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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

114 Stomeyer Ln Spring Mills, PA 16875

3 Beds 2 Baths 1,960 sqft Built 1889
Last updated:  Dec 26, 2019

INVESTimate

$171,510

$158K - $185K

Price Est.

$1,543

$1.3K - $1.8K

Rent Est.

$179,811  ( +4.84%)   1 YR EST. FORECAST
  
  
  

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114 Stomeyer Ln PROPERTY INFO

FACTS
  • Built In 1889
  • Price/Sqft : $87.51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,960 sqft
  • Baths : 2 Full

114 Stomeyer 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 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,543 per month.

MY RENT : $1,543 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 $1,543 would therefore be considered affordable for annual household incomes greater than $61,720 (12 months x 3.333 x $1,543).

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 585 of households in this neighborhood have a total annual income of $61,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,543 per month.

MINIMUM INCOME RANGE : $61,720

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 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,543 per month.

MY RENT : $1,543 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 $1,543 would therefore be considered affordable for annual household incomes greater than $61,720 (12 months x 3.333 x $1,543).

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 585 of households in this neighborhood have a total annual income of $61,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,543 per month.

MINIMUM INCOME RANGE : $61,720

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%

114 Stomeyer Ln Comps

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114 Stomeyer Ln, Spring Mills, PA 16875 is a single family home of 1,960 sqft. HomeUnion INVESTimateĀ® for 114 Stomeyer Ln includes a Price Estimate of $171,510 and a Rent Estimate of $1,543. This single family home has 3 bedrooms,2 bathrooms, and was built in 1889. This property has an estimated 15 year annualized Yield of 10.80% and Total Return of 24.94%. The estimated 1 year forecast in home value for 114 Stomeyer 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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Nearest zipcodes within 2 miles

  1. 16666
  2. 16866
  3. 16828