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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

23 Parklane Dr Pittsburgh, PA 15208

3 Beds 3 Baths 1,676 sqft Built 1989
Last updated:  Oct 23, 2019

INVESTimate

$42,394

$39.5K - $45.3K

Price Est.

$1,324

$1.2K - $1.4K

Rent Est.

$43,797  ( +3.31%)   1 YR EST. FORECAST
  
  
  

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23 Parklane Dr PROPERTY INFO

FACTS
  • Built In 1989
  • Price/Sqft : $25.29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,676 sqft
  • Baths : 1 Full 2 Half

23 Parklane Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MINADEO K-5 SCHOOL Primary Regular 550 34 3
STERRETT MIDDLE SCHOOL Middle Magnet 399 26 4
ALLDERDICE HIGH SCHOOL High Magnet 1,352 100 5

MINADEO K-5 SCHOOL

  • Education Level: Primary
  • # of students: 550
  • # of teachers: 34
3
GreatSchools Rating

STERRETT MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 399
  • # of teachers: 26
4
GreatSchools Rating

ALLDERDICE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,352
  • # of teachers: 100
5
GreatSchools Rating
 

Financial Details

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Neighborhood

Homewood West

  • 1,537

    POPULATION
  • 758

    HOUSEHOLDS
  • 27.9%

    WHITE COLLAR

Neighborhood : Homewood West

HOUSEHOLDS
758
POPULATION

1,537

60.1%Renters
39.9%Home Owners
LABOR FORCE

 

27.9%White Collar
72.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,324 per month.

MY RENT : $1,324 MEDIAN RENT : $1,049

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 21.2%
$900-999 22.7%
$1,000-1,499 35.8%
>=$1,500 20.2%
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 $1,324 would therefore be considered affordable for annual household incomes greater than $52,960 (12 months x 3.333 x $1,324).

Rent % Affordability
Above $500 39.4%
Above $700 30.6%
Above $1,100 14.0%
Above $1,500 9.4%
Above $1,900 4.6%
HOUSEHOLD INCOME RANGE

Approximately 80 of households in this neighborhood have a total annual income of $52,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,324 per month.

MINIMUM INCOME RANGE : $52,960

Income % Distribution
<$20K 60.6%
$20K-$35K 19.6%
$35K-$60K 10.3%
$60K-$100K 9.3%
>=$100K 0.1%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.9%
5-9 mins 1.2%
10-14 mins 26.4%
15-19 mins 10.4%
20-29 mins 25.0%
30-44 mins 29.5%
45-59 mins 0.7%
>60 mins 0.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,324 per month.

MY RENT : $1,324 MEDIAN RENT : $1,049

Rent % Distribution
$500-699 0.0%
$700-899 21.2%
$900-999 22.7%
$1,000-1,499 35.8%
>=$1,500 20.2%
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 $1,324 would therefore be considered affordable for annual household incomes greater than $52,960 (12 months x 3.333 x $1,324).

Rent % Affordability
Above $500 39.4%
Above $700 30.6%
Above $1,100 14.0%
Above $1,500 9.4%
Above $1,900 4.6%
HOUSEHOLD INCOME RANGE

Approximately 80 of households in this neighborhood have a total annual income of $52,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,324 per month.

MINIMUM INCOME RANGE : $52,960

Income % Distribution
<$20K 60.6%
$20K-$35K 19.6%
$35K-$60K 10.3%
$60K-$100K 9.3%
>=$100K 0.1%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.9%
5-9 mins 1.2%
10-14 mins 26.4%
15-19 mins 10.4%
20-29 mins 25.0%
30-44 mins 29.5%
45-59 mins 0.7%
>60 mins 0.9%

Homewood West Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.0%
Educational Services 7.2%
Financial Industries 11.3%
Health Care & Social Assistance 25.2%
Retail & Wholesale Trader 10.4%
Transportation 17.1%
Other 18.8%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 27% is 24 or younger and 27% is 65 or older.

Age % Distribution
<15 15.7%
15-19 5.8%
20-24 5.4%
25-44 21.6%
45-65 24.1%
66+ 27.5%
OCCUPATION

Occupation % Distribution
Clean 11.2%
Education 6.9%
Healthcare 10.8%
PCare 14.7%
Protect 12.0%
Sales & Office 30.5%
Other 13.9%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 14.6%
High School 41.4%
Masters Degree 3.1%
Some College 16.8%
Some High School 19.0%
Other 5.1%

23 Parklane Dr Comps

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23 Parklane Dr, Pittsburgh, PA 15208 is a single family home of 1,676 sqft. HomeUnion INVESTimateĀ® for 23 Parklane Dr includes a Price Estimate of $42,394 and a Rent Estimate of $1,324. This single family home has 3 bedrooms,3 bathrooms, and was built in 1989. This property has an estimated 15 year annualized Yield of 37.48% and Total Return of 44.46%. The estimated 1 year forecast in home value for 23 Parklane Dr is 3.31%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , ALLEGHENY County , or the 15208 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2