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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

1029 Hickory Ln Equinunk, PA 18417

1 Beds 1 Baths 264 sqft Built 2005
Last updated:  Dec 26, 2019

INVESTimate

$120,711

$112K - $129K

Price Est.

$873

735 - $1.0K

Rent Est.

$121,206  ( +0.41%)   1 YR EST. FORECAST
  
  
  

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1029 Hickory Ln PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $457.24
CONSTRUCTION
  • Beds : 1
  • Floor Size : 264 sqft
  • Baths : 1 Full

1029 Hickory Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HONESDALE HIGH SCHOOL High Regular 969 66 8

HONESDALE HIGH SCHOOL

  • Education Level: High
  • # of students: 969
  • # of teachers: 66
8
GreatSchools Rating
 

Financial Details

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Neighborhood

EQUINUNK

  • 1,084

    POPULATION
  • 420

    HOUSEHOLDS
  • 49.5%

    WHITE COLLAR

Neighborhood : EQUINUNK

HOUSEHOLDS
420
POPULATION

1,084

13.9%Renters
86.1%Home Owners
LABOR FORCE

 

49.5%White Collar
50.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 89% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $873 per month.

MY RENT : $873 MEDIAN RENT : $1,226

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 12.9%
$900-999 14.4%
$1,000-1,499 44.9%
>=$1,500 27.8%
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 $873 would therefore be considered affordable for annual household incomes greater than $34,920 (12 months x 3.333 x $873).

Rent % Affordability
Above $500 85.5%
Above $700 77.1%
Above $1,100 59.6%
Above $1,500 45.2%
Above $1,900 30.5%
HOUSEHOLD INCOME RANGE

Approximately 959 of households in this neighborhood have a total annual income of $34,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $873 per month.

MINIMUM INCOME RANGE : $34,920

Income % Distribution
<$20K 14.5%
$20K-$35K 17.9%
$35K-$60K 22.4%
$60K-$100K 31.2%
>=$100K 14.0%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 10.8%
10-14 mins 10.8%
15-19 mins 8.4%
20-29 mins 16.9%
30-44 mins 28.0%
45-59 mins 6.3%
>60 mins 14.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 89% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $873 per month.

MY RENT : $873 MEDIAN RENT : $1,226

Rent % Distribution
$500-699 0.0%
$700-899 12.9%
$900-999 14.4%
$1,000-1,499 44.9%
>=$1,500 27.8%
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 $873 would therefore be considered affordable for annual household incomes greater than $34,920 (12 months x 3.333 x $873).

Rent % Affordability
Above $500 85.5%
Above $700 77.1%
Above $1,100 59.6%
Above $1,500 45.2%
Above $1,900 30.5%
HOUSEHOLD INCOME RANGE

Approximately 959 of households in this neighborhood have a total annual income of $34,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $873 per month.

MINIMUM INCOME RANGE : $34,920

Income % Distribution
<$20K 14.5%
$20K-$35K 17.9%
$35K-$60K 22.4%
$60K-$100K 31.2%
>=$100K 14.0%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 10.8%
10-14 mins 10.8%
15-19 mins 8.4%
20-29 mins 16.9%
30-44 mins 28.0%
45-59 mins 6.3%
>60 mins 14.2%

EQUINUNK Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.6%
Construction 15.9%
Educational Services 9.1%
Health Care & Social Assistance 14.6%
Manufacturing 8.0%
Retail & Wholesale Trader 15.2%
Other 27.6%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 27% is 24 or younger and 25% is 65 or older.

Age % Distribution
<15 19.1%
15-19 4.0%
20-24 3.5%
25-44 23.1%
45-65 25.0%
66+ 25.4%
OCCUPATION

Occupation % Distribution
Clean 4.7%
Healthcare 6.5%
Management, Business, & Financial 14.3%
Natural Resources Maintenance 21.1%
Production & Transportation 15.1%
Sales & Office 21.1%
Other 17.2%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.6%
High School 48.6%
Masters Degree 8.4%
Some College 15.4%
Some High School 10.3%
Other 10.7%

1029 Hickory Ln Comps

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1029 Hickory Ln, Equinunk, PA 18417 is a single family home of 264 sqft. HomeUnion INVESTimateĀ® for 1029 Hickory Ln includes a Price Estimate of $120,711 and a Rent Estimate of $873. This single family home has 1 bedrooms,1 bathrooms, and was built in 2005. This property has an estimated 15 year annualized Yield of 8.68% and Total Return of 7.48%. The estimated 1 year forecast in home value for 1029 Hickory Ln is 0.41%.

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