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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

9890 Midway Rd Oreana, IL 62554

0 Beds 2 Baths 2,572 sqft Built 1890
Last updated:  Dec 26, 2019

INVESTimate

$164,149

$149K - $179K

Price Est.

$1,396

$1.2K - $1.5K

Rent Est.

$166,677  ( +1.54%)   1 YR EST. FORECAST
  
  
  

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9890 Midway Rd PROPERTY INFO

FACTS
  • Built In 1890
  • Price/Sqft : $63.82
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,572 sqft
  • Baths : 2 Full

9890 Midway Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ARGENTA-OREANA ELEMENTARY SCHOOL Primary Regular 487 28 7
ARGENTA-OREANA MIDDLE SCHOOL Middle Regular 244 12 6
ARGENTA-OREANA HIGH SCHOOL High Regular 316 20 5

ARGENTA-OREANA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 487
  • # of teachers: 28
7
GreatSchools Rating

ARGENTA-OREANA MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 244
  • # of teachers: 12
6
GreatSchools Rating

ARGENTA-OREANA HIGH SCHOOL

  • Education Level: High
  • # of students: 316
  • # of teachers: 20
5
GreatSchools Rating
 

Financial Details

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Neighborhood

OREANA

  • 1,476

    POPULATION
  • 564

    HOUSEHOLDS
  • 61.1%

    WHITE COLLAR

Neighborhood : OREANA

HOUSEHOLDS
564
POPULATION

1,476

13.8%Renters
86.2%Home Owners
LABOR FORCE

 

61.1%White Collar
38.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 12% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,396 per month.

MY RENT : $1,396 MEDIAN RENT : $878

Rent % Distribution LEVEL
$500-699 15.3%
$700-899 38.5%
$900-999 14.4%
$1,000-1,499 25.1%
>=$1,500 6.7%
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 $1,396 would therefore be considered affordable for annual household incomes greater than $55,840 (12 months x 3.333 x $1,396).

Rent % Affordability
Above $500 91.1%
Above $700 84.3%
Above $1,100 71.4%
Above $1,500 51.9%
Above $1,900 38.1%
HOUSEHOLD INCOME RANGE

Approximately 302 of households in this neighborhood have a total annual income of $55,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,396 per month.

MINIMUM INCOME RANGE : $55,840

Income % Distribution
<$20K 8.9%
$20K-$35K 12.8%
$35K-$60K 26.5%
$60K-$100K 33.0%
>=$100K 18.8%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 10.0%
10-14 mins 15.5%
15-19 mins 27.6%
20-29 mins 27.3%
30-44 mins 6.4%
45-59 mins 4.2%
>60 mins 5.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 12% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,396 per month.

MY RENT : $1,396 MEDIAN RENT : $878

Rent % Distribution
$500-699 15.3%
$700-899 38.5%
$900-999 14.4%
$1,000-1,499 25.1%
>=$1,500 6.7%
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 $1,396 would therefore be considered affordable for annual household incomes greater than $55,840 (12 months x 3.333 x $1,396).

Rent % Affordability
Above $500 91.1%
Above $700 84.3%
Above $1,100 71.4%
Above $1,500 51.9%
Above $1,900 38.1%
HOUSEHOLD INCOME RANGE

Approximately 302 of households in this neighborhood have a total annual income of $55,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,396 per month.

MINIMUM INCOME RANGE : $55,840

Income % Distribution
<$20K 8.9%
$20K-$35K 12.8%
$35K-$60K 26.5%
$60K-$100K 33.0%
>=$100K 18.8%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 10.0%
10-14 mins 15.5%
15-19 mins 27.6%
20-29 mins 27.3%
30-44 mins 6.4%
45-59 mins 4.2%
>60 mins 5.2%

OREANA Demographics

INDUSTRY

Industry % Distribution
Construction 7.8%
Educational Services 10.7%
Health Care & Social Assistance 16.0%
Manufacturing 20.5%
Retail & Wholesale Trader 11.7%
Transportation 6.1%
Other 27.2%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 31% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 21.3%
15-19 7.0%
20-24 2.4%
25-44 21.3%
45-65 28.9%
66+ 19.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.6%
Healthcare 11.5%
Management, Business, & Financial 15.6%
Natural Resources Maintenance 15.0%
Production & Transportation 14.1%
Sales & Office 19.4%
Other 17.8%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.4%
High School 37.4%
Masters Degree 4.8%
Some College 25.6%
Some High School 4.0%
Other 17.7%

9890 Midway Rd Comps

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9890 Midway Rd, Oreana, IL 62554 is a single family home of 2,572 sqft. HomeUnion INVESTimateĀ® for 9890 Midway Rd includes a Price Estimate of $164,149 and a Rent Estimate of $1,396. This single family home has 0 bedrooms,2 bathrooms, and was built in 1890. This property has an estimated 15 year annualized Yield of 10.21% and Total Return of 18.68%. The estimated 1 year forecast in home value for 9890 Midway Rd is 1.54%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , MACON County , or the 62554 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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