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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

514 Main St Hornick, IA 51026

2 Beds 1 Baths 1,008 sqft Built 1900
Last updated:  Jan 23, 2020

INVESTimate

$53,900

$51.4K - $56.4K

Price Est.

$646

565 - 727

Rent Est.

$56,935  ( +5.63%)   1 YR EST. FORECAST
  
  
  

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514 Main St PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $53.47
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,008 sqft
  • Baths : 1 Full

514 Main St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WESTWOOD ELEMENTARY SCHOOL Primary Regular 312 22 6
WESTWOOD ELEMENTARY SCHOOL Middle Regular 312 22 6
WESTWOOD HIGH SCHOOL High Regular 279 22 5

WESTWOOD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 312
  • # of teachers: 22
6
GreatSchools Rating

WESTWOOD ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 312
  • # of teachers: 22
6
GreatSchools Rating

WESTWOOD HIGH SCHOOL

  • Education Level: High
  • # of students: 279
  • # of teachers: 22
5
GreatSchools Rating
 

Financial Details

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Neighborhood

HORNICK

  • 799

    POPULATION
  • 316

    HOUSEHOLDS
  • 53.1%

    WHITE COLLAR

Neighborhood : HORNICK

HOUSEHOLDS
316
POPULATION

799

15.0%Renters
85.0%Home Owners
LABOR FORCE

 

53.1%White Collar
46.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $646 per month.

MY RENT : $646 MEDIAN RENT : $929

Rent % Distribution LEVEL
$500-699 19.3%
$700-899 26.0%
$900-999 12.7%
$1,000-1,499 38.7%
>=$1,500 3.3%
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 $646 would therefore be considered affordable for annual household incomes greater than $25,840 (12 months x 3.333 x $646).

Rent % Affordability
Above $500 84.1%
Above $700 77.7%
Above $1,100 63.2%
Above $1,500 51.6%
Above $1,900 42.4%
HOUSEHOLD INCOME RANGE

Approximately 512 of households in this neighborhood have a total annual income of $25,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $646 per month.

MINIMUM INCOME RANGE : $25,840

Income % Distribution
<$20K 15.9%
$20K-$35K 9.6%
$35K-$60K 22.9%
$60K-$100K 31.2%
>=$100K 20.4%
COMMUTE TIME DISTRIBUTION

74% of the working population has a commute time of 15 to 44 minutes, 15% 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 3.7%
5-9 mins 2.2%
10-14 mins 9.0%
15-19 mins 12.5%
20-29 mins 36.4%
30-44 mins 24.9%
45-59 mins 7.2%
>60 mins 4.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $646 per month.

MY RENT : $646 MEDIAN RENT : $929

Rent % Distribution
$500-699 19.3%
$700-899 26.0%
$900-999 12.7%
$1,000-1,499 38.7%
>=$1,500 3.3%
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 $646 would therefore be considered affordable for annual household incomes greater than $25,840 (12 months x 3.333 x $646).

Rent % Affordability
Above $500 84.1%
Above $700 77.7%
Above $1,100 63.2%
Above $1,500 51.6%
Above $1,900 42.4%
HOUSEHOLD INCOME RANGE

Approximately 512 of households in this neighborhood have a total annual income of $25,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $646 per month.

MINIMUM INCOME RANGE : $25,840

Income % Distribution
<$20K 15.9%
$20K-$35K 9.6%
$35K-$60K 22.9%
$60K-$100K 31.2%
>=$100K 20.4%
COMMUTE TIME DISTRIBUTION

74% of the working population has a commute time of 15 to 44 minutes, 15% 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 3.7%
5-9 mins 2.2%
10-14 mins 9.0%
15-19 mins 12.5%
20-29 mins 36.4%
30-44 mins 24.9%
45-59 mins 7.2%
>60 mins 4.0%

HORNICK Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 12.9%
Health Care & Social Assistance 12.9%
Manufacturing 19.6%
Public Administration 6.5%
Retail & Wholesale Trader 13.4%
Transportation 5.3%
Other 29.3%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 33% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 20.3%
15-19 6.5%
20-24 5.8%
25-44 18.4%
45-65 34.0%
66+ 15.0%
OCCUPATION

Occupation % Distribution
Clean 8.5%
Healthcare 3.7%
Management, Business, & Financial 16.9%
Natural Resources Maintenance 9.2%
Production & Transportation 18.3%
Sales & Office 26.4%
Other 16.9%
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 13.4%
High School 43.7%
Masters Degree 2.1%
Some College 19.0%
Some High School 13.6%
Other 8.2%

514 Main St Comps

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514 Main St, Hornick, IA 51026 is a single family home of 1,008 sqft. HomeUnion INVESTimateĀ® for 514 Main St includes a Price Estimate of $53,900 and a Rent Estimate of $646. This single family home has 2 bedrooms,1 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 14.38% and Total Return of 24.36%. The estimated 1 year forecast in home value for 514 Main St is 5.63%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , WOODBURY County , or the 51026 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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