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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

Niles Rd Rensselaerville, NY 12147

2 Beds 2 Baths 1,628 sqft Built 1875
Last updated:  Nov 28, 2019

INVESTimate

$149,950

$130K - $169K

Price Est.

$1,528

$1.4K - $1.7K

Rent Est.

$152,739  ( +1.86%)   1 YR EST. FORECAST
  
  
  

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Niles Rd PROPERTY INFO

FACTS
  • Built In 1875
  • Price/Sqft : $92.11
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,628 sqft
  • Baths : 1 Full 1 Half

Niles Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CAIRO/DURHAM ELEMENTARY SCHOOL Primary Regular 451 35 NA
CAIRO-DURHAM MIDDLE SCHOOL Middle Regular 325 31 NA
CAIRO-DURHAM HIGH SCHOOL High Magnet 489 37 4

CAIRO/DURHAM ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 451
  • # of teachers: 35
-1
GreatSchools Rating

CAIRO-DURHAM MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 325
  • # of teachers: 31
-1
GreatSchools Rating

CAIRO-DURHAM HIGH SCHOOL

  • Education Level: High
  • # of students: 489
  • # of teachers: 37
4
GreatSchools Rating
 

Financial Details

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Neighborhood

RENSSELAERVILLE

  • 510

    POPULATION
  • 221

    HOUSEHOLDS
  • 57.5%

    WHITE COLLAR

Neighborhood : RENSSELAERVILLE

HOUSEHOLDS
221
POPULATION

510

9.7%Renters
90.3%Home Owners
LABOR FORCE

 

57.5%White Collar
42.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 66% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,528 per month.

MY RENT : $1,528 MEDIAN RENT : $1,587

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 33.8%
>=$1,500 66.2%
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 $1,528 would therefore be considered affordable for annual household incomes greater than $61,120 (12 months x 3.333 x $1,528).

Rent % Affordability
Above $500 90.8%
Above $700 82.8%
Above $1,100 60.8%
Above $1,500 50.9%
Above $1,900 45.8%
HOUSEHOLD INCOME RANGE

Approximately 87 of households in this neighborhood have a total annual income of $61,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,528 per month.

MINIMUM INCOME RANGE : $61,120

Income % Distribution
<$20K 9.2%
$20K-$35K 15.1%
$35K-$60K 24.8%
$60K-$100K 18.3%
>=$100K 32.6%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 8% has a commute time of 14 minutes or less and 42% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 4.3%
10-14 mins 0.0%
15-19 mins 6.8%
20-29 mins 27.5%
30-44 mins 15.9%
45-59 mins 26.6%
>60 mins 15.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 66% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,528 per month.

MY RENT : $1,528 MEDIAN RENT : $1,587

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 33.8%
>=$1,500 66.2%
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 $1,528 would therefore be considered affordable for annual household incomes greater than $61,120 (12 months x 3.333 x $1,528).

Rent % Affordability
Above $500 90.8%
Above $700 82.8%
Above $1,100 60.8%
Above $1,500 50.9%
Above $1,900 45.8%
HOUSEHOLD INCOME RANGE

Approximately 87 of households in this neighborhood have a total annual income of $61,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,528 per month.

MINIMUM INCOME RANGE : $61,120

Income % Distribution
<$20K 9.2%
$20K-$35K 15.1%
$35K-$60K 24.8%
$60K-$100K 18.3%
>=$100K 32.6%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 8% has a commute time of 14 minutes or less and 42% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 4.3%
10-14 mins 0.0%
15-19 mins 6.8%
20-29 mins 27.5%
30-44 mins 15.9%
45-59 mins 26.6%
>60 mins 15.5%

RENSSELAERVILLE Demographics

INDUSTRY

Industry % Distribution
Construction 10.0%
Educational Services 13.7%
Health Care & Social Assistance 17.5%
Manufacturing 7.1%
Public Administration 19.0%
Transportation 10.0%
Other 22.7%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 26% is 24 or younger and 28% is 65 or older.

Age % Distribution
<15 15.5%
15-19 6.7%
20-24 3.5%
25-44 17.5%
45-65 29.0%
66+ 27.8%
OCCUPATION

Occupation % Distribution
Construction 6.6%
Healthcare 14.8%
Management, Business, & Financial 19.1%
Natural Resources Maintenance 12.6%
Production & Transportation 19.1%
Sales & Office 13.1%
Other 14.8%
HIGHEST EDUCATION LEVEL

29% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.5%
High School 38.9%
Masters Degree 12.3%
Some College 10.7%
Some High School 8.7%
Other 17.9%

Niles Rd Comps

Sorry, we do not have sufficient data available.

Niles Rd, Rensselaerville, NY 12147 is a single family home of 1,628 sqft. HomeUnion INVESTimateĀ® for Niles Rd includes a Price Estimate of $149,950 and a Rent Estimate of $1,528. This single family home has 2 bedrooms,2 bathrooms, and was built in 1875. This property has an estimated 15 year annualized Yield of 12.23% and Total Return of 12.28%. The estimated 1 year forecast in home value for Niles Rd is 1.86%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , ALBANY County , or the 12147 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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