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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.

313 E Penn Ave Cleona, PA 17042

0 Beds 1 Baths 1,124 sqft Built 1950
Last updated:  Jan 23, 2020

INVESTimate

$128,856

$124K - $134K

Price Est.

$811

753 - 869

Rent Est.

$130,969  ( +1.64%)   1 YR EST. FORECAST

313 E Penn Ave PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $114.64
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,124 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
313 E Penn Ave, Cleona, PA 17042 is a single family home of 1,124 sqft. HomeUnion estimate for 313 E Penn Ave includes a Price Estimate of $128,856 and a Rent Estimate of $811. This single family home has 0 bedrooms, 1 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 7.55% and Total Return of 12.30%. The estimated 1 year forecast in home value for 313 E Penn Ave is 1.64%.
  
  
  

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313 E Penn Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CLEONA ELEMENTARY SCHOOL Primary Regular 302 16 NA

CLEONA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 302
  • # of teachers: 16
0
GreatSchools Rating
 

Financial Details

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Neighborhood

LEBANON

  • 38,049

    POPULATION
  • 14,760

    HOUSEHOLDS
  • 58.0%

    WHITE COLLAR

Neighborhood : LEBANON

HOUSEHOLDS
14,760
POPULATION

38,049

32.9%Renters
67.1%Home Owners
LABOR FORCE

 

58.0%White Collar
42.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $811 per month.

MY RENT : $811 MEDIAN RENT : $1,062

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 21.8%
$900-999 19.5%
$1,000-1,499 41.0%
>=$1,500 17.7%
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 $811 would therefore be considered affordable for annual household incomes greater than $32,440 (12 months x 3.333 x $811).

Rent % Affordability
Above $500 86.6%
Above $700 78.9%
Above $1,100 64.5%
Above $1,500 50.6%
Above $1,900 38.0%
HOUSEHOLD INCOME RANGE

Approximately 29,699 of households in this neighborhood have a total annual income of $32,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $811 per month.

MINIMUM INCOME RANGE : $32,440

Income % Distribution
<$20K 13.4%
$20K-$35K 14.2%
$35K-$60K 21.8%
$60K-$100K 29.8%
>=$100K 20.7%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.5%
5-9 mins 13.6%
10-14 mins 20.3%
15-19 mins 13.3%
20-29 mins 16.7%
30-44 mins 18.6%
45-59 mins 7.6%
>60 mins 4.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $811 per month.

MY RENT : $811 MEDIAN RENT : $1,062

Rent % Distribution
$500-699 0.0%
$700-899 21.8%
$900-999 19.5%
$1,000-1,499 41.0%
>=$1,500 17.7%
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 $811 would therefore be considered affordable for annual household incomes greater than $32,440 (12 months x 3.333 x $811).

Rent % Affordability
Above $500 86.6%
Above $700 78.9%
Above $1,100 64.5%
Above $1,500 50.6%
Above $1,900 38.0%
HOUSEHOLD INCOME RANGE

Approximately 29,699 of households in this neighborhood have a total annual income of $32,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $811 per month.

MINIMUM INCOME RANGE : $32,440

Income % Distribution
<$20K 13.4%
$20K-$35K 14.2%
$35K-$60K 21.8%
$60K-$100K 29.8%
>=$100K 20.7%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.5%
5-9 mins 13.6%
10-14 mins 20.3%
15-19 mins 13.3%
20-29 mins 16.7%
30-44 mins 18.6%
45-59 mins 7.6%
>60 mins 4.4%

LEBANON Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.1%
Educational Services 8.3%
Health Care & Social Assistance 19.3%
Manufacturing 16.5%
Professional & Scientific Tech Services 4.5%
Retail & Wholesale Trader 14.1%
Other 29.2%
AGE DISTRIBUTION

50% 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 17.9%
15-19 5.5%
20-24 5.8%
25-44 22.0%
45-65 28.4%
66+ 20.4%
OCCUPATION

Occupation % Distribution
Construction 5.4%
Healthcare 10.1%
Management, Business, & Financial 15.8%
Natural Resources Maintenance 8.4%
Production & Transportation 18.3%
Sales & Office 21.2%
Other 20.8%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.6%
High School 41.3%
Masters Degree 6.8%
Some College 16.6%
Some High School 11.6%
Other 17.1%

313 E Penn Ave 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 , LEBANON County , or the 17042 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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