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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

113 Dobson Ln Spring Mills, PA 16875

0 Beds 0 Baths 1,035 sqft Built 1974
Last updated:  Oct 23, 2019

INVESTimate

$224,978

$208K - $242K

Price Est.

$898

803 - 993

Rent Est.

$235,867  ( +4.84%)   1 YR EST. FORECAST
  
  
  

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113 Dobson Ln PROPERTY INFO

FACTS
  • Built In 1974
  • Price/Sqft : $217.37
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,035 sqft
  • Baths : 0 Full

113 Dobson Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PENNS VALLEY AREA JSHS Middle Regular 653 50 8
PENNS VALLEY AREA JSHS High Regular 653 50 8

PENNS VALLEY AREA JSHS

  • Education Level: Middle
  • # of students: 653
  • # of teachers: 50
8
GreatSchools Rating

PENNS VALLEY AREA JSHS

  • Education Level: High
  • # of students: 653
  • # of teachers: 50
8
GreatSchools Rating
 

Financial Details

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Neighborhood

SPRING MILLS

  • 4,636

    POPULATION
  • 1,599

    HOUSEHOLDS
  • 58.7%

    WHITE COLLAR

Neighborhood : SPRING MILLS

HOUSEHOLDS
1,599
POPULATION

4,636

17.0%Renters
83.0%Home Owners
LABOR FORCE

 

58.7%White Collar
41.3%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 $898 per month.

MY RENT : $898 MEDIAN RENT : $1,301

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.6%
$900-999 5.8%
$1,000-1,499 64.6%
>=$1,500 29.0%
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 $898 would therefore be considered affordable for annual household incomes greater than $35,920 (12 months x 3.333 x $898).

Rent % Affordability
Above $500 89.2%
Above $700 82.6%
Above $1,100 63.8%
Above $1,500 49.6%
Above $1,900 39.4%
HOUSEHOLD INCOME RANGE

Approximately 949 of households in this neighborhood have a total annual income of $35,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $898 per month.

MINIMUM INCOME RANGE : $35,920

Income % Distribution
<$20K 10.8%
$20K-$35K 15.6%
$35K-$60K 24.0%
$60K-$100K 21.2%
>=$100K 28.4%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 4.5%
10-14 mins 7.0%
15-19 mins 8.2%
20-29 mins 26.7%
30-44 mins 38.5%
45-59 mins 5.3%
>60 mins 5.3%
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 $898 per month.

MY RENT : $898 MEDIAN RENT : $1,301

Rent % Distribution
$500-699 0.0%
$700-899 0.6%
$900-999 5.8%
$1,000-1,499 64.6%
>=$1,500 29.0%
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 $898 would therefore be considered affordable for annual household incomes greater than $35,920 (12 months x 3.333 x $898).

Rent % Affordability
Above $500 89.2%
Above $700 82.6%
Above $1,100 63.8%
Above $1,500 49.6%
Above $1,900 39.4%
HOUSEHOLD INCOME RANGE

Approximately 949 of households in this neighborhood have a total annual income of $35,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $898 per month.

MINIMUM INCOME RANGE : $35,920

Income % Distribution
<$20K 10.8%
$20K-$35K 15.6%
$35K-$60K 24.0%
$60K-$100K 21.2%
>=$100K 28.4%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 4.5%
10-14 mins 7.0%
15-19 mins 8.2%
20-29 mins 26.7%
30-44 mins 38.5%
45-59 mins 5.3%
>60 mins 5.3%

SPRING MILLS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 5.6%
Construction 11.0%
Educational Services 16.0%
Health Care & Social Assistance 15.5%
Manufacturing 10.8%
Retail & Wholesale Trader 14.7%
Other 26.4%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 33% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 21.0%
15-19 6.3%
20-24 5.2%
25-44 21.8%
45-65 31.0%
66+ 14.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.1%
Healthcare 10.0%
Management, Business, & Financial 15.9%
Natural Resources Maintenance 15.5%
Production & Transportation 11.3%
Sales & Office 15.3%
Other 23.0%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.0%
High School 43.6%
Masters Degree 5.7%
Some College 10.7%
Some High School 13.7%
Other 19.3%

113 Dobson Ln Comps

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113 Dobson Ln, Spring Mills, PA 16875 is a single family home of 1,035 sqft. HomeUnion INVESTimateĀ® for 113 Dobson Ln includes a Price Estimate of $224,978 and a Rent Estimate of $898. This single family home has 0 bedrooms,0 bathrooms, and was built in 1974. This property has an estimated 15 year annualized Yield of 4.79% and Total Return of 15.74%. The estimated 1 year forecast in home value for 113 Dobson Ln is 4.84%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , CENTRE County , or the 16875 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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