126 Lower Georges Valley Rd PROPERTY INFO
FACTS
- Built In 1981
- Price/Sqft : $135.84
CONSTRUCTION
- Beds : 3
- Floor Size : 1,114 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
126 Lower Georges Valley Rd, Spring Mills, PA 16875 is a single family home of 1,114 sqft. HomeUnion estimate for 126 Lower Georges Valley Rd includes a Price Estimate of $151,329 and a Rent Estimate of $1,232. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1981. This property has an estimated 15 year annualized Yield of 9.77% and Total Return of 24.74%. The estimated 1 year forecast in home value for 126 Lower Georges Valley Rd is 4.84%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
126 Lower Georges Valley Rd SCHOOLS
Financial Details
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SPRING MILLS
Neighborhood : SPRING MILLS
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,232 per month.
MY RENT : $1,232 MEDIAN RENT : $1,298
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 $1,232 would therefore be considered affordable for annual household incomes greater than $49,280 (12 months x 3.333 x $1,232).
HOUSEHOLD INCOME RANGE
Approximately 887 of households in this neighborhood have a total annual income of $49,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,232 per month.
MINIMUM INCOME RANGE : $49,280
COMMUTE TIME DISTRIBUTION
70% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.
SPRING MILLS Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 6.1% |
Construction | 10.8% |
Educational Services | 17.7% |
Health Care & Social Assistance | 14.1% |
Manufacturing | 9.4% |
Retail & Wholesale Trader | 13.4% |
Other | 28.6% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 32% is 24 or younger and 15% is 65 or older.
Age | % Distribution |
---|---|
<15 | 21.5% |
15-19 | 5.3% |
20-24 | 5.1% |
25-44 | 22.5% |
45-65 | 30.8% |
66+ | 14.9% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 8.9% |
Healthcare | 7.2% |
Management, Business, & Financial | 20.6% |
Natural Resources Maintenance | 17.9% |
Production & Transportation | 9.8% |
Sales & Office | 15.8% |
Other | 19.9% |
HIGHEST EDUCATION LEVEL
15% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 6.7% |
High School | 44.7% |
Masters Degree | 5.9% |
Some College | 10.0% |
Some High School | 14.0% |
Other | 18.6% |
126 Lower Georges Valley Rd Comps
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