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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

607 3rd Ave Nw Farley, IA 52046

4 Beds 2 Baths 1,636 sqft Built 1976
Last updated:  Jan 23, 2020

INVESTimate

$137,977

$129K - $147K

Price Est.

$1,214

$1.1K - $1.3K

Rent Est.

$138,156  ( +0.13%)   1 YR EST. FORECAST
  
  
  

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607 3rd Ave Nw PROPERTY INFO

FACTS
  • Built In 1976
  • Price/Sqft : $84.34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,636 sqft
  • Baths : 2 Full

607 3rd Ave Nw SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DREXLER MIDDLE-INTERMEDIATE SCHOOL Primary Regular 691 43 NA
DREXLER MIDDLE-INTERMEDIATE SCHOOL Middle Regular 691 43 NA
WESTERN DUBUQUE HIGH SCHOOL High Regular 796 51 NA

DREXLER MIDDLE-INTERMEDIATE SCHOOL

  • Education Level: Primary
  • # of students: 691
  • # of teachers: 43
-1
GreatSchools Rating

DREXLER MIDDLE-INTERMEDIATE SCHOOL

  • Education Level: Middle
  • # of students: 691
  • # of teachers: 43
-1
GreatSchools Rating

WESTERN DUBUQUE HIGH SCHOOL

  • Education Level: High
  • # of students: 796
  • # of teachers: 51
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

FARLEY

  • 2,330

    POPULATION
  • 878

    HOUSEHOLDS
  • 52.7%

    WHITE COLLAR

Neighborhood : FARLEY

HOUSEHOLDS
878
POPULATION

2,330

17.0%Renters
83.0%Home Owners
LABOR FORCE

 

52.7%White Collar
47.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,214 per month.

MY RENT : $1,214 MEDIAN RENT : $1,180

Rent % Distribution LEVEL
$500-699 0.1%
$700-899 13.7%
$900-999 13.7%
$1,000-1,499 41.4%
>=$1,500 31.0%
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 $1,214 would therefore be considered affordable for annual household incomes greater than $48,560 (12 months x 3.333 x $1,214).

Rent % Affordability
Above $500 90.0%
Above $700 84.0%
Above $1,100 72.4%
Above $1,500 61.9%
Above $1,900 47.7%
HOUSEHOLD INCOME RANGE

Approximately 576 of households in this neighborhood have a total annual income of $48,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,214 per month.

MINIMUM INCOME RANGE : $48,560

Income % Distribution
<$20K 10.0%
$20K-$35K 9.9%
$35K-$60K 18.2%
$60K-$100K 39.8%
>=$100K 22.2%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 42% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.3%
5-9 mins 14.4%
10-14 mins 15.5%
15-19 mins 9.9%
20-29 mins 23.4%
30-44 mins 20.3%
45-59 mins 2.0%
>60 mins 2.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,214 per month.

MY RENT : $1,214 MEDIAN RENT : $1,180

Rent % Distribution
$500-699 0.1%
$700-899 13.7%
$900-999 13.7%
$1,000-1,499 41.4%
>=$1,500 31.0%
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 $1,214 would therefore be considered affordable for annual household incomes greater than $48,560 (12 months x 3.333 x $1,214).

Rent % Affordability
Above $500 90.0%
Above $700 84.0%
Above $1,100 72.4%
Above $1,500 61.9%
Above $1,900 47.7%
HOUSEHOLD INCOME RANGE

Approximately 576 of households in this neighborhood have a total annual income of $48,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,214 per month.

MINIMUM INCOME RANGE : $48,560

Income % Distribution
<$20K 10.0%
$20K-$35K 9.9%
$35K-$60K 18.2%
$60K-$100K 39.8%
>=$100K 22.2%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 42% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.3%
5-9 mins 14.4%
10-14 mins 15.5%
15-19 mins 9.9%
20-29 mins 23.4%
30-44 mins 20.3%
45-59 mins 2.0%
>60 mins 2.2%

FARLEY Demographics

INDUSTRY

Industry % Distribution
Construction 10.2%
Educational Services 8.6%
Financial Industries 6.7%
Health Care & Social Assistance 16.9%
Manufacturing 15.7%
Retail & Wholesale Trader 17.5%
Other 24.4%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 35% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 19.8%
15-19 6.0%
20-24 9.4%
25-44 26.1%
45-65 26.4%
66+ 12.3%
OCCUPATION

Occupation % Distribution
Healthcare 12.1%
Management, Business, & Financial 14.3%
Natural Resources Maintenance 12.8%
PCare 6.2%
Production & Transportation 23.7%
Sales & Office 19.6%
Other 11.3%
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 12.4%
High School 41.9%
Masters Degree 2.8%
Some College 19.2%
Some High School 7.2%
Other 16.4%

607 3rd Ave Nw Comps

Sorry, we do not have sufficient data available.

607 3rd Ave Nw, Farley, IA 52046 is a single family home of 1,636 sqft. HomeUnion INVESTimateĀ® for 607 3rd Ave Nw includes a Price Estimate of $137,977 and a Rent Estimate of $1,214. This single family home has 4 bedrooms,2 bathrooms, and was built in 1976. This property has an estimated 15 year annualized Yield of 10.56% and Total Return of 16.00%. The estimated 1 year forecast in home value for 607 3rd Ave Nw is 0.13%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , DUBUQUE County , or the 52046 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 52040