1. < State Route 168

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This page contains information about each property aggregated from public data sources, 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.

State Route 168 New Galilee, PA 16141

3 Beds 2 Baths 1,448 sqft Built 1989
Last updated:  Jan 23, 2020

INVESTimate

$72,592

$68.8K - $76.4K

Price Est.

$1,456

$1.3K - $1.6K

Rent Est.

$30,737

Investment Est.

$75,162  ( +3.54%)   1 YR EST. FORECAST

State Route 168 PROPERTY INFO

FACTS
  • Built In 1989
  • Price/Sqft : $50.13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,448 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
State Route 168, New Galilee, PA 16141 is a single family home of 1,448 sqft. HomeUnion estimate for State Route 168 includes a Price Estimate of $72,592 and a Rent Estimate of $1,456. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1989. This property has an estimated 15 year annualized Yield of 24.07% and Total Return of 40.77%. The estimated 1 year forecast in home value for State Route 168 is 3.54%.

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State Route 168 SCHOOLS

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Financial Details

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Neighborhood

NEW GALILEE

  • 1,677

    POPULATION

  • 698

    HOUSEHOLDS

  • 51.8%

    WHITE COLLAR

Neighborhood : NEW GALILEE

HOUSEHOLDS
698
POPULATION

1,677

14.1%Renters
85.9%Home Owners
LABOR FORCE

 

51.8%White Collar
48.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 15% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,456 per month.

MY RENT : $1,456 MEDIAN RENT : $1,056

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 7.8%
$900-999 24.5%
$1,000-1,499 57.5%
>=$1,500 10.2%
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 $1,456 would therefore be considered affordable for annual household incomes greater than $58,240 (12 months x 3.333 x $1,456).

Rent % Affordability
Above $500 85.1%
Above $700 73.6%
Above $1,100 55.1%
Above $1,500 42.2%
Above $1,900 29.1%
HOUSEHOLD INCOME RANGE

Approximately 300 of households in this neighborhood have a total annual income of $58,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,456 per month.

MINIMUM INCOME RANGE : $58,240

Income % Distribution
<$20K 14.9%
$20K-$35K 19.7%
$35K-$60K 23.2%
$60K-$100K 25.3%
>=$100K 16.9%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 7.7%
10-14 mins 10.5%
15-19 mins 15.6%
20-29 mins 22.8%
30-44 mins 23.5%
45-59 mins 10.7%
>60 mins 8.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 15% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,456 per month.

MY RENT : $1,456 MEDIAN RENT : $1,056

Rent % Distribution
$500-699 0.0%
$700-899 7.8%
$900-999 24.5%
$1,000-1,499 57.5%
>=$1,500 10.2%
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 $1,456 would therefore be considered affordable for annual household incomes greater than $58,240 (12 months x 3.333 x $1,456).

Rent % Affordability
Above $500 85.1%
Above $700 73.6%
Above $1,100 55.1%
Above $1,500 42.2%
Above $1,900 29.1%
HOUSEHOLD INCOME RANGE

Approximately 300 of households in this neighborhood have a total annual income of $58,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,456 per month.

MINIMUM INCOME RANGE : $58,240

Income % Distribution
<$20K 14.9%
$20K-$35K 19.7%
$35K-$60K 23.2%
$60K-$100K 25.3%
>=$100K 16.9%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 7.7%
10-14 mins 10.5%
15-19 mins 15.6%
20-29 mins 22.8%
30-44 mins 23.5%
45-59 mins 10.7%
>60 mins 8.1%
NEW GALILEE Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 9.8%
Construction 8.9%
Health Care & Social Assistance 16.7%
Manufacturing 14.3%
Retail & Wholesale Trader 10.8%
Transportation 7.8%
Other 31.7%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 4.6%
Healthcare 10.9%
Management, Business, & Financial 15.5%
Natural Resources Maintenance 17.1%
Production & Transportation 17.7%
Sales & Office 17.9%
Other 16.4%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 15.1%
15-19 4.8%
20-24 7.3%
25-44 18.9%
45-65 33.1%
66+ 20.8%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 8.5%
High School 47.6%
Masters Degree 5.1%
Some College 15.0%
Some High School 10.9%
Other 12.9%

NEW GALILEE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.8%
Construction 8.9%
Health Care & Social Assistance 16.7%
Manufacturing 14.3%
Retail & Wholesale Trader 10.8%
Transportation 7.8%
Other 31.7%
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 15.1%
15-19 4.8%
20-24 7.3%
25-44 18.9%
45-65 33.1%
66+ 20.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.6%
Healthcare 10.9%
Management, Business, & Financial 15.5%
Natural Resources Maintenance 17.1%
Production & Transportation 17.7%
Sales & Office 17.9%
Other 16.4%
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 8.5%
High School 47.6%
Masters Degree 5.1%
Some College 15.0%
Some High School 10.9%
Other 12.9%

State Route 168 Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , LAWRENCE County , or the 16141 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

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