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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

135 Harmony Rd Spring Arbor, MI 49283

0 Beds 1 Baths 1,324 sqft Built 1950
Last updated:  May 30, 2018

INVESTimate

$113,344

$105K - $121K

Price Est.

$1,083

983 - $1.2K

Rent Est.

$113,344  ( 0%)   1 YR EST. FORECAST
  
  
  

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135 Harmony Rd PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $85.61
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,324 sqft
  • Baths : 1 Full

135 Harmony Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WESTERN HIGH SCHOOL High Regular 871 43 8

WESTERN HIGH SCHOOL

  • Education Level: High
  • # of students: 871
  • # of teachers: 43
8
GreatSchools Rating
 

Financial Details

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Neighborhood

SPRING ARBOR

  • 4,380

    POPULATION
  • 1,249

    HOUSEHOLDS
  • 71.8%

    WHITE COLLAR

Neighborhood : SPRING ARBOR

HOUSEHOLDS
1,249
POPULATION

4,380

25.1%Renters
74.9%Home Owners
LABOR FORCE

 

71.8%White Collar
28.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 68% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,147 per month.

MY RENT : $1,147 MEDIAN RENT : $1,272

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 4.3%
$900-999 8.1%
$1,000-1,499 65.3%
>=$1,500 22.2%
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 $1,147 would therefore be considered affordable for annual household incomes greater than $45,880 (12 months x 3.333 x $1,147).

Rent % Affordability
Above $500 86.2%
Above $700 76.9%
Above $1,100 58.5%
Above $1,500 45.8%
Above $1,900 35.0%
HOUSEHOLD INCOME RANGE

Approximately 635 of households in this neighborhood have a total annual income of $45,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,147 per month.

MINIMUM INCOME RANGE : $45,880

Income % Distribution
<$20K 13.8%
$20K-$35K 19.4%
$35K-$60K 21.0%
$60K-$100K 30.9%
>=$100K 14.9%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 46% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.3%
5-9 mins 22.4%
10-14 mins 11.7%
15-19 mins 10.8%
20-29 mins 25.7%
30-44 mins 10.4%
45-59 mins 2.9%
>60 mins 3.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 68% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,147 per month.

MY RENT : $1,147 MEDIAN RENT : $1,272

Rent % Distribution
$500-699 0.0%
$700-899 4.3%
$900-999 8.1%
$1,000-1,499 65.3%
>=$1,500 22.2%
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 $1,147 would therefore be considered affordable for annual household incomes greater than $45,880 (12 months x 3.333 x $1,147).

Rent % Affordability
Above $500 86.2%
Above $700 76.9%
Above $1,100 58.5%
Above $1,500 45.8%
Above $1,900 35.0%
HOUSEHOLD INCOME RANGE

Approximately 635 of households in this neighborhood have a total annual income of $45,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,147 per month.

MINIMUM INCOME RANGE : $45,880

Income % Distribution
<$20K 13.8%
$20K-$35K 19.4%
$35K-$60K 21.0%
$60K-$100K 30.9%
>=$100K 14.9%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 46% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.3%
5-9 mins 22.4%
10-14 mins 11.7%
15-19 mins 10.8%
20-29 mins 25.7%
30-44 mins 10.4%
45-59 mins 2.9%
>60 mins 3.9%

SPRING ARBOR Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.0%
Construction 6.3%
Educational Services 31.6%
Health Care & Social Assistance 8.5%
Manufacturing 6.8%
Retail & Wholesale Trader 13.9%
Other 22.9%
AGE DISTRIBUTION

35% of the population is between the ages of 25 and 64, 47% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 15.4%
15-19 13.8%
20-24 17.5%
25-44 14.2%
45-65 21.0%
66+ 18.1%
OCCUPATION

Occupation % Distribution
Construction 20.5%
Healthcare 5.2%
Management, Business, & Financial 14.1%
Natural Resources Maintenance 9.7%
Production & Transportation 8.5%
Sales & Office 30.5%
Other 11.6%
HIGHEST EDUCATION LEVEL

24% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.0%
High School 24.1%
Masters Degree 7.2%
Some College 21.7%
Some High School 8.6%
Other 25.4%

135 Harmony Rd Comps

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135 Harmony Rd, Spring Arbor, MI 49283 is a single family home of 1,324 sqft. HomeUnion INVESTimateĀ® for 135 Harmony Rd includes a Price Estimate of $113,344 and a Rent Estimate of $1,083. This single family home has 0 bedrooms,1 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 11.47% and Total Return of 17.01%. The estimated 1 year forecast in home value for 135 Harmony Rd is 0%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , JACKSON County , or the 49283 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2