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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

501 W German St New Knoxville, OH 45871

4 Beds 2 Baths 2,004 sqft Built 1980
Last updated:  Jun 30, 2018

INVESTimate

$74,094

$67.7K - $80.5K

Price Est.

$1,268

$1.1K - $1.5K

Rent Est.

$75,280  ( +1.6%)   1 YR EST. FORECAST
  
  
  

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501 W German St PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $36.97
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,004 sqft
  • Baths : 2 Full

501 W German St SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

NEW KNOXVILLE

  • 2,053

    POPULATION
  • 766

    HOUSEHOLDS
  • 55.3%

    WHITE COLLAR

Neighborhood : NEW KNOXVILLE

HOUSEHOLDS
766
POPULATION

2,053

27.9%Renters
72.1%Home Owners
LABOR FORCE

 

55.3%White Collar
44.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 38% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,256 per month.

MY RENT : $1,256 MEDIAN RENT : $1,080

Rent % Distribution LEVEL
$500-699 0.1%
$700-899 25.9%
$900-999 10.5%
$1,000-1,499 49.9%
>=$1,500 13.5%
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 $1,256 would therefore be considered affordable for annual household incomes greater than $50,240 (12 months x 3.333 x $1,256).

Rent % Affordability
Above $500 91.6%
Above $700 84.2%
Above $1,100 67.1%
Above $1,500 54.6%
Above $1,900 41.2%
HOUSEHOLD INCOME RANGE

Approximately 448 of households in this neighborhood have a total annual income of $50,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,256 per month.

MINIMUM INCOME RANGE : $50,240

Income % Distribution
<$20K 8.4%
$20K-$35K 12.9%
$35K-$60K 24.1%
$60K-$100K 29.4%
>=$100K 25.2%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 36% 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 12.1%
5-9 mins 11.3%
10-14 mins 12.5%
15-19 mins 16.8%
20-29 mins 24.7%
30-44 mins 14.2%
45-59 mins 4.4%
>60 mins 3.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 38% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,256 per month.

MY RENT : $1,256 MEDIAN RENT : $1,080

Rent % Distribution
$500-699 0.1%
$700-899 25.9%
$900-999 10.5%
$1,000-1,499 49.9%
>=$1,500 13.5%
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 $1,256 would therefore be considered affordable for annual household incomes greater than $50,240 (12 months x 3.333 x $1,256).

Rent % Affordability
Above $500 91.6%
Above $700 84.2%
Above $1,100 67.1%
Above $1,500 54.6%
Above $1,900 41.2%
HOUSEHOLD INCOME RANGE

Approximately 448 of households in this neighborhood have a total annual income of $50,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,256 per month.

MINIMUM INCOME RANGE : $50,240

Income % Distribution
<$20K 8.4%
$20K-$35K 12.9%
$35K-$60K 24.1%
$60K-$100K 29.4%
>=$100K 25.2%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 36% 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 12.1%
5-9 mins 11.3%
10-14 mins 12.5%
15-19 mins 16.8%
20-29 mins 24.7%
30-44 mins 14.2%
45-59 mins 4.4%
>60 mins 3.9%

NEW KNOXVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 5.4%
Educational Services 8.2%
Health Care & Social Assistance 10.7%
Manufacturing 28.3%
Retail & Wholesale Trader 12.4%
Transportation 5.1%
Other 29.9%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 35% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 23.6%
15-19 5.0%
20-24 6.6%
25-44 22.4%
45-65 28.1%
66+ 14.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.8%
Healthcare 6.4%
Management, Business, & Financial 13.9%
Natural Resources Maintenance 11.4%
Production & Transportation 28.5%
Sales & Office 17.1%
Other 16.9%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.7%
High School 39.1%
Masters Degree 5.4%
Some College 16.9%
Some High School 4.5%
Other 20.4%

501 W German St Comps

Sorry, we do not have sufficient data available.

501 W German St, New Knoxville, OH 45871 is a single family home of 2,004 sqft. HomeUnion INVESTimateĀ® for 501 W German St includes a Price Estimate of $74,094 and a Rent Estimate of $1,268. This single family home has 4 bedrooms,2 bathrooms, and was built in 1980. This property has an estimated 15 year annualized Yield of 20.54% and Total Return of 37.26%. The estimated 1 year forecast in home value for 501 W German St is 1.6%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH , AUGLAIZE County , or the 45871 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2