INVESTimate
$54,627
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780 Ivory Foster Rd PROPERTY INFO
FACTS
- Built In 1965
- Price/Sqft : $69.55
CONSTRUCTION
- Beds : 4
- Floor Size : 2,340 sqft
- Baths : 2 Full 1 Half
780 Ivory Foster Rd SCHOOLS
Financial Details
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OWEGO
Neighborhood : OWEGO
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 83% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,260 per month.
MY RENT : $2,260 MEDIAN RENT : $1,787
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 $2,260 would therefore be considered affordable for annual household incomes greater than $90,400 (12 months x 3.333 x $2,260).
HOUSEHOLD INCOME RANGE
Approximately 1,264 of households in this neighborhood have a total annual income of $90,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,260 per month.
MINIMUM INCOME RANGE : $90,400
COMMUTE TIME DISTRIBUTION
50% of the working population has a commute time of 15 to 44 minutes, 40% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.
OWEGO Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 9.8% |
Construction | 6.5% |
Educational Services | 13.6% |
Health Care & Social Assistance | 8.1% |
Manufacturing | 13.3% |
Retail & Wholesale Trader | 17.9% |
Other | 30.8% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 28% is 24 or younger and 21% is 65 or older.
Age | % Distribution |
---|---|
<15 | 15.7% |
15-19 | 5.3% |
20-24 | 6.8% |
25-44 | 20.0% |
45-65 | 31.6% |
66+ | 20.8% |
OCCUPATION
Occupation | % Distribution |
---|---|
Clean | 4.4% |
Computer Engineering | 8.3% |
Management, Business, & Financial | 18.3% |
Natural Resources Maintenance | 11.8% |
Production & Transportation | 11.2% |
Sales & Office | 26.0% |
Other | 19.9% |
HIGHEST EDUCATION LEVEL
19% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 10.3% |
High School | 32.4% |
Masters Degree | 6.5% |
Some College | 20.3% |
Some High School | 10.7% |
Other | 19.7% |
780 Ivory Foster Rd Comps
780 Ivory Foster Rd, Owego, NY 13827 is a single family home of 2,340 sqft. HomeUnion INVESTimateĀ® for 780 Ivory Foster Rd includes a Price Estimate of $162,744 and a Rent Estimate of $2,260. This single family home has 4 bedrooms,3 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 16.66% and Total Return of 27.70%. The estimated 1 year forecast in home value for 780 Ivory Foster Rd is 1.65%.
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