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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

1826 Hoffmansville Rd Frederick, PA 19435

1 Beds 1 Baths 632 sqft Built 1940
Last updated:  Oct 23, 2019

INVESTimate

$133,507

$126K - $141K

Price Est.

$948

867 - $1.0K

Rent Est.

$136,137  ( +1.97%)   1 YR EST. FORECAST
  
  
  

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1826 Hoffmansville Rd PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $211.25
CONSTRUCTION
  • Beds : 1
  • Floor Size : 632 sqft
  • Baths : 1 Full

1826 Hoffmansville Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BOYERTOWN AREA SENIOR HIGH SCHOOL High Regular 1,733 107 7

BOYERTOWN AREA SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 1,733
  • # of teachers: 107
7
GreatSchools Rating
 

Financial Details

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Neighborhood

FREDERICK

  • 159

    POPULATION
  • 62

    HOUSEHOLDS
  • 72.3%

    WHITE COLLAR

Neighborhood : FREDERICK

HOUSEHOLDS
62
POPULATION

159

12.9%Renters
87.1%Home Owners
LABOR FORCE

 

72.3%White Collar
27.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $948 per month.

MY RENT : $948 MEDIAN RENT : $1,478

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 1.4%
$1,000-1,499 55.6%
>=$1,500 43.1%
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 $948 would therefore be considered affordable for annual household incomes greater than $37,920 (12 months x 3.333 x $948).

Rent % Affordability
Above $500 93.3%
Above $700 88.7%
Above $1,100 82.0%
Above $1,500 73.3%
Above $1,900 59.0%
HOUSEHOLD INCOME RANGE

Approximately 47 of households in this neighborhood have a total annual income of $37,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $948 per month.

MINIMUM INCOME RANGE : $37,920

Income % Distribution
<$20K 6.7%
$20K-$35K 8.3%
$35K-$60K 11.7%
$60K-$100K 38.3%
>=$100K 35.0%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.6%
5-9 mins 5.3%
10-14 mins 9.2%
15-19 mins 15.8%
20-29 mins 14.5%
30-44 mins 22.4%
45-59 mins 14.5%
>60 mins 15.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $948 per month.

MY RENT : $948 MEDIAN RENT : $1,478

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 1.4%
$1,000-1,499 55.6%
>=$1,500 43.1%
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 $948 would therefore be considered affordable for annual household incomes greater than $37,920 (12 months x 3.333 x $948).

Rent % Affordability
Above $500 93.3%
Above $700 88.7%
Above $1,100 82.0%
Above $1,500 73.3%
Above $1,900 59.0%
HOUSEHOLD INCOME RANGE

Approximately 47 of households in this neighborhood have a total annual income of $37,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $948 per month.

MINIMUM INCOME RANGE : $37,920

Income % Distribution
<$20K 6.7%
$20K-$35K 8.3%
$35K-$60K 11.7%
$60K-$100K 38.3%
>=$100K 35.0%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.6%
5-9 mins 5.3%
10-14 mins 9.2%
15-19 mins 15.8%
20-29 mins 14.5%
30-44 mins 22.4%
45-59 mins 14.5%
>60 mins 15.8%

FREDERICK Demographics

INDUSTRY

Industry % Distribution
Construction 12.9%
Educational Services 10.6%
Financial Industries 9.4%
Health Care & Social Assistance 23.5%
Manufacturing 15.3%
Professional & Scientific Tech Services 7.1%
Other 21.2%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 25% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 13.2%
15-19 6.9%
20-24 5.0%
25-44 15.7%
45-65 36.5%
66+ 22.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 10.9%
Construction 10.9%
Management, Business, & Financial 16.4%
Natural Resources Maintenance 14.5%
Production & Transportation 10.9%
Sales & Office 18.2%
Other 18.2%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.2%
High School 31.9%
Masters Degree 14.7%
Some College 15.5%
Some High School 9.5%
Other 23.3%

1826 Hoffmansville Rd Comps

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1826 Hoffmansville Rd, Frederick, PA 19435 is a single family home of 632 sqft. HomeUnion INVESTimateĀ® for 1826 Hoffmansville Rd includes a Price Estimate of $133,507 and a Rent Estimate of $948. This single family home has 1 bedrooms,1 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 8.52% and Total Return of 16.89%. The estimated 1 year forecast in home value for 1826 Hoffmansville Rd is 1.97%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , MONTGOMERY County , or the 19435 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By List Price within 2 miles

  1. 1845 Hoffmansville Rd
  2. 1803 Hoffmansville Rd
  3. 1936 Hoffmansville Rd

Nearest zipcodes within 2 miles

  1. 19504
  2. 18074
  3. 19525
  4. 19422
  5. 19505