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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

5489 Gomer Hill Rd Turin, NY 13473

1 Beds 0 Baths 1,152 sqft Built 1960
Last updated:  Jan 23, 2020

INVESTimate

$104,838

$99.5K - $110K

Price Est.

$1,269

973 - $1.6K

Rent Est.

$104,398  ( -0.42%)   1 YR EST. FORECAST
  
  
  

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5489 Gomer Hill Rd PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $91.01
CONSTRUCTION
  • Beds : 1
  • Floor Size : 1,152 sqft
  • Baths : 0 Full

5489 Gomer Hill Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SOUTH LEWIS SENIOR HIGH SCHOOL High Regular 347 23 6

SOUTH LEWIS SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 347
  • # of teachers: 23
6
GreatSchools Rating
 

Financial Details

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Neighborhood

TURIN

  • 777

    POPULATION
  • 293

    HOUSEHOLDS
  • 53.1%

    WHITE COLLAR

Neighborhood : TURIN

HOUSEHOLDS
293
POPULATION

777

15.9%Renters
84.1%Home Owners
LABOR FORCE

 

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

Approximately 77% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,269 per month.

MY RENT : $1,269 MEDIAN RENT : $1,564

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 42.1%
>=$1,500 57.6%
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 $1,269 would therefore be considered affordable for annual household incomes greater than $50,760 (12 months x 3.333 x $1,269).

Rent % Affordability
Above $500 89.0%
Above $700 78.7%
Above $1,100 60.6%
Above $1,500 42.5%
Above $1,900 28.6%
HOUSEHOLD INCOME RANGE

Approximately 137 of households in this neighborhood have a total annual income of $50,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,269 per month.

MINIMUM INCOME RANGE : $50,760

Income % Distribution
<$20K 11.0%
$20K-$35K 17.8%
$35K-$60K 28.8%
$60K-$100K 25.0%
>=$100K 17.5%
COMMUTE TIME DISTRIBUTION

39% of the working population has a commute time of 15 to 44 minutes, 37% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 11.9%
5-9 mins 12.2%
10-14 mins 13.1%
15-19 mins 11.9%
20-29 mins 15.9%
30-44 mins 10.7%
45-59 mins 10.7%
>60 mins 13.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 77% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,269 per month.

MY RENT : $1,269 MEDIAN RENT : $1,564

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 42.1%
>=$1,500 57.6%
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 $1,269 would therefore be considered affordable for annual household incomes greater than $50,760 (12 months x 3.333 x $1,269).

Rent % Affordability
Above $500 89.0%
Above $700 78.7%
Above $1,100 60.6%
Above $1,500 42.5%
Above $1,900 28.6%
HOUSEHOLD INCOME RANGE

Approximately 137 of households in this neighborhood have a total annual income of $50,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,269 per month.

MINIMUM INCOME RANGE : $50,760

Income % Distribution
<$20K 11.0%
$20K-$35K 17.8%
$35K-$60K 28.8%
$60K-$100K 25.0%
>=$100K 17.5%
COMMUTE TIME DISTRIBUTION

39% of the working population has a commute time of 15 to 44 minutes, 37% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 11.9%
5-9 mins 12.2%
10-14 mins 13.1%
15-19 mins 11.9%
20-29 mins 15.9%
30-44 mins 10.7%
45-59 mins 10.7%
>60 mins 13.5%

TURIN Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.8%
Construction 9.7%
Educational Services 12.5%
Health Care & Social Assistance 11.4%
Manufacturing 15.2%
Retail & Wholesale Trader 12.2%
Other 31.3%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 29% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 20.1%
15-19 5.3%
20-24 4.0%
25-44 18.5%
45-65 35.1%
66+ 17.0%
OCCUPATION

Occupation % Distribution
Clean 5.2%
Construction 6.9%
Management, Business, & Financial 16.5%
Natural Resources Maintenance 17.7%
Production & Transportation 14.9%
Sales & Office 19.0%
Other 19.8%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.2%
High School 50.4%
Masters Degree 5.6%
Some College 16.7%
Some High School 8.7%
Other 8.5%

5489 Gomer Hill Rd Comps

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5489 Gomer Hill Rd, Turin, NY 13473 is a single family home of 1,152 sqft. HomeUnion INVESTimateĀ® for 5489 Gomer Hill Rd includes a Price Estimate of $104,838 and a Rent Estimate of $1,269. This single family home has 1 bedrooms,0 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 14.53% and Total Return of 22.96%. The estimated 1 year forecast in home value for 5489 Gomer Hill Rd is -0.42%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , LEWIS County , or the 13473 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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