel Rd is 3.12%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , ORLEANS County , or the 14103 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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