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8838 Ridge Ln PROPERTY INFO
FACTS
- Built In 1993
- Price/Sqft : $163.82
CONSTRUCTION
- Beds : 0
- Floor Size : 1,878 sqft
- Baths : 1 Full 1 Half
8838 Ridge Ln SCHOOLS
Financial Details
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Orland Hills
Neighborhood : Orland Hills
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 $2,365 per month.
MY RENT : $2,365 MEDIAN RENT : $1,910
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 $2,365 would therefore be considered affordable for annual household incomes greater than $94,600 (12 months x 3.333 x $2,365).
HOUSEHOLD INCOME RANGE
Approximately 805 of households in this neighborhood have a total annual income of $94,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,365 per month.
MINIMUM INCOME RANGE : $94,600
COMMUTE TIME DISTRIBUTION
40% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.
Orland Hills Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 9.2% |
| Construction | 7.0% |
| Educational Services | 7.1% |
| Health Care & Social Assistance | 18.0% |
| Professional & Scientific Tech Services | 7.7% |
| Retail & Wholesale Trader | 17.1% |
| Other | 33.9% |
AGE DISTRIBUTION
55% of the population is between the ages of 25 and 64, 36% is 24 or younger and 9% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 19.6% |
| 15-19 | 9.6% |
| 20-24 | 6.5% |
| 25-44 | 27.2% |
| 45-65 | 28.2% |
| 66+ | 8.9% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 7.6% |
| Healthcare | 10.4% |
| Management, Business, & Financial | 12.3% |
| Natural Resources Maintenance | 7.5% |
| Production & Transportation | 14.3% |
| Sales & Office | 28.0% |
| Other | 19.9% |
HIGHEST EDUCATION LEVEL
21% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 10.2% |
| High School | 28.2% |
| Masters Degree | 10.1% |
| Some College | 22.1% |
| Some High School | 9.0% |
| Other | 20.5% |
8838 Ridge Ln Comps
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8838 Ridge Ln, Orland Hills, IL 60487 is a single family home of 1,878 sqft. HomeUnion INVESTimateĀ® for 8838 Ridge Ln includes a Price Estimate of $307,647 and a Rent Estimate of $2,365. This single family home has 0 bedrooms,2 bathrooms, and was built in 1993. This property has an estimated 15 year annualized Yield of 9.22% and Total Return of 21.47%. The estimated 1 year forecast in home value for 8838 Ridge Ln is 4.92%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , COOK County , or the 60487 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
