INVESTimate
$68,520
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9381 Shaw Rd PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $80.17
CONSTRUCTION
- Beds : 4
- Floor Size : 2,684 sqft
- Baths : 2 Full 1 Half
9381 Shaw Rd SCHOOLS
Financial Details
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SPENCER
Neighborhood : SPENCER
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 52% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,052 per month.
MY RENT : $2,052 MEDIAN RENT : $1,518
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 $2,052 would therefore be considered affordable for annual household incomes greater than $82,080 (12 months x 3.333 x $2,052).
HOUSEHOLD INCOME RANGE
Approximately 377 of households in this neighborhood have a total annual income of $82,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,052 per month.
MINIMUM INCOME RANGE : $82,080
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.
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% |
9381 Shaw Rd Comps
9381 Shaw Rd, Spencer, OH 44275 is a single family home of 2,684 sqft. HomeUnion INVESTimateĀ® for 9381 Shaw Rd includes a Price Estimate of $215,171 and a Rent Estimate of $2,353. This single family home has 4 bedrooms,3 bathrooms, and was built in 1999. This property has an estimated 15 year annualized Yield of 13.12% and Total Return of 31.30%. The estimated 1 year forecast in home value for 9381 Shaw 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