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This page contains information about each property aggregated from public data sources, 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.

56 Center St Hoosick Falls, NY 12090

4 Beds 2 Baths 1,988 sqft Built 1930
Last updated:  Jan 23, 2020

INVESTimate

$189,905

$172K - $208K

Price Est.

$1,843

$1.6K - $2.1K

Rent Est.

$186,886  ( -1.59%)   1 YR EST. FORECAST

56 Center St PROPERTY INFO

FACTS
  • Built In 1930
  • Price/Sqft : $95.53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,988 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
56 Center St, Hoosick Falls, NY 12090 is a single family home of 1,988 sqft. HomeUnion estimate for 56 Center St includes a Price Estimate of $189,905 and a Rent Estimate of $1,843. This single family home has 4 bedrooms, 2 bathrooms, and was built in 1930. This property has an estimated 15 year annualized Yield of 11.65% and Total Return of -1.41%. The estimated 1 year forecast in home value for 56 Center St is -1.59%.
  
  
  

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56 Center St SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

HOOSICK FALLS

  • 6,270

    POPULATION
  • 2,534

    HOUSEHOLDS
  • 56.5%

    WHITE COLLAR

Neighborhood : HOOSICK FALLS

HOUSEHOLDS
2,534
POPULATION

6,270

33.6%Renters
66.4%Home Owners
LABOR FORCE

 

56.5%White Collar
43.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,843 per month.

MY RENT : $1,843 MEDIAN RENT : $1,371

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.5%
$900-999 3.5%
$1,000-1,499 62.2%
>=$1,500 32.9%
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 $1,843 would therefore be considered affordable for annual household incomes greater than $73,720 (12 months x 3.333 x $1,843).

Rent % Affordability
Above $500 86.9%
Above $700 76.0%
Above $1,100 56.0%
Above $1,500 44.4%
Above $1,900 33.7%
HOUSEHOLD INCOME RANGE

Approximately 669 of households in this neighborhood have a total annual income of $73,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,843 per month.

MINIMUM INCOME RANGE : $73,720

Income % Distribution
<$20K 13.1%
$20K-$35K 21.2%
$35K-$60K 21.3%
$60K-$100K 24.4%
>=$100K 20.0%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.9%
5-9 mins 9.1%
10-14 mins 8.1%
15-19 mins 12.8%
20-29 mins 25.8%
30-44 mins 13.6%
45-59 mins 12.9%
>60 mins 9.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,843 per month.

MY RENT : $1,843 MEDIAN RENT : $1,371

Rent % Distribution
$500-699 0.0%
$700-899 1.5%
$900-999 3.5%
$1,000-1,499 62.2%
>=$1,500 32.9%
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 $1,843 would therefore be considered affordable for annual household incomes greater than $73,720 (12 months x 3.333 x $1,843).

Rent % Affordability
Above $500 86.9%
Above $700 76.0%
Above $1,100 56.0%
Above $1,500 44.4%
Above $1,900 33.7%
HOUSEHOLD INCOME RANGE

Approximately 669 of households in this neighborhood have a total annual income of $73,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,843 per month.

MINIMUM INCOME RANGE : $73,720

Income % Distribution
<$20K 13.1%
$20K-$35K 21.2%
$35K-$60K 21.3%
$60K-$100K 24.4%
>=$100K 20.0%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.9%
5-9 mins 9.1%
10-14 mins 8.1%
15-19 mins 12.8%
20-29 mins 25.8%
30-44 mins 13.6%
45-59 mins 12.9%
>60 mins 9.9%

HOOSICK FALLS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.1%
Educational Services 6.0%
Health Care & Social Assistance 23.6%
Manufacturing 19.4%
Public Administration 5.9%
Retail & Wholesale Trader 8.6%
Other 26.4%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 30% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 17.5%
15-19 8.5%
20-24 4.0%
25-44 21.2%
45-65 31.4%
66+ 17.3%
OCCUPATION

Occupation % Distribution
Education 3.1%
Healthcare 11.4%
Management, Business, & Financial 16.6%
Natural Resources Maintenance 10.4%
Production & Transportation 20.2%
Sales & Office 22.9%
Other 15.3%
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 13.5%
High School 38.5%
Masters Degree 3.2%
Some College 20.6%
Some High School 6.0%
Other 18.2%

56 Center St Comps

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