1. < Falls Rd

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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.

8439 Falls Rd West Falls, NY 14170

3 Beds 3 Baths 1,872 sqft Built 1978
Last updated:  Oct 23, 2019

INVESTimate

$167,577

$156K - $179K

Price Est.

$2,659

$2.4K - $2.9K

Rent Est.

$55,908

Investment Est.

$180,799  ( +7.89%)   1 YR EST. FORECAST

8439 Falls Rd PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $89.52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,872 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
8439 Falls Rd, West Falls, NY 14170 is a single family home of 1,872 sqft. HomeUnion estimate for 8439 Falls Rd includes a Price Estimate of $167,577 and a Rent Estimate of $2,659. This single family home has 3 bedrooms, 3 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 19.04% and Total Return of 26.34%. The estimated 1 year forecast in home value for 8439 Falls Rd is 7.89%.

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8439 Falls Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PARKDALE ELEMENTARY SCHOOL Primary Regular 629 41 8
EAST AURORA HIGH SCHOOL High Regular 668 46 10

PARKDALE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 41
8
GreatSchools Rating

EAST AURORA HIGH SCHOOL

  • Education Level: High
  • # of students: 668
  • # of teachers: 46
10
GreatSchools Rating
 

Financial Details

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Neighborhood

WEST FALLS

  • 2,215

    POPULATION

  • 872

    HOUSEHOLDS

  • 68.3%

    WHITE COLLAR

Neighborhood : WEST FALLS

HOUSEHOLDS
872
POPULATION

2,215

12.8%Renters
87.2%Home Owners
LABOR FORCE

 

68.3%White Collar
31.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,659 per month.

MY RENT : $2,659 MEDIAN RENT : $2,195

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.1%
>=$1,500 99.9%
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 $2,659 would therefore be considered affordable for annual household incomes greater than $106,360 (12 months x 3.333 x $2,659).

Rent % Affordability
Above $500 87.1%
Above $700 82.6%
Above $1,100 71.6%
Above $1,500 58.4%
Above $1,900 45.4%
HOUSEHOLD INCOME RANGE

Approximately 156 of households in this neighborhood have a total annual income of $106,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,659 per month.

MINIMUM INCOME RANGE : $106,360

Income % Distribution
<$20K 12.9%
$20K-$35K 9.1%
$35K-$60K 19.6%
$60K-$100K 27.3%
>=$100K 31.1%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 19% 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 1.3%
5-9 mins 3.4%
10-14 mins 13.9%
15-19 mins 7.9%
20-29 mins 28.5%
30-44 mins 32.6%
45-59 mins 7.6%
>60 mins 4.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,659 per month.

MY RENT : $2,659 MEDIAN RENT : $2,195

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.1%
>=$1,500 99.9%
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 $2,659 would therefore be considered affordable for annual household incomes greater than $106,360 (12 months x 3.333 x $2,659).

Rent % Affordability
Above $500 87.1%
Above $700 82.6%
Above $1,100 71.6%
Above $1,500 58.4%
Above $1,900 45.4%
HOUSEHOLD INCOME RANGE

Approximately 156 of households in this neighborhood have a total annual income of $106,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,659 per month.

MINIMUM INCOME RANGE : $106,360

Income % Distribution
<$20K 12.9%
$20K-$35K 9.1%
$35K-$60K 19.6%
$60K-$100K 27.3%
>=$100K 31.1%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 19% 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 1.3%
5-9 mins 3.4%
10-14 mins 13.9%
15-19 mins 7.9%
20-29 mins 28.5%
30-44 mins 32.6%
45-59 mins 7.6%
>60 mins 4.8%
WEST FALLS Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 10.0%
Construction 9.7%
Educational Services 9.5%
Health Care & Social Assistance 16.1%
Manufacturing 11.2%
Retail & Wholesale Trader 10.8%
Other 32.7%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 6.3%
Healthcare 14.5%
Management, Business, & Financial 19.6%
Natural Resources Maintenance 12.1%
Production & Transportation 10.3%
Sales & Office 21.7%
Other 15.5%
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 18.5%
15-19 7.5%
20-24 4.7%
25-44 19.1%
45-65 35.9%
66+ 14.2%
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 27.4%
Masters Degree 10.4%
Some College 20.1%
Some High School 6.8%
Other 24.5%

WEST FALLS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.0%
Construction 9.7%
Educational Services 9.5%
Health Care & Social Assistance 16.1%
Manufacturing 11.2%
Retail & Wholesale Trader 10.8%
Other 32.7%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 31% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 18.5%
15-19 7.5%
20-24 4.7%
25-44 19.1%
45-65 35.9%
66+ 14.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.3%
Healthcare 14.5%
Management, Business, & Financial 19.6%
Natural Resources Maintenance 12.1%
Production & Transportation 10.3%
Sales & Office 21.7%
Other 15.5%
HIGHEST EDUCATION LEVEL

27% 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 27.4%
Masters Degree 10.4%
Some College 20.1%
Some High School 6.8%
Other 24.5%

8439 Falls Rd Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , ERIE County , or the 14170 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 14033
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