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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

1506 Hardin Marion Rd La Rue, OH 43332

2 Beds 2 Baths 2,016 sqft Built 1987
Last updated:  Jul 30, 2018

INVESTimate

$163,836

$154K - $174K

Price Est.

$1,368

$1.1K - $1.6K

Rent Est.

$177,090  ( +8.09%)   1 YR EST. FORECAST
  
  
  

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1506 Hardin Marion Rd PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $81.27
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,016 sqft
  • Baths : 2 Full

1506 Hardin Marion Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ELGIN ELEMENTARY SCHOOL Primary Regular 291 18 NA
ELGIN MIDDLE SCHOOL Middle Regular 191 13 NA
ELGIN HIGH SCHOOL High Regular 357 24 NA

ELGIN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 291
  • # of teachers: 18
-1
GreatSchools Rating

ELGIN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 191
  • # of teachers: 13
-1
GreatSchools Rating

ELGIN HIGH SCHOOL

  • Education Level: High
  • # of students: 357
  • # of teachers: 24
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

LA RUE

  • 2,065

    POPULATION
  • 794

    HOUSEHOLDS
  • 28.6%

    WHITE COLLAR

Neighborhood : LA RUE

HOUSEHOLDS
794
POPULATION

2,065

28.4%Renters
71.6%Home Owners
LABOR FORCE

 

28.6%White Collar
71.4%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 $1,341 per month.

MY RENT : $1,341 MEDIAN RENT : $884

Rent % Distribution LEVEL
$500-699 16.6%
$700-899 35.8%
$900-999 15.6%
$1,000-1,499 29.0%
>=$1,500 3.0%
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 $1,341 would therefore be considered affordable for annual household incomes greater than $53,640 (12 months x 3.333 x $1,341).

Rent % Affordability
Above $500 82.8%
Above $700 75.7%
Above $1,100 55.3%
Above $1,500 38.3%
Above $1,900 24.2%
HOUSEHOLD INCOME RANGE

Approximately 330 of households in this neighborhood have a total annual income of $53,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,341 per month.

MINIMUM INCOME RANGE : $53,640

Income % Distribution
<$20K 17.2%
$20K-$35K 14.4%
$35K-$60K 30.0%
$60K-$100K 25.1%
>=$100K 13.2%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.7%
5-9 mins 1.8%
10-14 mins 2.5%
15-19 mins 19.1%
20-29 mins 21.0%
30-44 mins 31.9%
45-59 mins 5.6%
>60 mins 12.4%
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 $1,341 per month.

MY RENT : $1,341 MEDIAN RENT : $884

Rent % Distribution
$500-699 16.6%
$700-899 35.8%
$900-999 15.6%
$1,000-1,499 29.0%
>=$1,500 3.0%
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 $1,341 would therefore be considered affordable for annual household incomes greater than $53,640 (12 months x 3.333 x $1,341).

Rent % Affordability
Above $500 82.8%
Above $700 75.7%
Above $1,100 55.3%
Above $1,500 38.3%
Above $1,900 24.2%
HOUSEHOLD INCOME RANGE

Approximately 330 of households in this neighborhood have a total annual income of $53,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,341 per month.

MINIMUM INCOME RANGE : $53,640

Income % Distribution
<$20K 17.2%
$20K-$35K 14.4%
$35K-$60K 30.0%
$60K-$100K 25.1%
>=$100K 13.2%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.7%
5-9 mins 1.8%
10-14 mins 2.5%
15-19 mins 19.1%
20-29 mins 21.0%
30-44 mins 31.9%
45-59 mins 5.6%
>60 mins 12.4%

LA RUE Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 7.2%
Construction 6.8%
Educational Services 8.4%
Health Care & Social Assistance 8.4%
Manufacturing 33.3%
Retail & Wholesale Trader 11.7%
Other 24.3%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 32% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 23.9%
15-19 3.9%
20-24 4.1%
25-44 23.6%
45-65 28.1%
66+ 16.5%
OCCUPATION

Occupation % Distribution
Education 3.3%
Management, Business, & Financial 10.0%
Natural Resources Maintenance 24.2%
Production & Transportation 37.2%
Protect 4.2%
Sales & Office 13.3%
Other 7.8%
HIGHEST EDUCATION LEVEL

9% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.2%
High School 52.6%
Masters Degree 4.8%
Some College 19.4%
Some High School 11.1%
Other 7.9%

1506 Hardin Marion Rd Comps

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1506 Hardin Marion Rd, La Rue, OH 43332 is a single family home of 2,016 sqft. HomeUnion INVESTimateĀ® for 1506 Hardin Marion Rd includes a Price Estimate of $163,836 and a Rent Estimate of $1,368. This single family home has 2 bedrooms,2 bathrooms, and was built in 1987. This property has an estimated 15 year annualized Yield of 10.02% and Total Return of 30.45%. The estimated 1 year forecast in home value for 1506 Hardin Marion Rd is 8.09%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH , MARION County , or the 43332 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2