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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

561 Mckinley St Wharton, WV 25208

3 Beds 1 Baths 1,260 sqft Built 1949
Last updated:  Nov 28, 2019

INVESTimate

$40,127

$36.6K - $43.6K

Price Est.

$841

709 - 973

Rent Est.

$41,106  ( +2.44%)   1 YR EST. FORECAST
  
  
  

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561 Mckinley St PROPERTY INFO

FACTS
  • Built In 1949
  • Price/Sqft : $31.85
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,260 sqft
  • Baths : 1 Full

561 Mckinley St SCHOOLS

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Financial Details

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Neighborhood

WHARTON

  • 936

    POPULATION
  • 396

    HOUSEHOLDS
  • 35.8%

    WHITE COLLAR

Neighborhood : WHARTON

HOUSEHOLDS
396
POPULATION

936

20.1%Renters
79.9%Home Owners
LABOR FORCE

 

35.8%White Collar
64.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 39% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $841 per month.

MY RENT : $841 MEDIAN RENT : $790

Rent % Distribution LEVEL
$500-699 3.2%
$700-899 82.4%
$900-999 7.2%
$1,000-1,499 6.8%
>=$1,500 0.4%
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 $841 would therefore be considered affordable for annual household incomes greater than $33,640 (12 months x 3.333 x $841).

Rent % Affordability
Above $500 69.1%
Above $700 59.9%
Above $1,100 43.2%
Above $1,500 26.3%
Above $1,900 12.1%
HOUSEHOLD INCOME RANGE

Approximately 836 of households in this neighborhood have a total annual income of $33,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $841 per month.

MINIMUM INCOME RANGE : $33,640

Income % Distribution
<$20K 30.9%
$20K-$35K 17.7%
$35K-$60K 25.1%
$60K-$100K 22.0%
>=$100K 4.3%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 14.9%
5-9 mins 8.0%
10-14 mins 6.4%
15-19 mins 9.2%
20-29 mins 20.1%
30-44 mins 12.9%
45-59 mins 5.2%
>60 mins 23.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 39% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $841 per month.

MY RENT : $841 MEDIAN RENT : $790

Rent % Distribution
$500-699 3.2%
$700-899 82.4%
$900-999 7.2%
$1,000-1,499 6.8%
>=$1,500 0.4%
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 $841 would therefore be considered affordable for annual household incomes greater than $33,640 (12 months x 3.333 x $841).

Rent % Affordability
Above $500 69.1%
Above $700 59.9%
Above $1,100 43.2%
Above $1,500 26.3%
Above $1,900 12.1%
HOUSEHOLD INCOME RANGE

Approximately 836 of households in this neighborhood have a total annual income of $33,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $841 per month.

MINIMUM INCOME RANGE : $33,640

Income % Distribution
<$20K 30.9%
$20K-$35K 17.7%
$35K-$60K 25.1%
$60K-$100K 22.0%
>=$100K 4.3%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 14.9%
5-9 mins 8.0%
10-14 mins 6.4%
15-19 mins 9.2%
20-29 mins 20.1%
30-44 mins 12.9%
45-59 mins 5.2%
>60 mins 23.3%

WHARTON Demographics

INDUSTRY

Industry % Distribution
Administrative Support 14.3%
Agriculture, Fishing & Game 20.2%
Construction 9.7%
Educational Services 10.1%
Health Care & Social Assistance 23.6%
Retail & Wholesale Trader 8.5%
Other 13.6%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 27% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 17.8%
15-19 6.5%
20-24 3.1%
25-44 27.0%
45-65 28.6%
66+ 16.9%
OCCUPATION

Occupation % Distribution
Healthcare 16.7%
Management, Business, & Financial 11.5%
Natural Resources Maintenance 21.8%
Production & Transportation 8.6%
Protect 14.9%
Sales & Office 12.1%
Other 14.4%
HIGHEST EDUCATION LEVEL

7% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.5%
High School 54.0%
Masters Degree 1.0%
Some College 17.2%
Some High School 17.9%
Other 4.4%

561 Mckinley St Comps

Sorry, we do not have sufficient data available.

561 Mckinley St, Wharton, WV 25208 is a single family home of 1,260 sqft. HomeUnion INVESTimateĀ® for 561 Mckinley St includes a Price Estimate of $40,127 and a Rent Estimate of $841. This single family home has 3 bedrooms,1 bathrooms, and was built in 1949. This property has an estimated 15 year annualized Yield of 25.15% and Total Return of 20.69%. The estimated 1 year forecast in home value for 561 Mckinley St is 2.44%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in WV , BOONE County , or the 25208 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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