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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

3 Walnut Mill Ln Cleona, PA 17042

0 Beds 1 Baths 850 sqft Built 1988
Last updated:  Jan 23, 2020

INVESTimate

$118,427

$114K - $123K

Price Est.

$833

773 - 893

Rent Est.

$120,369  ( +1.64%)   1 YR EST. FORECAST
  
  
  

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3 Walnut Mill Ln PROPERTY INFO

FACTS
  • Built In 1988
  • Price/Sqft : $139.33
CONSTRUCTION
  • Beds : 0
  • Floor Size : 850 sqft
  • Baths : 1 Full

3 Walnut Mill Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ANNVILLE ELEMENTARY SCHOOL Primary Regular 430 25 7
ANNVILLE ELEMENTARY SCHOOL Middle Regular 430 25 7
ANNVILLE CLEONA HIGH SCHOOL High Unknown NA

ANNVILLE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 430
  • # of teachers: 25
7
GreatSchools Rating

ANNVILLE ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 430
  • # of teachers: 25
7
GreatSchools Rating

ANNVILLE CLEONA HIGH SCHOOL

  • Education Level: High
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

LEBANON

  • 38,320

    POPULATION
  • 14,830

    HOUSEHOLDS
  • 56.7%

    WHITE COLLAR

Neighborhood : LEBANON

HOUSEHOLDS
14,830
POPULATION

38,320

33.3%Renters
66.7%Home Owners
LABOR FORCE

 

56.7%White Collar
43.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 85% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $833 per month.

MY RENT : $833 MEDIAN RENT : $1,062

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 21.9%
$900-999 19.5%
$1,000-1,499 40.9%
>=$1,500 17.6%
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 $833 would therefore be considered affordable for annual household incomes greater than $33,320 (12 months x 3.333 x $833).

Rent % Affordability
Above $500 88.0%
Above $700 80.8%
Above $1,100 65.4%
Above $1,500 50.3%
Above $1,900 37.7%
HOUSEHOLD INCOME RANGE

Approximately 30,020 of households in this neighborhood have a total annual income of $33,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $833 per month.

MINIMUM INCOME RANGE : $33,320

Income % Distribution
<$20K 12.0%
$20K-$35K 14.2%
$35K-$60K 23.5%
$60K-$100K 28.0%
>=$100K 22.3%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 40% 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 5.5%
5-9 mins 15.2%
10-14 mins 19.7%
15-19 mins 13.5%
20-29 mins 16.0%
30-44 mins 18.8%
45-59 mins 7.3%
>60 mins 4.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 85% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $833 per month.

MY RENT : $833 MEDIAN RENT : $1,062

Rent % Distribution
$500-699 0.0%
$700-899 21.9%
$900-999 19.5%
$1,000-1,499 40.9%
>=$1,500 17.6%
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 $833 would therefore be considered affordable for annual household incomes greater than $33,320 (12 months x 3.333 x $833).

Rent % Affordability
Above $500 88.0%
Above $700 80.8%
Above $1,100 65.4%
Above $1,500 50.3%
Above $1,900 37.7%
HOUSEHOLD INCOME RANGE

Approximately 30,020 of households in this neighborhood have a total annual income of $33,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $833 per month.

MINIMUM INCOME RANGE : $33,320

Income % Distribution
<$20K 12.0%
$20K-$35K 14.2%
$35K-$60K 23.5%
$60K-$100K 28.0%
>=$100K 22.3%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 40% 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 5.5%
5-9 mins 15.2%
10-14 mins 19.7%
15-19 mins 13.5%
20-29 mins 16.0%
30-44 mins 18.8%
45-59 mins 7.3%
>60 mins 4.0%

LEBANON Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.6%
Educational Services 8.5%
Health Care & Social Assistance 18.6%
Manufacturing 15.2%
Retail & Wholesale Trader 14.5%
Transportation 5.2%
Other 28.5%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 29% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 17.5%
15-19 5.6%
20-24 5.7%
25-44 22.8%
45-65 28.3%
66+ 20.0%
OCCUPATION

Occupation % Distribution
Construction 5.1%
Healthcare 10.1%
Management, Business, & Financial 15.2%
Natural Resources Maintenance 8.5%
Production & Transportation 18.1%
Sales & Office 21.5%
Other 21.4%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.8%
High School 42.4%
Masters Degree 6.6%
Some College 16.2%
Some High School 10.7%
Other 17.3%

3 Walnut Mill Ln Comps

Sorry, we do not have sufficient data available.

3 Walnut Mill Ln, Cleona, PA 17042 is a single family home of 850 sqft. HomeUnion INVESTimateĀ® for 3 Walnut Mill Ln includes a Price Estimate of $118,427 and a Rent Estimate of $833. This single family home has 0 bedrooms,1 bathrooms, and was built in 1988. This property has an estimated 15 year annualized Yield of 8.44% and Total Return of 13.76%. The estimated 1 year forecast in home value for 3 Walnut Mill Ln is 1.64%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , LEBANON County , or the 17042 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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  1. 17003
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