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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

9243 Grove St Adams, NY 13605

3 Beds 1 Baths 960 sqft Built 1990
Last updated:  Dec 26, 2019

INVESTimate

$128,247

$121K - $136K

Price Est.

$1,384

$1.3K - $1.5K

Rent Est.

$131,261  ( +2.35%)   1 YR EST. FORECAST
  
  
  

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9243 Grove St PROPERTY INFO

FACTS
  • Built In 1990
  • Price/Sqft : $133.59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 960 sqft
  • Baths : 1 Full

9243 Grove St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SOUTH JEFFERSON HIGH SCHOOL High Regular 618 38 8

SOUTH JEFFERSON HIGH SCHOOL

  • Education Level: High
  • # of students: 618
  • # of teachers: 38
8
GreatSchools Rating
 

Financial Details

See Financial Details

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Neighborhood

ADAMS

  • 4,921

    POPULATION
  • 1,873

    HOUSEHOLDS
  • 62.4%

    WHITE COLLAR

Neighborhood : ADAMS

HOUSEHOLDS
1,873
POPULATION

4,921

24.0%Renters
76.0%Home Owners
LABOR FORCE

 

62.4%White Collar
37.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 69% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,384 per month.

MY RENT : $1,384 MEDIAN RENT : $1,583

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.2%
$900-999 0.3%
$1,000-1,499 39.3%
>=$1,500 60.2%
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 $1,384 would therefore be considered affordable for annual household incomes greater than $55,360 (12 months x 3.333 x $1,384).

Rent % Affordability
Above $500 81.5%
Above $700 75.5%
Above $1,100 56.3%
Above $1,500 46.1%
Above $1,900 35.7%
HOUSEHOLD INCOME RANGE

Approximately 894 of households in this neighborhood have a total annual income of $55,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,384 per month.

MINIMUM INCOME RANGE : $55,360

Income % Distribution
<$20K 18.5%
$20K-$35K 14.9%
$35K-$60K 20.4%
$60K-$100K 22.9%
>=$100K 23.3%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 29% 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 7.0%
5-9 mins 9.8%
10-14 mins 12.3%
15-19 mins 15.9%
20-29 mins 32.1%
30-44 mins 12.4%
45-59 mins 4.9%
>60 mins 5.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 69% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,384 per month.

MY RENT : $1,384 MEDIAN RENT : $1,583

Rent % Distribution
$500-699 0.0%
$700-899 0.2%
$900-999 0.3%
$1,000-1,499 39.3%
>=$1,500 60.2%
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 $1,384 would therefore be considered affordable for annual household incomes greater than $55,360 (12 months x 3.333 x $1,384).

Rent % Affordability
Above $500 81.5%
Above $700 75.5%
Above $1,100 56.3%
Above $1,500 46.1%
Above $1,900 35.7%
HOUSEHOLD INCOME RANGE

Approximately 894 of households in this neighborhood have a total annual income of $55,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,384 per month.

MINIMUM INCOME RANGE : $55,360

Income % Distribution
<$20K 18.5%
$20K-$35K 14.9%
$35K-$60K 20.4%
$60K-$100K 22.9%
>=$100K 23.3%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 29% 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 7.0%
5-9 mins 9.8%
10-14 mins 12.3%
15-19 mins 15.9%
20-29 mins 32.1%
30-44 mins 12.4%
45-59 mins 4.9%
>60 mins 5.5%

ADAMS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.6%
Construction 9.0%
Educational Services 10.6%
Health Care & Social Assistance 15.3%
Manufacturing 11.3%
Retail & Wholesale Trader 14.7%
Other 29.4%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 33% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 20.8%
15-19 6.9%
20-24 5.5%
25-44 22.6%
45-65 25.5%
66+ 18.7%
OCCUPATION

Occupation % Distribution
Construction 4.5%
Healthcare 6.0%
Management, Business, & Financial 16.3%
Natural Resources Maintenance 14.6%
Production & Transportation 8.7%
Sales & Office 28.4%
Other 21.5%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.7%
High School 37.8%
Masters Degree 7.2%
Some College 16.9%
Some High School 10.1%
Other 14.2%

9243 Grove St Comps

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9243 Grove St, Adams, NY 13605 is a single family home of 960 sqft. HomeUnion INVESTimateĀ® for 9243 Grove St includes a Price Estimate of $128,247 and a Rent Estimate of $1,384. This single family home has 3 bedrooms,1 bathrooms, and was built in 1990. This property has an estimated 15 year annualized Yield of 12.95% and Total Return of 23.51%. The estimated 1 year forecast in home value for 9243 Grove St is 2.35%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , JEFFERSON County , or the 13605 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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