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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.

Route 87 Gowanda, NY 14070

0 Beds 0 Baths 1,036 sqft Built 1989
Last updated:  Oct 23, 2019

INVESTimate

$86,527

$79.4K - $93.7K

Price Est.

$1,498

$1.1K - $1.8K

Rent Est.

$86,328  ( -0.23%)   1 YR EST. FORECAST

Route 87 PROPERTY INFO

FACTS
  • Built In 1989
  • Price/Sqft : $83.52
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,036 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
Route 87, Gowanda, NY 14070 is a single family home of 1,036 sqft. HomeUnion estimate for Route 87 includes a Price Estimate of $86,527 and a Rent Estimate of $1,498. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1989. This property has an estimated 15 year annualized Yield of 20.78% and Total Return of 33.25%. The estimated 1 year forecast in home value for Route 87 is -0.23%.
  
  
  

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Route 87 SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

GOWANDA

  • 7,501

    POPULATION
  • 2,103

    HOUSEHOLDS
  • 48.7%

    WHITE COLLAR

Neighborhood : GOWANDA

HOUSEHOLDS
2,103
POPULATION

7,501

30.1%Renters
69.9%Home Owners
LABOR FORCE

 

48.7%White Collar
51.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,498 per month.

MY RENT : $1,498 MEDIAN RENT : $1,822

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 9.2%
>=$1,500 90.8%
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 $1,498 would therefore be considered affordable for annual household incomes greater than $59,920 (12 months x 3.333 x $1,498).

Rent % Affordability
Above $500 79.9%
Above $700 67.0%
Above $1,100 46.2%
Above $1,500 32.3%
Above $1,900 22.2%
HOUSEHOLD INCOME RANGE

Approximately 681 of households in this neighborhood have a total annual income of $59,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,498 per month.

MINIMUM INCOME RANGE : $59,920

Income % Distribution
<$20K 20.1%
$20K-$35K 22.2%
$35K-$60K 25.4%
$60K-$100K 20.4%
>=$100K 12.0%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.6%
5-9 mins 19.1%
10-14 mins 9.2%
15-19 mins 7.0%
20-29 mins 12.0%
30-44 mins 19.1%
45-59 mins 13.3%
>60 mins 12.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,498 per month.

MY RENT : $1,498 MEDIAN RENT : $1,822

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 9.2%
>=$1,500 90.8%
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 $1,498 would therefore be considered affordable for annual household incomes greater than $59,920 (12 months x 3.333 x $1,498).

Rent % Affordability
Above $500 79.9%
Above $700 67.0%
Above $1,100 46.2%
Above $1,500 32.3%
Above $1,900 22.2%
HOUSEHOLD INCOME RANGE

Approximately 681 of households in this neighborhood have a total annual income of $59,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,498 per month.

MINIMUM INCOME RANGE : $59,920

Income % Distribution
<$20K 20.1%
$20K-$35K 22.2%
$35K-$60K 25.4%
$60K-$100K 20.4%
>=$100K 12.0%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.6%
5-9 mins 19.1%
10-14 mins 9.2%
15-19 mins 7.0%
20-29 mins 12.0%
30-44 mins 19.1%
45-59 mins 13.3%
>60 mins 12.7%

GOWANDA Demographics

INDUSTRY

Industry % Distribution
Construction 9.1%
Educational Services 10.8%
Health Care & Social Assistance 20.5%
Manufacturing 10.4%
Public Administration 11.5%
Retail & Wholesale Trader 12.5%
Other 25.3%
AGE DISTRIBUTION

64% of the population is between the ages of 25 and 64, 22% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 11.0%
15-19 3.8%
20-24 7.1%
25-44 34.2%
45-65 30.0%
66+ 14.0%
OCCUPATION

Occupation % Distribution
Healthcare 11.5%
Management, Business, & Financial 11.1%
Natural Resources Maintenance 12.1%
PCare 9.2%
Production & Transportation 15.4%
Sales & Office 16.4%
Other 24.3%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.8%
High School 41.8%
Masters Degree 3.5%
Some College 18.6%
Some High School 18.9%
Other 7.4%

Route 87 Comps

Sorry, we do not have sufficient data available.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , CHAUTAUQUA County , or the 14070 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 14062
  2. 14138
  3. 14701