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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

118 Olinger St Meyersdale, PA 15552

3 Beds 1 Baths 1,536 sqft Built 1905
Last updated:  Dec 26, 2019

INVESTimate

$70,483

$64.4K - $76.5K

Price Est.

$913

769 - $1.1K

Rent Est.

$73,464  ( +4.23%)   1 YR EST. FORECAST
  
  
  

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118 Olinger St PROPERTY INFO

FACTS
  • Built In 1905
  • Price/Sqft : $45.89
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 1 Full

118 Olinger St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MEYERSDALE AREA ELEMENTARY SCHOOL Primary Regular 403 34 6
MEYERSDALE AREA MIDDLE SCHOOL Middle Regular 222 15 5
MEYERSDALE AREA HIGH SCHOOL High Regular 279 20 8

MEYERSDALE AREA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 403
  • # of teachers: 34
6
GreatSchools Rating

MEYERSDALE AREA MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 222
  • # of teachers: 15
5
GreatSchools Rating

MEYERSDALE AREA HIGH SCHOOL

  • Education Level: High
  • # of students: 279
  • # of teachers: 20
8
GreatSchools Rating
 

Financial Details

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Neighborhood

MEYERSDALE

  • 5,795

    POPULATION
  • 2,261

    HOUSEHOLDS
  • 44.3%

    WHITE COLLAR

Neighborhood : MEYERSDALE

HOUSEHOLDS
2,261
POPULATION

5,795

23.7%Renters
76.3%Home Owners
LABOR FORCE

 

44.3%White Collar
55.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 61% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $913 per month.

MY RENT : $913 MEDIAN RENT : $942

Rent % Distribution LEVEL
$500-699 0.5%
$700-899 34.5%
$900-999 28.7%
$1,000-1,499 35.0%
>=$1,500 1.3%
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 $913 would therefore be considered affordable for annual household incomes greater than $36,520 (12 months x 3.333 x $913).

Rent % Affordability
Above $500 80.3%
Above $700 71.0%
Above $1,100 51.5%
Above $1,500 37.7%
Above $1,900 23.4%
HOUSEHOLD INCOME RANGE

Approximately 1,058 of households in this neighborhood have a total annual income of $36,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $913 per month.

MINIMUM INCOME RANGE : $36,520

Income % Distribution
<$20K 19.7%
$20K-$35K 19.3%
$35K-$60K 23.3%
$60K-$100K 25.9%
>=$100K 11.8%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.6%
5-9 mins 9.9%
10-14 mins 10.7%
15-19 mins 8.4%
20-29 mins 19.4%
30-44 mins 26.2%
45-59 mins 8.0%
>60 mins 8.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 61% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $913 per month.

MY RENT : $913 MEDIAN RENT : $942

Rent % Distribution
$500-699 0.5%
$700-899 34.5%
$900-999 28.7%
$1,000-1,499 35.0%
>=$1,500 1.3%
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 $913 would therefore be considered affordable for annual household incomes greater than $36,520 (12 months x 3.333 x $913).

Rent % Affordability
Above $500 80.3%
Above $700 71.0%
Above $1,100 51.5%
Above $1,500 37.7%
Above $1,900 23.4%
HOUSEHOLD INCOME RANGE

Approximately 1,058 of households in this neighborhood have a total annual income of $36,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $913 per month.

MINIMUM INCOME RANGE : $36,520

Income % Distribution
<$20K 19.7%
$20K-$35K 19.3%
$35K-$60K 23.3%
$60K-$100K 25.9%
>=$100K 11.8%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.6%
5-9 mins 9.9%
10-14 mins 10.7%
15-19 mins 8.4%
20-29 mins 19.4%
30-44 mins 26.2%
45-59 mins 8.0%
>60 mins 8.7%

MEYERSDALE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.7%
Construction 8.8%
Health Care & Social Assistance 18.5%
Manufacturing 15.8%
Retail & Wholesale Trader 9.9%
Transportation 7.5%
Other 31.8%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 27% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 16.7%
15-19 5.1%
20-24 4.9%
25-44 23.0%
45-65 29.2%
66+ 21.1%
OCCUPATION

Occupation % Distribution
Healthcare 13.4%
Management, Business, & Financial 12.2%
Natural Resources Maintenance 17.8%
Production & Transportation 26.2%
Protect 4.4%
Sales & Office 13.3%
Other 12.6%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.1%
High School 51.0%
Masters Degree 3.3%
Some College 11.8%
Some High School 18.6%
Other 8.1%

118 Olinger St Comps

Sorry, we do not have sufficient data available.

118 Olinger St, Meyersdale, PA 15552 is a single family home of 1,536 sqft. HomeUnion INVESTimateĀ® for 118 Olinger St includes a Price Estimate of $70,483 and a Rent Estimate of $913. This single family home has 3 bedrooms,1 bathrooms, and was built in 1905. This property has an estimated 15 year annualized Yield of 15.54% and Total Return of 26.28%. The estimated 1 year forecast in home value for 118 Olinger St is 4.23%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , SOMERSET County , or the 15552 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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