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This page contains information about each property aggregated from public data sources, 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.

2261 Gap Rd Allenwood, PA 17810

3 Beds 2 Baths 1,859 sqft Built 1998
Last updated:  Jan 23, 2020

INVESTimate

$199,734

$187K - $213K

Price Est.

$1,230

$1.1K - $1.3K

Rent Est.

$212,437  ( +6.36%)   1 YR EST. FORECAST

2261 Gap Rd PROPERTY INFO

FACTS
  • Built In 1998
  • Price/Sqft : $107.44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,859 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
2261 Gap Rd, Allenwood, PA 17810 is a single family home of 1,859 sqft. HomeUnion estimate for 2261 Gap Rd includes a Price Estimate of $199,734 and a Rent Estimate of $1,230. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1998. This property has an estimated 15 year annualized Yield of 7.39% and Total Return of 20.37%. The estimated 1 year forecast in home value for 2261 Gap Rd is 6.36%.
  
  
  

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2261 Gap Rd SCHOOLS

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Financial Details

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Neighborhood

ALLENWOOD

  • 5,987

    POPULATION
  • 813

    HOUSEHOLDS
  • 43.7%

    WHITE COLLAR

Neighborhood : ALLENWOOD

HOUSEHOLDS
813
POPULATION

5,987

21.7%Renters
78.3%Home Owners
LABOR FORCE

 

43.7%White Collar
56.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 32% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,230 per month.

MY RENT : $1,230 MEDIAN RENT : $1,027

Rent % Distribution LEVEL
$500-699 5.4%
$700-899 25.8%
$900-999 10.8%
$1,000-1,499 56.9%
>=$1,500 1.1%
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 $1,230 would therefore be considered affordable for annual household incomes greater than $49,200 (12 months x 3.333 x $1,230).

Rent % Affordability
Above $500 86.9%
Above $700 75.9%
Above $1,100 58.6%
Above $1,500 44.9%
Above $1,900 30.7%
HOUSEHOLD INCOME RANGE

Approximately 399 of households in this neighborhood have a total annual income of $49,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,230 per month.

MINIMUM INCOME RANGE : $49,200

Income % Distribution
<$20K 13.1%
$20K-$35K 19.3%
$35K-$60K 22.7%
$60K-$100K 26.0%
>=$100K 18.9%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 7.4%
10-14 mins 11.9%
15-19 mins 18.7%
20-29 mins 30.2%
30-44 mins 17.9%
45-59 mins 5.9%
>60 mins 5.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 32% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,230 per month.

MY RENT : $1,230 MEDIAN RENT : $1,027

Rent % Distribution
$500-699 5.4%
$700-899 25.8%
$900-999 10.8%
$1,000-1,499 56.9%
>=$1,500 1.1%
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 $1,230 would therefore be considered affordable for annual household incomes greater than $49,200 (12 months x 3.333 x $1,230).

Rent % Affordability
Above $500 86.9%
Above $700 75.9%
Above $1,100 58.6%
Above $1,500 44.9%
Above $1,900 30.7%
HOUSEHOLD INCOME RANGE

Approximately 399 of households in this neighborhood have a total annual income of $49,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,230 per month.

MINIMUM INCOME RANGE : $49,200

Income % Distribution
<$20K 13.1%
$20K-$35K 19.3%
$35K-$60K 22.7%
$60K-$100K 26.0%
>=$100K 18.9%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 7.4%
10-14 mins 11.9%
15-19 mins 18.7%
20-29 mins 30.2%
30-44 mins 17.9%
45-59 mins 5.9%
>60 mins 5.0%

ALLENWOOD Demographics

INDUSTRY

Industry % Distribution
Construction 9.1%
Health Care & Social Assistance 18.1%
Manufacturing 13.8%
Public Administration 6.1%
Retail & Wholesale Trader 15.1%
Transportation 9.3%
Other 28.6%
AGE DISTRIBUTION

77% of the population is between the ages of 25 and 64, 15% is 24 or younger and 7% is 65 or older.

Age % Distribution
<15 8.4%
15-19 2.2%
20-24 4.8%
25-44 48.2%
45-65 29.1%
66+ 7.2%
OCCUPATION

Occupation % Distribution
Healthcare 8.4%
Management, Business, & Financial 13.7%
Natural Resources Maintenance 14.9%
Production & Transportation 25.2%
Protect 6.9%
Sales & Office 20.1%
Other 10.8%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.1%
High School 48.4%
Masters Degree 2.7%
Some College 24.1%
Some High School 13.0%
Other 5.8%

2261 Gap Rd Comps

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