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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

18255 Owen Rd West Farmington, OH 44491

3 Beds 1 Baths 931 sqft Built 2004
Last updated:  Jun 30, 2018

INVESTimate

$200,152

$180K - $220K

Price Est.

$827

773 - 881

Rent Est.

$205,156  ( +2.5%)   1 YR EST. FORECAST
  
  
  

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18255 Owen Rd PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $214.99
CONSTRUCTION
  • Beds : 3
  • Floor Size : 931 sqft
  • Baths : 1 Full

18255 Owen Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
A J JORDAK ELEMENTARY SCHOOL Primary Regular 395 22 5
CARDINAL MIDDLE SCHOOL Middle Regular 273 23 6
CARDINAL HIGH SCHOOL High Regular 420 26 7

A J JORDAK ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 395
  • # of teachers: 22
5
GreatSchools Rating

CARDINAL MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 273
  • # of teachers: 23
6
GreatSchools Rating

CARDINAL HIGH SCHOOL

  • Education Level: High
  • # of students: 420
  • # of teachers: 26
7
GreatSchools Rating
 

Financial Details

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Neighborhood

WEST FARMINGTON

  • 3,475

    POPULATION
  • 1,074

    HOUSEHOLDS
  • 36.2%

    WHITE COLLAR

Neighborhood : WEST FARMINGTON

HOUSEHOLDS
1,074
POPULATION

3,475

11.8%Renters
88.2%Home Owners
LABOR FORCE

 

36.2%White Collar
63.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $775 per month.

MY RENT : $775 MEDIAN RENT : $887

Rent % Distribution LEVEL
$500-699 10.4%
$700-899 41.4%
$900-999 13.0%
$1,000-1,499 29.5%
>=$1,500 5.6%
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 $775 would therefore be considered affordable for annual household incomes greater than $31,000 (12 months x 3.333 x $775).

Rent % Affordability
Above $500 92.1%
Above $700 85.4%
Above $1,100 66.6%
Above $1,500 47.8%
Above $1,900 30.1%
HOUSEHOLD INCOME RANGE

Approximately 2,057 of households in this neighborhood have a total annual income of $31,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $775 per month.

MINIMUM INCOME RANGE : $31,000

Income % Distribution
<$20K 7.9%
$20K-$35K 12.3%
$35K-$60K 32.1%
$60K-$100K 33.7%
>=$100K 14.0%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 5.2%
10-14 mins 9.4%
15-19 mins 16.5%
20-29 mins 22.9%
30-44 mins 19.6%
45-59 mins 11.3%
>60 mins 13.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $775 per month.

MY RENT : $775 MEDIAN RENT : $887

Rent % Distribution
$500-699 10.4%
$700-899 41.4%
$900-999 13.0%
$1,000-1,499 29.5%
>=$1,500 5.6%
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 $775 would therefore be considered affordable for annual household incomes greater than $31,000 (12 months x 3.333 x $775).

Rent % Affordability
Above $500 92.1%
Above $700 85.4%
Above $1,100 66.6%
Above $1,500 47.8%
Above $1,900 30.1%
HOUSEHOLD INCOME RANGE

Approximately 2,057 of households in this neighborhood have a total annual income of $31,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $775 per month.

MINIMUM INCOME RANGE : $31,000

Income % Distribution
<$20K 7.9%
$20K-$35K 12.3%
$35K-$60K 32.1%
$60K-$100K 33.7%
>=$100K 14.0%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 5.2%
10-14 mins 9.4%
15-19 mins 16.5%
20-29 mins 22.9%
30-44 mins 19.6%
45-59 mins 11.3%
>60 mins 13.5%

WEST FARMINGTON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 3.9%
Construction 19.6%
Educational Services 3.9%
Health Care & Social Assistance 8.0%
Manufacturing 26.8%
Retail & Wholesale Trader 13.1%
Other 24.8%
AGE DISTRIBUTION

44% of the population is between the ages of 25 and 64, 43% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 31.7%
15-19 6.8%
20-24 4.6%
25-44 23.0%
45-65 21.1%
66+ 12.7%
OCCUPATION

Occupation % Distribution
Clean 2.4%
Computer Engineering 2.3%
Management, Business, & Financial 11.8%
Natural Resources Maintenance 26.1%
Production & Transportation 32.8%
Sales & Office 19.0%
Other 5.5%
HIGHEST EDUCATION LEVEL

8% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.7%
High School 38.4%
Masters Degree 2.4%
Some College 14.0%
Some High School 31.6%
Other 8.8%

18255 Owen Rd Comps

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18255 Owen Rd, West Farmington, OH 44491 is a single family home of 931 sqft. HomeUnion INVESTimateĀ® for 18255 Owen Rd includes a Price Estimate of $200,152 and a Rent Estimate of $827. This single family home has 3 bedrooms,1 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 4.96% and Total Return of 9.18%. The estimated 1 year forecast in home value for 18255 Owen Rd is 2.5%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH , GEAUGA County , or the 44491 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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