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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

111 Lee Spring Rd Blandon, PA 19510

0 Beds 0 Baths 720 sqft Built 0
Last updated:  Jan 23, 2020

INVESTimate

$150,134

$128K - $173K

Price Est.

$944

857 - $1.0K

Rent Est.

$152,776  ( +1.76%)   1 YR EST. FORECAST
  
  
  

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111 Lee Spring Rd PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $208.52
CONSTRUCTION
  • Beds : 0
  • Floor Size : 720 sqft
  • Baths : 0 Full

111 Lee Spring Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FLEETWOOD MIDDLE SCHOOL Primary Regular 846 58 NA
FLEETWOOD MIDDLE SCHOOL Middle Regular 846 58 NA
FLEETWOOD SENIOR HIGH SCHOOL High Regular 833 60 NA

FLEETWOOD MIDDLE SCHOOL

  • Education Level: Primary
  • # of students: 846
  • # of teachers: 58
-1
GreatSchools Rating

FLEETWOOD MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 846
  • # of teachers: 58
-1
GreatSchools Rating

FLEETWOOD SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 833
  • # of teachers: 60
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

Blandon

  • 7,303

    POPULATION
  • 2,593

    HOUSEHOLDS
  • 52.9%

    WHITE COLLAR

Neighborhood : Blandon

HOUSEHOLDS
2,593
POPULATION

7,303

14.1%Renters
85.9%Home Owners
LABOR FORCE

 

52.9%White Collar
47.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $944 per month.

MY RENT : $944 MEDIAN RENT : $1,511

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 1.2%
$1,000-1,499 48.4%
>=$1,500 50.4%
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 $944 would therefore be considered affordable for annual household incomes greater than $37,760 (12 months x 3.333 x $944).

Rent % Affordability
Above $500 93.9%
Above $700 87.2%
Above $1,100 75.9%
Above $1,500 61.7%
Above $1,900 47.5%
HOUSEHOLD INCOME RANGE

Approximately 1,793 of households in this neighborhood have a total annual income of $37,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $944 per month.

MINIMUM INCOME RANGE : $37,760

Income % Distribution
<$20K 6.1%
$20K-$35K 12.2%
$35K-$60K 20.0%
$60K-$100K 34.1%
>=$100K 27.6%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 7.2%
10-14 mins 17.6%
15-19 mins 18.1%
20-29 mins 24.0%
30-44 mins 15.2%
45-59 mins 8.1%
>60 mins 5.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $944 per month.

MY RENT : $944 MEDIAN RENT : $1,511

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 1.2%
$1,000-1,499 48.4%
>=$1,500 50.4%
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 $944 would therefore be considered affordable for annual household incomes greater than $37,760 (12 months x 3.333 x $944).

Rent % Affordability
Above $500 93.9%
Above $700 87.2%
Above $1,100 75.9%
Above $1,500 61.7%
Above $1,900 47.5%
HOUSEHOLD INCOME RANGE

Approximately 1,793 of households in this neighborhood have a total annual income of $37,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $944 per month.

MINIMUM INCOME RANGE : $37,760

Income % Distribution
<$20K 6.1%
$20K-$35K 12.2%
$35K-$60K 20.0%
$60K-$100K 34.1%
>=$100K 27.6%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 7.2%
10-14 mins 17.6%
15-19 mins 18.1%
20-29 mins 24.0%
30-44 mins 15.2%
45-59 mins 8.1%
>60 mins 5.4%

Blandon Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.4%
Educational Services 6.8%
Health Care & Social Assistance 15.3%
Manufacturing 27.4%
Retail & Wholesale Trader 12.9%
Transportation 5.5%
Other 24.7%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 34% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 22.3%
15-19 5.7%
20-24 5.7%
25-44 24.3%
45-65 30.8%
66+ 11.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.7%
Healthcare 9.8%
Management, Business, & Financial 14.2%
Production & Transportation 31.4%
Protect 3.9%
Sales & Office 17.4%
Other 17.5%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.0%
High School 40.3%
Masters Degree 5.2%
Some College 17.6%
Some High School 8.4%
Other 16.5%

111 Lee Spring Rd Comps

Sorry, we do not have sufficient data available.

111 Lee Spring Rd, Blandon, PA 19510 is a single family home of 720 sqft. HomeUnion INVESTimateĀ® for 111 Lee Spring Rd includes a Price Estimate of $150,134 and a Rent Estimate of $944. This single family home has 0 bedrooms,0 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 7.55% and Total Return of 8.50%. The estimated 1 year forecast in home value for 111 Lee Spring Rd is 1.76%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , BERKS County , or the 19510 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2