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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

241 Brick Mill Rd Christiana, PA 17509

3 Beds 2 Baths 2,868 sqft Built 1983
Last updated:  Jan 23, 2020

INVESTimate

$377,137

$352K - $402K

Price Est.

$1,384

$1.3K - $1.5K

Rent Est.

$386,754  ( +2.55%)   1 YR EST. FORECAST
  
  
  

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241 Brick Mill Rd PROPERTY INFO

FACTS
  • Built In 1983
  • Price/Sqft : $131.50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,868 sqft
  • Baths : 1 Full 1 Half

241 Brick Mill Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
OCTORARA INTERMEDIATE SCHOOL Primary Regular 401 24 5
OCTORARA AREA HIGH SCHOOL Middle Regular 1,247 66 5
OCTORARA AREA HIGH SCHOOL High Regular 1,247 66 5

OCTORARA INTERMEDIATE SCHOOL

  • Education Level: Primary
  • # of students: 401
  • # of teachers: 24
5
GreatSchools Rating

OCTORARA AREA HIGH SCHOOL

  • Education Level: Middle
  • # of students: 1,247
  • # of teachers: 66
5
GreatSchools Rating

OCTORARA AREA HIGH SCHOOL

  • Education Level: High
  • # of students: 1,247
  • # of teachers: 66
5
GreatSchools Rating
 

Financial Details

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Neighborhood

CHRISTIANA

  • 4,847

    POPULATION
  • 1,302

    HOUSEHOLDS
  • 51.0%

    WHITE COLLAR

Neighborhood : CHRISTIANA

HOUSEHOLDS
1,302
POPULATION

4,847

24.0%Renters
76.0%Home Owners
LABOR FORCE

 

51.0%White Collar
49.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 39% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,384 per month.

MY RENT : $1,384 MEDIAN RENT : $1,303

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.1%
$900-999 1.6%
$1,000-1,499 75.9%
>=$1,500 21.4%
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 $1,384 would therefore be considered affordable for annual household incomes greater than $55,360 (12 months x 3.333 x $1,384).

Rent % Affordability
Above $500 91.3%
Above $700 85.0%
Above $1,100 69.7%
Above $1,500 57.5%
Above $1,900 43.1%
HOUSEHOLD INCOME RANGE

Approximately 770 of households in this neighborhood have a total annual income of $55,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,384 per month.

MINIMUM INCOME RANGE : $55,360

Income % Distribution
<$20K 8.7%
$20K-$35K 11.7%
$35K-$60K 22.1%
$60K-$100K 28.7%
>=$100K 28.8%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.0%
5-9 mins 10.9%
10-14 mins 13.4%
15-19 mins 11.5%
20-29 mins 16.8%
30-44 mins 21.8%
45-59 mins 11.6%
>60 mins 8.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 39% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,384 per month.

MY RENT : $1,384 MEDIAN RENT : $1,303

Rent % Distribution
$500-699 0.0%
$700-899 1.1%
$900-999 1.6%
$1,000-1,499 75.9%
>=$1,500 21.4%
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 $1,384 would therefore be considered affordable for annual household incomes greater than $55,360 (12 months x 3.333 x $1,384).

Rent % Affordability
Above $500 91.3%
Above $700 85.0%
Above $1,100 69.7%
Above $1,500 57.5%
Above $1,900 43.1%
HOUSEHOLD INCOME RANGE

Approximately 770 of households in this neighborhood have a total annual income of $55,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,384 per month.

MINIMUM INCOME RANGE : $55,360

Income % Distribution
<$20K 8.7%
$20K-$35K 11.7%
$35K-$60K 22.1%
$60K-$100K 28.7%
>=$100K 28.8%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.0%
5-9 mins 10.9%
10-14 mins 13.4%
15-19 mins 11.5%
20-29 mins 16.8%
30-44 mins 21.8%
45-59 mins 11.6%
>60 mins 8.9%

CHRISTIANA Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 12.4%
Construction 13.2%
Educational Services 6.4%
Health Care & Social Assistance 8.9%
Manufacturing 14.3%
Retail & Wholesale Trader 17.2%
Other 27.6%
AGE DISTRIBUTION

39% of the population is between the ages of 25 and 64, 47% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 32.4%
15-19 8.4%
20-24 6.3%
25-44 20.0%
45-65 18.9%
66+ 13.9%
OCCUPATION

Occupation % Distribution
Construction 4.2%
Healthcare 5.1%
Management, Business, & Financial 15.2%
Natural Resources Maintenance 24.7%
Production & Transportation 19.1%
Sales & Office 23.1%
Other 8.6%
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 4.9%
High School 33.7%
Masters Degree 4.5%
Some College 10.2%
Some High School 36.1%
Other 10.7%

241 Brick Mill Rd Comps

Sorry, we do not have sufficient data available.

241 Brick Mill Rd, Christiana, PA 17509 is a single family home of 2,868 sqft. HomeUnion INVESTimateĀ® for 241 Brick Mill Rd includes a Price Estimate of $377,137 and a Rent Estimate of $1,384. This single family home has 3 bedrooms,2 bathrooms, and was built in 1983. This property has an estimated 15 year annualized Yield of 4.40% and Total Return of 1.06%. The estimated 1 year forecast in home value for 241 Brick Mill Rd is 2.55%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , LANCASTER County , or the 17509 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 19310
  2. 19330