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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

6243 N Co Road 2200 E Westfield, IL 62474

2 Beds 1 Baths 1,092 sqft Built 1917
Last updated:  Dec 26, 2019

INVESTimate

$70,066

$66.1K - $74.0K

Price Est.

$933

797 - $1.1K

Rent Est.

$73,142  ( +4.39%)   1 YR EST. FORECAST
  
  
  

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6243 N Co Road 2200 E PROPERTY INFO

FACTS
  • Built In 1917
  • Price/Sqft : $64.16
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,092 sqft
  • Baths : 1 Full

6243 N Co Road 2200 E SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CHARLESTON HIGH SCHOOL High Regular 823 47 8

CHARLESTON HIGH SCHOOL

  • Education Level: High
  • # of students: 823
  • # of teachers: 47
8
GreatSchools Rating
 

Financial Details

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Neighborhood

WESTFIELD

  • 981

    POPULATION
  • 392

    HOUSEHOLDS
  • 45.0%

    WHITE COLLAR

Neighborhood : WESTFIELD

HOUSEHOLDS
392
POPULATION

981

11.0%Renters
89.0%Home Owners
LABOR FORCE

 

45.0%White Collar
55.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 61% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $933 per month.

MY RENT : $933 MEDIAN RENT : $962

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 28.7%
$900-999 32.8%
$1,000-1,499 36.9%
>=$1,500 1.7%
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 $933 would therefore be considered affordable for annual household incomes greater than $37,320 (12 months x 3.333 x $933).

Rent % Affordability
Above $500 89.2%
Above $700 82.2%
Above $1,100 64.5%
Above $1,500 40.0%
Above $1,900 24.9%
HOUSEHOLD INCOME RANGE

Approximately 204 of households in this neighborhood have a total annual income of $37,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $933 per month.

MINIMUM INCOME RANGE : $37,320

Income % Distribution
<$20K 10.8%
$20K-$35K 16.4%
$35K-$60K 32.8%
$60K-$100K 25.6%
>=$100K 14.4%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 7.9%
10-14 mins 6.3%
15-19 mins 24.0%
20-29 mins 28.3%
30-44 mins 19.6%
45-59 mins 4.5%
>60 mins 7.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 61% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $933 per month.

MY RENT : $933 MEDIAN RENT : $962

Rent % Distribution
$500-699 0.0%
$700-899 28.7%
$900-999 32.8%
$1,000-1,499 36.9%
>=$1,500 1.7%
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 $933 would therefore be considered affordable for annual household incomes greater than $37,320 (12 months x 3.333 x $933).

Rent % Affordability
Above $500 89.2%
Above $700 82.2%
Above $1,100 64.5%
Above $1,500 40.0%
Above $1,900 24.9%
HOUSEHOLD INCOME RANGE

Approximately 204 of households in this neighborhood have a total annual income of $37,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $933 per month.

MINIMUM INCOME RANGE : $37,320

Income % Distribution
<$20K 10.8%
$20K-$35K 16.4%
$35K-$60K 32.8%
$60K-$100K 25.6%
>=$100K 14.4%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 7.9%
10-14 mins 6.3%
15-19 mins 24.0%
20-29 mins 28.3%
30-44 mins 19.6%
45-59 mins 4.5%
>60 mins 7.2%

WESTFIELD Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 7.3%
Construction 13.0%
Educational Services 8.1%
Health Care & Social Assistance 13.6%
Manufacturing 17.9%
Retail & Wholesale Trader 11.2%
Other 28.9%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 31% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 17.4%
15-19 8.5%
20-24 4.7%
25-44 22.5%
45-65 27.0%
66+ 19.9%
OCCUPATION

Occupation % Distribution
Education 6.9%
Healthcare 5.2%
Management, Business, & Financial 14.8%
Natural Resources Maintenance 14.8%
Production & Transportation 19.2%
Sales & Office 23.9%
Other 15.1%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.8%
High School 40.7%
Masters Degree 2.8%
Some College 28.9%
Some High School 5.5%
Other 10.3%

6243 N Co Road 2200 E Comps

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6243 N Co Road 2200 E, Westfield, IL 62474 is a single family home of 1,092 sqft. HomeUnion INVESTimateĀ® for 6243 N Co Road 2200 E includes a Price Estimate of $70,066 and a Rent Estimate of $933. This single family home has 2 bedrooms,1 bathrooms, and was built in 1917. This property has an estimated 15 year annualized Yield of 15.98% and Total Return of 23.57%. The estimated 1 year forecast in home value for 6243 N Co Road 2200 E is 4.39%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , COLES County , or the 62474 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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