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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

5622 N Rt 83 Ellington, NY 14732

4 Beds 1 Baths 1,248 sqft Built 1880
Last updated:  Dec 26, 2019

INVESTimate

$124,334

$114K - $135K

Price Est.

$2,292

$1.8K - $2.8K

Rent Est.

$124,682  ( +0.28%)   1 YR EST. FORECAST
  
  
  

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5622 N Rt 83 PROPERTY INFO

FACTS
  • Built In 1880
  • Price/Sqft : $99.63
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,248 sqft
  • Baths : 1 Full

5622 N Rt 83 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PINE VALLEY ELEMENTARY SCHOOL Primary Regular 332 35 5
PINE VALLEY JR.-SR. HIGH SCHOOL Middle Regular 318 33 7
PINE VALLEY JR.-SR. HIGH SCHOOL High Regular 318 33 7

PINE VALLEY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 332
  • # of teachers: 35
5
GreatSchools Rating

PINE VALLEY JR.-SR. HIGH SCHOOL

  • Education Level: Middle
  • # of students: 318
  • # of teachers: 33
7
GreatSchools Rating

PINE VALLEY JR.-SR. HIGH SCHOOL

  • Education Level: High
  • # of students: 318
  • # of teachers: 33
7
GreatSchools Rating
 

Financial Details

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Neighborhood

ELLINGTON

  • 130

    POPULATION
  • 45

    HOUSEHOLDS
  • 56.6%

    WHITE COLLAR

Neighborhood : ELLINGTON

HOUSEHOLDS
45
POPULATION

130

15.4%Renters
84.6%Home Owners
LABOR FORCE

 

56.6%White Collar
43.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,292 per month.

MY RENT : $2,292 MEDIAN RENT : $1,860

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 8.0%
>=$1,500 92.0%
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 $2,292 would therefore be considered affordable for annual household incomes greater than $91,680 (12 months x 3.333 x $2,292).

Rent % Affordability
Above $500 81.4%
Above $700 74.9%
Above $1,100 64.2%
Above $1,500 46.5%
Above $1,900 27.3%
HOUSEHOLD INCOME RANGE

Approximately 7 of households in this neighborhood have a total annual income of $91,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,292 per month.

MINIMUM INCOME RANGE : $91,680

Income % Distribution
<$20K 18.6%
$20K-$35K 9.3%
$35K-$60K 25.6%
$60K-$100K 32.6%
>=$100K 14.0%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 24% 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 3.4%
5-9 mins 10.2%
10-14 mins 10.2%
15-19 mins 13.6%
20-29 mins 27.1%
30-44 mins 25.4%
45-59 mins 5.1%
>60 mins 5.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,292 per month.

MY RENT : $2,292 MEDIAN RENT : $1,860

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 8.0%
>=$1,500 92.0%
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 $2,292 would therefore be considered affordable for annual household incomes greater than $91,680 (12 months x 3.333 x $2,292).

Rent % Affordability
Above $500 81.4%
Above $700 74.9%
Above $1,100 64.2%
Above $1,500 46.5%
Above $1,900 27.3%
HOUSEHOLD INCOME RANGE

Approximately 7 of households in this neighborhood have a total annual income of $91,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,292 per month.

MINIMUM INCOME RANGE : $91,680

Income % Distribution
<$20K 18.6%
$20K-$35K 9.3%
$35K-$60K 25.6%
$60K-$100K 32.6%
>=$100K 14.0%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 24% 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 3.4%
5-9 mins 10.2%
10-14 mins 10.2%
15-19 mins 13.6%
20-29 mins 27.1%
30-44 mins 25.4%
45-59 mins 5.1%
>60 mins 5.1%

ELLINGTON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 10.0%
Arts & Entertainment 11.7%
Health Care & Social Assistance 15.0%
Manufacturing 20.0%
Retail & Wholesale Trader 6.7%
Transportation 6.7%
Other 30.0%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 34% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 19.2%
15-19 8.5%
20-24 6.2%
25-44 20.0%
45-65 32.3%
66+ 13.8%
OCCUPATION

Occupation % Distribution
Healthcare 5.4%
Management, Business, & Financial 24.3%
Natural Resources Maintenance 10.8%
Production & Transportation 27.0%
Sales & Office 13.5%
Social 5.4%
Other 13.5%
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 13.2%
High School 44.0%
Masters Degree 2.2%
Some College 16.5%
Some High School 15.4%
Other 8.8%

5622 N Rt 83 Comps

Sorry, we do not have sufficient data available.

5622 N Rt 83, Ellington, NY 14732 is a single family home of 1,248 sqft. HomeUnion INVESTimateĀ® for 5622 N Rt 83 includes a Price Estimate of $124,334 and a Rent Estimate of $2,292. This single family home has 4 bedrooms,1 bathrooms, and was built in 1880. This property has an estimated 15 year annualized Yield of 22.12% and Total Return of 38.53%. The estimated 1 year forecast in home value for 5622 N Rt 83 is 0.28%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , CHAUTAUQUA County , or the 14732 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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