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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

534 Melcroft Rd Acme, PA 15610

2 Beds 2 Baths 1,040 sqft Built 1947
Last updated:  Jan 23, 2020

INVESTimate

$209,030

$195K - $223K

Price Est.

$899

811 - 987

Rent Est.

$211,058  ( +0.97%)   1 YR EST. FORECAST
  
  
  

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534 Melcroft Rd PROPERTY INFO

FACTS
  • Built In 1947
  • Price/Sqft : $200.99
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,040 sqft
  • Baths : 1 Full 1 Half

534 Melcroft Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CONNELLSVILLE AREA SENIOR HIGH SCHOOL High Regular 922 67 6

CONNELLSVILLE AREA SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 922
  • # of teachers: 67
6
GreatSchools Rating
 

Financial Details

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Neighborhood

ACME

  • 3,632

    POPULATION
  • 1,443

    HOUSEHOLDS
  • 52.5%

    WHITE COLLAR

Neighborhood : ACME

HOUSEHOLDS
1,443
POPULATION

3,632

12.4%Renters
87.6%Home Owners
LABOR FORCE

 

52.5%White Collar
47.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 45% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $899 per month.

MY RENT : $899 MEDIAN RENT : $872

Rent % Distribution LEVEL
$500-699 6.6%
$700-899 49.0%
$900-999 12.8%
$1,000-1,499 24.2%
>=$1,500 7.4%
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 $899 would therefore be considered affordable for annual household incomes greater than $35,960 (12 months x 3.333 x $899).

Rent % Affordability
Above $500 79.9%
Above $700 73.1%
Above $1,100 60.4%
Above $1,500 48.4%
Above $1,900 39.2%
HOUSEHOLD INCOME RANGE

Approximately 810 of households in this neighborhood have a total annual income of $35,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $899 per month.

MINIMUM INCOME RANGE : $35,960

Income % Distribution
<$20K 20.1%
$20K-$35K 11.9%
$35K-$60K 19.6%
$60K-$100K 23.5%
>=$100K 24.9%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 9.0%
10-14 mins 9.7%
15-19 mins 11.6%
20-29 mins 26.3%
30-44 mins 23.4%
45-59 mins 6.7%
>60 mins 11.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 45% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $899 per month.

MY RENT : $899 MEDIAN RENT : $872

Rent % Distribution
$500-699 6.6%
$700-899 49.0%
$900-999 12.8%
$1,000-1,499 24.2%
>=$1,500 7.4%
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 $899 would therefore be considered affordable for annual household incomes greater than $35,960 (12 months x 3.333 x $899).

Rent % Affordability
Above $500 79.9%
Above $700 73.1%
Above $1,100 60.4%
Above $1,500 48.4%
Above $1,900 39.2%
HOUSEHOLD INCOME RANGE

Approximately 810 of households in this neighborhood have a total annual income of $35,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $899 per month.

MINIMUM INCOME RANGE : $35,960

Income % Distribution
<$20K 20.1%
$20K-$35K 11.9%
$35K-$60K 19.6%
$60K-$100K 23.5%
>=$100K 24.9%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 9.0%
10-14 mins 9.7%
15-19 mins 11.6%
20-29 mins 26.3%
30-44 mins 23.4%
45-59 mins 6.7%
>60 mins 11.4%

ACME Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.4%
Construction 13.3%
Educational Services 6.6%
Health Care & Social Assistance 17.7%
Manufacturing 15.3%
Retail & Wholesale Trader 11.9%
Other 26.8%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 25% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 14.1%
15-19 5.5%
20-24 5.5%
25-44 20.5%
45-65 33.8%
66+ 20.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.8%
Healthcare 10.8%
Management, Business, & Financial 9.7%
Natural Resources Maintenance 18.5%
Production & Transportation 20.4%
Sales & Office 21.5%
Other 12.4%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.8%
High School 42.9%
Masters Degree 4.9%
Some College 15.6%
Some High School 10.2%
Other 12.7%

534 Melcroft Rd Comps

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534 Melcroft Rd, Acme, PA 15610 is a single family home of 1,040 sqft. HomeUnion INVESTimateĀ® for 534 Melcroft Rd includes a Price Estimate of $209,030 and a Rent Estimate of $899. This single family home has 2 bedrooms,2 bathrooms, and was built in 1947. This property has an estimated 15 year annualized Yield of 5.16% and Total Return of 6.60%. The estimated 1 year forecast in home value for 534 Melcroft Rd is 0.97%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , FAYETTE County , or the 15610 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 15490
  2. 15462
  3. 15622
  4. 15401