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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

223 N Vanessa Dr Pleasant Gap, PA 16823

3 Beds 1 Baths 1,014 sqft Built 1990
Last updated:  Jan 23, 2020

INVESTimate

$208,311

$201K - $215K

Price Est.

$1,232

$1.1K - $1.4K

Rent Est.

$211,706  ( +1.63%)   1 YR EST. FORECAST
  
  
  

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223 N Vanessa Dr PROPERTY INFO

FACTS
  • Built In 1990
  • Price/Sqft : $205.43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,014 sqft
  • Baths : 1 Full

223 N Vanessa Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BELLEFONTE AREA HIGH SCHOOL High Regular 923 62 6

BELLEFONTE AREA HIGH SCHOOL

  • Education Level: High
  • # of students: 923
  • # of teachers: 62
6
GreatSchools Rating
 

Financial Details

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Neighborhood

BELLEFONTE

  • 29,646

    POPULATION
  • 10,821

    HOUSEHOLDS
  • 62.0%

    WHITE COLLAR

Neighborhood : BELLEFONTE

HOUSEHOLDS
10,821
POPULATION

29,646

25.6%Renters
74.4%Home Owners
LABOR FORCE

 

62.0%White Collar
38.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,232 per month.

MY RENT : $1,232 MEDIAN RENT : $1,278

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.7%
$900-999 6.6%
$1,000-1,499 61.4%
>=$1,500 30.3%
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 $1,232 would therefore be considered affordable for annual household incomes greater than $49,280 (12 months x 3.333 x $1,232).

Rent % Affordability
Above $500 89.2%
Above $700 80.8%
Above $1,100 63.6%
Above $1,500 48.7%
Above $1,900 35.3%
HOUSEHOLD INCOME RANGE

Approximately 5,744 of households in this neighborhood have a total annual income of $49,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,232 per month.

MINIMUM INCOME RANGE : $49,280

Income % Distribution
<$20K 10.8%
$20K-$35K 15.9%
$35K-$60K 24.5%
$60K-$100K 29.2%
>=$100K 19.5%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.3%
5-9 mins 10.9%
10-14 mins 13.3%
15-19 mins 21.7%
20-29 mins 31.6%
30-44 mins 13.1%
45-59 mins 2.9%
>60 mins 3.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,232 per month.

MY RENT : $1,232 MEDIAN RENT : $1,278

Rent % Distribution
$500-699 0.0%
$700-899 1.7%
$900-999 6.6%
$1,000-1,499 61.4%
>=$1,500 30.3%
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 $1,232 would therefore be considered affordable for annual household incomes greater than $49,280 (12 months x 3.333 x $1,232).

Rent % Affordability
Above $500 89.2%
Above $700 80.8%
Above $1,100 63.6%
Above $1,500 48.7%
Above $1,900 35.3%
HOUSEHOLD INCOME RANGE

Approximately 5,744 of households in this neighborhood have a total annual income of $49,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,232 per month.

MINIMUM INCOME RANGE : $49,280

Income % Distribution
<$20K 10.8%
$20K-$35K 15.9%
$35K-$60K 24.5%
$60K-$100K 29.2%
>=$100K 19.5%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.3%
5-9 mins 10.9%
10-14 mins 13.3%
15-19 mins 21.7%
20-29 mins 31.6%
30-44 mins 13.1%
45-59 mins 2.9%
>60 mins 3.2%

BELLEFONTE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.7%
Educational Services 20.6%
Health Care & Social Assistance 12.9%
Manufacturing 9.3%
Public Administration 6.0%
Retail & Wholesale Trader 12.4%
Other 30.1%
AGE DISTRIBUTION

62% of the population is between the ages of 25 and 64, 23% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 15.2%
15-19 2.7%
20-24 5.0%
25-44 32.3%
45-65 29.5%
66+ 15.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.9%
Healthcare 7.2%
Management, Business, & Financial 18.2%
Natural Resources Maintenance 9.7%
Production & Transportation 12.9%
Sales & Office 21.9%
Other 23.2%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.9%
High School 42.1%
Masters Degree 5.9%
Some College 14.3%
Some High School 8.6%
Other 20.3%

223 N Vanessa Dr Comps

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223 N Vanessa Dr, Pleasant Gap, PA 16823 is a single family home of 1,014 sqft. HomeUnion INVESTimateĀ® for 223 N Vanessa Dr includes a Price Estimate of $208,311 and a Rent Estimate of $1,232. This single family home has 3 bedrooms,1 bathrooms, and was built in 1990. This property has an estimated 15 year annualized Yield of 7.10% and Total Return of 9.26%. The estimated 1 year forecast in home value for 223 N Vanessa Dr is 1.63%.

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