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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.

15 Lawrence Rd Audubon, PA 19403

5 Beds 3 Baths 2,541 sqft Built 1962
Last updated:  Oct 23, 2019

INVESTimate

$435,256

$411K - $460K

Price Est.

$2,095

$1.9K - $2.3K

Rent Est.

$443,308  ( +1.85%)   1 YR EST. FORECAST

15 Lawrence Rd PROPERTY INFO

FACTS
  • Built In 1962
  • Price/Sqft : $171.29
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,541 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
15 Lawrence Rd, Audubon, PA 19403 is a single family home of 2,541 sqft. HomeUnion estimate for 15 Lawrence Rd includes a Price Estimate of $435,256 and a Rent Estimate of $2,095. This single family home has 5 bedrooms, 3 bathrooms, and was built in 1962. This property has an estimated 15 year annualized Yield of 5.78% and Total Return of 11.21%. The estimated 1 year forecast in home value for 15 Lawrence Rd is 1.85%.
  
  
  

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15 Lawrence Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
METHACTON HIGH SCHOOL High Regular 1,757 124 8

METHACTON HIGH SCHOOL

  • Education Level: High
  • # of students: 1,757
  • # of teachers: 124
8
GreatSchools Rating
 

Financial Details

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Neighborhood

NORRISTOWN

  • 45,771

    POPULATION
  • 17,797

    HOUSEHOLDS
  • 75.6%

    WHITE COLLAR

Neighborhood : NORRISTOWN

HOUSEHOLDS
17,797
POPULATION

45,771

26.8%Renters
73.2%Home Owners
LABOR FORCE

 

75.6%White Collar
24.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,095 per month.

MY RENT : $2,095 MEDIAN RENT : $1,785

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 23.9%
>=$1,500 76.1%
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 $2,095 would therefore be considered affordable for annual household incomes greater than $83,800 (12 months x 3.333 x $2,095).

Rent % Affordability
Above $500 92.6%
Above $700 87.9%
Above $1,100 76.1%
Above $1,500 64.9%
Above $1,900 53.1%
HOUSEHOLD INCOME RANGE

Approximately 7,776 of households in this neighborhood have a total annual income of $83,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,095 per month.

MINIMUM INCOME RANGE : $83,800

Income % Distribution
<$20K 7.4%
$20K-$35K 9.2%
$35K-$60K 18.4%
$60K-$100K 25.4%
>=$100K 39.6%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 7.7%
10-14 mins 12.3%
15-19 mins 16.0%
20-29 mins 22.7%
30-44 mins 22.7%
45-59 mins 9.4%
>60 mins 6.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,095 per month.

MY RENT : $2,095 MEDIAN RENT : $1,785

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 23.9%
>=$1,500 76.1%
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 $2,095 would therefore be considered affordable for annual household incomes greater than $83,800 (12 months x 3.333 x $2,095).

Rent % Affordability
Above $500 92.6%
Above $700 87.9%
Above $1,100 76.1%
Above $1,500 64.9%
Above $1,900 53.1%
HOUSEHOLD INCOME RANGE

Approximately 7,776 of households in this neighborhood have a total annual income of $83,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,095 per month.

MINIMUM INCOME RANGE : $83,800

Income % Distribution
<$20K 7.4%
$20K-$35K 9.2%
$35K-$60K 18.4%
$60K-$100K 25.4%
>=$100K 39.6%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 7.7%
10-14 mins 12.3%
15-19 mins 16.0%
20-29 mins 22.7%
30-44 mins 22.7%
45-59 mins 9.4%
>60 mins 6.8%

NORRISTOWN Demographics

INDUSTRY

Industry % Distribution
Educational Services 9.1%
Financial Industries 6.8%
Health Care & Social Assistance 13.6%
Manufacturing 11.2%
Professional & Scientific Tech Services 13.1%
Retail & Wholesale Trader 13.0%
Other 33.2%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 26% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 15.4%
15-19 4.7%
20-24 5.5%
25-44 28.2%
45-65 28.5%
66+ 17.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 13.7%
Healthcare 7.0%
Management, Business, & Financial 24.1%
Natural Resources Maintenance 6.4%
Production & Transportation 9.3%
Sales & Office 22.2%
Other 17.3%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 5.8%
High School 27.1%
Masters Degree 15.4%
Some College 16.2%
Some High School 5.7%
Other 29.7%

15 Lawrence Rd Comps

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