1. < Martin Dr

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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.

5013 Martin Dr East Petersburg, PA 17520

3 Beds 1 Baths 1,843 sqft Built 1972
Last updated:  Oct 23, 2019

INVESTimate

$248,224

$239K - $258K

Price Est.

$1,407

$1.3K - $1.5K

Rent Est.

$77,279

Investment Est.

$256,366  ( +3.28%)   1 YR EST. FORECAST

5013 Martin Dr PROPERTY INFO

FACTS
  • Built In 1972
  • Price/Sqft : $134.68
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,843 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
5013 Martin Dr, East Petersburg, PA 17520 is a single family home of 1,843 sqft. HomeUnion estimate for 5013 Martin Dr includes a Price Estimate of $248,224 and a Rent Estimate of $1,407. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1972. This property has an estimated 15 year annualized Yield of 6.80% and Total Return of 12.41%. The estimated 1 year forecast in home value for 5013 Martin Dr is 3.28%.

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5013 Martin Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CENTERVILLE MIDDLE SCHOOL Middle Regular 629 39 8
HEMPFIELD SENIOR HIGH SCHOOL High Regular 2,200 144 8

CENTERVILLE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 629
  • # of teachers: 39
8
GreatSchools Rating

HEMPFIELD SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 2,200
  • # of teachers: 144
8
GreatSchools Rating
 

Financial Details

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Neighborhood

East Petersburg

  • 4,620

    POPULATION

  • 1,743

    HOUSEHOLDS

  • 67.5%

    WHITE COLLAR

Neighborhood : East Petersburg

HOUSEHOLDS
1,743
POPULATION

4,620

14.7%Renters
85.3%Home Owners
LABOR FORCE

 

67.5%White Collar
32.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 39% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,407 per month.

MY RENT : $1,407 MEDIAN RENT : $1,351

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 73.9%
>=$1,500 25.7%
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 $1,407 would therefore be considered affordable for annual household incomes greater than $56,280 (12 months x 3.333 x $1,407).

Rent % Affordability
Above $500 91.4%
Above $700 86.6%
Above $1,100 73.6%
Above $1,500 62.7%
Above $1,900 48.4%
HOUSEHOLD INCOME RANGE

Approximately 1,110 of households in this neighborhood have a total annual income of $56,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,407 per month.

MINIMUM INCOME RANGE : $56,280

Income % Distribution
<$20K 8.6%
$20K-$35K 11.9%
$35K-$60K 16.8%
$60K-$100K 40.1%
>=$100K 22.6%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.4%
5-9 mins 13.6%
10-14 mins 18.1%
15-19 mins 33.1%
20-29 mins 13.4%
30-44 mins 14.9%
45-59 mins 3.9%
>60 mins 2.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 39% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,407 per month.

MY RENT : $1,407 MEDIAN RENT : $1,351

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 73.9%
>=$1,500 25.7%
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 $1,407 would therefore be considered affordable for annual household incomes greater than $56,280 (12 months x 3.333 x $1,407).

Rent % Affordability
Above $500 91.4%
Above $700 86.6%
Above $1,100 73.6%
Above $1,500 62.7%
Above $1,900 48.4%
HOUSEHOLD INCOME RANGE

Approximately 1,110 of households in this neighborhood have a total annual income of $56,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,407 per month.

MINIMUM INCOME RANGE : $56,280

Income % Distribution
<$20K 8.6%
$20K-$35K 11.9%
$35K-$60K 16.8%
$60K-$100K 40.1%
>=$100K 22.6%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.4%
5-9 mins 13.6%
10-14 mins 18.1%
15-19 mins 33.1%
20-29 mins 13.4%
30-44 mins 14.9%
45-59 mins 3.9%
>60 mins 2.6%
East Petersburg Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 5.7%
Educational Services 9.8%
Financial Industries 5.6%
Health Care & Social Assistance 15.5%
Manufacturing 21.4%
Retail & Wholesale Trader 16.0%
Other 26.0%
OCCUPATION

           

Occupation % Distribution
Construction 4.4%
Healthcare 13.2%
Management, Business, & Financial 20.5%
Natural Resources Maintenance 6.6%
Production & Transportation 17.0%
Sales & Office 23.6%
Other 14.7%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 18.5%
15-19 4.9%
20-24 5.7%
25-44 24.8%
45-65 33.4%
66+ 12.6%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 9.3%
High School 37.5%
Masters Degree 7.1%
Some College 19.2%
Some High School 5.7%
Other 21.1%

East Petersburg Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 5.7%
Educational Services 9.8%
Financial Industries 5.6%
Health Care & Social Assistance 15.5%
Manufacturing 21.4%
Retail & Wholesale Trader 16.0%
Other 26.0%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 29% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 18.5%
15-19 4.9%
20-24 5.7%
25-44 24.8%
45-65 33.4%
66+ 12.6%
OCCUPATION

Occupation % Distribution
Construction 4.4%
Healthcare 13.2%
Management, Business, & Financial 20.5%
Natural Resources Maintenance 6.6%
Production & Transportation 17.0%
Sales & Office 23.6%
Other 14.7%
HIGHEST EDUCATION LEVEL

19% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.3%
High School 37.5%
Masters Degree 7.1%
Some College 19.2%
Some High School 5.7%
Other 21.1%

5013 Martin Dr 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 , LANCASTER County , or the 17520 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

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