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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.

9516 Gilmore Lake Rd Columbia, IL 62236

0 Beds 0 Baths 1,785 sqft Built 2004
Last updated:  Jan 23, 2020

INVESTimate

$90,023

$84.4K - $95.6K

Price Est.

$1,073

917 - $1.2K

Rent Est.

$92,976  ( +3.28%)   1 YR EST. FORECAST

9516 Gilmore Lake Rd PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $50.43
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,785 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
9516 Gilmore Lake Rd, Columbia, IL 62236 is a single family home of 1,785 sqft. HomeUnion estimate for 9516 Gilmore Lake Rd includes a Price Estimate of $90,023 and a Rent Estimate of $1,073. This single family home has 0 bedrooms, 0 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 14.30% and Total Return of 20.23%. The estimated 1 year forecast in home value for 9516 Gilmore Lake Rd is 3.28%.
  
  
  

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9516 Gilmore Lake Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MILLSTADT PRIMARY CENTER Primary Regular 281 16 NA

MILLSTADT PRIMARY CENTER

  • Education Level: Primary
  • # of students: 281
  • # of teachers: 16
0
GreatSchools Rating
 

Financial Details

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Neighborhood

COLUMBIA

  • 13,350

    POPULATION
  • 5,275

    HOUSEHOLDS
  • 71.6%

    WHITE COLLAR

Neighborhood : COLUMBIA

HOUSEHOLDS
5,275
POPULATION

13,350

16.7%Renters
83.3%Home Owners
LABOR FORCE

 

71.6%White Collar
28.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 70% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,073 per month.

MY RENT : $1,073 MEDIAN RENT : $1,241

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 8.0%
$900-999 10.1%
$1,000-1,499 78.8%
>=$1,500 3.0%
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 $1,073 would therefore be considered affordable for annual household incomes greater than $42,920 (12 months x 3.333 x $1,073).

Rent % Affordability
Above $500 91.1%
Above $700 83.9%
Above $1,100 70.5%
Above $1,500 59.9%
Above $1,900 49.3%
HOUSEHOLD INCOME RANGE

Approximately 3,418 of households in this neighborhood have a total annual income of $42,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,073 per month.

MINIMUM INCOME RANGE : $42,920

Income % Distribution
<$20K 8.9%
$20K-$35K 13.9%
$35K-$60K 17.3%
$60K-$100K 23.8%
>=$100K 36.1%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 7.4%
10-14 mins 9.4%
15-19 mins 11.5%
20-29 mins 23.4%
30-44 mins 30.0%
45-59 mins 9.8%
>60 mins 4.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 70% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,073 per month.

MY RENT : $1,073 MEDIAN RENT : $1,241

Rent % Distribution
$500-699 0.0%
$700-899 8.0%
$900-999 10.1%
$1,000-1,499 78.8%
>=$1,500 3.0%
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 $1,073 would therefore be considered affordable for annual household incomes greater than $42,920 (12 months x 3.333 x $1,073).

Rent % Affordability
Above $500 91.1%
Above $700 83.9%
Above $1,100 70.5%
Above $1,500 59.9%
Above $1,900 49.3%
HOUSEHOLD INCOME RANGE

Approximately 3,418 of households in this neighborhood have a total annual income of $42,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,073 per month.

MINIMUM INCOME RANGE : $42,920

Income % Distribution
<$20K 8.9%
$20K-$35K 13.9%
$35K-$60K 17.3%
$60K-$100K 23.8%
>=$100K 36.1%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 7.4%
10-14 mins 9.4%
15-19 mins 11.5%
20-29 mins 23.4%
30-44 mins 30.0%
45-59 mins 9.8%
>60 mins 4.3%

COLUMBIA Demographics

INDUSTRY

Industry % Distribution
Educational Services 7.7%
Financial Industries 8.1%
Health Care & Social Assistance 14.5%
Manufacturing 12.6%
Professional & Scientific Tech Services 6.7%
Retail & Wholesale Trader 15.1%
Other 35.3%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 29% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 18.6%
15-19 6.2%
20-24 4.3%
25-44 24.8%
45-65 29.7%
66+ 16.5%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.4%
Healthcare 7.5%
Management, Business, & Financial 24.6%
Natural Resources Maintenance 7.1%
Production & Transportation 11.9%
Sales & Office 24.6%
Other 16.9%
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 8.3%
High School 28.8%
Masters Degree 8.9%
Some College 22.4%
Some High School 4.0%
Other 27.6%

9516 Gilmore Lake 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 IL , SAINT CLAIR County , or the 62236 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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