INVESTimate
$57,269
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217 Lincoln Ave PROPERTY INFO
FACTS
- Built In 1958
- Price/Sqft : $165.75
CONSTRUCTION
- Beds : 3
- Floor Size : 1,042 sqft
- Baths : 1 Full 1 Half
217 Lincoln Ave SCHOOLS
Financial Details
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PITTSBURGH
Neighborhood : PITTSBURGH
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,352 per month.
MY RENT : $1,352 MEDIAN RENT : $1,702
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 $1,352 would therefore be considered affordable for annual household incomes greater than $54,080 (12 months x 3.333 x $1,352).
HOUSEHOLD INCOME RANGE
Approximately 11,769 of households in this neighborhood have a total annual income of $54,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,352 per month.
MINIMUM INCOME RANGE : $54,080
COMMUTE TIME DISTRIBUTION
72% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
PITTSBURGH Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Educational Services | 11.2% |
Financial Industries | 10.5% |
Health Care & Social Assistance | 17.2% |
Manufacturing | 8.2% |
Professional & Scientific Tech Services | 12.5% |
Retail & Wholesale Trader | 12.6% |
Other | 27.7% |
AGE DISTRIBUTION
54% of the population is between the ages of 25 and 64, 25% is 24 or younger and 21% is 65 or older.
Age | % Distribution |
---|---|
<15 | 16.9% |
15-19 | 4.6% |
20-24 | 3.4% |
25-44 | 26.4% |
45-65 | 27.7% |
66+ | 21.0% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 11.4% |
Construction | 6.3% |
Healthcare | 11.1% |
Management, Business, & Financial | 26.3% |
Production & Transportation | 5.0% |
Sales & Office | 22.3% |
Other | 17.5% |
HIGHEST EDUCATION LEVEL
31% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 7.9% |
High School | 19.5% |
Masters Degree | 16.8% |
Professional | 4.4% |
Some College | 14.5% |
Other | 36.9% |
217 Lincoln Ave Comps
217 Lincoln Ave, Mcknight, PA 15237 is a single family home of 1,042 sqft. HomeUnion INVESTimateĀ® for 217 Lincoln Ave includes a Price Estimate of $172,713 and a Rent Estimate of $1,352. This single family home has 3 bedrooms,2 bathrooms, and was built in 1958. This property has an estimated 15 year annualized Yield of 9.39% and Total Return of 19.55%. The estimated 1 year forecast in home value for 217 Lincoln Ave is 4.55%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , ALLEGHENY County , or the 15237 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2