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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

470 S Walnut St Troy, OH 45373

4 Beds 2 Baths 1,546 sqft Built 1952
Last updated:  Jul 30, 2018

INVESTimate

$280,715

$270K - $292K

Price Est.

$1,364

$1.2K - $1.5K

Rent Est.

$287,593  ( +2.45%)   1 YR EST. FORECAST
  
  
  

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470 S Walnut St PROPERTY INFO

FACTS
  • Built In 1952
  • Price/Sqft : $181.58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,546 sqft
  • Baths : 2 Full

470 S Walnut St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SAILORWAY MIDDLE SCHOOL Primary Regular 652 43 6
SAILORWAY MIDDLE SCHOOL Middle Regular 652 43 6
VERMILION HIGH SCHOOL High Regular 869 47 5

SAILORWAY MIDDLE SCHOOL

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 43
6
GreatSchools Rating

SAILORWAY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 652
  • # of teachers: 43
6
GreatSchools Rating

VERMILION HIGH SCHOOL

  • Education Level: High
  • # of students: 869
  • # of teachers: 47
5
GreatSchools Rating
 

Financial Details

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Neighborhood

TROY

  • 35,564

    POPULATION
  • 13,949

    HOUSEHOLDS
  • 61.3%

    WHITE COLLAR

Neighborhood : TROY

HOUSEHOLDS
13,949
POPULATION

35,564

34.9%Renters
65.1%Home Owners
LABOR FORCE

 

61.3%White Collar
38.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,372 per month.

MY RENT : $1,372 MEDIAN RENT : $1,273

Rent % Distribution LEVEL
$500-699 4.9%
$700-899 15.7%
$900-999 9.2%
$1,000-1,499 35.1%
>=$1,500 35.1%
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 $1,372 would therefore be considered affordable for annual household incomes greater than $54,880 (12 months x 3.333 x $1,372).

Rent % Affordability
Above $500 85.3%
Above $700 78.1%
Above $1,100 60.9%
Above $1,500 47.8%
Above $1,900 36.0%
HOUSEHOLD INCOME RANGE

Approximately 6,942 of households in this neighborhood have a total annual income of $54,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,372 per month.

MINIMUM INCOME RANGE : $54,880

Income % Distribution
<$20K 14.7%
$20K-$35K 14.8%
$35K-$60K 22.7%
$60K-$100K 24.6%
>=$100K 23.2%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 41% 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 5.7%
5-9 mins 15.2%
10-14 mins 19.9%
15-19 mins 13.8%
20-29 mins 19.0%
30-44 mins 20.1%
45-59 mins 3.6%
>60 mins 2.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,372 per month.

MY RENT : $1,372 MEDIAN RENT : $1,273

Rent % Distribution
$500-699 4.9%
$700-899 15.7%
$900-999 9.2%
$1,000-1,499 35.1%
>=$1,500 35.1%
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 $1,372 would therefore be considered affordable for annual household incomes greater than $54,880 (12 months x 3.333 x $1,372).

Rent % Affordability
Above $500 85.3%
Above $700 78.1%
Above $1,100 60.9%
Above $1,500 47.8%
Above $1,900 36.0%
HOUSEHOLD INCOME RANGE

Approximately 6,942 of households in this neighborhood have a total annual income of $54,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,372 per month.

MINIMUM INCOME RANGE : $54,880

Income % Distribution
<$20K 14.7%
$20K-$35K 14.8%
$35K-$60K 22.7%
$60K-$100K 24.6%
>=$100K 23.2%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 41% 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 5.7%
5-9 mins 15.2%
10-14 mins 19.9%
15-19 mins 13.8%
20-29 mins 19.0%
30-44 mins 20.1%
45-59 mins 3.6%
>60 mins 2.7%

TROY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.8%
Educational Services 7.9%
Health Care & Social Assistance 11.8%
Manufacturing 26.6%
Retail & Wholesale Trader 13.8%
Transportation 5.2%
Other 26.9%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 32% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 19.6%
15-19 6.5%
20-24 5.9%
25-44 24.2%
45-65 27.2%
66+ 16.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.4%
Healthcare 7.7%
Management, Business, & Financial 17.9%
Natural Resources Maintenance 6.1%
Production & Transportation 24.7%
Sales & Office 20.9%
Other 14.3%
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 9.1%
High School 31.9%
Masters Degree 8.3%
Some College 22.3%
Some High School 9.3%
Other 19.0%

470 S Walnut St Comps

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470 S Walnut St, Troy, OH 45373 is a single family home of 1,546 sqft. HomeUnion INVESTimateĀ® for 470 S Walnut St includes a Price Estimate of $280,715 and a Rent Estimate of $1,364. This single family home has 4 bedrooms,2 bathrooms, and was built in 1952. This property has an estimated 15 year annualized Yield of 5.83% and Total Return of 8.69%. The estimated 1 year forecast in home value for 470 S Walnut St is 2.45%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH , ERIE County , or the 45373 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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