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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

55 Monticello St Richfield Springs, NY 13439

2 Beds 2 Baths 960 sqft Built 1980
Last updated:  Jan 23, 2020

INVESTimate

$150,862

$142K - $160K

Price Est.

$846

700 - 992

Rent Est.

$151,149  ( +0.19%)   1 YR EST. FORECAST
  
  
  

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55 Monticello St PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $157.15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 960 sqft
  • Baths : 1 Full 1 Half

55 Monticello St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
RICHFIELD SPRINGS CENTRAL SCHOOL Primary Regular 570 47 5
RICHFIELD SPRINGS CENTRAL SCHOOL Middle Regular 570 47 5
RICHFIELD SPRINGS CENTRAL SCHOOL High Regular 570 47 5

RICHFIELD SPRINGS CENTRAL SCHOOL

  • Education Level: Primary
  • # of students: 570
  • # of teachers: 47
5
GreatSchools Rating

RICHFIELD SPRINGS CENTRAL SCHOOL

  • Education Level: Middle
  • # of students: 570
  • # of teachers: 47
5
GreatSchools Rating

RICHFIELD SPRINGS CENTRAL SCHOOL

  • Education Level: High
  • # of students: 570
  • # of teachers: 47
5
GreatSchools Rating
 

Financial Details

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Neighborhood

RICHFIELD SPRINGS

  • 3,673

    POPULATION
  • 1,580

    HOUSEHOLDS
  • 54.6%

    WHITE COLLAR

Neighborhood : RICHFIELD SPRINGS

HOUSEHOLDS
1,580
POPULATION

3,673

24.3%Renters
75.7%Home Owners
LABOR FORCE

 

54.6%White Collar
45.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 94% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $846 per month.

MY RENT : $846 MEDIAN RENT : $1,079

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 8.5%
$900-999 26.5%
$1,000-1,499 47.7%
>=$1,500 17.2%
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 $846 would therefore be considered affordable for annual household incomes greater than $33,840 (12 months x 3.333 x $846).

Rent % Affordability
Above $500 81.6%
Above $700 71.4%
Above $1,100 57.1%
Above $1,500 41.8%
Above $1,900 30.0%
HOUSEHOLD INCOME RANGE

Approximately 3,529 of households in this neighborhood have a total annual income of $33,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $846 per month.

MINIMUM INCOME RANGE : $33,840

Income % Distribution
<$20K 18.4%
$20K-$35K 17.7%
$35K-$60K 22.2%
$60K-$100K 26.9%
>=$100K 14.8%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 11.5%
5-9 mins 9.1%
10-14 mins 6.9%
15-19 mins 11.3%
20-29 mins 21.9%
30-44 mins 25.8%
45-59 mins 8.2%
>60 mins 5.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 94% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $846 per month.

MY RENT : $846 MEDIAN RENT : $1,079

Rent % Distribution
$500-699 0.0%
$700-899 8.5%
$900-999 26.5%
$1,000-1,499 47.7%
>=$1,500 17.2%
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 $846 would therefore be considered affordable for annual household incomes greater than $33,840 (12 months x 3.333 x $846).

Rent % Affordability
Above $500 81.6%
Above $700 71.4%
Above $1,100 57.1%
Above $1,500 41.8%
Above $1,900 30.0%
HOUSEHOLD INCOME RANGE

Approximately 3,529 of households in this neighborhood have a total annual income of $33,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $846 per month.

MINIMUM INCOME RANGE : $33,840

Income % Distribution
<$20K 18.4%
$20K-$35K 17.7%
$35K-$60K 22.2%
$60K-$100K 26.9%
>=$100K 14.8%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 11.5%
5-9 mins 9.1%
10-14 mins 6.9%
15-19 mins 11.3%
20-29 mins 21.9%
30-44 mins 25.8%
45-59 mins 8.2%
>60 mins 5.3%

RICHFIELD SPRINGS Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 6.9%
Arts & Entertainment 10.5%
Construction 9.0%
Health Care & Social Assistance 21.7%
Manufacturing 8.0%
Retail & Wholesale Trader 15.6%
Other 28.4%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 29% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 16.1%
15-19 5.3%
20-24 8.0%
25-44 21.4%
45-65 31.7%
66+ 17.5%
OCCUPATION

Occupation % Distribution
Construction 3.6%
Healthcare 11.7%
Management, Business, & Financial 15.7%
Natural Resources Maintenance 18.0%
Production & Transportation 14.5%
Sales & Office 20.8%
Other 15.6%
HIGHEST EDUCATION LEVEL

24% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.7%
High School 40.5%
Masters Degree 7.9%
Some College 17.2%
Some High School 8.4%
Other 12.3%

55 Monticello St Comps

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55 Monticello St, Richfield Springs, NY 13439 is a single family home of 960 sqft. HomeUnion INVESTimateĀ® for 55 Monticello St includes a Price Estimate of $150,862 and a Rent Estimate of $846. This single family home has 2 bedrooms,2 bathrooms, and was built in 1980. This property has an estimated 15 year annualized Yield of 6.73% and Total Return of 11.31%. The estimated 1 year forecast in home value for 55 Monticello St is 0.19%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , OTSEGO County , or the 13439 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2