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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

22 Forbes Rd Trafford, PA 15085

2 Beds 2 Baths 2,196 sqft Built 1975
Last updated:  Oct 23, 2019

INVESTimate

$223,430

$208K - $239K

Price Est.

$1,528

$1.4K - $1.7K

Rent Est.

$230,759  ( +3.28%)   1 YR EST. FORECAST
  
  
  

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22 Forbes Rd PROPERTY INFO

FACTS
  • Built In 1975
  • Price/Sqft : $101.74
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,196 sqft
  • Baths : 2 Full

22 Forbes Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GATEWAY SENIOR HIGH SCHOOL High Regular 1,371 100 8

GATEWAY SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 1,371
  • # of teachers: 100
8
GreatSchools Rating
 

Financial Details

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Neighborhood

TRAFFORD

  • 7,599

    POPULATION
  • 3,267

    HOUSEHOLDS
  • 67.4%

    WHITE COLLAR

Neighborhood : TRAFFORD

HOUSEHOLDS
3,267
POPULATION

7,599

20.2%Renters
79.8%Home Owners
LABOR FORCE

 

67.4%White Collar
32.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 0% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,528 per month.

MY RENT : $1,528 MEDIAN RENT : $885

Rent % Distribution LEVEL
$500-699 0.4%
$700-899 56.3%
$900-999 28.3%
$1,000-1,499 14.7%
>=$1,500 0.2%
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 $1,528 would therefore be considered affordable for annual household incomes greater than $61,120 (12 months x 3.333 x $1,528).

Rent % Affordability
Above $500 86.5%
Above $700 79.5%
Above $1,100 65.8%
Above $1,500 52.9%
Above $1,900 39.2%
HOUSEHOLD INCOME RANGE

Approximately 1,204 of households in this neighborhood have a total annual income of $61,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,528 per month.

MINIMUM INCOME RANGE : $61,120

Income % Distribution
<$20K 13.5%
$20K-$35K 12.7%
$35K-$60K 20.9%
$60K-$100K 26.2%
>=$100K 26.7%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.7%
5-9 mins 6.5%
10-14 mins 8.6%
15-19 mins 12.0%
20-29 mins 18.9%
30-44 mins 29.0%
45-59 mins 10.9%
>60 mins 11.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 0% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,528 per month.

MY RENT : $1,528 MEDIAN RENT : $885

Rent % Distribution
$500-699 0.4%
$700-899 56.3%
$900-999 28.3%
$1,000-1,499 14.7%
>=$1,500 0.2%
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 $1,528 would therefore be considered affordable for annual household incomes greater than $61,120 (12 months x 3.333 x $1,528).

Rent % Affordability
Above $500 86.5%
Above $700 79.5%
Above $1,100 65.8%
Above $1,500 52.9%
Above $1,900 39.2%
HOUSEHOLD INCOME RANGE

Approximately 1,204 of households in this neighborhood have a total annual income of $61,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,528 per month.

MINIMUM INCOME RANGE : $61,120

Income % Distribution
<$20K 13.5%
$20K-$35K 12.7%
$35K-$60K 20.9%
$60K-$100K 26.2%
>=$100K 26.7%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.7%
5-9 mins 6.5%
10-14 mins 8.6%
15-19 mins 12.0%
20-29 mins 18.9%
30-44 mins 29.0%
45-59 mins 10.9%
>60 mins 11.5%

TRAFFORD Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 5.3%
Construction 6.7%
Educational Services 10.9%
Health Care & Social Assistance 19.7%
Manufacturing 11.5%
Retail & Wholesale Trader 15.4%
Other 30.4%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 26% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 17.2%
15-19 5.9%
20-24 3.0%
25-44 25.9%
45-65 28.7%
66+ 19.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.0%
Healthcare 7.9%
Management, Business, & Financial 19.9%
Natural Resources Maintenance 10.2%
Production & Transportation 11.7%
Sales & Office 21.7%
Other 19.6%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.2%
High School 36.1%
Masters Degree 10.0%
Some College 15.1%
Some High School 4.2%
Other 23.5%

22 Forbes Rd Comps

Sorry, we do not have sufficient data available.

22 Forbes Rd, Trafford, PA 15085 is a single family home of 2,196 sqft. HomeUnion INVESTimateĀ® for 22 Forbes Rd includes a Price Estimate of $223,430 and a Rent Estimate of $1,528. This single family home has 2 bedrooms,2 bathrooms, and was built in 1975. This property has an estimated 15 year annualized Yield of 8.21% and Total Return of 18.90%. The estimated 1 year forecast in home value for 22 Forbes Rd is 3.28%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , ALLEGHENY County , or the 15085 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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