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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 W Main St Princeville, IL 61559

2 Beds 1 Baths 900 sqft Built 1920
Last updated:  Jan 23, 2020

INVESTimate

$58,307

$53.5K - $63.1K

Price Est.

$733

654 - 812

Rent Est.

$60,762  ( +4.21%)   1 YR EST. FORECAST
  
  
  

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514 W Main St PROPERTY INFO

FACTS
  • Built In 1920
  • Price/Sqft : $64.79
CONSTRUCTION
  • Beds : 2
  • Floor Size : 900 sqft
  • Baths : 1 Full

514 W Main St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PRINCEVILLE GRADE SCHOOL Primary Regular 552 24 9
PRINCEVILLE GRADE SCHOOL Middle Regular 552 24 9
PRINCEVILLE HIGH SCHOOL High Regular 220 24 9

PRINCEVILLE GRADE SCHOOL

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 24
9
GreatSchools Rating

PRINCEVILLE GRADE SCHOOL

  • Education Level: Middle
  • # of students: 552
  • # of teachers: 24
9
GreatSchools Rating

PRINCEVILLE HIGH SCHOOL

  • Education Level: High
  • # of students: 220
  • # of teachers: 24
9
GreatSchools Rating
 

Financial Details

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Neighborhood

PRINCEVILLE

  • 3,391

    POPULATION
  • 1,213

    HOUSEHOLDS
  • 62.4%

    WHITE COLLAR

Neighborhood : PRINCEVILLE

HOUSEHOLDS
1,213
POPULATION

3,391

15.3%Renters
84.7%Home Owners
LABOR FORCE

 

62.4%White Collar
37.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 93% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $733 per month.

MY RENT : $733 MEDIAN RENT : $1,124

Rent % Distribution LEVEL
$500-699 3.9%
$700-899 19.7%
$900-999 13.2%
$1,000-1,499 38.7%
>=$1,500 24.5%
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 $733 would therefore be considered affordable for annual household incomes greater than $29,320 (12 months x 3.333 x $733).

Rent % Affordability
Above $500 95.2%
Above $700 89.0%
Above $1,100 72.3%
Above $1,500 56.4%
Above $1,900 39.3%
HOUSEHOLD INCOME RANGE

Approximately 2,526 of households in this neighborhood have a total annual income of $29,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $733 per month.

MINIMUM INCOME RANGE : $29,320

Income % Distribution
<$20K 4.8%
$20K-$35K 13.8%
$35K-$60K 25.0%
$60K-$100K 30.2%
>=$100K 26.2%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 31% 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 8.2%
5-9 mins 14.0%
10-14 mins 8.7%
15-19 mins 11.2%
20-29 mins 25.5%
30-44 mins 22.4%
45-59 mins 6.1%
>60 mins 3.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 93% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $733 per month.

MY RENT : $733 MEDIAN RENT : $1,124

Rent % Distribution
$500-699 3.9%
$700-899 19.7%
$900-999 13.2%
$1,000-1,499 38.7%
>=$1,500 24.5%
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 $733 would therefore be considered affordable for annual household incomes greater than $29,320 (12 months x 3.333 x $733).

Rent % Affordability
Above $500 95.2%
Above $700 89.0%
Above $1,100 72.3%
Above $1,500 56.4%
Above $1,900 39.3%
HOUSEHOLD INCOME RANGE

Approximately 2,526 of households in this neighborhood have a total annual income of $29,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $733 per month.

MINIMUM INCOME RANGE : $29,320

Income % Distribution
<$20K 4.8%
$20K-$35K 13.8%
$35K-$60K 25.0%
$60K-$100K 30.2%
>=$100K 26.2%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 31% 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 8.2%
5-9 mins 14.0%
10-14 mins 8.7%
15-19 mins 11.2%
20-29 mins 25.5%
30-44 mins 22.4%
45-59 mins 6.1%
>60 mins 3.9%

PRINCEVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.0%
Construction 7.4%
Educational Services 9.8%
Health Care & Social Assistance 11.5%
Manufacturing 14.2%
Retail & Wholesale Trader 17.1%
Other 31.0%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 33% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 22.8%
15-19 8.3%
20-24 2.2%
25-44 22.5%
45-65 26.9%
66+ 17.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.8%
Healthcare 7.3%
Management, Business, & Financial 24.4%
Natural Resources Maintenance 16.7%
Production & Transportation 10.9%
Sales & Office 18.5%
Other 15.5%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.6%
High School 28.6%
Masters Degree 6.0%
Some College 25.9%
Some High School 6.5%
Other 19.4%

514 W Main St Comps

Sorry, we do not have sufficient data available.

514 W Main St, Princeville, IL 61559 is a single family home of 900 sqft. HomeUnion INVESTimateĀ® for 514 W Main St includes a Price Estimate of $58,307 and a Rent Estimate of $733. This single family home has 2 bedrooms,1 bathrooms, and was built in 1920. This property has an estimated 15 year annualized Yield of 15.09% and Total Return of 20.79%. The estimated 1 year forecast in home value for 514 W Main St is 4.21%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , PEORIA County , or the 61559 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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