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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.

2607 General Potter Hwy Spring Mills, PA 16875

2 Beds 1 Baths 720 sqft Built 1950
Last updated:  Oct 23, 2019

INVESTimate

$204,571

$189K - $220K

Price Est.

$1,096

980 - $1.2K

Rent Est.

$214,472  ( +4.84%)   1 YR EST. FORECAST

2607 General Potter Hwy PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $284.13
CONSTRUCTION
  • Beds : 2
  • Floor Size : 720 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
2607 General Potter Hwy, Spring Mills, PA 16875 is a single family home of 720 sqft. HomeUnion estimate for 2607 General Potter Hwy includes a Price Estimate of $204,571 and a Rent Estimate of $1,096. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 6.43% and Total Return of 17.52%. The estimated 1 year forecast in home value for 2607 General Potter Hwy is 4.84%.
  
  
  

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2607 General Potter Hwy SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

SPRING MILLS

  • 4,743

    POPULATION
  • 1,668

    HOUSEHOLDS
  • 59.3%

    WHITE COLLAR

Neighborhood : SPRING MILLS

HOUSEHOLDS
1,668
POPULATION

4,743

19.2%Renters
80.8%Home Owners
LABOR FORCE

 

59.3%White Collar
40.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,096 per month.

MY RENT : $1,096 MEDIAN RENT : $1,298

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.6%
$900-999 5.9%
$1,000-1,499 64.8%
>=$1,500 28.7%
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 $1,096 would therefore be considered affordable for annual household incomes greater than $43,840 (12 months x 3.333 x $1,096).

Rent % Affordability
Above $500 89.0%
Above $700 82.0%
Above $1,100 61.9%
Above $1,500 49.0%
Above $1,900 39.0%
HOUSEHOLD INCOME RANGE

Approximately 922 of households in this neighborhood have a total annual income of $43,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,096 per month.

MINIMUM INCOME RANGE : $43,840

Income % Distribution
<$20K 11.0%
$20K-$35K 16.6%
$35K-$60K 23.4%
$60K-$100K 21.2%
>=$100K 27.9%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.1%
5-9 mins 7.0%
10-14 mins 8.5%
15-19 mins 5.5%
20-29 mins 27.4%
30-44 mins 37.3%
45-59 mins 4.8%
>60 mins 3.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,096 per month.

MY RENT : $1,096 MEDIAN RENT : $1,298

Rent % Distribution
$500-699 0.0%
$700-899 0.6%
$900-999 5.9%
$1,000-1,499 64.8%
>=$1,500 28.7%
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 $1,096 would therefore be considered affordable for annual household incomes greater than $43,840 (12 months x 3.333 x $1,096).

Rent % Affordability
Above $500 89.0%
Above $700 82.0%
Above $1,100 61.9%
Above $1,500 49.0%
Above $1,900 39.0%
HOUSEHOLD INCOME RANGE

Approximately 922 of households in this neighborhood have a total annual income of $43,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,096 per month.

MINIMUM INCOME RANGE : $43,840

Income % Distribution
<$20K 11.0%
$20K-$35K 16.6%
$35K-$60K 23.4%
$60K-$100K 21.2%
>=$100K 27.9%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.1%
5-9 mins 7.0%
10-14 mins 8.5%
15-19 mins 5.5%
20-29 mins 27.4%
30-44 mins 37.3%
45-59 mins 4.8%
>60 mins 3.3%

SPRING MILLS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.1%
Construction 10.8%
Educational Services 17.7%
Health Care & Social Assistance 14.1%
Manufacturing 9.4%
Retail & Wholesale Trader 13.4%
Other 28.6%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 32% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 21.5%
15-19 5.3%
20-24 5.1%
25-44 22.5%
45-65 30.8%
66+ 14.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.9%
Healthcare 7.2%
Management, Business, & Financial 20.6%
Natural Resources Maintenance 17.9%
Production & Transportation 9.8%
Sales & Office 15.8%
Other 19.9%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.7%
High School 44.7%
Masters Degree 5.9%
Some College 10.0%
Some High School 14.0%
Other 18.6%

2607 General Potter Hwy Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , CENTRE County , or the 16875 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 16828