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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

7286 Avon Lake Rd Spencer, OH 44275

3 Beds 1 Baths 1,204 sqft Built 1910
Last updated:  Jul 30, 2018

INVESTimate

$147,472

$138K - $157K

Price Est.

$1,219

$1.1K - $1.3K

Rent Est.

$151,911  ( +3.01%)   1 YR EST. FORECAST
  
  
  

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7286 Avon Lake Rd PROPERTY INFO

FACTS
  • Built In 1910
  • Price/Sqft : $122.49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,204 sqft
  • Baths : 1 Full

7286 Avon Lake Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CLOVERLEAF ELEMENTARY SCHOOL Primary Regular 1,176 48 7
CLOVERLEAF ELEMENTARY SCHOOL Middle Regular 1,176 48 7
CLOVERLEAF HIGH SCHOOL High Regular 866 47 6

CLOVERLEAF ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 1,176
  • # of teachers: 48
7
GreatSchools Rating

CLOVERLEAF ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 1,176
  • # of teachers: 48
7
GreatSchools Rating

CLOVERLEAF HIGH SCHOOL

  • Education Level: High
  • # of students: 866
  • # of teachers: 47
6
GreatSchools Rating
 

Financial Details

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Neighborhood

SPENCER

  • 3,206

    POPULATION
  • 1,183

    HOUSEHOLDS
  • 61.5%

    WHITE COLLAR

Neighborhood : SPENCER

HOUSEHOLDS
1,183
POPULATION

3,206

14.9%Renters
85.1%Home Owners
LABOR FORCE

 

61.5%White Collar
38.5%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 $1,262 per month.

MY RENT : $1,262 MEDIAN RENT : $1,518

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.1%
$900-999 1.9%
$1,000-1,499 46.1%
>=$1,500 51.9%
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 $1,262 would therefore be considered affordable for annual household incomes greater than $50,480 (12 months x 3.333 x $1,262).

Rent % Affordability
Above $500 90.1%
Above $700 83.4%
Above $1,100 69.3%
Above $1,500 55.0%
Above $1,900 42.0%
HOUSEHOLD INCOME RANGE

Approximately 697 of households in this neighborhood have a total annual income of $50,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,262 per month.

MINIMUM INCOME RANGE : $50,480

Income % Distribution
<$20K 9.9%
$20K-$35K 9.9%
$35K-$60K 25.2%
$60K-$100K 28.1%
>=$100K 26.9%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 31% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 1.5%
10-14 mins 9.0%
15-19 mins 9.6%
20-29 mins 22.6%
30-44 mins 23.9%
45-59 mins 19.9%
>60 mins 11.3%
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 $1,262 per month.

MY RENT : $1,262 MEDIAN RENT : $1,518

Rent % Distribution
$500-699 0.0%
$700-899 0.1%
$900-999 1.9%
$1,000-1,499 46.1%
>=$1,500 51.9%
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 $1,262 would therefore be considered affordable for annual household incomes greater than $50,480 (12 months x 3.333 x $1,262).

Rent % Affordability
Above $500 90.1%
Above $700 83.4%
Above $1,100 69.3%
Above $1,500 55.0%
Above $1,900 42.0%
HOUSEHOLD INCOME RANGE

Approximately 697 of households in this neighborhood have a total annual income of $50,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,262 per month.

MINIMUM INCOME RANGE : $50,480

Income % Distribution
<$20K 9.9%
$20K-$35K 9.9%
$35K-$60K 25.2%
$60K-$100K 28.1%
>=$100K 26.9%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 31% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 1.5%
10-14 mins 9.0%
15-19 mins 9.6%
20-29 mins 22.6%
30-44 mins 23.9%
45-59 mins 19.9%
>60 mins 11.3%

SPENCER Demographics

INDUSTRY

Industry % Distribution
Construction 6.8%
Educational Services 6.3%
Health Care & Social Assistance 17.9%
Manufacturing 17.5%
Retail & Wholesale Trader 12.1%
Transportation 8.2%
Other 31.2%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 31% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 18.2%
15-19 5.3%
20-24 7.3%
25-44 22.6%
45-65 30.0%
66+ 16.6%
OCCUPATION

Occupation % Distribution
Healthcare 7.0%
Management, Business, & Financial 21.3%
Natural Resources Maintenance 7.5%
PCare 5.7%
Production & Transportation 17.6%
Sales & Office 22.9%
Other 18.1%
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 9.8%
High School 48.0%
Masters Degree 5.1%
Some College 16.3%
Some High School 10.4%
Other 10.4%

7286 Avon Lake Rd Comps

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7286 Avon Lake Rd, Spencer, OH 44275 is a single family home of 1,204 sqft. HomeUnion INVESTimateĀ® for 7286 Avon Lake Rd includes a Price Estimate of $147,472 and a Rent Estimate of $1,219. This single family home has 3 bedrooms,1 bathrooms, and was built in 1910. This property has an estimated 15 year annualized Yield of 9.92% and Total Return of 20.95%. The estimated 1 year forecast in home value for 7286 Avon Lake Rd is 3.01%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH , MEDINA County , or the 44275 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2