1. < 1st W St

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This page contains information about each property aggregated from public data sources, 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.

702 W 1st St Homer, IL 61849

0 Beds 0 Baths 1,775 sqft Built 1916
Last updated:  Nov 28, 2019

INVESTimate

$163,605

$153K - $174K

Price Est.

$1,243

$1.1K - $1.3K

Rent Est.

$54,855

Investment Est.

$166,893  ( +2.01%)   1 YR EST. FORECAST

702 W 1st St PROPERTY INFO

FACTS
  • Built In 1916
  • Price/Sqft : $92.17
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,775 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
702 W 1st St, Homer, IL 61849 is a single family home of 1,775 sqft. HomeUnion estimate for 702 W 1st St includes a Price Estimate of $163,605 and a Rent Estimate of $1,243. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1916. This property has an estimated 15 year annualized Yield of 9.12% and Total Return of 14.06%. The estimated 1 year forecast in home value for 702 W 1st St is 2.01%.

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702 W 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

  • 1,875

    POPULATION

  • 732

    HOUSEHOLDS

  • 52.1%

    WHITE COLLAR

Neighborhood : HOMER

HOUSEHOLDS
732
POPULATION

1,875

15.3%Renters
84.7%Home Owners
LABOR FORCE

 

52.1%White Collar
47.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,243 per month.

MY RENT : $1,243 MEDIAN RENT : $992

Rent % Distribution LEVEL
$500-699 4.3%
$700-899 29.1%
$900-999 17.5%
$1,000-1,499 44.0%
>=$1,500 5.0%
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 $1,243 would therefore be considered affordable for annual household incomes greater than $49,720 (12 months x 3.333 x $1,243).

Rent % Affordability
Above $500 90.4%
Above $700 81.6%
Above $1,100 65.6%
Above $1,500 45.8%
Above $1,900 36.1%
HOUSEHOLD INCOME RANGE

Approximately 369 of households in this neighborhood have a total annual income of $49,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,243 per month.

MINIMUM INCOME RANGE : $49,720

Income % Distribution
<$20K 9.6%
$20K-$35K 16.5%
$35K-$60K 28.1%
$60K-$100K 24.6%
>=$100K 21.3%
COMMUTE TIME DISTRIBUTION

77% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.8%
5-9 mins 7.3%
10-14 mins 2.7%
15-19 mins 7.5%
20-29 mins 31.5%
30-44 mins 37.8%
45-59 mins 5.1%
>60 mins 2.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,243 per month.

MY RENT : $1,243 MEDIAN RENT : $992

Rent % Distribution
$500-699 4.3%
$700-899 29.1%
$900-999 17.5%
$1,000-1,499 44.0%
>=$1,500 5.0%
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 $1,243 would therefore be considered affordable for annual household incomes greater than $49,720 (12 months x 3.333 x $1,243).

Rent % Affordability
Above $500 90.4%
Above $700 81.6%
Above $1,100 65.6%
Above $1,500 45.8%
Above $1,900 36.1%
HOUSEHOLD INCOME RANGE

Approximately 369 of households in this neighborhood have a total annual income of $49,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,243 per month.

MINIMUM INCOME RANGE : $49,720

Income % Distribution
<$20K 9.6%
$20K-$35K 16.5%
$35K-$60K 28.1%
$60K-$100K 24.6%
>=$100K 21.3%
COMMUTE TIME DISTRIBUTION

77% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.8%
5-9 mins 7.3%
10-14 mins 2.7%
15-19 mins 7.5%
20-29 mins 31.5%
30-44 mins 37.8%
45-59 mins 5.1%
>60 mins 2.1%
HOMER Demographics
INDUSTRY

           

Industry % Distribution
Construction 4.6%
Educational Services 13.4%
Health Care & Social Assistance 13.4%
Manufacturing 11.6%
Public Administration 4.6%
Retail & Wholesale Trader 23.6%
Other 28.8%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 4.8%
Healthcare 6.2%
Management, Business, & Financial 16.0%
Natural Resources Maintenance 13.1%
Production & Transportation 21.3%
Sales & Office 23.1%
Other 15.6%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 22.0%
15-19 4.9%
20-24 6.2%
25-44 21.6%
45-65 28.7%
66+ 16.6%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 10.8%
High School 37.9%
Masters Degree 6.7%
Some College 26.6%
Some High School 4.7%
Other 13.2%

HOMER Demographics

INDUSTRY

Industry % Distribution
Construction 4.6%
Educational Services 13.4%
Health Care & Social Assistance 13.4%
Manufacturing 11.6%
Public Administration 4.6%
Retail & Wholesale Trader 23.6%
Other 28.8%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 33% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 22.0%
15-19 4.9%
20-24 6.2%
25-44 21.6%
45-65 28.7%
66+ 16.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.8%
Healthcare 6.2%
Management, Business, & Financial 16.0%
Natural Resources Maintenance 13.1%
Production & Transportation 21.3%
Sales & Office 23.1%
Other 15.6%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.8%
High School 37.9%
Masters Degree 6.7%
Some College 26.6%
Some High School 4.7%
Other 13.2%

702 W 1st St Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , CHAMPAIGN County , or the 61849 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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