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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

9261 Prairietown Rd Dorsey, IL 62021

3 Beds 1 Baths 1,412 sqft Built 2004
Last updated:  Dec 26, 2019

INVESTimate

$168,631

$159K - $178K

Price Est.

$1,235

$1.1K - $1.3K

Rent Est.

$173,656  ( +2.98%)   1 YR EST. FORECAST
  
  
  

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9261 Prairietown Rd PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $119.43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,412 sqft
  • Baths : 1 Full

9261 Prairietown Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WOLF RIDGE ELEMENTARY SCHOOL Primary Regular 280 17 5
WOLF RIDGE JUNIOR HIGH SCHOOL Middle Regular 189 10 6
BUNKER HILL HIGH SCHOOL High Regular 227 15 8

WOLF RIDGE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 17
5
GreatSchools Rating

WOLF RIDGE JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 189
  • # of teachers: 10
6
GreatSchools Rating

BUNKER HILL HIGH SCHOOL

  • Education Level: High
  • # of students: 227
  • # of teachers: 15
8
GreatSchools Rating
 

Financial Details

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Neighborhood

DORSEY

  • 985

    POPULATION
  • 391

    HOUSEHOLDS
  • 61.8%

    WHITE COLLAR

Neighborhood : DORSEY

HOUSEHOLDS
391
POPULATION

985

5.4%Renters
94.6%Home Owners
LABOR FORCE

 

61.8%White Collar
38.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 36% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,235 per month.

MY RENT : $1,235 MEDIAN RENT : $1,076

Rent % Distribution LEVEL
$500-699 0.3%
$700-899 14.4%
$900-999 22.1%
$1,000-1,499 57.9%
>=$1,500 5.4%
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 $1,235 would therefore be considered affordable for annual household incomes greater than $49,400 (12 months x 3.333 x $1,235).

Rent % Affordability
Above $500 93.3%
Above $700 88.7%
Above $1,100 80.3%
Above $1,500 67.4%
Above $1,900 54.5%
HOUSEHOLD INCOME RANGE

Approximately 274 of households in this neighborhood have a total annual income of $49,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,235 per month.

MINIMUM INCOME RANGE : $49,400

Income % Distribution
<$20K 6.7%
$20K-$35K 9.7%
$35K-$60K 16.2%
$60K-$100K 33.6%
>=$100K 33.8%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 3.8%
10-14 mins 8.5%
15-19 mins 7.1%
20-29 mins 30.4%
30-44 mins 25.3%
45-59 mins 15.4%
>60 mins 8.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 36% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,235 per month.

MY RENT : $1,235 MEDIAN RENT : $1,076

Rent % Distribution
$500-699 0.3%
$700-899 14.4%
$900-999 22.1%
$1,000-1,499 57.9%
>=$1,500 5.4%
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 $1,235 would therefore be considered affordable for annual household incomes greater than $49,400 (12 months x 3.333 x $1,235).

Rent % Affordability
Above $500 93.3%
Above $700 88.7%
Above $1,100 80.3%
Above $1,500 67.4%
Above $1,900 54.5%
HOUSEHOLD INCOME RANGE

Approximately 274 of households in this neighborhood have a total annual income of $49,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,235 per month.

MINIMUM INCOME RANGE : $49,400

Income % Distribution
<$20K 6.7%
$20K-$35K 9.7%
$35K-$60K 16.2%
$60K-$100K 33.6%
>=$100K 33.8%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 3.8%
10-14 mins 8.5%
15-19 mins 7.1%
20-29 mins 30.4%
30-44 mins 25.3%
45-59 mins 15.4%
>60 mins 8.1%

DORSEY Demographics

INDUSTRY

Industry % Distribution
Construction 10.5%
Educational Services 7.9%
Health Care & Social Assistance 15.8%
Manufacturing 9.9%
Professional & Scientific Tech Services 8.3%
Retail & Wholesale Trader 10.1%
Other 37.7%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 27% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 17.2%
15-19 5.3%
20-24 4.3%
25-44 22.7%
45-65 34.2%
66+ 16.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.6%
Healthcare 8.8%
Management, Business, & Financial 15.8%
Natural Resources Maintenance 11.6%
Production & Transportation 16.3%
Sales & Office 22.2%
Other 15.8%
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 11.0%
High School 29.0%
Masters Degree 6.1%
Some College 28.2%
Some High School 4.8%
Other 20.8%

9261 Prairietown Rd Comps

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9261 Prairietown Rd, Dorsey, IL 62021 is a single family home of 1,412 sqft. HomeUnion INVESTimateĀ® for 9261 Prairietown Rd includes a Price Estimate of $168,631 and a Rent Estimate of $1,235. This single family home has 3 bedrooms,1 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 8.79% and Total Return of 15.54%. The estimated 1 year forecast in home value for 9261 Prairietown Rd is 2.98%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , MADISON County , or the 62021 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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