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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

5552 Highland Rd Highland Heights, OH 44143

3 Beds 1 Baths 1,720 sqft Built 1940
Last updated:  Jun 30, 2018

INVESTimate

$153,762

$144K - $163K

Price Est.

$1,494

$1.3K - $1.7K

Rent Est.

$157,944  ( +2.72%)   1 YR EST. FORECAST
  
  
  

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5552 Highland Rd PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $89.40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,720 sqft
  • Baths : 1 Full

5552 Highland Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MAYFIELD HIGH SCHOOL High Regular 2,010 121 8

MAYFIELD HIGH SCHOOL

  • Education Level: High
  • # of students: 2,010
  • # of teachers: 121
8
GreatSchools Rating
 

Financial Details

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Neighborhood

Highland Heights

  • 8,342

    POPULATION
  • 3,108

    HOUSEHOLDS
  • 84.7%

    WHITE COLLAR

Neighborhood : Highland Heights

HOUSEHOLDS
3,108
POPULATION

8,342

7.6%Renters
92.4%Home Owners
LABOR FORCE

 

84.7%White Collar
15.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 83% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,461 per month.

MY RENT : $1,461 MEDIAN RENT : $2,235

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 18.2%
>=$1,500 81.8%
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 $1,461 would therefore be considered affordable for annual household incomes greater than $58,440 (12 months x 3.333 x $1,461).

Rent % Affordability
Above $500 91.1%
Above $700 85.7%
Above $1,100 77.2%
Above $1,500 70.2%
Above $1,900 63.7%
HOUSEHOLD INCOME RANGE

Approximately 2,191 of households in this neighborhood have a total annual income of $58,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,461 per month.

MINIMUM INCOME RANGE : $58,440

Income % Distribution
<$20K 8.9%
$20K-$35K 10.0%
$35K-$60K 10.9%
$60K-$100K 19.6%
>=$100K 50.6%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.8%
5-9 mins 11.5%
10-14 mins 15.1%
15-19 mins 15.2%
20-29 mins 27.0%
30-44 mins 23.7%
45-59 mins 3.2%
>60 mins 1.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 83% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,461 per month.

MY RENT : $1,461 MEDIAN RENT : $2,235

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 18.2%
>=$1,500 81.8%
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 $1,461 would therefore be considered affordable for annual household incomes greater than $58,440 (12 months x 3.333 x $1,461).

Rent % Affordability
Above $500 91.1%
Above $700 85.7%
Above $1,100 77.2%
Above $1,500 70.2%
Above $1,900 63.7%
HOUSEHOLD INCOME RANGE

Approximately 2,191 of households in this neighborhood have a total annual income of $58,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,461 per month.

MINIMUM INCOME RANGE : $58,440

Income % Distribution
<$20K 8.9%
$20K-$35K 10.0%
$35K-$60K 10.9%
$60K-$100K 19.6%
>=$100K 50.6%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.8%
5-9 mins 11.5%
10-14 mins 15.1%
15-19 mins 15.2%
20-29 mins 27.0%
30-44 mins 23.7%
45-59 mins 3.2%
>60 mins 1.7%

Highland Heights Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.6%
Educational Services 10.8%
Financial Industries 7.7%
Health Care & Social Assistance 19.5%
Manufacturing 10.0%
Retail & Wholesale Trader 14.2%
Other 26.2%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 30% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 15.9%
15-19 8.1%
20-24 6.3%
25-44 16.9%
45-65 32.8%
66+ 20.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 10.6%
Construction 5.1%
Healthcare 14.1%
Management, Business, & Financial 30.0%
Production & Transportation 5.8%
Sales & Office 21.4%
Other 13.1%
HIGHEST EDUCATION LEVEL

30% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
High School 22.6%
Masters Degree 18.4%
Professional 5.1%
Some College 15.4%
Some High School 3.9%
Other 34.4%

5552 Highland Rd Comps

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5552 Highland Rd, Highland Heights, OH 44143 is a single family home of 1,720 sqft. HomeUnion INVESTimateĀ® for 5552 Highland Rd includes a Price Estimate of $153,762 and a Rent Estimate of $1,494. This single family home has 3 bedrooms,1 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 11.66% and Total Return of 20.85%. The estimated 1 year forecast in home value for 5552 Highland Rd is 2.72%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH , CUYAHOGA County , or the 44143 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2