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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

13 Ridgewood Rd Radnor, PA 19087

3 Beds 3 Baths 3,330 sqft Built 1959
Last updated:  Nov 28, 2019

INVESTimate

$995,624

$975K - $1.02M

Price Est.

$3,597

$3.2K - $4.0K

Rent Est.

$1,011,156  ( +1.56%)   1 YR EST. FORECAST
  
  
  

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13 Ridgewood Rd PROPERTY INFO

FACTS
  • Built In 1959
  • Price/Sqft : $298.99
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,330 sqft
  • Baths : 2 Full 1 Half

13 Ridgewood Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
RADNOR ELEMENTARY SCHOOL Primary Regular 558 37 10
RADNOR MIDDLE SCHOOL Middle Regular 864 72 10
RADNOR HIGH SCHOOL High Regular 1,173 91 10

RADNOR ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 558
  • # of teachers: 37
10
GreatSchools Rating

RADNOR MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 864
  • # of teachers: 72
10
GreatSchools Rating

RADNOR HIGH SCHOOL

  • Education Level: High
  • # of students: 1,173
  • # of teachers: 91
10
GreatSchools Rating
 

Financial Details

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Neighborhood

WAYNE

  • 31,882

    POPULATION
  • 12,004

    HOUSEHOLDS
  • 90.8%

    WHITE COLLAR

Neighborhood : WAYNE

HOUSEHOLDS
12,004
POPULATION

31,882

24.9%Renters
75.1%Home Owners
LABOR FORCE

 

90.8%White Collar
9.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,597 per month.

MY RENT : $3,597 MEDIAN RENT : $2,783

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 5.1%
>=$1,500 94.9%
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 $3,597 would therefore be considered affordable for annual household incomes greater than $143,880 (12 months x 3.333 x $3,597).

Rent % Affordability
Above $500 93.4%
Above $700 89.8%
Above $1,100 83.1%
Above $1,500 74.8%
Above $1,900 67.8%
HOUSEHOLD INCOME RANGE

Approximately 3,032 of households in this neighborhood have a total annual income of $143,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,597 per month.

MINIMUM INCOME RANGE : $143,880

Income % Distribution
<$20K 6.6%
$20K-$35K 5.9%
$35K-$60K 12.6%
$60K-$100K 15.3%
>=$100K 59.5%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 12.6%
10-14 mins 14.6%
15-19 mins 15.5%
20-29 mins 17.4%
30-44 mins 15.6%
45-59 mins 11.9%
>60 mins 9.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,597 per month.

MY RENT : $3,597 MEDIAN RENT : $2,783

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 5.1%
>=$1,500 94.9%
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 $3,597 would therefore be considered affordable for annual household incomes greater than $143,880 (12 months x 3.333 x $3,597).

Rent % Affordability
Above $500 93.4%
Above $700 89.8%
Above $1,100 83.1%
Above $1,500 74.8%
Above $1,900 67.8%
HOUSEHOLD INCOME RANGE

Approximately 3,032 of households in this neighborhood have a total annual income of $143,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,597 per month.

MINIMUM INCOME RANGE : $143,880

Income % Distribution
<$20K 6.6%
$20K-$35K 5.9%
$35K-$60K 12.6%
$60K-$100K 15.3%
>=$100K 59.5%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 12.6%
10-14 mins 14.6%
15-19 mins 15.5%
20-29 mins 17.4%
30-44 mins 15.6%
45-59 mins 11.9%
>60 mins 9.2%

WAYNE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.1%
Educational Services 13.2%
Financial Industries 13.2%
Health Care & Social Assistance 13.4%
Professional & Scientific Tech Services 16.1%
Retail & Wholesale Trader 10.7%
Other 26.4%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 35% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 18.2%
15-19 9.5%
20-24 7.0%
25-44 19.9%
45-65 30.2%
66+ 15.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 15.7%
Construction 5.6%
Healthcare 7.3%
Legal 4.8%
Management, Business, & Financial 36.8%
Sales & Office 18.2%
Other 11.7%
HIGHEST EDUCATION LEVEL

41% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 4.8%
High School 8.9%
Masters Degree 25.3%
Professional 7.6%
Some College 9.5%
Other 43.9%

13 Ridgewood Rd Comps

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13 Ridgewood Rd, Radnor, PA 19087 is a single family home of 3,330 sqft. HomeUnion INVESTimateĀ® for 13 Ridgewood Rd includes a Price Estimate of $995,624 and a Rent Estimate of $3,597. This single family home has 3 bedrooms,3 bathrooms, and was built in 1959. This property has an estimated 15 year annualized Yield of 4.34% and Total Return of 5.74%. The estimated 1 year forecast in home value for 13 Ridgewood Rd is 1.56%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , DELAWARE County , or the 19087 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 19428
  2. 19406
  3. 19085
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  5. 19348
  6. 18964