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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

2228 Scotland Avenue Ext Punxsutawney, PA 15767

0 Beds 0 Baths 1,120 sqft Built 1957
Last updated:  Jan 23, 2020

INVESTimate

$117,590

$111K - $124K

Price Est.

$782

658 - 906

Rent Est.

$120,777  ( +2.71%)   1 YR EST. FORECAST
  
  
  

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2228 Scotland Avenue Ext PROPERTY INFO

FACTS
  • Built In 1957
  • Price/Sqft : $104.99
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,120 sqft
  • Baths : 0 Full

2228 Scotland Avenue Ext SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PUNXSUTAWNEY AREA HIGH SCHOOL Middle Regular 905 71 5
PUNXSUTAWNEY AREA HIGH SCHOOL High Regular 905 71 5

PUNXSUTAWNEY AREA HIGH SCHOOL

  • Education Level: Middle
  • # of students: 905
  • # of teachers: 71
5
GreatSchools Rating

PUNXSUTAWNEY AREA HIGH SCHOOL

  • Education Level: High
  • # of students: 905
  • # of teachers: 71
5
GreatSchools Rating
 

Financial Details

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Neighborhood

PUNXSUTAWNEY

  • 15,365

    POPULATION
  • 6,319

    HOUSEHOLDS
  • 49.4%

    WHITE COLLAR

Neighborhood : PUNXSUTAWNEY

HOUSEHOLDS
6,319
POPULATION

15,365

27.2%Renters
72.8%Home Owners
LABOR FORCE

 

49.4%White Collar
50.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 64% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $782 per month.

MY RENT : $782 MEDIAN RENT : $802

Rent % Distribution LEVEL
$500-699 3.4%
$700-899 78.8%
$900-999 13.2%
$1,000-1,499 4.5%
>=$1,500 0.0%
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 $782 would therefore be considered affordable for annual household incomes greater than $31,280 (12 months x 3.333 x $782).

Rent % Affordability
Above $500 76.9%
Above $700 66.2%
Above $1,100 48.0%
Above $1,500 33.4%
Above $1,900 23.1%
HOUSEHOLD INCOME RANGE

Approximately 14,853 of households in this neighborhood have a total annual income of $31,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $782 per month.

MINIMUM INCOME RANGE : $31,280

Income % Distribution
<$20K 23.1%
$20K-$35K 19.5%
$35K-$60K 24.0%
$60K-$100K 21.1%
>=$100K 12.2%
COMMUTE TIME DISTRIBUTION

39% of the working population has a commute time of 15 to 44 minutes, 44% 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 9.8%
5-9 mins 17.3%
10-14 mins 17.3%
15-19 mins 12.9%
20-29 mins 11.5%
30-44 mins 14.8%
45-59 mins 7.1%
>60 mins 9.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 64% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $782 per month.

MY RENT : $782 MEDIAN RENT : $802

Rent % Distribution
$500-699 3.4%
$700-899 78.8%
$900-999 13.2%
$1,000-1,499 4.5%
>=$1,500 0.0%
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 $782 would therefore be considered affordable for annual household incomes greater than $31,280 (12 months x 3.333 x $782).

Rent % Affordability
Above $500 76.9%
Above $700 66.2%
Above $1,100 48.0%
Above $1,500 33.4%
Above $1,900 23.1%
HOUSEHOLD INCOME RANGE

Approximately 14,853 of households in this neighborhood have a total annual income of $31,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $782 per month.

MINIMUM INCOME RANGE : $31,280

Income % Distribution
<$20K 23.1%
$20K-$35K 19.5%
$35K-$60K 24.0%
$60K-$100K 21.1%
>=$100K 12.2%
COMMUTE TIME DISTRIBUTION

39% of the working population has a commute time of 15 to 44 minutes, 44% 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 9.8%
5-9 mins 17.3%
10-14 mins 17.3%
15-19 mins 12.9%
20-29 mins 11.5%
30-44 mins 14.8%
45-59 mins 7.1%
>60 mins 9.3%

PUNXSUTAWNEY Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 8.9%
Construction 7.7%
Educational Services 7.6%
Health Care & Social Assistance 17.4%
Manufacturing 14.0%
Retail & Wholesale Trader 14.1%
Other 30.3%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 30% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 18.4%
15-19 6.1%
20-24 5.7%
25-44 22.2%
45-65 28.4%
66+ 19.1%
OCCUPATION

Occupation % Distribution
Construction 4.7%
Healthcare 9.6%
Management, Business, & Financial 10.8%
Natural Resources Maintenance 17.4%
Production & Transportation 25.0%
Sales & Office 19.8%
Other 12.8%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.2%
High School 47.9%
Masters Degree 3.7%
Some College 13.1%
Some High School 13.5%
Other 12.6%

2228 Scotland Avenue Ext Comps

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2228 Scotland Avenue Ext, Punxsutawney, PA 15767 is a single family home of 1,120 sqft. HomeUnion INVESTimateĀ® for 2228 Scotland Avenue Ext includes a Price Estimate of $117,590 and a Rent Estimate of $782. This single family home has 0 bedrooms,0 bathrooms, and was built in 1957. This property has an estimated 15 year annualized Yield of 7.98% and Total Return of 8.14%. The estimated 1 year forecast in home value for 2228 Scotland Avenue Ext is 2.71%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , JEFFERSON County , or the 15767 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2