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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.

148 Laurel Crest Rd Westfield, PA 16950

3 Beds 1 Baths 1,496 sqft Built 1991
Last updated:  Nov 28, 2019

INVESTimate

$143,454

$123K - $163K

Price Est.

$1,018

857 - $1.2K

Rent Est.

$145,792  ( +1.63%)   1 YR EST. FORECAST

148 Laurel Crest Rd PROPERTY INFO

FACTS
  • Built In 1991
  • Price/Sqft : $95.89
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,496 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
148 Laurel Crest Rd, Westfield, PA 16950 is a single family home of 1,496 sqft. HomeUnion estimate for 148 Laurel Crest Rd includes a Price Estimate of $143,454 and a Rent Estimate of $1,018. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1991. This property has an estimated 15 year annualized Yield of 8.52% and Total Return of 13.55%. The estimated 1 year forecast in home value for 148 Laurel Crest Rd is 1.63%.
  
  
  

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148 Laurel Crest Rd SCHOOLS

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Financial Details

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Neighborhood

WESTFIELD

  • 3,423

    POPULATION
  • 1,336

    HOUSEHOLDS
  • 46.4%

    WHITE COLLAR

Neighborhood : WESTFIELD

HOUSEHOLDS
1,336
POPULATION

3,423

25.0%Renters
75.0%Home Owners
LABOR FORCE

 

46.4%White Collar
53.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,018 per month.

MY RENT : $1,018 MEDIAN RENT : $914

Rent % Distribution LEVEL
$500-699 1.0%
$700-899 44.9%
$900-999 24.7%
$1,000-1,499 27.4%
>=$1,500 2.0%
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 $1,018 would therefore be considered affordable for annual household incomes greater than $40,720 (12 months x 3.333 x $1,018).

Rent % Affordability
Above $500 75.2%
Above $700 64.8%
Above $1,100 44.8%
Above $1,500 28.7%
Above $1,900 18.5%
HOUSEHOLD INCOME RANGE

Approximately 501 of households in this neighborhood have a total annual income of $40,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,018 per month.

MINIMUM INCOME RANGE : $40,720

Income % Distribution
<$20K 24.8%
$20K-$35K 18.8%
$35K-$60K 27.8%
$60K-$100K 20.0%
>=$100K 8.7%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 10.5%
5-9 mins 17.8%
10-14 mins 9.7%
15-19 mins 7.6%
20-29 mins 10.2%
30-44 mins 18.1%
45-59 mins 13.1%
>60 mins 12.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,018 per month.

MY RENT : $1,018 MEDIAN RENT : $914

Rent % Distribution
$500-699 1.0%
$700-899 44.9%
$900-999 24.7%
$1,000-1,499 27.4%
>=$1,500 2.0%
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 $1,018 would therefore be considered affordable for annual household incomes greater than $40,720 (12 months x 3.333 x $1,018).

Rent % Affordability
Above $500 75.2%
Above $700 64.8%
Above $1,100 44.8%
Above $1,500 28.7%
Above $1,900 18.5%
HOUSEHOLD INCOME RANGE

Approximately 501 of households in this neighborhood have a total annual income of $40,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,018 per month.

MINIMUM INCOME RANGE : $40,720

Income % Distribution
<$20K 24.8%
$20K-$35K 18.8%
$35K-$60K 27.8%
$60K-$100K 20.0%
>=$100K 8.7%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 10.5%
5-9 mins 17.8%
10-14 mins 9.7%
15-19 mins 7.6%
20-29 mins 10.2%
30-44 mins 18.1%
45-59 mins 13.1%
>60 mins 12.9%

WESTFIELD Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.4%
Educational Services 7.0%
Health Care & Social Assistance 15.7%
Manufacturing 23.5%
Retail & Wholesale Trader 9.3%
Transportation 6.5%
Other 31.6%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 24% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 14.7%
15-19 6.1%
20-24 3.0%
25-44 21.9%
45-65 31.5%
66+ 22.8%
OCCUPATION

Occupation % Distribution
Construction 5.3%
Healthcare 6.6%
Management, Business, & Financial 9.1%
Natural Resources Maintenance 14.0%
Production & Transportation 28.7%
Sales & Office 17.6%
Other 18.7%
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 51.7%
Masters Degree 3.7%
Some College 13.7%
Some High School 17.0%
Other 6.9%

148 Laurel Crest Rd Comps

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