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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

Wallace Ave Trafford, PA 15085

3 Beds 1 Baths 1,792 sqft Built 1994
Last updated:  Oct 23, 2019

INVESTimate

$82,210

$76.4K - $88.0K

Price Est.

$993

895 - $1.1K

Rent Est.

$84,323  ( +2.57%)   1 YR EST. FORECAST
  
  
  

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Wallace Ave PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $45.88
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,792 sqft
  • Baths : 1 Full

Wallace Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PENN TRAFFORD HIGH SCHOOL High Regular 1,459 78 9

PENN TRAFFORD HIGH SCHOOL

  • Education Level: High
  • # of students: 1,459
  • # of teachers: 78
9
GreatSchools Rating
 

Financial Details

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Neighborhood

North Versailles

  • 10,207

    POPULATION
  • 4,583

    HOUSEHOLDS
  • 60.4%

    WHITE COLLAR

Neighborhood : North Versailles

HOUSEHOLDS
4,583
POPULATION

10,207

29.6%Renters
70.4%Home Owners
LABOR FORCE

 

60.4%White Collar
39.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 36% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $993 per month.

MY RENT : $993 MEDIAN RENT : $947

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 31.3%
$900-999 34.8%
$1,000-1,499 32.6%
>=$1,500 1.2%
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 $993 would therefore be considered affordable for annual household incomes greater than $39,720 (12 months x 3.333 x $993).

Rent % Affordability
Above $500 76.9%
Above $700 66.4%
Above $1,100 49.3%
Above $1,500 34.2%
Above $1,900 23.9%
HOUSEHOLD INCOME RANGE

Approximately 1,923 of households in this neighborhood have a total annual income of $39,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $993 per month.

MINIMUM INCOME RANGE : $39,720

Income % Distribution
<$20K 23.1%
$20K-$35K 19.8%
$35K-$60K 22.9%
$60K-$100K 21.8%
>=$100K 12.4%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.8%
5-9 mins 8.2%
10-14 mins 13.7%
15-19 mins 16.0%
20-29 mins 18.0%
30-44 mins 12.8%
45-59 mins 16.6%
>60 mins 12.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 36% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $993 per month.

MY RENT : $993 MEDIAN RENT : $947

Rent % Distribution
$500-699 0.0%
$700-899 31.3%
$900-999 34.8%
$1,000-1,499 32.6%
>=$1,500 1.2%
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 $993 would therefore be considered affordable for annual household incomes greater than $39,720 (12 months x 3.333 x $993).

Rent % Affordability
Above $500 76.9%
Above $700 66.4%
Above $1,100 49.3%
Above $1,500 34.2%
Above $1,900 23.9%
HOUSEHOLD INCOME RANGE

Approximately 1,923 of households in this neighborhood have a total annual income of $39,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $993 per month.

MINIMUM INCOME RANGE : $39,720

Income % Distribution
<$20K 23.1%
$20K-$35K 19.8%
$35K-$60K 22.9%
$60K-$100K 21.8%
>=$100K 12.4%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.8%
5-9 mins 8.2%
10-14 mins 13.7%
15-19 mins 16.0%
20-29 mins 18.0%
30-44 mins 12.8%
45-59 mins 16.6%
>60 mins 12.9%

North Versailles Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.1%
Educational Services 7.6%
Health Care & Social Assistance 14.0%
Manufacturing 9.3%
Retail & Wholesale Trader 25.0%
Transportation 7.8%
Other 29.2%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 27% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 16.0%
15-19 4.8%
20-24 5.8%
25-44 23.7%
45-65 31.8%
66+ 17.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.1%
Healthcare 5.9%
Management, Business, & Financial 12.8%
Natural Resources Maintenance 12.1%
Production & Transportation 10.6%
Sales & Office 34.9%
Other 17.6%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.2%
High School 43.0%
Masters Degree 5.8%
Some College 17.8%
Some High School 7.3%
Other 13.0%

Wallace Ave Comps

Sorry, we do not have sufficient data available.

Wallace Ave, Trafford, PA 15085 is a single family home of 1,792 sqft. HomeUnion INVESTimateĀ® for Wallace Ave includes a Price Estimate of $82,210 and a Rent Estimate of $993. This single family home has 3 bedrooms,1 bathrooms, and was built in 1994. This property has an estimated 15 year annualized Yield of 14.49% and Total Return of 3.15%. The estimated 1 year forecast in home value for Wallace Ave is 2.57%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , ALLEGHENY County , or the 15085 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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