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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

809 Spruce St Allison, IA 50602

2 Beds 2 Baths 848 sqft Built 1962
Last updated:  Jan 23, 2020

INVESTimate

$33,797

$32.7K - $34.9K

Price Est.

$665

581 - 749

Rent Est.

$35,210  ( +4.18%)   1 YR EST. FORECAST
  
  
  

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809 Spruce St PROPERTY INFO

FACTS
  • Built In 1962
  • Price/Sqft : $39.85
CONSTRUCTION
  • Beds : 2
  • Floor Size : 848 sqft
  • Baths : 1 Full 1 Half

809 Spruce St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ALLISON ELEMENTARY SCHOOL Primary Regular 166 11 NA
NORTH BUTLER MIDDLE SCHOOL Middle Regular 186 11 NA
NORTH BUTLER HIGH SCHOOL High Regular 187 15 NA

ALLISON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 166
  • # of teachers: 11
-1
GreatSchools Rating

NORTH BUTLER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 186
  • # of teachers: 11
-1
GreatSchools Rating

NORTH BUTLER HIGH SCHOOL

  • Education Level: High
  • # of students: 187
  • # of teachers: 15
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

ALLISON

  • 1,662

    POPULATION
  • 690

    HOUSEHOLDS
  • 58.8%

    WHITE COLLAR

Neighborhood : ALLISON

HOUSEHOLDS
690
POPULATION

1,662

22.2%Renters
77.8%Home Owners
LABOR FORCE

 

58.8%White Collar
41.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $665 per month.

MY RENT : $665 MEDIAN RENT : $854

Rent % Distribution LEVEL
$500-699 23.0%
$700-899 32.9%
$900-999 17.0%
$1,000-1,499 25.1%
>=$1,500 1.9%
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 $665 would therefore be considered affordable for annual household incomes greater than $26,600 (12 months x 3.333 x $665).

Rent % Affordability
Above $500 86.1%
Above $700 79.0%
Above $1,100 67.4%
Above $1,500 48.8%
Above $1,900 36.0%
HOUSEHOLD INCOME RANGE

Approximately 1,162 of households in this neighborhood have a total annual income of $26,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $665 per month.

MINIMUM INCOME RANGE : $26,600

Income % Distribution
<$20K 13.9%
$20K-$35K 10.0%
$35K-$60K 27.3%
$60K-$100K 28.9%
>=$100K 19.9%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.9%
5-9 mins 16.6%
10-14 mins 9.1%
15-19 mins 11.0%
20-29 mins 20.7%
30-44 mins 19.8%
45-59 mins 5.8%
>60 mins 4.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $665 per month.

MY RENT : $665 MEDIAN RENT : $854

Rent % Distribution
$500-699 23.0%
$700-899 32.9%
$900-999 17.0%
$1,000-1,499 25.1%
>=$1,500 1.9%
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 $665 would therefore be considered affordable for annual household incomes greater than $26,600 (12 months x 3.333 x $665).

Rent % Affordability
Above $500 86.1%
Above $700 79.0%
Above $1,100 67.4%
Above $1,500 48.8%
Above $1,900 36.0%
HOUSEHOLD INCOME RANGE

Approximately 1,162 of households in this neighborhood have a total annual income of $26,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $665 per month.

MINIMUM INCOME RANGE : $26,600

Income % Distribution
<$20K 13.9%
$20K-$35K 10.0%
$35K-$60K 27.3%
$60K-$100K 28.9%
>=$100K 19.9%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.9%
5-9 mins 16.6%
10-14 mins 9.1%
15-19 mins 11.0%
20-29 mins 20.7%
30-44 mins 19.8%
45-59 mins 5.8%
>60 mins 4.1%

ALLISON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 6.0%
Educational Services 7.2%
Health Care & Social Assistance 13.7%
Manufacturing 20.8%
Professional & Scientific Tech Services 8.3%
Retail & Wholesale Trader 15.7%
Other 28.3%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 28% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 17.2%
15-19 7.0%
20-24 3.5%
25-44 24.7%
45-65 24.7%
66+ 23.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.4%
Healthcare 5.6%
Management, Business, & Financial 13.6%
Natural Resources Maintenance 7.7%
Production & Transportation 25.1%
Sales & Office 23.0%
Other 16.7%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.7%
High School 37.6%
Masters Degree 6.5%
Some College 26.0%
Some High School 7.3%
Other 10.1%

809 Spruce St Comps

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809 Spruce St, Allison, IA 50602 is a single family home of 848 sqft. HomeUnion INVESTimateĀ® for 809 Spruce St includes a Price Estimate of $33,797 and a Rent Estimate of $665. This single family home has 2 bedrooms,2 bathrooms, and was built in 1962. This property has an estimated 15 year annualized Yield of 23.61% and Total Return of 26.55%. The estimated 1 year forecast in home value for 809 Spruce St is 4.18%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , BUTLER County , or the 50602 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 50625
  2. 50613
  3. 50660