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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

3608 State Route 308 Emlenton, PA 16373

2 Beds 2 Baths 954 sqft Built 1900
Last updated:  Nov 28, 2019

INVESTimate

$59,234

$54.5K - $64.0K

Price Est.

$990

833 - $1.1K

Rent Est.

$59,447  ( +0.36%)   1 YR EST. FORECAST
  
  
  

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3608 State Route 308 PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $62.09
CONSTRUCTION
  • Beds : 2
  • Floor Size : 954 sqft
  • Baths : 2 Full

3608 State Route 308 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FRANKLIN AREA HIGH SCHOOL High Regular 638 45 4

FRANKLIN AREA HIGH SCHOOL

  • Education Level: High
  • # of students: 638
  • # of teachers: 45
4
GreatSchools Rating
 

Financial Details

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Neighborhood

EMLENTON

  • 3,571

    POPULATION
  • 1,453

    HOUSEHOLDS
  • 51.8%

    WHITE COLLAR

Neighborhood : EMLENTON

HOUSEHOLDS
1,453
POPULATION

3,571

17.1%Renters
82.9%Home Owners
LABOR FORCE

 

51.8%White Collar
48.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $990 per month.

MY RENT : $990 MEDIAN RENT : $835

Rent % Distribution LEVEL
$500-699 7.0%
$700-899 56.5%
$900-999 15.7%
$1,000-1,499 19.1%
>=$1,500 1.7%
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 $990 would therefore be considered affordable for annual household incomes greater than $39,600 (12 months x 3.333 x $990).

Rent % Affordability
Above $500 85.5%
Above $700 75.2%
Above $1,100 56.7%
Above $1,500 42.9%
Above $1,900 32.2%
HOUSEHOLD INCOME RANGE

Approximately 747 of households in this neighborhood have a total annual income of $39,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $990 per month.

MINIMUM INCOME RANGE : $39,600

Income % Distribution
<$20K 14.5%
$20K-$35K 17.7%
$35K-$60K 24.9%
$60K-$100K 24.6%
>=$100K 18.4%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.2%
5-9 mins 10.7%
10-14 mins 11.7%
15-19 mins 9.4%
20-29 mins 21.3%
30-44 mins 25.0%
45-59 mins 8.1%
>60 mins 7.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $990 per month.

MY RENT : $990 MEDIAN RENT : $835

Rent % Distribution
$500-699 7.0%
$700-899 56.5%
$900-999 15.7%
$1,000-1,499 19.1%
>=$1,500 1.7%
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 $990 would therefore be considered affordable for annual household incomes greater than $39,600 (12 months x 3.333 x $990).

Rent % Affordability
Above $500 85.5%
Above $700 75.2%
Above $1,100 56.7%
Above $1,500 42.9%
Above $1,900 32.2%
HOUSEHOLD INCOME RANGE

Approximately 747 of households in this neighborhood have a total annual income of $39,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $990 per month.

MINIMUM INCOME RANGE : $39,600

Income % Distribution
<$20K 14.5%
$20K-$35K 17.7%
$35K-$60K 24.9%
$60K-$100K 24.6%
>=$100K 18.4%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.2%
5-9 mins 10.7%
10-14 mins 11.7%
15-19 mins 9.4%
20-29 mins 21.3%
30-44 mins 25.0%
45-59 mins 8.1%
>60 mins 7.6%

EMLENTON Demographics

INDUSTRY

Industry % Distribution
Construction 7.1%
Educational Services 7.4%
Health Care & Social Assistance 12.1%
Manufacturing 19.6%
Retail & Wholesale Trader 13.4%
Transportation 8.1%
Other 32.2%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 27% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 17.0%
15-19 5.5%
20-24 4.8%
25-44 21.3%
45-65 32.1%
66+ 19.4%
OCCUPATION

Occupation % Distribution
Construction 3.9%
Healthcare 6.1%
Management, Business, & Financial 15.1%
Natural Resources Maintenance 13.2%
Production & Transportation 23.7%
Sales & Office 21.8%
Other 16.3%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.6%
High School 45.1%
Masters Degree 5.3%
Some College 17.5%
Some High School 10.1%
Other 13.3%

3608 State Route 308 Comps

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3608 State Route 308, Emlenton, PA 16373 is a single family home of 954 sqft. HomeUnion INVESTimateĀ® for 3608 State Route 308 includes a Price Estimate of $59,234 and a Rent Estimate of $990. This single family home has 2 bedrooms,2 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 20.06% and Total Return of 29.18%. The estimated 1 year forecast in home value for 3608 State Route 308 is 0.36%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , VENANGO County , or the 16373 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

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