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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.

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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.

319 S Trooper Rd Norristown, PA 19403

3 Beds 4 Baths 2,604 sqft Built 2007
Last updated:  Oct 23, 2019

INVESTimate

$304,788

$288K - $322K

Price Est.

$2,213

$2.0K - $2.4K

Rent Est.

$310,427  ( +1.85%)   1 YR EST. FORECAST

319 S Trooper Rd PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $117.05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,604 sqft
  • Baths : 3 Full 1 Half
PROPERTY DESCRIPTION
319 S Trooper Rd, Norristown, PA 19403 is a single family home of 2,604 sqft. HomeUnion estimate for 319 S Trooper Rd includes a Price Estimate of $304,788 and a Rent Estimate of $2,213. This single family home has 3 bedrooms, 4 bathrooms, and was built in 2007. This property has an estimated 15 year annualized Yield of 8.71% and Total Return of 16.63%. The estimated 1 year forecast in home value for 319 S Trooper Rd is 1.85%.
  
  
  

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319 S Trooper Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
METHACTON HIGH SCHOOL High Regular 1,757 124 8

METHACTON HIGH SCHOOL

  • Education Level: High
  • # of students: 1,757
  • # of teachers: 124
8
GreatSchools Rating
 

Financial Details

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Neighborhood

NORRISTOWN

  • 45,734

    POPULATION
  • 17,643

    HOUSEHOLDS
  • 76.4%

    WHITE COLLAR

Neighborhood : NORRISTOWN

HOUSEHOLDS
17,643
POPULATION

45,734

28.0%Renters
72.0%Home Owners
LABOR FORCE

 

76.4%White Collar
23.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,213 per month.

MY RENT : $2,213 MEDIAN RENT : $1,785

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 23.9%
>=$1,500 76.1%
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 $2,213 would therefore be considered affordable for annual household incomes greater than $88,520 (12 months x 3.333 x $2,213).

Rent % Affordability
Above $500 92.5%
Above $700 87.7%
Above $1,100 75.5%
Above $1,500 64.5%
Above $1,900 52.1%
HOUSEHOLD INCOME RANGE

Approximately 7,239 of households in this neighborhood have a total annual income of $88,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,213 per month.

MINIMUM INCOME RANGE : $88,520

Income % Distribution
<$20K 7.5%
$20K-$35K 9.0%
$35K-$60K 19.0%
$60K-$100K 26.5%
>=$100K 38.0%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 7.9%
10-14 mins 14.7%
15-19 mins 15.0%
20-29 mins 23.3%
30-44 mins 22.1%
45-59 mins 9.4%
>60 mins 5.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,213 per month.

MY RENT : $2,213 MEDIAN RENT : $1,785

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 23.9%
>=$1,500 76.1%
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 $2,213 would therefore be considered affordable for annual household incomes greater than $88,520 (12 months x 3.333 x $2,213).

Rent % Affordability
Above $500 92.5%
Above $700 87.7%
Above $1,100 75.5%
Above $1,500 64.5%
Above $1,900 52.1%
HOUSEHOLD INCOME RANGE

Approximately 7,239 of households in this neighborhood have a total annual income of $88,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,213 per month.

MINIMUM INCOME RANGE : $88,520

Income % Distribution
<$20K 7.5%
$20K-$35K 9.0%
$35K-$60K 19.0%
$60K-$100K 26.5%
>=$100K 38.0%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 7.9%
10-14 mins 14.7%
15-19 mins 15.0%
20-29 mins 23.3%
30-44 mins 22.1%
45-59 mins 9.4%
>60 mins 5.5%

NORRISTOWN Demographics

INDUSTRY

Industry % Distribution
Educational Services 9.2%
Financial Industries 7.0%
Health Care & Social Assistance 12.9%
Manufacturing 11.7%
Professional & Scientific Tech Services 12.4%
Retail & Wholesale Trader 13.6%
Other 33.1%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 26% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 15.5%
15-19 4.8%
20-24 5.3%
25-44 27.8%
45-65 29.0%
66+ 17.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 14.5%
Healthcare 7.0%
Management, Business, & Financial 23.3%
Natural Resources Maintenance 6.7%
Production & Transportation 8.7%
Sales & Office 22.2%
Other 17.7%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 5.6%
High School 26.7%
Masters Degree 14.9%
Some College 15.9%
Some High School 6.1%
Other 30.8%

319 S Trooper Rd 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 , MONTGOMERY County , or the 19403 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 19038
  2. 19408
  3. 19406
  4. 19401
  5. 19426