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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

124 Birch St Negaunee, MI 49866

3 Beds 2 Baths 1,322 sqft Built 1950
Last updated:  Jun 30, 2018

INVESTimate

$155,799

$142K - $169K

Price Est.

$1,046

939 - $1.2K

Rent Est.

$157,482  ( +1.08%)   1 YR EST. FORECAST
  
  
  

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124 Birch St PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $117.85
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,322 sqft
  • Baths : 1 Full 1 Half

124 Birch St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAKEVIEW ELEMENTARY SCHOOL Primary Regular 685 30 7
NEGAUNEE MIDDLE SCHOOL Middle Regular 310 19 8
NEGAUNEE HIGH SCHOOL High Regular 443 25 8

LAKEVIEW ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 685
  • # of teachers: 30
7
GreatSchools Rating

NEGAUNEE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 310
  • # of teachers: 19
8
GreatSchools Rating

NEGAUNEE HIGH SCHOOL

  • Education Level: High
  • # of students: 443
  • # of teachers: 25
8
GreatSchools Rating
 

Financial Details

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Neighborhood

NEGAUNEE

  • 8,253

    POPULATION
  • 3,120

    HOUSEHOLDS
  • 58.3%

    WHITE COLLAR

Neighborhood : NEGAUNEE

HOUSEHOLDS
3,120
POPULATION

8,253

21.4%Renters
78.6%Home Owners
LABOR FORCE

 

58.3%White Collar
41.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 53% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,087 per month.

MY RENT : $1,087 MEDIAN RENT : $1,066

Rent % Distribution LEVEL
$500-699 1.3%
$700-899 23.5%
$900-999 13.1%
$1,000-1,499 51.5%
>=$1,500 10.6%
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 $1,087 would therefore be considered affordable for annual household incomes greater than $43,480 (12 months x 3.333 x $1,087).

Rent % Affordability
Above $500 86.7%
Above $700 79.9%
Above $1,100 62.3%
Above $1,500 44.4%
Above $1,900 34.2%
HOUSEHOLD INCOME RANGE

Approximately 1,631 of households in this neighborhood have a total annual income of $43,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,087 per month.

MINIMUM INCOME RANGE : $43,480

Income % Distribution
<$20K 13.3%
$20K-$35K 13.7%
$35K-$60K 28.6%
$60K-$100K 24.0%
>=$100K 20.4%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.7%
5-9 mins 13.0%
10-14 mins 17.2%
15-19 mins 19.4%
20-29 mins 31.7%
30-44 mins 7.5%
45-59 mins 1.8%
>60 mins 4.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 53% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,087 per month.

MY RENT : $1,087 MEDIAN RENT : $1,066

Rent % Distribution
$500-699 1.3%
$700-899 23.5%
$900-999 13.1%
$1,000-1,499 51.5%
>=$1,500 10.6%
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 $1,087 would therefore be considered affordable for annual household incomes greater than $43,480 (12 months x 3.333 x $1,087).

Rent % Affordability
Above $500 86.7%
Above $700 79.9%
Above $1,100 62.3%
Above $1,500 44.4%
Above $1,900 34.2%
HOUSEHOLD INCOME RANGE

Approximately 1,631 of households in this neighborhood have a total annual income of $43,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,087 per month.

MINIMUM INCOME RANGE : $43,480

Income % Distribution
<$20K 13.3%
$20K-$35K 13.7%
$35K-$60K 28.6%
$60K-$100K 24.0%
>=$100K 20.4%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.7%
5-9 mins 13.0%
10-14 mins 17.2%
15-19 mins 19.4%
20-29 mins 31.7%
30-44 mins 7.5%
45-59 mins 1.8%
>60 mins 4.5%

NEGAUNEE Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 9.7%
Arts & Entertainment 7.0%
Educational Services 8.6%
Health Care & Social Assistance 21.0%
Retail & Wholesale Trader 13.0%
Transportation 7.0%
Other 33.7%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 33% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 21.6%
15-19 5.9%
20-24 5.5%
25-44 26.0%
45-65 25.0%
66+ 15.9%
OCCUPATION

Occupation % Distribution
Construction 5.7%
Healthcare 10.6%
Management, Business, & Financial 13.3%
Natural Resources Maintenance 13.9%
Production & Transportation 14.0%
Sales & Office 21.5%
Other 21.0%
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 10.4%
High School 28.8%
Masters Degree 6.9%
Some College 28.0%
Some High School 4.2%
Other 21.7%

124 Birch St Comps

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124 Birch St, Negaunee, MI 49866 is a single family home of 1,322 sqft. HomeUnion INVESTimateĀ® for 124 Birch St includes a Price Estimate of $155,799 and a Rent Estimate of $1,046. This single family home has 3 bedrooms,2 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 8.06% and Total Return of 11.50%. The estimated 1 year forecast in home value for 124 Birch St is 1.08%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , MARQUETTE County , or the 49866 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2