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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

605 E 1st St Homer, IL 61849

0 Beds 0 Baths 915 sqft Built 1920
Last updated:  Nov 28, 2019

INVESTimate

$63,521

$59.5K - $67.6K

Price Est.

$762

701 - 823

Rent Est.

$64,798  ( +2.01%)   1 YR EST. FORECAST
  
  
  

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605 E 1st St PROPERTY INFO

FACTS
  • Built In 1920
  • Price/Sqft : $69.42
CONSTRUCTION
  • Beds : 0
  • Floor Size : 915 sqft
  • Baths : 0 Full

605 E 1st St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HERITAGE JR HIGH SCHOOL Middle Regular 114 8 6
HERITAGE HIGH SCHOOL High Regular 155 15 6

HERITAGE JR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 114
  • # of teachers: 8
6
GreatSchools Rating

HERITAGE HIGH SCHOOL

  • Education Level: High
  • # of students: 155
  • # of teachers: 15
6
GreatSchools Rating
 

Financial Details

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Neighborhood

HOMER

  • 1,941

    POPULATION
  • 756

    HOUSEHOLDS
  • 53.6%

    WHITE COLLAR

Neighborhood : HOMER

HOUSEHOLDS
756
POPULATION

1,941

15.0%Renters
85.0%Home Owners
LABOR FORCE

 

53.6%White Collar
46.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $762 per month.

MY RENT : $762 MEDIAN RENT : $991

Rent % Distribution LEVEL
$500-699 4.4%
$700-899 29.5%
$900-999 17.0%
$1,000-1,499 43.3%
>=$1,500 5.9%
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 $762 would therefore be considered affordable for annual household incomes greater than $30,480 (12 months x 3.333 x $762).

Rent % Affordability
Above $500 91.2%
Above $700 84.7%
Above $1,100 71.1%
Above $1,500 51.7%
Above $1,900 41.0%
HOUSEHOLD INCOME RANGE

Approximately 1,582 of households in this neighborhood have a total annual income of $30,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $762 per month.

MINIMUM INCOME RANGE : $30,480

Income % Distribution
<$20K 8.8%
$20K-$35K 14.6%
$35K-$60K 24.9%
$60K-$100K 26.7%
>=$100K 25.1%
COMMUTE TIME DISTRIBUTION

76% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 6.4%
10-14 mins 4.1%
15-19 mins 8.1%
20-29 mins 32.6%
30-44 mins 35.3%
45-59 mins 6.5%
>60 mins 2.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $762 per month.

MY RENT : $762 MEDIAN RENT : $991

Rent % Distribution
$500-699 4.4%
$700-899 29.5%
$900-999 17.0%
$1,000-1,499 43.3%
>=$1,500 5.9%
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 $762 would therefore be considered affordable for annual household incomes greater than $30,480 (12 months x 3.333 x $762).

Rent % Affordability
Above $500 91.2%
Above $700 84.7%
Above $1,100 71.1%
Above $1,500 51.7%
Above $1,900 41.0%
HOUSEHOLD INCOME RANGE

Approximately 1,582 of households in this neighborhood have a total annual income of $30,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $762 per month.

MINIMUM INCOME RANGE : $30,480

Income % Distribution
<$20K 8.8%
$20K-$35K 14.6%
$35K-$60K 24.9%
$60K-$100K 26.7%
>=$100K 25.1%
COMMUTE TIME DISTRIBUTION

76% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 6.4%
10-14 mins 4.1%
15-19 mins 8.1%
20-29 mins 32.6%
30-44 mins 35.3%
45-59 mins 6.5%
>60 mins 2.1%

HOMER Demographics

INDUSTRY

Industry % Distribution
Educational Services 14.0%
Health Care & Social Assistance 12.7%
Manufacturing 8.7%
Public Administration 7.1%
Retail & Wholesale Trader 23.6%
Transportation 6.0%
Other 27.9%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 33% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 21.5%
15-19 5.5%
20-24 6.4%
25-44 22.2%
45-65 28.2%
66+ 16.2%
OCCUPATION

Occupation % Distribution
Healthcare 6.2%
Management, Business, & Financial 17.8%
Natural Resources Maintenance 12.9%
Production & Transportation 19.7%
Protect 6.6%
Sales & Office 22.9%
Other 13.8%
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 10.0%
High School 39.3%
Masters Degree 6.2%
Some College 25.2%
Some High School 5.0%
Other 14.4%

605 E 1st St Comps

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605 E 1st St, Homer, IL 61849 is a single family home of 915 sqft. HomeUnion INVESTimateĀ® for 605 E 1st St includes a Price Estimate of $63,521 and a Rent Estimate of $762. This single family home has 0 bedrooms,0 bathrooms, and was built in 1920. This property has an estimated 15 year annualized Yield of 14.40% and Total Return of 20.38%. The estimated 1 year forecast in home value for 605 E 1st St is 2.01%.

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