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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

1928 Lakewood Blvd Millbury, OH 43447

3 Beds 2 Baths 1,336 sqft Built 2004
Last updated:  Jul 30, 2018

INVESTimate

$185,529

$173K - $198K

Price Est.

$1,349

$1.2K - $1.5K

Rent Est.

$193,247  ( +4.16%)   1 YR EST. FORECAST
  
  
  

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1928 Lakewood Blvd PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $138.87
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,336 sqft
  • Baths : 2 Full

1928 Lakewood Blvd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAKE ELEMENTARY SCHOOL Primary Regular 454 24 7
LAKE MIDDLE SCHOOL Middle Regular 421 21 8
LAKE HIGH SCHOOL High Regular 429 25 7

LAKE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 24
7
GreatSchools Rating

LAKE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 421
  • # of teachers: 21
8
GreatSchools Rating

LAKE HIGH SCHOOL

  • Education Level: High
  • # of students: 429
  • # of teachers: 25
7
GreatSchools Rating
 

Financial Details

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Neighborhood

MILLBURY

  • 3,340

    POPULATION
  • 1,356

    HOUSEHOLDS
  • 55.8%

    WHITE COLLAR

Neighborhood : MILLBURY

HOUSEHOLDS
1,356
POPULATION

3,340

9.8%Renters
90.2%Home Owners
LABOR FORCE

 

55.8%White Collar
44.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,349 per month.

MY RENT : $1,349 MEDIAN RENT : $1,401

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 4.9%
$900-999 4.6%
$1,000-1,499 62.6%
>=$1,500 27.9%
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 $1,349 would therefore be considered affordable for annual household incomes greater than $53,960 (12 months x 3.333 x $1,349).

Rent % Affordability
Above $500 91.6%
Above $700 87.0%
Above $1,100 70.7%
Above $1,500 52.3%
Above $1,900 41.5%
HOUSEHOLD INCOME RANGE

Approximately 746 of households in this neighborhood have a total annual income of $53,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,349 per month.

MINIMUM INCOME RANGE : $53,960

Income % Distribution
<$20K 8.4%
$20K-$35K 11.3%
$35K-$60K 28.0%
$60K-$100K 24.1%
>=$100K 28.2%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.0%
5-9 mins 6.4%
10-14 mins 12.0%
15-19 mins 17.0%
20-29 mins 29.0%
30-44 mins 24.3%
45-59 mins 3.2%
>60 mins 5.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,349 per month.

MY RENT : $1,349 MEDIAN RENT : $1,401

Rent % Distribution
$500-699 0.0%
$700-899 4.9%
$900-999 4.6%
$1,000-1,499 62.6%
>=$1,500 27.9%
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 $1,349 would therefore be considered affordable for annual household incomes greater than $53,960 (12 months x 3.333 x $1,349).

Rent % Affordability
Above $500 91.6%
Above $700 87.0%
Above $1,100 70.7%
Above $1,500 52.3%
Above $1,900 41.5%
HOUSEHOLD INCOME RANGE

Approximately 746 of households in this neighborhood have a total annual income of $53,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,349 per month.

MINIMUM INCOME RANGE : $53,960

Income % Distribution
<$20K 8.4%
$20K-$35K 11.3%
$35K-$60K 28.0%
$60K-$100K 24.1%
>=$100K 28.2%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.0%
5-9 mins 6.4%
10-14 mins 12.0%
15-19 mins 17.0%
20-29 mins 29.0%
30-44 mins 24.3%
45-59 mins 3.2%
>60 mins 5.2%

MILLBURY Demographics

INDUSTRY

Industry % Distribution
Construction 6.7%
Educational Services 7.5%
Health Care & Social Assistance 15.2%
Manufacturing 20.7%
Retail & Wholesale Trader 10.9%
Transportation 9.7%
Other 29.4%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 27% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 17.2%
15-19 5.5%
20-24 4.6%
25-44 24.6%
45-65 28.6%
66+ 19.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.7%
Healthcare 7.0%
Management, Business, & Financial 11.5%
Natural Resources Maintenance 7.4%
Production & Transportation 23.3%
Sales & Office 29.1%
Other 14.0%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.5%
High School 42.3%
Masters Degree 4.4%
Some College 25.3%
Some High School 5.7%
Other 12.7%

1928 Lakewood Blvd Comps

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1928 Lakewood Blvd, Millbury, OH 43447 is a single family home of 1,336 sqft. HomeUnion INVESTimate® for 1928 Lakewood Blvd includes a Price Estimate of $185,529 and a Rent Estimate of $1,349. This single family home has 3 bedrooms,2 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 8.73% and Total Return of 21.26%. The estimated 1 year forecast in home value for 1928 Lakewood Blvd is 4.16%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH, WOOD County, or the 43447 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2