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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

8442 County Road 478 Champion, MI 49814

4 Beds 1 Baths 1,785 sqft Built 1905
Last updated:  Jun 30, 2018

INVESTimate

$146,760

$137K - $156K

Price Est.

$1,210

$1.1K - $1.3K

Rent Est.

$150,825  ( +2.77%)   1 YR EST. FORECAST
  
  
  

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8442 County Road 478 PROPERTY INFO

FACTS
  • Built In 1905
  • Price/Sqft : $82.22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,785 sqft
  • Baths : 1 Full

8442 County Road 478 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
REPUBLIC-MICHIGAMME SCHOOL Primary Regular 140 10 4
REPUBLIC-MICHIGAMME SCHOOL Middle Regular 140 10 4
REPUBLIC-MICHIGAMME SCHOOL High Regular 140 10 4

REPUBLIC-MICHIGAMME SCHOOL

  • Education Level: Primary
  • # of students: 140
  • # of teachers: 10
4
GreatSchools Rating

REPUBLIC-MICHIGAMME SCHOOL

  • Education Level: Middle
  • # of students: 140
  • # of teachers: 10
4
GreatSchools Rating

REPUBLIC-MICHIGAMME SCHOOL

  • Education Level: High
  • # of students: 140
  • # of teachers: 10
4
GreatSchools Rating
 

Financial Details

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Neighborhood

CHAMPION

  • 1,160

    POPULATION
  • 498

    HOUSEHOLDS
  • 41.6%

    WHITE COLLAR

Neighborhood : CHAMPION

HOUSEHOLDS
498
POPULATION

1,160

9.8%Renters
90.2%Home Owners
LABOR FORCE

 

41.6%White Collar
58.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 21% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,281 per month.

MY RENT : $1,281 MEDIAN RENT : $973

Rent % Distribution LEVEL
$500-699 1.7%
$700-899 35.7%
$900-999 16.6%
$1,000-1,499 43.6%
>=$1,500 2.4%
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 $1,281 would therefore be considered affordable for annual household incomes greater than $51,240 (12 months x 3.333 x $1,281).

Rent % Affordability
Above $500 79.8%
Above $700 72.6%
Above $1,100 55.3%
Above $1,500 39.0%
Above $1,900 23.5%
HOUSEHOLD INCOME RANGE

Approximately 214 of households in this neighborhood have a total annual income of $51,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,281 per month.

MINIMUM INCOME RANGE : $51,240

Income % Distribution
<$20K 20.2%
$20K-$35K 15.0%
$35K-$60K 25.8%
$60K-$100K 27.2%
>=$100K 11.8%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 10.9%
10-14 mins 12.8%
15-19 mins 10.7%
20-29 mins 13.9%
30-44 mins 24.4%
45-59 mins 14.8%
>60 mins 7.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 21% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,281 per month.

MY RENT : $1,281 MEDIAN RENT : $973

Rent % Distribution
$500-699 1.7%
$700-899 35.7%
$900-999 16.6%
$1,000-1,499 43.6%
>=$1,500 2.4%
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 $1,281 would therefore be considered affordable for annual household incomes greater than $51,240 (12 months x 3.333 x $1,281).

Rent % Affordability
Above $500 79.8%
Above $700 72.6%
Above $1,100 55.3%
Above $1,500 39.0%
Above $1,900 23.5%
HOUSEHOLD INCOME RANGE

Approximately 214 of households in this neighborhood have a total annual income of $51,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,281 per month.

MINIMUM INCOME RANGE : $51,240

Income % Distribution
<$20K 20.2%
$20K-$35K 15.0%
$35K-$60K 25.8%
$60K-$100K 27.2%
>=$100K 11.8%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 10.9%
10-14 mins 12.8%
15-19 mins 10.7%
20-29 mins 13.9%
30-44 mins 24.4%
45-59 mins 14.8%
>60 mins 7.9%

CHAMPION Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 13.1%
Construction 10.0%
Health Care & Social Assistance 14.8%
Manufacturing 10.7%
Public Administration 6.8%
Retail & Wholesale Trader 11.8%
Other 32.8%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 23% is 24 or younger and 25% is 65 or older.

Age % Distribution
<15 15.3%
15-19 4.6%
20-24 3.6%
25-44 19.9%
45-65 31.6%
66+ 25.0%
OCCUPATION

Occupation % Distribution
Healthcare 10.6%
Management, Business, & Financial 8.8%
Natural Resources Maintenance 28.2%
Production & Transportation 15.8%
Protect 2.8%
Sales & Office 21.5%
Other 12.3%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.1%
High School 38.9%
Masters Degree 2.2%
Some College 27.6%
Some High School 6.6%
Other 16.6%

8442 County Road 478 Comps

Sorry, we do not have sufficient data available.

8442 County Road 478, Champion, MI 49814 is a single family home of 1,785 sqft. HomeUnion INVESTimateĀ® for 8442 County Road 478 includes a Price Estimate of $146,760 and a Rent Estimate of $1,210. This single family home has 4 bedrooms,1 bathrooms, and was built in 1905. This property has an estimated 15 year annualized Yield of 9.89% and Total Return of 20.01%. The estimated 1 year forecast in home value for 8442 County Road 478 is 2.77%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , MARQUETTE County , or the 49814 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2